What does it mean if the US dollar is said to be strong compared to the Japanese yen?

A strong yen refers to a state where the relative value of the yen against other currencies is high. In other words, when the yen is strong, more units of other currencies can be exchanged per unit of yen.

What do you think is the real problem why the Philippines peso has a lower value in the market?

The Philippine peso dropped to its lowest level in more than a year amid rising volatility and a spike in imports and oil prices. Mapa also suggested the currency could find some support if a significant amount of proceeds from a recent $3 billion sovereign bond sale are converted into pesos.

Is Japanese yen stronger than U.S. dollar?

“ What factors makes Japanese yen more stronger compared to US dollar?” None. JPY is not stronger than the USD. It’s weaker. 1USD = 110 JPY approximately.

Why is Philippine peso so strong?

Arguably the biggest factor behind the peso’s recent strengthening is the anemic demand for imports. When Filipinos lost their jobs and incomes because of the pandemic, they refrained from buying stuff from abroad. This dampened the total demand for dollars that can be used to pay for such imported goods.

Why is Philippine peso strengthening?

The local currency is likely to strengthen, according to MUFG Bank Ltd. analyst Sophia Ng, because “economic activity will remain crimped in the near term with the modified enhanced community quarantine in Metro Manila and surrounding provinces extended until 7 September for now due to a surge in Covid- 19 cases.”

Why is everything compared to the US dollar?

Currencies always trade in pairs because the value of each currency is measured against that of another currency, yielding a rate of exchange for the currency pair. Furthermore, most currencies have been primarily traded against the U.S. Dollar for historical reasons described in further detail below.