Formerly About Applied Materials Message Board

STOCKTALK

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.

Politics : Formerly About Applied Materials

AMAT 254.72

+0.9%

Dec 1 3:59 PM EST

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: StanX Long who wrote (61962)	3/13/2002 12:13:13 AM
From: StanX Long	Read Replies (1) of 70976

Yen Weakens for a Second Day on Concern Stock Rally Will Fade By Kanako Chiba and Mari Murayama quote.bloomberg.com Tokyo, March 13 (Bloomberg) -- The yen fell for a second day against the dollar on expectations a five-week rally in Japanese stocks that has also helped the currency won't go on much longer. Japan's currency weakened to 129.41 against its U.S. counterpart, versus 129.04 in New York yesterday. Against the euro it slid to 113.12 from 112.97. It's still Asia's best-performing currency for the past month, climbing 3 percent against the dollar. Traders credited the surge in stocks and the yen mostly to efforts by the Japanese government to increase the value of bank holdings before lenders have to start compiling performance reports when the fiscal year ends on March 31. Japan's Nikkei 225 stock average had its biggest decline in three months yesterday, before climbing 0.1 percent today to 11,621.46. ``This unnatural rally in Japanese shares is getting short of breath,'' said Mitsuru Sahara, a vice president for foreign exchange at UFJ Bank Ltd. ``As the focus shifts to economic fundamentals, the yen is looking more and more unattractive.''

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next