SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Strategies & Market Trends : JAPAN-Nikkei-Time to go back up?
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Hawkmoon who wrote (2075)9/22/1999 5:58:00 PM
From: Professor Dotcomm  Read Replies (1) of 3902
 
I think you hit the nail on the head. The recent fluctuations - and even perhaps most of the Nikkei strength this year has come from foreign investment - and this money is notoriously nervous of the exchange rate. I have calculated that on a given day a one yen change is equivalent to 250 points on the Nikkei - but the Topix may give another differential.

Until retail consumer stocks take off the Nikkei will be a shuttlecock bouncing around on the Forex and on the fortunes of the Dow itself.

Nevertheless, I am sticking by my forecast of 20,000 on the Nikkei by the next Japanese new year next May.

As an afterthought, I do not think that an adverse exchange rate hits exporters for at least 12 months. On the contrary, it could actually help them as importers increase orders to 'lock in' margins.
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News