In
the United States, the yen dropped to its lowest value in over four years,
prompting a wave of brokers to unload their shares in gold and oil. By day’s
end, however, the market recovered and both the S&P 500 the Dow Jones closed
out at record highs. So why the massive hit to the yen?
Japanese
investment firms have been gobbling up assets overseas, so the yen’s slide had
more of an impact across global markets than it may have had in the past, economists
claim.
The
U.S. dollar, on the other hand, has remained sturdy due to the country’s recent
rise in employment. That consistency puts pressure on firms invested in other
currencies, who may no longer be able to afford the cost of U.S. goods and
services.
"Despite
signs of slower U.S. growth here in the second quarter, the U.S. labor market
continues to improve,” says Marc Chandler, head of global currency strategy for
Brown Brothers Harriman, a financial institution that consult with individuals
and businesses on investment opportunities. “Japanese investors were already
selling the yen on expectations that [others] would sell as the Bank of Japan's
stimulus measures displaced them from the local bond market.”
According
to the Ministry of Finance, Japanese firms invested $3.1 billion, or 309.9
billion yen, in overseas bonds the week leading up to May 3rd.
The
Japanese currency fell to 101.98 yen per dollar, the lowest since 2008, and
with the passing of the 100 benchmark, economists expect the yen to fall
further. Some are predicting the dollar to rise to 105 yen this summer, and peak
as high as 110 by the end of the fiscal year.
As
the U.S. undergoes rapid employment expansion, foreign money is expected to
come pouring in. On Friday, the S&P 500 closed up 7.03 points, to 1,633.70,
while the Dow Jones rose 35.87 points, to 15,118.49 – both record highs.
Wow
– up, down, up down. To call the stock market ‘unpredictable’ would be an
understatement.
That’s
why we at NRGLab believe investing in green-energy is the smartest financial
decision you can make. Over time, the price of commodities like oil, gas, and
gold will fluctuate more than a theme park roller coaster. Economists can’t
even accurately predicate where price points will be next month, let alone ten
years from now.
One
thing is for certain, though – there will always be a demand for electricity.
People will always need to heat their homes, cook their food, and get from
point A to point B. Investing in a long-lasting, reliable electrical generator
like the SH-Box means investing in energy independence. No longer will you be
forced to serve under your public utility supplier. NRGLab wants to give you
the freedom of choice.
Not
only that, the SH-Box is zero-emission, so you won’t be contributing to the
escalating climate crisis. In fact, you’ll be ahead of the pack. You’ll be set
for the long haul.
So
forget traditional means of investment. An alternative opportunity and stable
future await you at nrglab.asia.
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