USD-JPY Exchange Rate
Sep 23, 2022, 9:48 am
#121
Join Date: Jun 2018
Programs: AA EXP
Posts: 79
I don't think it's a bad idea to hedge a bit and get some digital IC cards but there's the very real possibility that the yen could continue to weaken even further so personally I wouldn't get as many as possible at the current time.
Even after the Japanese government yen intervention it never went below 140 JPY to the USD and it's already back over 143 yen as of this writing. Personally I think there's a possibility that before the end of the year we will see 155 JPY per USD.
Even after the Japanese government yen intervention it never went below 140 JPY to the USD and it's already back over 143 yen as of this writing. Personally I think there's a possibility that before the end of the year we will see 155 JPY per USD.
Sep 23, 2022, 9:52 am
#122
Join Date: Jul 2017
Location: California
Programs: AA EXP; Hyatt Globalist; Marriott Bonvoy Titanium Elite
Posts: 1,967
I don't think it's a bad idea to hedge a bit and get some digital IC cards but there's the very real possibility that the yen could continue to weaken even further so personally I wouldn't get as many as possible at the current time.
Even after the Japanese government yen intervention it never went below 140 JPY to the USD and it's already back over 143 yen as of this writing. Personally I think there's a possibility that before the end of the year we will see 155 JPY per USD.
Even after the Japanese government yen intervention it never went below 140 JPY to the USD and it's already back over 143 yen as of this writing. Personally I think there's a possibility that before the end of the year we will see 155 JPY per USD.
Sep 23, 2022, 10:51 am
#123
Join Date: Jun 2018
Programs: AA EXP
Posts: 79
I would propose an alternative is to perhaps use a service like Wise to exchange USD into JPY and hold that yen in your wise account. If the yen does for some reason strengthen you could then exchange that yen back into USD and deposit it back into your checking/saving account. At that point you could get physical yen via a bank order or withdraw from an ATM if you are in Japan.
Wise also offers a VISA debit card that you could use directly against the yen holding in your account but the transaction fees might make that less ideal than other options.
Perhaps more flexible than loading up thousands of dollars into IC cards.
Wise also offers a VISA debit card that you could use directly against the yen holding in your account but the transaction fees might make that less ideal than other options.
Perhaps more flexible than loading up thousands of dollars into IC cards.
Sep 23, 2022, 11:05 am
#124
Join Date: Oct 2009
Location: Perth, Australia
Programs: Hilton Diamond, QFF WP, Velocity Gold
Posts: 647
True, but eventually it will drop, but I'm sure it will drop back closer to 100 yen/usd sometime in the next 10 years. If it hits 155, I'll probably just pick up a few more as well. Though If it's still > 140 when I'm in Japan next month, I'll be grabbing some physical yen as well to bring back with me.
Sep 23, 2022, 11:18 am
#125
Join Date: Jul 2017
Location: California
Programs: AA EXP; Hyatt Globalist; Marriott Bonvoy Titanium Elite
Posts: 1,967
I would propose an alternative is to perhaps use a service like Wise to exchange USD into JPY and hold that yen in your wise account. If the yen does for some reason strengthen you could then exchange that yen back into USD and deposit it back into your checking/saving account. At that point you could get physical yen via a bank order or withdraw from an ATM if you are in Japan.
Wise also offers a VISA debit card that you could use directly against the yen holding in your account but the transaction fees might make that less ideal than other options..
Wise also offers a VISA debit card that you could use directly against the yen holding in your account but the transaction fees might make that less ideal than other options..
Perhaps more flexible than loading up thousands of dollars into IC cards.
Last edited by seigex; Sep 23, 2022 at 11:27 am
Sep 23, 2022, 11:21 am
#126
Join Date: Jul 2017
Location: California
Programs: AA EXP; Hyatt Globalist; Marriott Bonvoy Titanium Elite
Posts: 1,967
Nothing is definite in futures investing, but there's ups and downs, so nothing wrong with holding on to some to hedge a price change in the future. It's moved from 130 to 100 in the last 20 years, it'll do it again.
