Originally Posted by
alex999
Dollar / Yen fluctuations in the last 25 years have been such that the Dollar typically fluctuates between 80 Yen and 130 Yen per USD. It is almost always over 100 Yen. Did Hawaiian really assume that the Dollar would stay at the historical low 80 Yen margin forever, or is this just a talking point for Wall Street? After 2012, it was obvious to all of us living between Japan and the US and "living with the exchange rates" that the Dollar could rise back to a >100 Yen sustainable basis at any time, especially after the Abe government came into power ("Abenomics"). Was Hawaiian really blindsided by this?
The USD was below 85 JPY for two years, and below 100 JPY for about 4 1/2 years. Short-term fluctuations can be hedged away (at a cost). HA tried and lost.
Originally Posted by
alex999
After 2012, it was obvious to all of us living between Japan and the US and "living with the exchange rates" that the Dollar could rise back to a >100 Yen sustainable basis at any time, especially after the Abe government came into power ("Abenomics"). Was Hawaiian really blindsided by this?
Surely, then, for all of whom this was obvious, you got rich by shorting the USD and no longer have to fly commercially.
