Darrel Whitten

More Downside for Nikkei 225 as Yen Appreciates Further

SplitAces;

Since the yen is only strong against the falling US dollar, profits of companies with high export exposure to the US would be hit the worst--both from falling US demand and a strong yen. That includes automobiles and consumer as well as industrial electronic companies. In terms of general sectors, that means automobiles and electronics. However, since both are major drivers of total Japanese profits, aggregate Japanese profits will also be hit.