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Stock impact report

Yen Traders See Uphill Battle for Japan to Halt Currency's Slide [Yahoo! Finance]

Nomura Holdings Inc ADR American Depositary Shares (NMR) 
US:NYSE Investor Relations: nomuraholdings.com/investor
Company Research Source: Yahoo! Finance
(Bloomberg) -- Currency traders warned Japan's government that it will need to repeatedly act to buoy the beleaguered yen given economic forces likely merit further depreciation. Most Read from Bloomberg Tesla Soars on Tentative China Approval for Driving System Stocks Trade for 390 Minutes a Day. Increasingly, Only 10 Matter Yen Sparks Intervention Suspicion After U-Turn From 1990 Lows What 60,000 Headlines Say About the Fed's Next Move Elliott Built ‘Large' Stake in Buffett-Favored Sumitomo, Source Says The yen surged suddenly and sharply on Monday in Asia hours, when Japan's markets were shut for a holiday. The move prompted speculation that Japanese officials had run out of patience with its slump and acted on their threats to support it. The currency has weakened roughly 10% this year versus the greenback, the most among Group-of-10 peers, and touched a 34-year low of 160.17 per dollar just before Monday's abrupt rally. The problem for Japanese Prime Minister Fum Show less Read more
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