Yen Investment?

Does the Japanese Yen a good currency to buy now? I am reading on various sites that it may increase in value over US Dollar soon. Any comments?

if i were you, i would not.

finally, the BOJ keep its benchmark interest rate at 0.25 percent (jan19,2007).
here was what they said "the BOJ appeased politicians arguing the economy is too fragile to withstand higher borrowing costs. "
(not thing surprised me.)

the japanese Gov is one of the biggest currency modifier in asia after china. they will never let their currency sky.
the country is heavily depended on good export especially to the USA. the lower their currency is the better their big export company will get. (look at Toyota)

those big export base companies has a lot of influence over the Japaneses government. no wonder we are seeing the J Gov keep pressure BOJ to postpone its benchmark interest rate high.
you should know that yesterday was not the first time.

they are pointing their finger at china but then when it come to their term they keep saying those ******* s-h-it to postpone the rate high, "just to keep it currency value low" which help its exporter.

don't waste your time and money on yen now.

Hi.

If Bank of Japan on Thursday will change rates from 0.25 to 0.5% as is forecasted then possible increase of JPY. In the case if rates remain won't changed then yen should fall.
But in other way it is possible that market is already counted it.

If you are trader then any way it is worth to place stop orders in before BOJ rates will be anounced

Good luck