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Topic

Yen Accounts in the U.S.

Question
#1
  • Yen
  • mail
  • 2023/06/05 14:02

I think there was a previous topic about yen-denominated deposit accounts in the US, but I can't find it.

When I send money from Japan, it is deposited in dollars when it is wired to my bank here.　There used to be a yen-denominated account at Union Bank, but it seems to be gone now.　2 ～ Is there any Yen Account that can be maintained with a balance of less than $30,000 ？?

This text has been translated by auto-translation. There may be a slight difference between the original text and the translation. (Original Language: 日本語)

#16
  • 🥧
  • 2023/07/01 (Sat) 22:04
  • Report

Topix: You have yen and don't want to convert it to dollars right now, so you want to know if you can open a yen-denominated account. I also have tens of millions of yen, but if I change it to dollars now, it will lose a lot of value. I think that once the aftereffects of Corona are over, the current depreciation of the yen will be somewhat better, so I intend to keep it in yen until then. If you have dollars, you might as well buy yen. Both of these assumptions are based on the assumption that the yen will recover. Well, if you think the yen will recover, you can short dollar-yen on FX.

This text has been translated by auto-translation. There may be a slight difference between the original text and the translation. (Original Language: 日本語)

#17
  • 振り子の原理
  • 2023/07/02 (Sun) 01:24
  • Report

With the yen at a record low, $100,000 is converted to 14,000,000 yen.
The yen appreciates to 100 yen per dollar, and when you convert it back to dollars, it becomes 140,000 dollars.

What's with the self-destruction ？ lol
You have zero sense, so be quiet.

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#18
  • 昭和のおとっつぁん
  • 2023/07/02 (Sun) 06:48
  • Report

Do you have tens of millions of yen in cash in a cash reserve for emergencies ？?

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#20
  • Yen
  • 2023/07/02 (Sun) 12:55
  • Report

My reason for wanting to have a yen account is similar to #16, "I don't want to convert it to dollars right now." Because when money is transferred from Japan to my bank here, it's very diminishing.　I think people who receive pensions from Japan feel the same way.

I don't know if the current rate is a record for those who know the days when the dollar was 190 yen, but I am thinking of buying yen now and waiting ＜ all the way to a stronger yen ＞.　

I am hesitant about Wise because it appears to be for small amounts and does not appear to be FDIC eligible.

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#21
  • 昔話
  • 2023/07/05 (Wed) 16:09
  • Report

↑
More, back in the day $ 1=360 yen.

This text has been translated by auto-translation. There may be a slight difference between the original text and the translation. (Original Language: 日本語)

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