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FINANCIAL CHRONICLE™ » DAILY CHRONICLE™ » Yen Falls to Almost 3-Year Low Versus Dollar, Euro on BOJ Change

Yen Falls to Almost 3-Year Low Versus Dollar, Euro on BOJ Change

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VISA


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics

What will happen to our auto market. yen expected to go to 100 to US$ (around 1.25 to LKR by March'2013) this will reduce all related cost including duty in LKR terms. yen was high as 1.65 to LKR. if this happen it is 25% reduction in value. so for 6 million it is 1.5 million ( Not all costs are in yen so this may be little less) what will happen to stock like UML.

http://www.bloomberg.com/news/2013-02-05/yen-touches-almost-3-year-low-versus-euro-dollar-on-boj-change.html

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FINANCIAL CHRONICLE™ » DAILY CHRONICLE™ » Yen Falls to Almost 3-Year Low Versus Dollar, Euro on BOJ Change

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