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Bilifuduo (98.18)

2012 Outlook for the Yen

Recs

17

January 11, 2012 – Comments (0) | RELATED TICKERS: TM , FXY , JYF

While everyone is focused on the European sovereign debt crisis, signs of slowdown in China's economy, and pressing domestic issues, the yen has seen increasing strength, so much so that the Bank of Japan has had to intervene on multiple occasions. However, the yen keeps jumping back up, and this poses a worrying sign for Japanese exporters such as Toyota, which recently announced it was looking to cut its Japanese exports by 200K to 1.5M. Full story below:

http://seekingalpha.com/article/318114-2012-yen-outlook-expecting-strength-from-boj-intervention-gloominess-in-europe

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