Search results
Results from the WOW.Com Content Network
A stronger yen can hurt profits for Japanese exporters, which make sales in other currencies and then convert them back into yen. Toyota Motor’s stock fell 7.6% in Tokyo, while Honda Motor’s ...
United Airlines flew 5.3% higher after it also reported stronger profit for the last three months of 2023 than analysts expected. It made more in revenue from customers in both basic economy and ...
High-flying stocks were cruising on Thursday as China's recent slew of support measures, and reassurances that Japan's interest rates will not shoot up, kept the bulls in charge following the ...
The rise in the current account surplus generated stronger demand for yen in foreign-exchange markets, but this trade-related demand for yen was offset by other factors. A wide differential in interest rates, with United States interest rates much higher than those in Japan, and the continuing moves to deregulate the international flow of ...
[2] [3] [4] As times change, a currency that is considered weak at one time may become stronger, or vice versa; [5] the Japanese yen is a recent example. One measure of hard currencies is how they are favored within the foreign-exchange reserves of countries: The percental composition of currencies of official foreign exchange reserves from ...
1973–1: The yen was weakened during the energy crisis. 1978: The yen was strengthened to 180 per dollar, resulting in the first endaka. 1979–1984: yen remained between 200–250 per dollar. 1985: The Plaza Accord revalued the yen from 250 to 160 per dollar. 1986–1988: yen further strengthened to 120 per dollar, resulting in the second endaka.
A strengthening yen hurts Japanese automakers as cars exported from Japan become more expensive, while it also decreases the value of earnings made overseas. Stronger yen prompts Toyota to trim ...
The basic idea behind indicators is "to buy strong currency and to sell weak currency". If X/Y currency pair is up trend, it can be determined whether this happens due to X's strength or Y's weakness. For the calculation of indexes of this kind, major currencies are usually used because they represent up to 90% of the whole forex market volume. [6]