The yen continues to plummet against the dollar.

[Riberet19]

The yen's situation seems unsustainable, with a Japanese central bank that is not willing to act seriously, the yen continues to plummet and erode the economic power of the population with a debt to GDP of 230% and with no desire to change its monetary policy, the yen is trading at 158 yen/dollar, the outlook continues to worsen for the yen.

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[saoussen57651]

More people gets interested on Duolingo to learn chinese which reveals this increase of the price too. Their economy is increasing every day too.

 

[Riberet19]

More people gets interested on Duolingo to learn chinese which reveals this increase of the price too. Their economy is increasing every day too.

This is bad, as inflation is skyrocketing due to the incredible debt they have, almost 300% against their GDP, and the Yen is Japan's currency, not China's

 

[saoussen57651]

This is bad, as inflation is skyrocketing due to the incredible debt they have, almost 300% against their GDP, and the Yen is Japan's currency, not China's

I get confused because the term yen is similar to yuan so I think it is Chinese currency. The two terms are similar so that is why I confuse between both of them.

 

[Modar]

Japanese Yen I never liked the Japanese Yen as a currency it was never steady or stable. My advice is always not to use Japanese Yen in cryptocurrency trading, storing crypto on your balance or Have savings in this currency. Always use first Dollar second Pound Sterling, and last Euro.

 

[Riberet19]

I get confused because the term yen is similar to yuan so I think it is Chinese currency. The two terms are similar so that is why I confuse between both of them.

Don't worry, we can all get confused.

Japanese Yen I never liked the Japanese Yen as a currency it was never steady or stable. My advice is always not to use Japanese Yen in cryptocurrency trading, storing crypto on your balance or Have savings in this currency. Always use first Dollar second Pound Sterling, and last Euro.

the Yen is a weak currency because its central bank has taken measures that leave much to be desired and does not know how to act, but the euro, the dollar and all the others are the same but on a smaller scale, none of them is a store of value.

 

[Riberet19]

The central bank of Japan seems to be taking matters into its own hands, I have also read news that the US is intervening in the situation in Japan with a bailout, I am not sure, what is real is that the Yen has strengthened somewhat and is now at 155 JPY/$

 

[Riberet19]

The situation of the yen has seemed to stabilize, at 155 yen per US dollar, but on the other hand, salaries are contracting while the country is experiencing an inflationary wave, with salaries contracting 2.5% year-on-year, which is disastrous, Japan is entering another time of stagnation, all this for living in a stage where its demographic pyramid is inverting and seems to have no intention of improving in the coming years, to all this we must add the incredible mismanagement of the central bank of Japan.

 

[junetindi]

The yen's decline against the dollar can be influenced by various factors such as changes in interest rates, economic performance, monetary policy decisions, and geopolitical events. For instance, if the Federal Reserve raises interest rates, it could attract more investment to the dollar, causing the yen to weaken in comparison. Similarly, economic data indicating stronger growth in the US compared to Japan might also contribute to the yen's decline against the dollar.

 

[Riberet19]

The yen's decline against the dollar can be influenced by various factors such as changes in interest rates, economic performance, monetary policy decisions, and geopolitical events. For instance, if the Federal Reserve raises interest rates, it could attract more investment to the dollar, causing the yen to weaken in comparison. Similarly, economic data indicating stronger growth in the US compared to Japan might also contribute to the yen's decline against the dollar.

The yen has been depleted by the decisions of Japan's central bank, which have been a disaster for far too long, as well as refusing to act when they were on time and wanting to act when disaster is already set, and the US has had to bail out Japan.