Hello, I’m Mi-nong! Today, I was surprised to hear that the yen exchange rate has fallen a lot. I saw that the won exchange rate fell to the late 800 won range after supporting the 900 won range, but it came down to the 870 won range… CIt is the first time in 15 years and 9 months that the won-yen exchange rate has fallen to the 870 won level since February 2, 2008, when the global financial crisis occurred. If you look up the won-yen exchange rate on Naver for the past 10 years, it is positioned the lowest. It is a very low figure that Japan hit a 10-year low unless the country goes bankrupt. I think the biggest reason for the yen’s depreciation is Japan’s monetary easing policy. While Japan’s 10-year Treasury bond rate is in the 0.8 percent range, the U.S. 10-year Treasury bond has hit the late 4 percent range. While other countries have monetary tightening policies, Japan’s easing policy has forced the yen to weaken the value of the yen.On the other hand, the won/dollar exchange rate fell slightly on expectations that the U.S. rate hike would end.The won/dollar exchange rate, unlike the won/yen exchange rate, is upward. The end of the U.S. interest rate hike has made investors think that they can invest in risky assets to some extent. They think that the return on investing in risky assets is greater than investing in safe assets called dollars.If I invest yen, I think it would be good to go in now. I think it would be good to buy yen and invest in products such as RP thinking that I will raise funds to travel to Japan in the distant future. Even when I went to Osaka, I remember that I exchanged money in the mid to late 900 won, but the current yen is a good exchange rate to go to Japan. lolI really love watching the night view. The night view from the Rock Pearl Center in the U.S. was the best, but the night view of Osaka from Harukas 300 was also good. I was waiting for the day when I went to Japan someday.
