Nikkei React News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Happening so far this week since monday, march 14th. the lower the line, the stronger the yen is to the dollar and it's been gradually getting stronger throughout the week and then you see this big dip which symbolizing a big surge in the yen. now, this happened at around 4:00 to 5:00 p.m. eastern standard time wednesday, early thursday morning. this is when the yen surged. we've spoken to several experts and asked why this happened. they believe this happened because many investors had taken high dollar yen positions and that means when the yen strengthened to that important 80 yan mark i jus...

Japanese companies sell most of their products overseas. when they bring the overseas earnings back home and convert them into yen, a weaker yen means they make more in profits. now i want to show you what's been happening this entire week since monday, march 14th. now the lower the line, the stronger the yen is to the dollar. and it's been gradually getting stronger throughout the week. then take a look at this dip right here. that huge dip. that was at around 4:00 to 5:00 p.m. eastern standard time which is overnight in asia. that is when the yen just surged. now we have spoken to several ex...