Forums - General Discussion - Sony / Ninty Yen boost. Markets finally catch up with me ;-)

Sony and Nintendo both predicted exchange rates for the yen of 80 to the dollar and 100 to the Euro in their recent earnings releases.  Over the last few weeks this has proved a little on the cautious side and the yen has weakened against the two currencies by quite a bit.  This could actually improve further too with some decent news from Europe and if the US sort out the fiscal cliff, as they surely will.

The timing of this could be very beneficial given we are about to enter the biggest selling period of the year and a quarter when massive portions of revenue are generated.  Should help bottom line profits.

 

 

 



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So at the moment it is;
82 to USD, which is 2 out of 80, i.e 2.5% higher than predicted
and
106 to EUR which is 6 out of 100, i.e. 6.0% higher than predicted

which means all income generated in the EU at this time around generates 6% more value in YEN than calculated for Sony and Nintendo.
That's good news. And if these numbers shift even more in favour of USD and EUR this could be a really great factor for sony to get out of trouble again... let's hope the best.

must-have-list for platforms i don't own yet:

WiiU: Donkey Kong

XBone: Dead Rising 3, Ryse

Now. if Japan make Zimbabwe currency its official, all of Japan's financial woes will disappear overnight. You could be a loaf of bread weight for weight!

hmmm this is good news. How long will it last though?

Sounds good, sony can use a boost right about now.

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maverick40 said:
hmmm this is good news. How long will it last though?


Potentially for a while.  Japanese election, fiscal cliff, euro situation looking a little more settled.



Exellent. Hope it sticks.

kowenicki said:
maverick40 said:
hmmm this is good news. How long will it last though?


Potentially for a while.  Japanese election, fiscal cliff, euro situation looking a little more settled.

This is good news for a change. 



Isn't it the case that the Japanese economy is not doing great, so the only reason the Yen has been on the high side is because the European and US economies are doing as bad or worse? If Japan's improvement lags the USA and Europe's a bit, especially if USA and Europe raise interest rates slightly in the next year or so, then the Yen should depreciate further.

Is the 80/100 level significant in a medium term context?

Hopefully this also means an easing of the NZD vs the USD. We don't like being in the high 70s - low 80s. Mid 60s to low 70s is a lot more comfortable for us.





“The fundamental cause of the trouble is that in the modern world the stupid are cocksure while the intelligent are full of doubt.” - Bertrand Russell

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The 3DS is printing so much money over there its creating inflation and helping Sony out? I take back anything I ever said about Miyamoto.:P

Before the PS3 everyone was nice to me :(