Why will the Japanese Yen weaken dramatically by July 2011?

Question:

After studying Japanese yen to United States dollar exchange rate forecasts on Forecast.org, I found out that the Yen to USD will weaken from 81 to around 91.9 on average.

Is this due to the amount tourism in Japan during the months of summer.

The yen will ten strengthen after July 2011.

Is this a reliable prediction?

Answer:

My co-worker has a degree in economics, and he says the yen will continue to strengthen. Basically, what the other guys said -- Japanese companies will be changing their dollars into yen to help rebuild back home, and also there's all the charity flowing into Japan -- buying yen and making it more precious.

At the same time, a lot of countries are trying to weaken the yen. So, if their efforts work, I wouldn't be surprised if the yen is about 90/dollar. That's where it was, approximately, before the earthquake. Don't forget, though, if the US economy sucks anymore, the dollar is going to weaken, and everything else will look good.

Exchange students have it good; when I was an exchange student, I think we were allowed to work 20 hours a week . . . so if you work, you'll be getting your money in yen. If you can save any of it, and send it home, you'll have some bucks!