Japanese yen weakens to 160 against the USD since 1990

Re:Japanese yen weakens to 160 against the USD since 1990 by somenameforme on Monday April 29, 2024 @04:26AM (#40195919)

On the linked graph, be sure to expand the date out to "all" or at least the past year. It defaults to a 3-month window, which obviously misses the impact, since the blockade began more than 3 months ago. Not only has the threat not been reduced whatsoever, but there are substantially fewer ships traversing the Suez today than when the US began its air strikes! The nice thing about this military intervention, relative to most, is that the results are objectively and quantifiably measurably.

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Re:Japanese yen weakens to 160 against the USD since 1990 by JumpCrisscross on Monday April 29, 2024 @09:45AM (#40198279)

> Not only has the threat not been reduced whatsoever, but there are substantially fewer ships traversing the Suez today than when the US began its air strikes

I am seeing statistically fewer strikes on friendly ships after the intervention versus before. And less oil-price volatility. The goal wasn’t to bail out the Suez, it was to calm markets—ships circumventing the Red Sea does that as cleanly for American purposes as the Houthis packing up.

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Re:Japanese yen weakens to 160 against the USD since 1990 by somenameforme on Monday April 29, 2024 @12:25PM (#40200456)

Hahahah, you're something else buddy. No, obviously the goal of "Operation Prosperity Guardian" was to "end the blockade and counter threats by Houthi forces against international maritime commerce in the region." [1] Ships could happily sail around the entire African continent without a multi billion dollar military operation and invasion. "The region", the Red Sea, is an area you have to purposefully seek out and sail into during this voyage.

Obviously there's been less strikes, because the blockade has been completely successful, meaning Israel linked ships aren't even trying. What was probably tens of billions dollars wasted trying to stop it has been a complete failure and waste of money, like usual.

[1] - https://en.wikipedia.org/wiki/Operation_Prosperity_Guardian

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Re:Japanese yen weakens to 160 against the USD since 1990 by JumpCrisscross on Monday April 29, 2024 @12:57PM (#40200939)

The Houthis’ effects on global shipping markets, specifically prices, has ended. Their effect on oil prices has ended. Their technical capability to target ships has degraded to the point that they’re potting Iran’s allies all while their firing rate is markedly down. They were a front-page nuisance, now they’re another regional mischief.

Some won’t be happy with anything short of America removing the Houthis from power entirely, but fortunately there are adults in the room who know when to call a win.

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Re:Japanese yen weakens to 160 against the USD since 1990 by somenameforme on Monday April 29, 2024 @01:12PM (#40201153)

Lol, no it hasn't. Shipping rates are about twice what they were before the blockade started. [1] The actual cost for Israel linked ships is of course far higher - that table just gives you an average global shipping price index, which the Israeli linked ships alone have sent skyrocketing. Even oil is indeed up, though it was never a motive to begin with.

You are literally just making up random things to try to convince yourself of what you want to believe, to the point I can't even tell if you're being serious.

[1] - https://www.drewry.co.uk/supply-chain-advisors/supply-chain-...

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