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The Yen has bounced around ¥100 to $1 since the early 90's. I've had a completely unfounded theory about it for years that the tighter two economies are linked
by donatj 4y ago
The Yen has bounced around ¥100 to $1 since the early 90's.
I've had a completely unfounded theory about it for years that the tighter two economies are linked, the more likely this is to happen. People dealing in both being more willing just to round one way or the other bringing it into some sort of homeostasis due to simpler in-head math.
- aidenn0 4y agoUntil recently. it's been over ¥130 for a while now; at least some of my digial purchases are denominated in yen, so I've noticed the dollar strengthening.
- jedberg 4y agoThe CAD/USD pair would be a counterexample to your theory. Our economies are pretty strongly linked, and usually CAD is about .75 USD, but it's gone as low as .60 and as high as 1.05 (although interestingly it almost always heads back down if it hits 1.0).