31.   A stronger yen makes gold less expensive for Japanese investors because the metal is priced in dollars.

32.   A stronger yen makes Japanese exports more expensive, hurting the companies that sell abroad.

33.   A stronger yen makes Treasuries less attractive for Japanese investors because it reduces their proceeds in yen.

34.   A strong yen also made yen-priced gold cheap to Japanese investors.

35.   A stronger yen makes Japanese bonds more attractive because it increases their return when converted into a weaker currency.

36.   A stronger yen makes Japanese bonds more attractive to foreign investors, who profit when they convert their investment into their home currency.

37.   A stronger yen makes Japanese exports to North America more expensive.

38.   A weak yen generally makes Japanese products cheaper in North America.

39.   A weak yen generally makes Japanese products less costly in the U.S.

40.   A weak yen makes exporters more competitive by allowing them to lower prices of their goods abroad.