NTDTV
Market Report – Yen Surges Hits Nikkei
(NTDTV)
In today’s market report… the yen rose to a near 8-month high against the dollar, pushing the Nikkei below the 10,000 mark.
Japan’s finance minister reportedly said current exchange rates are not anything strange, hinting that government intervention was unlikely.
In the wake of the German election, the euro also climbed to its highest against sterling since March.
The Nikkei’s slide to a 2-month low, led by exporters like Honda, was broadly reflected across the region as concerns about U.S economic strength in Asian markets.
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