Still in negative territory:
Still stone cold dead:
Exporters have serious clout over there.
Intervention on their behalf would be no surprise:
Japan exporters stand to take nearly $10bn hit from rising yen The yen’s sharp appreciation threatens to undercut profits at major Japanese exporters by more than 1 trillion yen ($9.37 billion) this fiscal year, outweighing any benefits of a stronger home currency for some companies, estimates by The Nikkei show.
Even at exchange rates of 110 yen to the dollar and 125 yen to the euro — levels on which many companies are basing their fiscal 2016 earnings estimates — 25 of the country’s biggest exporters, including Toyota Motor and Komatsu, would see their combined operating profits fall 1.14 trillion yen on the year owing to currency movements alone.
The post China, Redbook retail sales, UK manufacturing, yen comments appeared first on The Center of the Universe.
