|
01-10-2007, 10:58 PM
The exchange rate is fairly craptastic right now, 120 yen to the dollar. Well I guess it's crappy going yen to dollar at least. Dollar to yen is really good. But for every 10,000 yen I change, I am losing out on 20 dollars. It is supposed to max out at 125 before dropping down around the end of the second quarter. The BOJ is expected to raise rates from 0.25 to 0.5 on Jan 18 then they expect another 0.25 raise around July. This will stregthen my yen, but it is too little to late in my opinion. I was hoping the dollar would weaken, but it is not looking likely in the short term.
|