Do you think the dollar will get weaker against the yen or stronger?

Question

I got a ton of yen sitting around I need to unload at a decent rate. 107 is too high. It hit 96 earlier this year; any FX junkies have any predictions? Thanks!

Answer 1

Hi Jennifer,

The USD seems to be trading in a tightening range. At the moment, the dollar is gaining against the yen. If you want a higher exchange rate for your yen, wait a few more months.

Hope this helps.

- Jim http://jsforex.blogspot.com

Answer 2

right now, the dollars seems to be growing in value.

you might want to unload now before it goes to about 120 in 6 month or wait till it goes back down in about 3 years.

use the money to buy some gold... gold prices are inverse to dollar value.