Do you want to exchange money into Japanese yen or do you want to exchange Japanese yen back?

In recent times, the yen has appreciated very much, from the perspective of those of us who speculate in foreign exchange. There is considerable pressure for the yen to depreciate in the short term (within a week or two). So, if you hold the yen now, you might be at a loss. This refers to the situation of switching back within a week or two.

If you want to hold it for a long time, such as one year, it is not recommended to hold the Japanese yen. Because the current economic and political situation in Japan is not optimistic. We don’t know when Shinzo Abe will step down or the economy will slump. Despite the introduction of Abe's so-called three arrows, the economy is actually still declining. It is not ruled out that more stimulus measures will be introduced in the future to promote the depreciation of the yen. If you want to invest, you can invest in a currency that makes you feel at ease.

If you currently have Japanese yen in hand, there is no need to rush to exchange it back. Because judging from the mid-line trend, the Japanese yen should appreciate further after a correction of one or two hundred points. Just pay close attention to news related to Japan in the past few months. It is recommended that you search online: Bank of Japan Governor, Abenomics. If they think the exchange rate is too high and it affects the economy, then you should sell the yen as soon as possible.