Daily News | Disappointing US data sends Japan tumbling

We are nearing the end of this week in global binary options trading, but that should not deter you from making the wisest choices possible, do not let the ever diminishing amount of time make you make a foolish decision! With our help, you will be informed about the most important stories of the day, starting with the Japanese yen. From Monday to Tuesday, the currency rose from $0.00880 to $0.00882. Overall, it seems that Japanese stocks dropped yesterday, with financial stocks underperforming due to lower US yields. The Nikkei shares average dropped 0.5% to 19,814.88. The Topix indicator also lost 0.5%. These drops happened overall because of the week US data, so that is why we shall take a look at the shape of the US economy and the dollar. In the same timeframe, this currency dropped from €0.9107 to €0.9034. These disappointing indicators were further darkened by Ford planning on cutting more than 1,400 salaried jobs in the States and abroad. The automobile manufacturer does not, however, plan on cutting hourly workers or production. They will in fact be offering financial incentives, as well as generous retirement offers. We will continue to look at US data tomorrow on the final day of trading, so stick with us!

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Author: Max Rothstein

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