Severe yen depreciation
The depreciation of the yen is accelerating.
Due to the Bank of Japan’s subtle corrections, the yen depreciated to around 150 yen per dollar.
Mexican peso yen is 8.45
South African rand yen is 8.12
Turkish lira yen is 5.28
*Dated 11/2
The Rand has been rising for the first time in a while!
Is it because of the trade balance or rugby?
Personally, I’m concerned about the Turkish lira, which seems likely to be raised again in the next Turkish central bank policy rate.
Recently, I have been frequently asked about the Egyptian pound yen.
The Egyptian pound is moving due to currency devaluation, so it is moving like the Turkish lira, where interest rates are high as it continues to fall.
However, because the yen is too weak, the Egyptian pound is rising for some reason.
How weak is the yen?
Personally, the one that is stable is the Philippine Peso Yen. It doesn’t shake at all. It’s stable.
Overseas real estate also has the advantage of being able to invest directly in the local currency, which cannot be done with FX.
If FX is a Japanese securities account, it will need to be declared in Japan.
Since Egypt and the Philippines are non-CRS member countries, it is possible to keep assets directly overseas.
Folks, it is no longer meaningful to put your assets in the yen. .
Protect your assets by scattering them overseas!