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Old Feb 11, 2016 | 12:42 pm
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TOMFORD
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Originally Posted by gnaget
Someone opined recently that JPY was going to "crash" because of negative interest rates and it had fallen to 121 on the news. I tried to explain that it would not cause yen weakness; in fact, it was going to strengthen. Since then the JPY has strengthened by 7-8% vs. the USD. Both US and Japanese stock market weakness will reinforce this trend. If things get really ugly then the JPY will easily strengthen to (far) below 100.
How much money do you (and or the other people from the other thread) plan to spend in Japan for a few pp rate change to have a material effect on you? My foreign Rolex bought on a strong dollar was only a few hundred bucks cheaper than the $7500 sticker US retailers have. These exchange rates don't make a difference to the everyday folk unless yall are planning to trade forex on a 1:100 leverage, which, if you are, come to my firm and let us make some money off of your speculations I could use an IWC to keep my Rolex and Hublot company.
Last edited by TOMFORD; Feb 11, 2016 at 12:48 pm
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