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Thread: Japanese Yen vs US Dollar, Grrrrrrrr!!!!

  1. #1
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    Default Japanese Yen vs US Dollar, Grrrrrrrr!!!!

    Japanese Yen vs US Dollar, Grrrrrrrr!!!!
    WTF??????
    After the earthquake in japan the yen got STRONGER against the US dollar. This is KILLING me as I am paid in dollars, not yen.
    Can someone who has studied economics please explain WTF is going on?
    Why the heck is the yen getting stronger after a huge natural disaster that is goingto cost billions to clean up and hurt the japanese economy as well??
    http://finance.yahoo.com/q/bc?s=USDJ...sic+Chart&t=5d

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  2. #2

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    Didn't the Japanese gov't just dump billions of USD worth of yen into the banks to prevent the yen from losing value?

    And, JP explain why you would want to live in Japan and get paid in USD please.

  3. #3
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    Quote Originally Posted by rasterbee View Post
    Didn't the Japanese gov't just dump billions of USD worth of yen into the banks to prevent the yen from losing value?

    And, JP explain why you would want to live in Japan and get paid in USD please.
    Raster, I don't know what the Japanese government/banks did. I have herd various stories from the news. So I cant say for certain.
    As for me, I run an american company based in CA. All our clients are in america. Our business acounts are with american banks. All clients pay us in US dollars, not yen. Understand why I am getting screwed now? Everytime I transfer USD to my bank in Japan I lose money. 3 years ago it was great. 120yen to the dollar. But now it is 80 yen to the dollar. A 35% swing....

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  4. #4

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    Quote Originally Posted by japanpimp View Post
    Raster yadda yadda yadda
    I assumed it was something like that, but I was just curious and wanted to ask.
    (Your job, I mean.)

    I just tried looking for it again, but I remember like 12 hours ago glancing over a link on Drudge that had something like "Japan gov't pumps $37bil in emergency funds into banks". I can't find it now though.

  5. #5

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    The Yen is at the same value against the dollar that it was last October/November. It's not like the Yen is gaining incredible strength. The market dropped the value of the Yen immediately after the quake, but that was a reactionary movement. This raise is simply the correction back the other way. The strengthening of the Yen over the last decade or so has been more of a reflection on the weakening of the dollar.

    I think the dollar is going to get even weaker still. If you think the Yen should drop in value (versus the dollar), because of the disasters, then the cost of the disaster needs to outpace the fouled up US economy. I would say that you should compare the two currencies to the Euro if you want to assess their strength/weakness, but the Euro is on shaky ground and due for a drop, too. Comparing them to the Yuan would be pointless, since China controls it's currency to be tied to the value of the US dollar. Maybe Egypt would be a good... wait, no. Try to find a stable country's currency to use as a comparison tool.


    But, the quick answer is that the rise is a correction to the initial drop in value right after the quake.
    Quote Originally Posted by Lazzzzzzzzalicious! View Post
    i started to read this and agree with everything rota says. if people just listened to him the forums would be a better place.
    Quote Originally Posted by Dawnseeker View Post
    Rota is correct.

    I don't even understand the question.

  6. #6

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    Rota, did you just delete your first post and repost it again after mine?

  7. #7

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    Yes, but not on purpose. The site is REALLLLLY lagging for me. The rest of the interwebz is fine. But, the Evony forums are dragging a lot. Things are jumpy and buggy and laggy and all sorts of messed up.
    Quote Originally Posted by Lazzzzzzzzalicious! View Post
    i started to read this and agree with everything rota says. if people just listened to him the forums would be a better place.
    Quote Originally Posted by Dawnseeker View Post
    Rota is correct.

    I don't even understand the question.

  8. #8
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    Ok, I asked my friend. She works in finances and investments.
    After a disaster like in Japan, the local currency gets strong because there is high demand for it after the disaster. Supply/Demand.
    The local currency is needed to help rebuild, pay out insurance claims, keep companies floating financially until they can return to business as usual.
    Since there is a spike in currency demand after a disaster, the price or power of the currency goes up. Basic supply/demand stuff. So ok, I understand it now.

    Thanks to Boleslav for the Afro Samurai Signature series.
    I have made a few video guides that may help you.
    Please read the link below.
    My Evony Videos

  9. #9

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    But is there really a spike? It's at 80 right now.
    It has been between 80 and 85 for at least the last year, right? It's at the stronger end of that spectrum, but well within recent "normal value" of the currency. Or has it spiked into the 70's and I'm just looking at outdated information?
    Quote Originally Posted by Lazzzzzzzzalicious! View Post
    i started to read this and agree with everything rota says. if people just listened to him the forums would be a better place.
    Quote Originally Posted by Dawnseeker View Post
    Rota is correct.

    I don't even understand the question.

  10. #10
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    Default

    Hey guys, I think JP wants everyone to know he lives in Japan.

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