Steven Towns on Japanese exporters and the weak yen
June 25, 2007
By Ken Worsley
With the yen recently hitting all-time lows against the euro and trading at its lowest levels since December of 2002 against the dollar, one has to start wondering what effect this will have on Japan’s large exporters. Seeking Alpha’s Steven Towns has done just that in an article published today entitled “Japanese Exporters Look Poised to Profit from Weak Yen.”
The article takes a look at “nine ‘blue chip’ exporters with ADRs trading on the NYSE/Nasdaq” and stresses, “It is hard to say if the expected gains from forex have been factored into their stock prices.”
Anyone have any thoughts on how share prices might be/have already been affected?
Filed Under Equity Markets, Exchange Rates, Forex
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Are the markets that efficient? No way. There’s bound to be jumping when announcements are made, but will it be in the right direction. I think that’s the question to ask.
I’m apt to say the funds have figured it in and have more definite positions, and that fewer of the individual investors have done their homework.
John,
Care to tell which way you’ll be randomly guessing on those jumps?
“Brentwood”,
Nope.