Your source is?Originally Posted by ;
History about the reaction to earthquakes is actually very JPY positive. The JPY can strengthen while everybode are waiting for decrease.
Regrettably, the some of the nukes appear to be damaged, with one containment building exploding earlier now, and the reactor placed in the building may be in the process of a meltdown. One US news service reports that a second reactor at this site is in trouble, which a reactor is showing dangerous signs of failure. They may not actually melt down, but the risks are worth noting before the market open tomorrow.Originally Posted by ;
May get interesting:
BOJ Plans Multitrillion-Yen Operation Monday
Released:Saturday, 12 Mar 2011 | 2:56 PM ET
By: Reuters
The Bank of Japan plans to provide several trillion yen (tens of billions of dollars) to the money market on Monday in a crisis market performance aimed at calming market jitters after a massive earthquake and tsunami hit northeastern Japan, Jiji news agency said. This will be the central bank's earliest so-called operation since May, once the Greek debt crisis roiled the financial market, Jiji said.
The BOJ provided to provide 2 trillion yen ($24.4 billion) to the money market on a same-day foundation for two consecutive working days in May.
The BOJ said after the quake struck on Friday that it would do its utmost to make sure financial market stability and to smooth the settlement of funds, including through the supply of liquidity.
One of the reasons for AUD strength has been its export of natural resources (iron, aluminum, coal etc). The floods damaged transport infrastructure and the mines that meant export earnings.Originally Posted by ;
As for insurance premiums, Japan is more guaranteed than Australia (in terms of per individual ) and Lloyd's of London collect more re-insurance premiums in the Japanese than the Australians meaning the premiums will be greater. A number of the Lloyd's insurance companies shares are down 5 percent.
My thoughts and prayers are with the people of Japan and that I hope they recover soon from this natural catastrophe.
At the end of a day JPY started to fall. I believe until their enormuos tools are redirected into the area that JPY will fall at least for a few days. Situation will be more predictable after the BOJ assembly.
JPN is second only to china in holdings of US treasuries, and that I think first or second in debt possession. That's why the jpy will fortify when there is news coming from japan. They must re-patriate their funds to be of any use. Similar type of situation for funding currencies using a pinned economy.
In NZ since overseas nations seeking return differentials account for a much larger part of possession, their liquidation activities put downward pressure on the kiwi following the earthquake which is a bit more intuitive.
Dear Sir,
Please Note.
The three biggest motor manufacturers -- Toyota, Honda and Nissan -- stated they'd stop production at almost all of their domestic assembly plants. The safety of the workforce and deaths were mentioned as reasons behind the choice. The electronics giant Sony said it would be shutting down production.
Terrifying Tsunami Movie:
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Helicopter aerial view video of giant tsunami waves
Video: Inserted Video
Tokyo, Japan population: 34,100,000
http://geography.about.com/od/urbane...merations2.htm