Hey everyone, as you probably remember me saying, I used to live in Japan from 2001 to 2004 when I was in the US Navy. Around that time, the exchange rate for the Japanese Yen was around 123 to the US Dollar, meaning you received about 123 Yen for each US Dollar. The real rate of exchange was higher, but you have to figure in fees at the ATM and elsewhere, so 123 was what I remember.
Last Updated On: August 16, 2016
By: Nick Giammarino
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If you look at a one year chart, you will see the rate and how it fell from over 124 to where it is now, which represents a drop of over 18%:
The video below has NO AUDIO, it’s just a visual representation of what happened over the last day. It was published on August 16, 2016:
Here is a technical analysis for August 16 2016 by FXempire.com:
For those who want to recreate the chart I have made, go here:
Here is a great video by Maneco64 regarding Currency Wars:
Check out this book to learn more about currency wars:
I look forward to reading what you all have to say about this. It’s very odd to be seeing the Japanese Yen making such gains against the United States dollar.
Please comment below and share, thanks so much!
By the way, a MAJOR Iraqi Dinar dealer has been hacked since June and they haven’t told anyone! A few of us in the dinar community know about it, so I put this video out, and was threatened, you watch it and let me know your thoughts: