Yen hits post WW II High vs Dollar

The October 23rd “deadline” for solving Europe’s problem came and went. Instead of the 30%, then 50%, then 60% writeoff being demanded against the banks holding Greek debt, a 100% loss is looking more and more likely.

The Dollar vs Euro is close to 1 Euro = $1.40 USD (the Euro started out at 1:1)… It now takes less than 96 yen to buy a dollar. Europe is close to the crash, but it’s the dollar people are worried about the US dollar.

In more important news, the World Series may end tonight!

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2 Responses to Yen hits post WW II High vs Dollar

  1. Piquerist says:

    If it’s ¥96 to buy a dollar then it’s not all-time anything. I lived in Japan for about 15 years. During that time I saw one US Dollar buy as much ¥360 and saw it drop to ¥76, around 1989, which is around the time I left. Conceivably, it could have been even lower at times since. That was pretty darned low (for the Dollar vs Yen), and certainly is lower than ¥96. None of this is to say that things are at all hunky-dory, but ¥96 to the buck is no where near an all-time low.

  2. Piquerist says:

    Now that I look at it, I wonder if this could be a matter of a transpositional typo and was meant to be ¥69, which truly would be horrifically bad for the USD.

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