Yen Exchange Rate Watch

charsiewfan

charsiewfan

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cutieboy86 said:
u think the yen will drop back within the next few days? was hoping to go change today or tml de
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Cannot tell you for certain it will go up or go down.... if you need it urgently better start to change some first and change more when it down.
 
s7460597

s7460597

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charsiewfan said:
Rebound is normal, been down for many days. Looks like analysts are targeting lower yen by year end.

http://www.bloomberg.com/news/artic...er-a-lonely-call-for-analyst-who-got-it-right
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Another view.

http://www.bloomberg.com/news/artic...ump-bubble-burst-driving-yen-to-98-per-dollar

UBS Wealth Management joins bulls including former Japanese currency chief Eisuke Sakakibara and JPMorgan Chase & Co. in forecasting the yen will gradually strengthen to beyond 100 per dollar next year because of Trump’s “America first” stance on trade, even as strategists raised dollar-yen estimates at the fastest pace since January of last year. A reversal of the yen’s post-election slump would negate what has been a welcome tailwind for Japan’s struggling economy, as the Bank of Japan’s sway over the exchange rate has dwindled.

The yen was at 111.97 per dollar as of 2:15 p.m. in Tokyo on Tuesday. The median forecast among analysts is for it to be at 110 by the end of 2017, from a consensus estimate of 106 as of the end of last month. The yen hasn’t traded at 98 since November 2013.
 
charsiewfan

charsiewfan

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s7460597 said:
Another view.

http://www.bloomberg.com/news/artic...ump-bubble-burst-driving-yen-to-98-per-dollar

UBS Wealth Management joins bulls including former Japanese currency chief Eisuke Sakakibara and JPMorgan Chase & Co. in forecasting the yen will gradually strengthen to beyond 100 per dollar next year because of Trump’s “America first” stance on trade, even as strategists raised dollar-yen estimates at the fastest pace since January of last year. A reversal of the yen’s post-election slump would negate what has been a welcome tailwind for Japan’s struggling economy, as the Bank of Japan’s sway over the exchange rate has dwindled.

The yen was at 111.97 per dollar as of 2:15 p.m. in Tokyo on Tuesday. The median forecast among analysts is for it to be at 110 by the end of 2017, from a consensus estimate of 106 as of the end of last month. The yen hasn’t traded at 98 since November 2013.
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Yes, it's anyone guess whether it will up or down, but right now is a good entry point.
 
V

vampvamp

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Is the yen rate higher or lower better? I just checked the app through xe currency but it show 1 SGD = 78.9858 so I am confused when u all state that it was 12.75 here. Pls advise
 
C

Crexzz

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vampvamp said:
Is the yen rate higher or lower better? I just checked the app through xe currency but it show 1 SGD = 78.9858 so I am confused when u all state that it was 12.75 here. Pls advise
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SGD12.75 is money changers' selling rate for 1000yen.
Your app rate is showing how much yen you can buy with SGD1.00
 
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