$NVIDIA (NVDA.US)$ [Share Link: Nitori Holdings]Nitori Holdi...
Nitori HoldingsNitori Holdings' chairman Akinorio Nitori stated at the briefing for the April-June 2024 financial results on the 7th that he was finally seeing a significant appreciation of the yen, saying, "The long-awaited yen appreciation has finally arrived. The tide has turned." Regarding the outlook for exchange rates, he said, "The trend of a weak dollar and strong yen is likely to continue for 1-2 years," and elaborated on his theory that "this year will likely progress to the high 130 yen range against the dollar. Next year, it might go to the 120 yen range, and eventually even to the 110 yen range.".
Will the dollar/yen really go down to 110?
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リーマン投資家 : I don't think I'll go. The yen was simply forcibly depreciated due to exchange intervention. The interpretation is that they managed to appreciate the yen by intervening in the exchange rate with “painful and unavoidable measures.” Originally, there is no way that the yen could appreciate this much with just a slight increase in interest rates. There is still a big gap in interest rate differences between Japan and the US. If nothing is done, the yen will continue to depreciate.