Reported 12 months ago
As the Bank of Japan maintained loose monetary policies, the Japanese yen continued to weaken against major currencies due to sluggish economic growth and reduced foreign investments. A netizen shared their experience of regularly exchanging Japanese yen through a mobile internet banking service, only to keep hitting new lows. Frustrated, they decided to switch to buying US dollars instead, surprising many who felt it was a counter indicator. The post sparked various comments and advice from other netizens on currency exchange strategies.
Source: YAHOO