Japan’s Yen Intervention Stopped At 79.19 By Word Play

Japan is reported to begin Yen intervention today. But after the initial US dollar surge, Yen stalled around 79.19 against 1 US dollar over 3 hours. In early afternoon trading in Tokyo, the dollar was holding steady at around 79.19 yen, but it remains to be seen how long an impact the intervention will have.… Continue reading Japan’s Yen Intervention Stopped At 79.19 By Word Play

Apple Lowering iPhone App Store Prices For Yen: 115 becomes 85

Japanese Yen has been staying high against US dollars, especially last year. Apple finally thinks its 115 yen(US$1.45) is too much for $0.99 apps. @kokubucamera reported [J] that all 115 yen iOS apps are now sold at 85 yen, which is $1.08 on today’s rate, about 26% discount this morning. 230 yen app is now… Continue reading Apple Lowering iPhone App Store Prices For Yen: 115 becomes 85