Weak YEN JPY Boost Japan Nikkei to 5 Years High Friday 10th May (updated) ~ forex trading courses canada
Yen Continues Down Against Major Counter Part
Fridays stock rally of 3 % pushed Japan Nikkei to its highest close in 5 Years and Best weekly closing since 2009. Continues Downtrend of Yen and broke ¥100 important level against USD ( first time since 4 years) caused Nikkei stocks rally. USDJPY Hit 101.65 Mark after closing Friday Asian Market. The weaker Yen boost to earning of Japanese exporters such as Toyota, which reported its net income more than tripled in its most recent fiscal year and projected a 42% rise in earnings in the year ahead. Toyota (TM) shares rose 5% in Tokyo trading Friday.
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