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© KYODOTokyo stocks plunge, yen surges amid rising Middle East tensions
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ifd66
Indexes of capitalism and the foundation of much of what is wrong in the world - greed, corruption ....
Numan
LOL! Thanks Trump!
indigo
the stock market is manipulated by the fake printed money injected by GOV. like the morphine , they try to keep the economy zombie alive. Tic-Tac...
No Business
Awesome. I can pay off my student loans a little bit quicker whenever JPY gains against GBP.
Madden
So what, currency rate is always changing, it was around 105 in the summer and it's already recovered to the 108s apparently. Unless you're playing the FX game the daily rate makes no impact on anyone's life.
TheRat
There may not be much a stock market left after WW3, after Grumpy bombs those 53 sites (cultural too) and the rest of the Muslim world goes ape-crap on us.
wtfjapan
And this is not just because of the US-Iran tensions!
yep that not so easy , "easy to win" trade war with China is certainly playing its part.
must be Obama's fault!?
since1981
As usual, blame USA when it goes down and praise Abe when it goes up.
Blacklabel
Buying opportunity.
quercetum
When Trump withdrew the US from the Iran nuclear deal in 2018, he justified his unilateral action by saying the accord was flawed, in part because the major restrictions on Iran ended after 15 years, when Tehran would be free to produce as much nuclear fuel as it wanted.
So now Iran is free to produce as much as it wants after a few years. Good one but probably by design.
indigo
refill your car tank tonight for prevention. make water and food stock as well.
just a kind advice.
Cricky
But Abenomics promised a shining future for all....what happened? Where's his beautiful Japan. Have I been duped? I'm at a complete lose. Was going to cry on a shoulder but due to my wage being so pitiful + 10% tax can't afford that, I will just have to chew on my wrist.
Brian Wheway
@citizan smith, oh yes it has. its dropped from 147 down to 141 yen to the pound from the other day
Alex Einz
drop the dollar !
fxgai
Depends in one’s definition of smart. Short term speculation is not easy.
Long term, I like a simple approach of buying something like the S&P 500 at a constant rate overtime. I don’t like Japanese stocks much, given that they are half their all-time highs, whereas US stocks actually go up over time historically.
It’s easier to make truckloads just mindlessly buying US stocks, than by Japanese stocks.
And who’d have thought gold futures would be hitting all time highs at the Tokyo Commodity Exchange? Kuroda’s monetary shenanigans might deserve some credit for that.
JeffLee
Geo-political events are usually only short or medium term. Better to look at earnings outlooks, govt and BOJ policy guidance and macro fundamentals.
In case you didnt read the story, the yen is one of the world's most coveted currencies right now, hardly "fake."
And there is no "printed money" by the government. The BOJ electronically credits financial institutions' accounts in its money creation, and if it didn't do that, there wouldn't be much money around, and you'd all be complaining even more.
TARA TAN KITAOKA
No cash moving is actually no money around, only numbers. Who are these people trying to kid ??? themselves ???.
ulysses
Well at least oil prices are up, the Saudis and Russians must be happy.
Donny sure is loyal to a fault, just not to his own country!!
Nippori Nick
Huh?
Top Oil producing countries:
United States. Production: 17,886,000 bpd. ...
Saudi Arabia. Production: 12,419,000 bpd. ...
Russia. Production: 11,401,000 bpd. ...
Canada. Production: 5,295,000 bpd
mike1492
Buy, buy, buy!
ulysses
Isnt oil exporting countries more relevant here!!!
Duh!
Nippori Nick
Not at all. If you use it domestically it still is worth X per barrel. If the price goes up, you can charge more for it (and thereby make higher profits) Does not matter who buys it, the money is earned either way.
Duh, you say?
ulysses
Thats not a very bright statement, I suggest you leave economics to the economists.
Do you understand what export means and how it benefits the country 'exporting'?
And as I said Duh.