Jun 26 2016, 04:22 PM
QUOTE(AVFAN @ Jun 26 2016, 03:46 PM)
yen is the "safest" major currency; japanese bonds are where everyone goes to buy when there is panic.
usd is not as "safe" since the fed is now pressured by brexit to dump rate hike plans this year, may even cut rates next year for qe4.
euro is even less safe as brexit will now prompt holland, sweden and denmark to mull exit too.
overall here, usd is probably still the best currency to hold in the near term as it is more fluid and easy to buy/sell.
at this time, rm has nothing to drive it higher.
except rising oil price.
and oil price just dropped 5%, likely to drop further.
becos pre-brexit, most investers/traders bet on bremain and drive stocks/commodities/crude prices higher.
now, they are reeling from the shock, come down to earth to face oversupply and strong usd pressures again.
anyway, don't let a slightly higher spending spoil your the holiday.
The Japan tour is a family trip and the Yen bought is not much just for add'l expenses on top of tour package. But USD wise will have greater impact due to amt involved.usd is not as "safe" since the fed is now pressured by brexit to dump rate hike plans this year, may even cut rates next year for qe4.
euro is even less safe as brexit will now prompt holland, sweden and denmark to mull exit too.
overall here, usd is probably still the best currency to hold in the near term as it is more fluid and easy to buy/sell.
at this time, rm has nothing to drive it higher.
except rising oil price.
and oil price just dropped 5%, likely to drop further.
becos pre-brexit, most investers/traders bet on bremain and drive stocks/commodities/crude prices higher.
now, they are reeling from the shock, come down to earth to face oversupply and strong usd pressures again.
anyway, don't let a slightly higher spending spoil your the holiday.
Anyway not going to be affected much no matter how much RM drops. Life goes on.
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Talk about gut ? 
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