Yen Exchange Rate Watch

feryl

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All the shopping centres in Japan are dying. I was in Hakodate just a week ago and the Wako there is in the process of closing down. Then, the Daimaru in Kyoto is also prepared to close down (apparently for renovations...).

On TV, many of the big outlets like Takashimaya, Isetan and Marui have announced that they are reverting to close one day a week (they started 7-day operations in early 2000s) and shorten operating hours to cut cost. They are also holding large sales, but it's not working because Japanese are flooding overseas to spend their strong yen. The Japanese themselves also seem more stingy in Japan, less people dining at high-class restaurants and going for cheaper 'bo-nen-kai' parties instead of splurging. Japan retail is heading for meltdown, it's a matter of 'when'.

On a seperate note, I just used the Citibank ATM services today. The exchange is 1.59, no service charge.
 

vaxvms

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maybe is time for fund manager to play yen :D

Japanese Yen 1,000 15.8000 15.9700
 

jeffsmith

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Japanese yen is looking Bullish.

USD/JPY intraday

Strategy Entry Stop 1st target 2nd target
LONG 90.05 90.00 90.83 91.00
Pivot: 90.00.
Trend: ST Consolidation; MT Bearish
Key levels:
91.5** Intraday resistance
91** Intraday resistance
90.83** Intraday resistance
90.32 Last
90** Intraday pivot point
89.75** Intraday support
89.55** Intraday support
Our Preference: LONG positions above 90 with targets @
90.83 & 91.
Alternative scenario: The downside breakout of 90 will
open the way to 89.75 & 89.55.
Comment: the pair should rebound on its support as the
RSI is turning up.
 

vaxvms

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Japanese Yen 1,000 15.6800 15.8700

wat a year start for nihon
 

Junpei

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Mustafa morning rate

up again $16.02 = 1000 yen pray pray go down....
 

jeffsmith

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Yesterday the Japanese currency Yen was up and was in a good position to trade with a buy.
 

Junpei

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eh i see mustafa now 15.67.. =/ should buy now or wait? going to japan in mar.. so still got quite awhile to go.. but scared go back to 16 again leh. ughhh. please go down further >______<

now in the mustafa is 1000 yen = $15.8600

i think u see the wrong one cant be so fast drop to 15.67
 

vaxvms

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Japanese Yen 1,000 15.7400 15.9100

start market always up....lets wait wed
keeping my finger cross for 1.5 and I go change liao ***not too greedy hor****
 

Junpei

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Japanese Yen 1,000 15.7400 15.9100

start market always up....lets wait wed
keeping my finger cross for 1.5 and I go change liao ***not too greedy hor****

haiz mustafa

now $15.9600 - 1000 yen

never see it drop below $15.80 when market open haha
 

Junpei

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bad news for today

Nikkei tops 9,000 for 1st time in 2 months on 1st trading day of 2009

Monday 05th January, 10:43 AM JST

TOKYO —

Tokyo stocks opened over 2% higher Monday on the first trading day of 2009 with the key Nikkei index topping the 9,000 mark for the first time in nearly two months as investors were buoyed by a rise on Wall Street Friday.

In the first 15 minutes of trading, the 225-issue Nikkei Stock Average gained 231.40 points, or 2.61%, from Dec 30 to 9090.96, recovering the 9,000 line for the first time since Nov 11. The broader Topix index of all First Section issues on the Tokyo Stock Exchange was up 22.87 points, or 2.66%, to 882.11. Brokers said the Tokyo market began on a positive note after New York stocks made strong gains Friday on optimism over a large-scale stimulus in the United States expected to be implemented by the incoming administration of President-elect Barack Obama.
 

jeffsmith

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In YEN will see some dramatic changes where as the Asian markets are on a dramatic move. As we have seen today's movement in Nikkei.
 

Junpei

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great news for today at last see the yen dropping

from mustafa

1000 yen = SG$15.8800

hope n pray it drop to $15 by end of this mth
 

pker88

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hope so so i can buy more phats in tokyo
Going this friday nite woot woot
 
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