But to predict where the yen is heading, you have to understand why it is so weak today.
The yen advanced to an eight-month high against the dollar, fuelling fears that a stronger Japanese currency will hurt Japan’s exports and hamper its recovery.
Remarks from Japanese finance officials indicating that currencies will not be a main issue in this weekend's G7 meetings may embolden traders to trigger fresh bids in the yen.
Then, if I need yen, I can exchange some pounds for yen?
Only the Japanese yen, undervalued by 27%, could be considered a snip.
And as the dollar continues to dangle below the 100-yen mark, Fukao says that officials have their eyes on just how low it will go.
There is much to enjoy about Memories of Matsuko. But if I were a female moviegoer who had paid 1800 yen to be told that I need to know my place in this world, I would be mightily pissed off.
If the consequence of all this additional stimulus is a weaker yen, so be it.
On this, the United States' 40-year history of pressuring Japan to let the yen appreciate against the dollar is instructive.
TOKYO (AFP) - A Japanese court ordered a company to pay a record 20 billion yen (189 million dollars) to the inventor of the revolutionary blue light-emitting diode (LED) for patent rights transfer.
The finance minister, Yoshihiko Noda, said he expects the actions to weaken the yen and improve the economy.
Investors sprinted toward safety Wednesday as fears about a global economic slowdown intensified, driving the yen briefly to a 15-year high against the dollar and sending stock prices sharply lower.
If the carry trade is now part of a bygone era, so is the weakness of the yen.
I really have a yen for a nice, juicy apple.
But now the impact on exports of higher oil prices, coupled with a sharp rise in the yen since last summer-a consequence largely of financial-market volatility-throws that profitability into question.
But the dollar may not be weak enough for that-even against the yen.
The chart shows the dollar versus the yen; although the overall trend has been one of dollar decline, there have been some sharp swings along the way.
Japan has already provided around 20 billion yen to help dismantle more than 70 retired nuclear submarines believed to have been abandoned in the Russian Far East.
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