It seems like a good time to buy Yen.
- 2022 Q1 inflation in Japan was .54%
- 2022 Q1 inflation in the US was 7.9%
The inflation rate is 14.6 times higher in the US than Japan right now.
Wouldn't it be a good time to move US $$ into Yen? The exchange rate is shockingly low. At that rate, buying products and living in Japan is a steal. I know people think Japan is so expensive, but it really isn't outside of Tokyo.
If inflation is racing over here, and almost non existent over there, and Yen is very cheap to buy right now, wouldn't it make sense to convert US $$ into Yen over the next year and see where it goes? Yea…I'm sure the Yen could crash further, and trading currency has got to be one of the more risky volatile things to trade in, but it sure looks like it's buy time on the Yen to me.
I also think this: Japan is starting to open up to the rest of the world. I would imagine their sagging economy gets a boost over the next year or two. Or will it also go inflationary as the US has and the Yen dropping in value relative to the dollar is in anticipation of that? Hmmmm…..
I'm thinking of DCA over the next 2 weeks into Yen. I bought my first batch today.
Thoughts?
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