This is where I am going to write about myself as a DJ profile.
USDJPY=X: Or Behold The US Economy Tanking
March 18th, 2008 by jp received No Comments »USDJPY=X: Summary for USD to JPY – Yahoo! Finance
Today, for the first time in over 12 years, the dollar dipped below 96 to the yen.
To put this in perspective, when I first came to Japan in 2002, there were days when the yen was over 130 to the dollar.
It is weird watching a recession take hold in the US from abroad, because you can literally feel the US economy tanking with each drop in the dollar. However, with Japan being such an export driven society, the strong yen is actually bad for many of the larger multinationals.
Regardless, I’m glad I get paid in yennies instead of pennies. The exchange rate hits the 65 to the dollar level some bears are prognosticating, or even the much more reasonable 80 yen level, and I might end up making more than Robert Love.
OK. That would take an 8 yen to the dollar level.
Just for giggles, here is a three month USDJPY=X chart.
The 5 year is even more ridiculous.
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