The US Dollar Has Exceeded 100 Yen For The First Time In Four Years.

< p > > a href= "http://sjfzxm.com/news/index_cj.as" > Japanese yen > /a > for the first time in four years, it fell below 1 yuan to 100 yen, marking Japan's efforts to contain deflation for more than 10 years.

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The milestone of the "P" is five weeks after the Bank of Japan, which surprised investors and loosened monetary policy in a big way.

Loosening monetary policy is aimed at stimulating economic growth. The specific measures include lowering the exchange rate of the local currency, thereby enhancing the competitiveness of Japanese manufactured goods in the global market.

Following the measures taken by the Bank of Japan, other countries have also relaxed monetary policy, especially Australia and South Korea.

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< p > the US dollar rose sharply against the Japanese circumference. As a government report showed, the number of people who applied for unemployment benefits for the first time last week was less than a href= "http://sjfzxm.com/news/index_c.asp" > economic /a > four.

If the US economy grows faster, it may mean that the Federal Reserve (Fed) will withdraw from the ultra loose stimulus policy much earlier than other central banks.

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Since last year, investors and traders have predicted that the US dollar will exceed 100 yen, and the call for greater easing measures has increased in the P.

Since the beginning of this year, the Japanese yen has fallen by 16% against the US dollar, and has fallen by more than 20% since last autumn.

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Matthew Alexy, director of P TD Securities global a href= "http://sjfzxm.com/news/index_s.asp" > foreign exchange < /a >, said that the stronger US dollar reflects the view that the US growth cycle is slightly ahead of the rest of the world.

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The sharp rise in the US dollar against the yen has made some big hedge funds profitable, P.

Hedge funds managed by George Soros (George Soros) bet on the low yen trading at a profit of nearly $1 billion.

Other hedge funds that make good profits include David Einhorn's Greenlight Capital, Daniel Loeb's Third Point LLC, and Kyle Bass's LLC.

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< p > many hedge funds have also made big stakes in the Japanese stock market.

Their view is that the weakening of the yen will enhance the competitiveness of Japanese exporters and enhance their profitability, thus contributing to the growth of the entire Japanese economy.

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P Loeb said on Thursday that the rebound in the Japanese stock market was just beginning. Some people think they missed the opportunity to reverse, but the Japanese stock market will continue to rise.

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< p > Loeb says Japanese stock is still not expensive, and the P / E ratio is 13 to 14 times lower than that of the US.

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P Toyota Toyota Auto Body Co Motor said this week that its net profit increased by two times in the previous fiscal year, and the profit in the current fiscal year is expected to increase by 42%.

Many analysts believe that TOYOTA's performance reflects the weakness of the yen.

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The rapid decline of the yen P may also indicate that after five years of the financial crisis, the central banks of the world have finally succeeded in guiding investors to withdraw risky assets such as the yen and invest in high-risk assets such as stocks and certain bonds.

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< p > Alexy indicates that the sudden strength of the yen in 2007 indicates that the market will soon fluctuate violently, and the recent slump in the yen is probably a good omen for the whole financial market.

The US stock index has hit a record high this year, and many high-risk assets such as junk bonds have benefited from the massive capital flows of investors this year.

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P, for the most part of the past five years, the yen has been strong in the wake of turbulence in the financial market, and it has also been a drag on TOYOTA and other Japanese carmakers' profits.

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After the New York market ended Thursday, the US dollar broke through 100 yen in one fell swoop, triggering the Domino effect in other markets.

The US dollar rose against the Australian dollar and the euro, and the Dow Jones index rose sharply after most of the time it was in the market.

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The US dollar P did not stop after reaching 100 yen, rising rapidly to 100.79 yen.

The sharp rise in US dollar prompted investors to buy dollars and sell other currencies such as Australian dollar.

The Australian dollar fell to its lowest level since June 2012.

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The US dollar has been at a level not far from 100 yen since the announcement of a big stimulus plan by the Japanese central bank in April 4th to promote economic growth. < p >

This is the first time the US dollar has exceeded 100 yen since April 14, 2009.

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The rapid rise of the US dollar P prompted many brokers to raise their expectations for the US dollar.

At present, more and more people believe that the US dollar may hit 110 yen or even higher by the end of this year.

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George Dowd, head of foreign exchange trading in Chicago, P, said, "what will be the next target of the US dollar against the Japanese yen? Some say 120 yen, which seems to be possible in the next few months." Newedge

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< p > the fall of the yen also contributed to the sharp rebound of Japanese shareholders.

The Nikkei index has hit its highest level since July 2008.

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