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Tuesday, July 21, 2009

Nikkei Opens Lower On Wednesday

Eventually we will explore the way currencies dynamically change in relation to each other.

Today, the yen is up against the dollar. When this occurs Japanese exports are pricier and consequently sales by Japanese exporters drop.

Although its too early to tell how the Nikkei will finish on Wednesday, this is an unusual situation where the Nikkei is down after Wall Street had a day of gains.

Reuters: Nikkei edges down, exporters hit by stronger yen
...the yen crept up against the dollar.

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