share_log

US Companies In Japan Wary On Market Intervention As Yen Hits 34-Year Low Vs. Dollar

Benzinga ·  Mar 28 01:59

U.S. commodity exporters and pharmaceutical companies are among the top traders, with Japan casting a cautious eye toward the foreign exchange markets, in the coming days.

Top exporters with significant Japanese interests includeExxon Mobil Corp(NYSE:XOM) andChevron Corp(NYSE:CVX).

The weak yen which, on Wednesday, fell to a 34-year low against the dollar, has been a boon for Japanese exporters, but it makes the country's imports more expensive.

But it's a stable economy with low — almost non-existent — levels of inflation, which make it an attractive investment location for many U.S. companies.

The above content is for informational or educational purposes only and does not constitute any investment advice related to Futu. Although we strive to ensure the truthfulness, accuracy, and originality of all such content, we cannot guarantee it.
    Write a comment