Daily News | Japanese stocks drop significantly

Another exciting week of global binary options trading is starting, so be sure to stick with us today as we look at the hottest trades! That is why, this Monday, we have decided to focus on the Japanese yen. Although the currency went up from Thursday to Friday (from $0.00895 to $0.00902), Japanese stocks didn’t do so well. The share average of the Nikkei fell on Friday, with tech shares dropping sharply, with investors also being cautious, due to the dollar’s slip against the yen. Specifically, Tokyo Electron Ltd and Advantest Corp, some of the largest semiconductor equipment makers, fell 7.2% and 5%, respectively. The Nikkei as a whole dropped 0.6% to 19,959.84. As far as last week was concerned, it dropped 0.7%. The broader Topix shed 0.4%. Japanese stocks will be closely monitored by us in the future, but we have some news about the euro too, so let’s see what happened there. In the same period, the currency rose from $1.1655 to $1.1755. The governing council member of the European Central Bank, Sabine Lautenschlaeger, said that it would be wise to start thinking of winding down its bond purchases. She did stress that expansionary monetary policies had both positive and negative effects, with risks increasing as time goes on. We will continue to follow both currencies as the week continues, so stick with us!

Daily News | Need a reliable business partner?

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Author: Max Rothstein

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