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Euro / Yen exchange rate

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  • 10-05-2013 2:22pm
    #1
    NeonCookies
    Registered Users Posts: 509 ✭✭✭


    Hi all. Hope this thread is in the right place - sorry if not.

    I'm just wondering if anyone has any opinions on what way the euro / yen exchange rate is going to go over the next few months? I know these things are uncertain, but some opinions from those who've seen similar things in the past would be very helpful. Unfortunately, I need to change yen to euro so I'm losing out big time at the moment!


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    #2
    coylemj
    Registered Users Posts: 25,437 ✭✭✭✭coylemj


    A person who can accurately predict currency movement isn't going to be sitting at a screen dispensing free advice to anonymous people on the internet, they're probably sipping a Pina Colada in their beachouse in Bermuda!

    The Japanese Central Bank has deliberately devalued the Yen to make their exports cheaper in order to stimulate the local economy, I don't think it will be going back up any time soon.


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    #3
    NeonCookies
    Registered Users Posts: 509 ✭✭✭NeonCookies


    coylemj wrote: »
    A person who can accurately predict currency movement isn't going to be sitting at a screen dispensing free advice to anonymous people on the internet, they're probably sipping a Pina Colada in their beachouse in Bermuda!

    The Japanese Central Bank has deliberately devalued the Yen to make their exports cheaper in order to stimulate the local economy, I don't think it will be going back up any time soon.

    Oh yea, I know it's completely unpredictable and I'm not expecting insider tips (although one can dream, eh?! :P)

    My opinion would match yours after reading up on Japanese news and Abenomics as it's been dubbed. Probably will get worse before it gets better.. Decision time for me now. Thanks!


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