11. A stronger yen increases the allure of yen-denominated debt to foreign investors and decreases the attractiveness of Tokyo stocks. 12. A stronger yen, and weaker dollar, increase the allure of yen bonds to investors who convert their proceeds into weaker currencies. 13. A rising yen also gave a boost to bonds by increasing the allure of yen-denominated securities for foreign investors who stand to gain from a rising yen. 14. A rising yen increases the allure of yen-denominated debt to foreign investors who stand to gain when the currency rises. 15. A smaller interest rate differential should help the yen by increasing the allure of yen-denominated assets. 16. A rising yen increases the allure of yen-denominated securities. 17. A stronger dollar increases the allure of assets denominated in the U.S. currency. 18. A strengthening dollar increases the allure of U.S. bonds by boosting the returns overseas investors receive once the proceeds are converted into their own currencies. 19. A U.S. rate hike could boost the dollar by increasing the allure of dollar-denominated securities and deposits. 20. Earlier, bonds rose as tension between Iraq and the U.S., and a stronger dollar, increased the allure of U.S. securities. |