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Old 04-12-2008, 11:23 PM   #46
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screw the market, the yen was at a 1-month high against the SGD yesterday
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Old 04-12-2008, 11:35 PM   #47
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120 days
latest (Dec 3) 61.0475
lowest (Dec 3) 61.0475
highest (Jul 25) 79.2901

ask not whether the yen will recover, but whether the singapore dollar will
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Old 04-12-2008, 11:51 PM   #48
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120 days
latest (Dec 3) 61.0475
lowest (Dec 3) 61.0475
highest (Jul 25) 79.2901

ask not whether the yen will recover, but whether the singapore dollar will
ultimate crap.

pray hard for recovery in 1Q or 2Q next year and S$ rise against yen or Yen dramatic fall to boost the yen carry trade.
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Old 05-12-2008, 08:42 AM   #49
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Long weekend coming, can it be the reason for the big jump?
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Old 05-12-2008, 10:25 AM   #50
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yen is so high now...
16.5

o_O;
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Old 05-12-2008, 11:56 AM   #51
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ultimate crap.

pray hard for recovery in 1Q or 2Q next year and S$ rise against yen or Yen dramatic fall to boost the yen carry trade.
with MAS allowing the S$ to fall to 1.80, even a weaker yen won't save the JPY-SGD exchange much, not to mention if yen stays at this level

we may see $18 for 1000yen next year (hopefully not!) at the rate things are going argh
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Old 05-12-2008, 07:07 PM   #52
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Today Japanese currency yen is looking good
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Old 05-12-2008, 07:24 PM   #53
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From the XE

100.00 JPY = 1.65039 SGD
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Old 05-12-2008, 10:59 PM   #54
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japan is mainly import based.. so their currency will go higher and higher to suit their needs.. whereas Singapore is more on export.. devaluation of our currency will be a better choice for our economy.. so now one up one down.. SGD change to JPN YEN = pocket one big hole
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Old 06-12-2008, 01:26 AM   #55
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i'm not an expert, but this is my attempt to make sense of what's happening now. here comes my WALL OF TEXT

the demand for imports and exports in japan has been relatively unchanged. the only reason why the balance of payments in japan is worsening is because of the increase in the exchange rate. it's not that japan is exporting less. but exports are paid in foreign currency, which is now worth less compared to the japanese yen. the issue is not the amount of goods exported by japan, but the money that they receive for the same amount of goods is now less.

to say that japan 'allows' exchange rates to weaken would be to say that they adopt a fixed exchange rate policy. i can't comment on that cos not enough info to suggest this.

in this case, it is not the balance of payments affecting the exchange rate, but the exchange rate affecting the balance of payments. and the exchange rate is not affected by the goods market, but rather the money market.

1. as japanese investors (individuals, firms, governments) lose confidence is the global economy, they pull their investments out of the global financial markets. japanese investors are more risk averse, and japanese people have a higher propensity to save (hence a decade of deflation and ineffective monetary policy, 0% interest rates).

2. when japanese investors invest less overseas, the demand for foreign capital falls. this causes an increased net capital inflow.

3. when the demand for foreign capital falls, the demand for foreign currency falls, foreign currency depreciates (against the japanese yen). which is the same as saying that japanese yen appreciates, against foreign currency.

hence japanese yen goes up.

what people predict is that the goods market will be affected by the worsening balance of payments, forcing japan into a recession. we dont know how long this will take. one thing is for sure, it will not happen by the time i visit tokyo

for singapore, foreign trade is 3 times the size of domestic consumption. like japan (but for different reasons), monetary policy is also ineffective. you never hear about the government changing interest rates (CPF will be pwned), you only hear about MAS adjusting exchange rates. that's to say that singapore exchange rate policy is closer towards a fixed rather than a flexible policy.

hence singapore GDP will depend mainly on the balance of payments. but there is another factor to consider, and that is the fact that singapore has a major trading partner: USA.

so exports depend heavily on USA's demand for imports. there is nothing we can do to change USA's demand. what the MAS can do is devalue the singapore dollar. therefore, each US dollar that singapore is paid can be exchanged into a greater amount of singapore dollars.

hence, singapore dollar goes down, due to the effect of the goods market.

anyway analyse also no use, i just got pwned by the money changer today, $1.657 per JPY100

i can only hope that by the time i come back from japan, the exchange rate is still high, if not higher

Last edited by anfield22; 06-12-2008 at 01:47 AM.. Reason: typo
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Old 06-12-2008, 01:12 PM   #56
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obama ! cure the economic crisis, make the S$ strong again !
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Old 06-12-2008, 01:27 PM   #57
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The USD has to strengthen in order to spur consumption in the US, which in turn will restart the economy.
SGD will not appreciate in the meantime.

This is what I think. :p
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Old 11-12-2008, 12:37 PM   #58
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1 Sgd = 61.95 Yen for today
Hope it gets better
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Old 11-12-2008, 04:53 PM   #59
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1 Sgd = 61.95 Yen for today
Hope it gets better
The Asian market is getting better. This is going to effect Yen too. As this recovery in the Asian market is good for the market and the invested money of people.
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Old 12-12-2008, 12:38 PM   #60
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Good things cannot say
Now 1 SGD = 59 YEN
Sianz Big Time
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