Monthly Financial Snapshot: August 2024
The yen continued to strengthen a bit this month, with the USDJPY rate dropping from 149 to 146 at the end of August, which is a 2% change. This was larger than my portfolio gains this month, which meant that my net worth dropped in JPY terms, even while rising in USD terms. This is the second month in a row that this phenomenon has happened, and while I do completely understand the mechanism behind it, it’s still a bit unsettling to see....