Yen Exchange Rate Watch

[James Tang]

Have a great trip!

same to you!

 

[stars87]

yes, flying on fri. is ok, hope rate will drop again.

hmm, if you got time, can monitor house ikebukuro. cos she ask people to confirm their reservation 2 or 3 weeks before the actual date. If they don't confirm, she will release the room. I just checked and some nights that were previously booked are now available. This way, you can experience both kimi and House Ikebukuro. Then can decide where you prefer next time.

Hmm, like this, I still need to take photos for how to go there mah? A bit lazy.

doubt so. dont think i need. i will do. ild keep checking up house ikebukuro but probably hard since we need 2 rooms and 4 nights at a stretch.

thank you. enjoy your trip.

yen currently at 15.97. ridiculous rates.

 

[SquallLH]

I think the MAS devaluation rumour might be coming true...
Can't be helped I guess~

 

[slayer2004]

Just now went to Boon Lay, cheapest 1.584. Mustafa now 1.59. Hope tml will go down....

 

[dreamer75]

!!!!!!! crap. was at arcade on friday and got offered 15.4 . didnt take that offer. now regret

enjoy your trip sister telur. flying off this week ? i tried to get house ikebukuro but fully booked so im taking kimi ryokan. should have listened to ur advice and booked early.

aiyo....din know its 15.4...

i sure cheong to change!!!

 

[chanvh]

Ai ya, still too early to tell anything, lets see for next week, the rates might cool off.

 

[stars87]

15.85 going down down down, spin me around and round.

 

[dimitri_can]

15.62!!! =)

 

[dimitri_can]

15.59!!! =) =)

 

[Illegal_Operation]

15.59!!! =) =)

where u saw it? i want to go and change today..... thanks... this sat flying...

 

[dimitri_can]

Mustaffa。But be warned. Mustaffa rates change every 2 hours.

 

[Illegal_Operation]

hw abt the arcade? anybody know the rate there? thanks

 

[James Tang]

Should be available in the previously mentioned places: Arcade or Suntec or Mustafa

I checked online and it says 15.47. So It should be around 15.56-15.59 for notes

 

[dreamer75]

Should be available in the previously mentioned places: Arcade or Suntec or Mustafa

I checked online and it says 15.47. So It should be around 15.56-15.59 for notes

gd news...hehe...

 

[slayer2004]

Just now I go Boon Lay, everywhere is 1.565 and above. Then I change at 1.56....but they only have 20k Yen. Haiz. I believe this afternoon might drop so peeps, do go and check for the best!

 

[Illegal_Operation]

Just now I go Boon Lay, everywhere is 1.565 and above. Then I change at 1.56....but they only have 20k Yen. Haiz. I believe this afternoon might drop so peeps, do go and check for the best!

btw, what time they normally close? thanks

 

[dimitri_can]

15.58 now. lol

 

[dreamer75]

15.54 at the arcade.....

 

[dreamer75]

Japanese Yen Could Rise as Technical Positioning Hints at Correction

Japanese Yen Could Rise as Technical Positioning Hints at Correction

Fundamental Outlook for Japanese Yen: Bearish

- Japan’s FinMin Says Economy Needs Trillions in New Fiscal Stimulus
- Merchandise Exports Boosted by Cheaper Currency in February
- Annual Retail Sales Fall Most in 7 Years

The Japanese Yen may correct higher as technical considerations temporarily overtake momentum from increasingly grim fundamental news. The economic calendar offers a familiar picture in the coming week: dwindling overseas sales are pushing Japanese companies to cut back production capacity, boosting unemployment to put downward pressure on consumer spending and overall economic growth. Indeed, industrial production is set to shrink at an annual pace of -38.1% in February, a new record low, while the Tankan survey of business confidence is expected to show sentiment is at the worst in over three decades. Meanwhile, labor market readings are seen deteriorating yet again while Household Spending falls for the 11th consecutive month in the year to February.

Importantly, while the data docket is definitively dour, it offers little that has yet to be priced into the Yen exchange rate. The markets have known for some time that the Japanese economy is in shambles: the currency’s safe haven status began to erode weeks ago when it was revealed that the economy shrank over 12% in the fourth quarter to enter the deepest downturn since the 1970s. The continuous barrage of dismal data has somewhat desensitized investors at this point, leaving the door open for a technical correction. To that effect, we see that the trade-weighted Japanese Yen index (measuring the value of the currency against a basket of top counterparts) has put in a convincing Bullish Engulfing candlestick pattern at a key pivot level that has acted has acted as both significant support and resistance since early October of last year. This hints persuasively at the possibility of a rebound, giving long-term Yen bears a second chance to enter the broad down trend.

http://www.dailyfx.com/story/currency/jpy_fundamentals/Japanese_Yen_Could_Rise_as_1238214839427.html

 

[Illegal_Operation]

Japanese Yen Could Rise as Technical Positioning Hints at Correction

Japanese Yen Could Rise as Technical Positioning Hints at Correction

Fundamental Outlook for Japanese Yen: Bearish

- Japan’s FinMin Says Economy Needs Trillions in New Fiscal Stimulus
- Merchandise Exports Boosted by Cheaper Currency in February
- Annual Retail Sales Fall Most in 7 Years

The Japanese Yen may correct higher as technical considerations temporarily overtake momentum from increasingly grim fundamental news. The economic calendar offers a familiar picture in the coming week: dwindling overseas sales are pushing Japanese companies to cut back production capacity, boosting unemployment to put downward pressure on consumer spending and overall economic growth. Indeed, industrial production is set to shrink at an annual pace of -38.1% in February, a new record low, while the Tankan survey of business confidence is expected to show sentiment is at the worst in over three decades. Meanwhile, labor market readings are seen deteriorating yet again while Household Spending falls for the 11th consecutive month in the year to February.

Importantly, while the data docket is definitively dour, it offers little that has yet to be priced into the Yen exchange rate. The markets have known for some time that the Japanese economy is in shambles: the currency’s safe haven status began to erode weeks ago when it was revealed that the economy shrank over 12% in the fourth quarter to enter the deepest downturn since the 1970s. The continuous barrage of dismal data has somewhat desensitized investors at this point, leaving the door open for a technical correction. To that effect, we see that the trade-weighted Japanese Yen index (measuring the value of the currency against a basket of top counterparts) has put in a convincing Bullish Engulfing candlestick pattern at a key pivot level that has acted has acted as both significant support and resistance since early October of last year. This hints persuasively at the possibility of a rebound, giving long-term Yen bears a second chance to enter the broad down trend.

http://www.dailyfx.com/story/currency/jpy_fundamentals/Japanese_Yen_Could_Rise_as_1238214839427.html

that means we should faster go and change before it goes up?