even the dollar traded near the lowest in almost three weeks against the euro, but the yen went down to 124.06 / 1$ !
June 25
what wrong with the yen?
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2007-06-24 16:49:24 · 2 answers · asked by ? 3 in Business & Finance ➔ Investing
As I write now its 123.87....(official disclaimer) I am long dollar/yen.
Not sure exactly which way you're question is asked....
The yen is marking consistant lows against other currencies right now. The Bank of Japan recently ( 1 week ago?) kept interest rates at .5%, and signaled that it will continue. Everyone's taking advantage of the carry trade, and interest rate increases are much more likely in all other currencies before the yen. This makes the JPY very unattractive to banks/governments. EuroYen looks a lot better than DollarYen right now, but we'll know a lot more after the FED meets this week.
Japanese yen.....going down!
2007-06-24 17:01:36 · answer #1 · answered by Jonathan T 2 · 0⤊ 0⤋
not sure
2007-06-24 23:52:19 · answer #2 · answered by juanita2_2000 7 · 0⤊ 0⤋