21. At the same time the US dollar has been gaining in value against the Canadian dollar, it has fallen precipitously against the Japanese yen. 22. Bayer said the weakness of the Japanese yen burdened earnings in Asia, Bayer said. 23. Besides, Ghosn added, the strength of the dollar against the Japanese yen makes it profitable to do business here despite current economic softness. 24. Beyond the lower rates, Hong Kong has been buoyed by the stronger Japanese yen, which has eased pressure on the Hong Kong dollar. 25. Bonds also gained as the dollar rose against the Japanese yen and German mark, traders said. 26. Bonds began the session down when the dollar dropped against the Japanese yen because investors feared the Japanese central bank would sell dollars to support the yen. 27. Bonds also benefited from a rebound in the dollar against the Japanese yen, traders said. 28. Bond prices fell as traders grew pessimistic when the dollar fell against the Japanese yen. 29. Bonds rose in early trading Wednesday, bolstered by a surge in the dollar against the Japanese yen. 30. A firmer dollar, which was higher against both the German mark and the Japanese yen, also helped to give Treasury securities a lift. |