Since we are now in a new month, it is time to take a peek at how the U.S. dollar is faring against the Japanese yen in Tokyo trading.
According to the Mainichi Shimbun:
TOKYO (Kyodo) -- Tokyo stocks fell Tuesday, pressured by fears over a trade war triggered by U.S. tariffs imposed on China, Mexico and Canada, while exporters were sold on the yen's brief appreciation.
The 225-issue Nikkei Stock Average ended down 454.29 points, or 1.20 percent, from Monday at 37,331.18. The broader Topix index finished 19.38 points, or 0.71 percent, lower at 2,710.18.
On the top-tier Prime Market, decliners were led by nonferrous metal, securities house and mining issues.
The U.S. dollar briefly weakened to as low as 148.60 yen in Tokyo as the yen was bought after U.S. President Donald Trump claimed that Japan is pursuing a policy to devalue the yen, dealers said. The U.S. currency later rebounded to the lower 149 yen level.
At 5 p.m., the dollar fetched 149.34-36 yen compared with 149.45-55 yen in New York and 150.17-18 yen in Tokyo at 5 p.m. Monday.
To read more, go here.
No comments:
Post a Comment