business

Dollar rises to 8-month high against yen

17 Comments
By Shinichi Saoshiro and Yuzuha Oka

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17 Comments
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Happy days, 120 here we come!. All foreigners are happy about the collapsing yen!

-3 ( +6 / -9 )

Wall St. and the hyenas of the financial world evidently know something about Donnie Darko that his benighted fans salivating for crumbs from his table do not.

0 ( +2 / -2 )

Happy days, 120 here we come!. All foreigners are happy about the collapsing yen! not the ones trying to pay off student loans. LOL

8 ( +8 / -0 )

Wall St. and the hyenas of the financial world evidently know something about Donnie Darko that his benighted fans salivating for crumbs from his table do not.

Funny, Hillary's table was much larger, with more substantial crumbs, because they came from the pockets of the taxpayers. Dimon, Blankfein, and pretty much all the leaders of Wall Street are democrats, and were in Hillary's pocket.

Wall Street might be expecting that the era of growth being driven by private business coming to replace the deficit-driven "growth" of the last 8 years, which was fueled for the most part by government debt, fiscal stimulus, and interest rate manipulation.

Hillary was on board when the US doubled 233 years of national debt in only 7 years to create a measly 1% rate of growth. Those on Wall Street as well as those on Main Street know that continuing down the same path is the road to ruin. With Hillary out of the picture, the path will likely change, and hopefully go to a better place.

But the economic tide which was pushed out of equilibrium by the last two presidents is likely to fluctuate wildly before it evens out again. Don't count on the market to continue looking as rosy as it is now.

4 ( +7 / -3 )

@ sangetsuo3

Undoubtedly the rosy picture will not last, but the big boys on Wall St. and the those powerful men who control the USA's "Deep State" have already sized up the Donald and understand that the wannabe Dealmaker-in-Chief is a laughable lightweight whom they will be able to easily intimidate and manipulate. The consequences are not going to be pretty, but this is what the degeneration of democracy in the USA has wrought. Ironically, this is a historic chance for the American people to smell the poo and turn the tide of cretinization that has descended on them since the anointment of Nixon. The rise of rightwing ideologues that has turned the country into a fascistic Amerika must be halted for the sake of peace and security in the world.

6 ( +10 / -4 )

I love the collapsing yen.

0 ( +7 / -7 )

In my letter to father xmas I asked for aud to pass the jpy90.00 mark on or before xmas day (we are getting there, slowly). + 0.3jpy a day, 20 working days to go, 84jpy right now, feasible...

2 ( +4 / -2 )

It depends what currency you hold... but some people hold two or three, watching the currency see-saw from the sidelines.

4 ( +4 / -0 )

Just hope all these figures are not being manipulated by Kuroda and his cronies ... by taking advantage of a lame duck Obama administration that may not be bothered with the markets anymore.

-2 ( +2 / -4 )

Don't count on the market to continue looking as rosy as it is now. when has the market looked rose since the GFC!?

1 ( +3 / -2 )

Three cheers for a weak ¥

-1 ( +6 / -7 )

I just wrote a day ago,that selling with no abilities to feed yr employees and yrself is not too clever. Japan should look at their 120,000,000 people and sell to themselves. Then, if that is possible, sell to the rest of ASIA, who can afford to pay the right prices for the right things that are originally made in Japan and Japanese origin. Like their beef, like their vegetables, like their fishes or sea-food and many more. Stop to produce things copied from other countries like cheeses or ham or wines, which have very poor roots in Japan. Japan is not yet a poor country, just thrifty in thoughts. learn to spend money on the right things like food and healthy drinks. Have a strong body and mind. Support , real made in Japan. Learn what U are paying for. Not just cheap prices.Cheap prices or yen destory u and yr country. Look deeply.

-3 ( +1 / -4 )

Ford is blaming this on Toyota. Just wait for the headlines, everyone. If you are Ford, the only reason the yen ever falls against the dollar is because of Japanese automakers.

1 ( +3 / -2 )

I am disappointed by this. I hope the yen will become stronger so my travels abroad will become cheaper.

0 ( +5 / -5 )

@tigertanaka I totally agree with you

-1 ( +3 / -4 )

paying off student loans.

I would advise anyone who is mainly coming here to work (usually teach) to pay off student loans to go somewhere else. This is especially true for those with $20,000 or more of student loan debt. You will need to live at near poverty levels for at least 5 years.

3 ( +3 / -0 )

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