Can someone tell me? #YenBased

リエンキ・エンリル OP : I don't understand even if I look it up crying
Is the appreciation of the dollar and the depreciation of the yen disadvantageous to the 1540 yen mark?
What happens when the dollar depreciates and the yen appreciates → the 1540 yen mark?

日々勉強 : It ostensibly doesn't matter
That's why there are people who buy from overseas
If the yen appreciates, overseas investors will sell it, so it will be cheaper.

Well, this is like the last bastion of assets, so when it crashes, everything goes down, but it's still hard to go down here.

ひろキング : Since people all over the world trade in dollars, the price of gold is usually influenced by the movement of the dollar itself. Basically, if the value of the dollar goes up, the price of gold goes down. Therefore, whether you buy it in yen or dollars doesn't matter. The chart of gold futures is based on the dollar, so if you look at it based on that, even if gold is rising, it may be offset by a stronger yen direction, causing the price of gold to fall when viewed in yen terms. This may lead you to think it's unfavorable, but it's just that 1540 is the yen-denominated chart for gold, so there's no advantage or disadvantage.