The strengthening yen may have sent Japanese shares into a swoon, but it isn’t clear how much companies need to worry about whether a stronger currency will take a bite out of profits.
The yen has strengthened around 4 percent against the U.S. dollar so far this year, potentially frustrating expectations the Japanese currency might weaken substantially further.
So far, earnings reports for the just completed quarter appear to be mostly in line with or above expectations, but as the yen strengthens, some are concerned about whether the strong performance can continue.
Content is for general information purposes only. It is not investment advice or a solution to buy or sell securities. Opinions are the authors; not necessarily that of OANDA Business Information & Services, Inc. or any of its affiliates, subsidiaries, officers or directors. If you would like to reproduce or redistribute any of the content found on MarketPulse, an award winning forex, commodities and global indices analysis and news site service produced by OANDA Business Information & Services, Inc., please access the RSS feed or contact us at info@marketpulse.com. Visit https://www.marketpulse.com/ to find out more about the beat of the global markets. © 2023 OANDA Business Information & Services Inc.
Latest posts by marketpulsefxstaff (see all)
- Oil Remains Near Multi-Month Lows - 6 August 2015
- U.S. Dollar Higher on Recent Data - 6 August 2015
- Greece’s PM Tsipras: Loan Deal with Lenders Close - 6 August 2015