Yen Hits New Low: Forex and Travel Opportunities?
Over the past 30 years, the Japanese yen moved beyond USD/JPY 155 for the first time, potentially prompting Japan to intervene in the market.
Despite the Bank of Japan ending its negative interest rate policy last month, interest rates remain close to zero after the rate hike.
Are there any money-making opportunities?
“Mrs. Watanabe,” referring to Japanese housewives who speculate in the forex market, profit from fluctuations in the yen exchange rate.
Mrs. Watanabe borrows low-interest yen and invests in high-yield foreign bonds or forex deposits, capturing interest rate differentials.
When anticipating possible intervention by BOJ, Mrs. Watanabe takes a short position in USD.
Would you, like Mrs. Watanabe, try to make money from forex?
The decline in the yen is also positive for the Japanese tourism market.
If you can't make money from the forex market, you can also go shopping in Japan.
The low exchange rate makes buying luxury brands in Japan affordable.
Would you choose to travel to Japan?
$Japanese Yen - main 2406(JPYmain)$ $iShares MSCI Japan ETF(EWJ)$
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一些人仍然希望日本会再次繁荣...
鉴于丰富的文化和美丽的风景，日本仍然是一个值得参观的地方[微笑][微笑][微笑]
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你会选择去日本旅游吗？
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I love Mrs Watanabe, she's my idol🍶🍣🥷🍜
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