For much of this year, Toyota's production was rocked by the Japanese earthquake and tsunami and then later in the year by the rising
value of the Yen against the dollar.
Forget any detour to the showroom.That, of course, must mean rival vehicles from Japan - such as the Toyota 4Runner, Nissan Pathfinder and Isuzu Trooper - are gathering dust in some distant corner.You would think so, based on the fact that the rising
value of the yen against the dollar has boosted Japanese vehicle prices to the point that it doesn't hurt to inhale deeply from the smelling salts before focusing on the window sticker.
During the past two years, the surging
value of the yen against the dollar has given American - made cars about a $ 2,000 price advantage over comparable Japanese imports.
Not exact matches
It is the promise
of «Abenomics» that has seen the
yen shed about 15 percent
of its
value against the dollar since November and Japanese shares surge to their highest level in more than four years.
Although Bernanke denies it, the Fed's money - printing naturally depressed the
value of the greenback
against other important currencies, such as the euro and
yen.
The
yen was firmer
against the U.S. dollar, weighing on the
value of exports.
A recent rise in the
value of the Japanese
yen against the U.S. dollar is adding to pressures on Japanese companies who had reaped record profits as the
yen weakened in recent years, fattening earnings brought back to Japan in
yen terms.
The index hedges
against fluctuations between the
value of the U.S. dollar and the Japanese
yen.
For instance; a trader who believes the US dollar will increase in
value against the Japanese
yen would buy lots
of the currency pair USD / JPY, which denotes the dollar -
yen ratio.
The British Pound has lost 40 %
of its
value against the
Yen recently due to a «credit crunch» and this has hit Sony in the pocketbook, making them less money in their oversea ventures.
Even though the Swiss Franc lost almost a quarter
of its
value against the Japanese
Yen, the currency rallied after finding the bottom.