This morning the observed Yen strengthened against the u.s. dollar.
The yen strengthened as a safe haven currency amid the uncertainty of global growth andgeopolitical tensions. The observed exchange rate pair USDJPY weakened this morning-0.19% at 118.25.
The strengthening Yen, major exporters shares trade presses. In stock trading, shares of major exporters such as Toyota, Nissan and Sony was trading down between 0.5 percent to 4.49 percent. The exporter can be hard hit when the yen strengthenedbecause it weighs on earned income.
Other news Sony and Fujifilm is considering a bid to acquire Toshiba's medical equipment subsidiary, Toshiba Medical Systems, as the troubled electronics companycontinues with a restructuring. Among other reported bidders Hitachi, Canon, General Electric's health care business, and Samsung. Toshiba shares rose 1 percent.
As for the Nikkei futures tracked the negative, down 190 points-or-1.05% at 17.990, down compared to the previous closing trade at 18.180.
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