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Thread: Dollar Falling Drastically Versus Yen!!!
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Old Mar 17, 2008 | 10:49 am
  #25  
YVR Cockroach
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Originally Posted by Tokyorich
I think it went down to 79 in the 90's.
The yen is at 97 now.
IIRC, that little episode was due to Japanese corporation repatriating masive amounts of Yen (bought with USD) for some accounting reason which overwhelmed the market. This decline is probably more due to fundementals, sentiment, and long-term correction.
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