Bad News..... prices are going up , at least short term
- GamblerHydra
- Pro Angler
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Bad News..... prices are going up , at least short term
The bait monkey just got lighter.
We just went from a brief stop at 121 monday to a slide down to 116.15. PayPal"s Exchange Rate as of Dec. 16, 2005: is now 1 U.S. Dollar = 113.187 Yen .
Dec. 16 (Bloomberg) -- The yen headed for the biggest weekly gain in six years against the dollar on speculation the Bank of Japan is moving closer to ending its zero interest-rate policy.
One analyst said the yen may gain to 105 per dollar by the end of next year.
The yen forged a six-week high against the dollar on Thursday, as investors took profits on bets against the currency before the year end.
The U.S. currency‘s decline wedneesday was its steepest against the yen in a single day since March 2002. It began after the Federal Reserve on Tuesday dropped the word "accommodation" from its policy statement, interpreted by some as a signal that its 18-month credit-tightening campaign was nearing an end.
Japanese investors, wary of increasing their already significant exposure to the US dollar, had been borrowing at virtually zero interest rates in yen and recycling the money into gold. But when the US dollar this week suffered its biggest one-day fall against the yen in four years, they were forced to liquidate those positions.
Analysts said they remained bullish on gold longer-term, though some were wary of more selling by investors in Japan on Friday and in the run-up to year-end.
Analysts say there could be more sales to come from Japan as investors were unable to offload as much as they wanted due to daily price limits set by the Tokyo Commodities exchange
If Americans continue to buy more foreign goods and services than U.S. businesses can sell overseas, the flow of dollars leaving the country will increase and if foreigners do not invest heavily in U.S. assets, the greenback‘s value will fall.
Technical analysts said the dollar was definitely due for a correction after rallying more than 10 percent this year against major currencies.
"The long-awaited downside correction in the U.S. dollar is now underway, and appears likely to continue for the near-term due to extreme institutional and retail investor sentiment readings and unmet minimum measuring objectives based on the greenback‘s breakdown earlier this week," said John Kosar, president of Asbury Research.
We just went from a brief stop at 121 monday to a slide down to 116.15. PayPal"s Exchange Rate as of Dec. 16, 2005: is now 1 U.S. Dollar = 113.187 Yen .
Dec. 16 (Bloomberg) -- The yen headed for the biggest weekly gain in six years against the dollar on speculation the Bank of Japan is moving closer to ending its zero interest-rate policy.
One analyst said the yen may gain to 105 per dollar by the end of next year.
The yen forged a six-week high against the dollar on Thursday, as investors took profits on bets against the currency before the year end.
The U.S. currency‘s decline wedneesday was its steepest against the yen in a single day since March 2002. It began after the Federal Reserve on Tuesday dropped the word "accommodation" from its policy statement, interpreted by some as a signal that its 18-month credit-tightening campaign was nearing an end.
Japanese investors, wary of increasing their already significant exposure to the US dollar, had been borrowing at virtually zero interest rates in yen and recycling the money into gold. But when the US dollar this week suffered its biggest one-day fall against the yen in four years, they were forced to liquidate those positions.
Analysts said they remained bullish on gold longer-term, though some were wary of more selling by investors in Japan on Friday and in the run-up to year-end.
Analysts say there could be more sales to come from Japan as investors were unable to offload as much as they wanted due to daily price limits set by the Tokyo Commodities exchange
If Americans continue to buy more foreign goods and services than U.S. businesses can sell overseas, the flow of dollars leaving the country will increase and if foreigners do not invest heavily in U.S. assets, the greenback‘s value will fall.
Technical analysts said the dollar was definitely due for a correction after rallying more than 10 percent this year against major currencies.
"The long-awaited downside correction in the U.S. dollar is now underway, and appears likely to continue for the near-term due to extreme institutional and retail investor sentiment readings and unmet minimum measuring objectives based on the greenback‘s breakdown earlier this week," said John Kosar, president of Asbury Research.
Last edited by GamblerHydra on Fri Dec 16, 2005 11:07 am, edited 1 time in total.
- Nitroman77
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Re: Bad News prices are going up , at least short term
ouch thats goin to suck. Good thing we have Bill here in the states so we dont have to wait for the Yen to go back up.
THkustoms.com
Dobyns rods
Omega custom tackle
Biospawn
seaguar
phoenix boats
Dobyns rods
Omega custom tackle
Biospawn
seaguar
phoenix boats
- quantum angler nt
- Platinum Angler
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Re: Bad News prices are going up , at least short term
shoot, no more megabass lures for me for a while!
- Lightninrod
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Re: Bad News..... prices are going up , at least short term
Skeet: Bill's costs will go up too................
Re: Bad News..... prices are going up , at least short term
Not necessarily. His prices may be based upon MSRP.Lightninrod wrote:Skeet: Bill's costs will go up too................
- Nitroman77
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Re: Bad News..... prices are going up , at least short term
does that mean I should get the ITo ai now Bill? Either way I want it soo. ... no worries i guess.
THkustoms.com
Dobyns rods
Omega custom tackle
Biospawn
seaguar
phoenix boats
Dobyns rods
Omega custom tackle
Biospawn
seaguar
phoenix boats
Re: Bad News..... prices are going up , at least short term
His prices may be based upon MSRP, but his cost would still be the US dollar to YEN exchange rate and I would imagine he would have to pass the hike on to the consumer. No? He still has to pay his Japanese supplier in US dollars. Being a reseller wouldn't make him exempt from the currency exchange rate.Johnny A wrote:Not necessarily. His prices may be based upon MSRP.Lightninrod wrote:Skeet: Bill's costs will go up too................
I think this was the point Lightning rod was making.
Re: Bad News..... prices are going up , at least short term
Spot on Tonymtonym wrote:His prices may be based upon MSRP, but his cost would still be the US dollar to YEN exchange rate and I would imagine he would have to pass the hike on to the consumer. No? He still has to pay his Japanese supplier in US dollars. Being a reseller wouldn't make him exempt from the currency exchange rate.Johnny A wrote:Not necessarily. His prices may be based upon MSRP.Lightninrod wrote:Skeet: Bill's costs will go up too................
I think this was the point Lightning rod was making.
When vendors own currency drops against the value of the currency he purchases his products in, the said products landed cost rises equally. The only exception of course being products already in stock, purchased when the value of the dollar was on a higher level.
When submitted to currency value drop there is really only two solutions for the vendors, either keep the prices at the same level and decrease your profit or increase the sales prices accordingly.
The reverse situation is of course valid when the value of the US Dollar is rising against JPY.
Re: Bad News..... prices are going up , at least short term
1,00 EUR = 1,20125 USD. (soon 1,30)
1,00 EUR = 138,898 JPY
(it was 153 a few weeks ago...)
1,00 EUR = 138,898 JPY
(it was 153 a few weeks ago...)