Anonymous ID: 365669 Nov. 7, 2023, 4:49 p.m. No.19878161   🗄️.is 🔗kun   >>8186

>>19878117

Evening to ya

Ups/downs as this shit moves around

Guess the accident sorta blessing as never calmed enough to tell wut really going on

I’m all radioactive yesterday/today bone test inject

Fuggen n’bor was all “oh you can’t touch anything gotta wipe everything off etc”

I just said “yeah ok thanks” :I

You?

Anonymous ID: 365669 Nov. 7, 2023, 5:20 p.m. No.19878311   🗄️.is 🔗kun   >>8321

Yen sinks to near historic levels against euro and Asian currencies

 

The yen's depreciation is spreading beyond the U.S. dollar, with exchange rates against such currencies as the euro and Singapore dollar approaching historic lows.

Expanding carry trades that take advantage of interest rate differences are fueling views that the weak yen will continue for the time being.

In Tokyo on Tuesday, the yen hovered around 150 to the dollar, up more than 1 yen from this year's low of 151.74 set on Oct. 31.

 

Although long-term U.S. interest rates touched 5% in late October, the highest level in 16 years, they fell to 4.6% as of Monday. The prospect of the U.S.-Japan interest rate differential no longer widening has helped stem the yen's slide against the dollar.

But against other currencies, the yen is plummeting.

The yen touched the 161 level against the euro at one point on Tuesday,the weakest since August 2008..Against the Singapore dollar, the yen fell to the 111 level, the lowest since 1985.The Japanese currency also briefly fell to 97 yen to the Australian dollar, the lowest level in four and a half months.

Against the South Korean won, the yen hit the mid-0.11 range on the same day,the lowest since January 2008. The yen also slumped to its lowest level this year against currencies from resource-rich countries such as Brazil and South Africa.

 

Carry trades involve borrowing low-interest-rate currencies from the market and buying high-yielding currencies. The trades usually use short-term interest rates. The yen, with the Bank of Japan's negative interest rate policy, is an easy choice for the funding currency for carry trades.

(when this blows up…..EBIC)

 

https://asia.nikkei.com/Business/Markets/Currencies/Yen-sinks-to-near-historic-levels-against-euro-and-Asian-currencies

https://www.tradingview.com/symbols/EURJPY/