ALL INPredictions
Last updated Nov 29, 2025
Prediction
Sacks
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Sacks @ 00:18:40Right
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From August 2024 onward, the USD/JPY exchange rate will continue to move in favor of the US dollar, rising above the then-current ~147–150 yen per dollar level to a meaningfully higher rate (i.e., further depreciation of the yen against the dollar) over the subsequent months/years as long as Japan maintains near-zero interest rates.
So what I would expect is that the US dollar is going to keep buying more yen. It's going to go from, I don't know, 147 150. There is one some bigger some bigger number.View on YouTube
Explanation

At the time of the prediction in early August 2024, USD/JPY was around 146–147 (for example, 1 USD = 146.67 JPY on 9 August 2024).(exchange-rates.org) Over the following weeks the yen actually strengthened for a time, with the rate falling toward 141–143 and reaching a 2024 low of about 140.66 per dollar in mid‑September.(exchange-rates.org)

However, over the subsequent months and into 2025 the medium‑term direction matched the prediction: USD/JPY moved well above the 147–150 area, trading above 151 by late October 2024 and around 153–155 in November 2024, and ending 2024 near 156–157.(exchange-rates.org) In 2025 the pair reached highs around 158–159 (for example, 158.35–158.87 in January) and has mostly traded above 150 in late 2025, with recent levels around 155–157 yen per dollar and a six‑month gain of roughly 9–10% for the dollar versus the yen.(exchange-rates.org)

Japan did begin raising policy rates in 2024–2025, bringing the Bank of Japan's short‑term rate to about 0.5% by January 2025, but this still left Japanese rates far below U.S. levels and the yen remained structurally weak.(cnbc.com) Overall, from August 2024 to late 2025 the U.S. dollar does indeed buy meaningfully more yen than at the time of the podcast, so the prediction about further yen depreciation against the dollar has been borne out in broad terms despite interim fluctuations.