I'm a UK citizen and I'd like to open an account in Japanese Yen but for small savings amounts (<£5k) How/Who?

Question

I think the Yen has a chance of appreciating against the GBP over time but is there a cheap and easy way to do it? If I had a Yen account, would the money still be quickly obtainable? I'm 29 y-o and I'd like to gradually build up my savings so would this be an efficient way to do it? Many thanks for any help.

Answer 1

i think u should sell the Yen, gbp was in correction way from august 2007 to march 2008. i think gbp will rise soon in couples of months. but there are some resistance to break and supports to guard, we&#039;ll see whats gonna happen. visit my blog okay, message me there.....maybe i can help u, www.gbp-usd.blogspot.com

Answer 2

www.etrade.com Global Account and www.everbank.com Japanese Foreign Currency CD.

Answer 3

No need to find a japanese broker to handle your investments. If you want to speculate on the strength of the japanese yen, all you have to do is go to oanda.com and open an account.

What&#039;s great about it is that you can monitor your account in real time right in the comfort of your own home. If you are not that familiar with foreign exchange trading, try looking into a managed forex account.

I wish you the best!

Jim http://jsforex.blogspot.com

Answer 4

no harm in trying m8 good idea have a chat to your local bank and get some advice from the professional money investors hope this helps