Sep 23, 2022, 5:26 pm
#129
Join Date: Dec 2017
Location: SFO/YYZ
Programs: AC 25K, AS MVP Gold, BA Bronze, UA Silver, Marriott Titanium, Hilton Diamond, Hyatt Globalist
Posts: 2,464
Basically at this point I had completely stopped using SUICA and switched to PASMO because SUICA no longer codes as travel. There is no functional difference between the two out in the wild when spending.
So yes CSR is optimal because it gives 3x UR for travel (CSP gives 2x, worth considering). I did not realize that ink biz had a FTF (I have never used mine here in Japan), so strike that off the list!
Right now, due to the issues between intl VISAs and suica/pasmo, those cards aren't usable, so temporarily I am using the apple card (mastercard based) for PASMO, getting 2% cash back. Since the 2% is based on being an apple pay transaction and not the merchant code, the 2% works for PASMO or SUICA alike.
So yes CSR is optimal because it gives 3x UR for travel (CSP gives 2x, worth considering). I did not realize that ink biz had a FTF (I have never used mine here in Japan), so strike that off the list!
Right now, due to the issues between intl VISAs and suica/pasmo, those cards aren't usable, so temporarily I am using the apple card (mastercard based) for PASMO, getting 2% cash back. Since the 2% is based on being an apple pay transaction and not the merchant code, the 2% works for PASMO or SUICA alike.
Sep 23, 2022, 5:41 pm
#130
Join Date: Sep 2007
Location: Tokyo
Posts: 1,575
what are cip and ciu acronyms? I generally use and have seen csr for chase sapphire reserve and csp for chase sapphire preferred. Chase business ink has a ftf
Sep 23, 2022, 5:49 pm
#131
Join Date: Dec 2017
Location: SFO/YYZ
Programs: AC 25K, AS MVP Gold, BA Bronze, UA Silver, Marriott Titanium, Hilton Diamond, Hyatt Globalist
Posts: 2,464
CIP = Chase Ink Business Preferred
CIU = Chase Ink Business Unlimited
CIC = Chase Ink Business Cash.
CIP has no FTF and earns 3x on travel.
Sep 23, 2022, 5:56 pm
#132
Join Date: Sep 2007
Location: Tokyo
Posts: 1,575
Sep 23, 2022, 8:19 pm
#134
Join Date: Sep 2007
Location: Tokyo
Posts: 1,575
Yes, see the notes above about non-japanese VISAs not working currently (broken since august 5th), hence using the Apple Card for the moment.
There is some new security stuff going on behind the scenes at visa due to some scams that were happening earlier in the year. Hopefully it will be resolved soon.
There is some new security stuff going on behind the scenes at visa due to some scams that were happening earlier in the year. Hopefully it will be resolved soon.
Sep 24, 2022, 12:00 am
#135
Join Date: Jan 2006
Location: SFO
Programs: Delta Gold 1MM, JAL JGC Diamond, Marriott LT Titanium
Posts: 395
Yeah it's annoying. Latest news it that it definitely appears to be on the visa side - some kind of new security layer being worked in due to the scams that were being run earlier this year? Hopefully they get it sorted soon.
1st choice: CSR (or chase ink biz) for 3x UR points for travel on pasmo
2nd choice: apple card (mastercard based) for 2% cashback (on any apple pay transaction) on suica/pasmo
3rd choice: wifey's CSP for 2x UR points for travel on pasmo
What are other good cards to consider for this spend? Amex biz blue unfortunately has a FTF so it's out.
https://atadistance.net/all-about-ap...uica-recharge/
1st choice: CSR (or chase ink biz) for 3x UR points for travel on pasmo
2nd choice: apple card (mastercard based) for 2% cashback (on any apple pay transaction) on suica/pasmo
3rd choice: wifey's CSP for 2x UR points for travel on pasmo
What are other good cards to consider for this spend? Amex biz blue unfortunately has a FTF so it's out.
https://atadistance.net/all-about-ap...uica-recharge/