It's time to back the yen, says Dominic Frisby

The Japanese yen has been weak for a long time. That may soon change.

Close-up of yen sign over gold colored background
(Image credit: Getty Images)

I can’t help thinking there are some real opportunities coming in the yen. The currency has been extremely weak for a long time. Against the US dollar, it is at lows not seen since before the turn of the century. 

We all know what a rotten currency the pound has been. Inflation has eroded a third of its purchasing power since 2020. A third! Against the constant that is gold, it has lost 90% of its purchasing power since 1999. And yet against the yen, the pound is at seven-year highs, not far off the levels seen before the global financial crisis in 2008. In those days a pound bought you two dollars, instead of the $1.21 it gets you today. 

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Dominic Frisby

Dominic Frisby (“mercurially witty” – the Spectator) is as far as we know the world’s only financial writer and comedian. He is the author of the popular newsletter the Flying Frisby and is MoneyWeek’s main commentator on gold, commodities, currencies and cryptocurrencies. He has also taken several of his shows to the Edinburgh Festival Fringe.

His books are Daylight Robbery - How Tax Changed our Past and Will Shape our Future; Bitcoin: the Future of Money? and Life After the State - Why We Don't Need Government

Dominic was educated at St Paul's School, Manchester University and the Webber-Douglas Academy Of Dramatic Art. You can follow him on X @dominicfrisby