Forex Flash: Toyota positioning hints at improvement in Japanese confidence – Societe Generale
FXstreet.com (Barcelona) - Kit Juckes, Global Head of Currency Strategy at Societe Generale notes that the news that Toyota has regained its place as top of the global car sales league will add to the sense that things are looking up for Japanese industry.
He writes, "There isn't much correlation between the two but optimism is growing. The Nikkei has corrected overnight, as has the yen, amid further expressions of concern about competitive devaluation from, notably, South Korea."
He writes, "There isn't much correlation between the two but optimism is growing. The Nikkei has corrected overnight, as has the yen, amid further expressions of concern about competitive devaluation from, notably, South Korea."
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