Tokyo shares higher on strong dollar, oil prices

AP - 1 hour 18 minutes ago
TOKYO - Japanese shares finished higher Monday on a strengthening dollar, lower oil prices and renewed optimism about global stock markets.

The benchmark Nikkei 225 Stock Average added 262.50 points, or 1.99 percent, to close at 13,430.91 after inching up 0.33 percent Friday. The broader Topix index rose 1.59 percent to 1,280.00.

Japanese shares got a lift from several factors, including a recovering dollar, which is trading near 110 yen compared with levels below 100 a few months ago. A strong dollar boosts Japanese exporters by lifting the value of their overseas earnings

U.S. shares rebounded sharply Friday, shooting higher on the back of a surging dollar and plunging oil prices. The Dow Jones industrials soared more than 300 points, or 2.7 percent, more than wiping out a big loss from the previous session.
The dollar was trading in Tokyo Monday midafternoon at 109.95 yen.

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My opinion:

This is always very very weird for me. Be borned in South East Asia, I always wanted my currency to be strong. However, the sad thing and fact is, the stronger my country currency the less attractive it is in economic sense.

WHY ? Because the export industry will suffer. Then, our people suffer. THEN, we wish for our currency to drop, so that our currency will appeal to foreign investment again.

Haiz, what a dilenma ...

OKOK, back to JPY/USD...SELL IT...We all want JPY to be attractive. And since Nikkei is up.

Ride on the wind.

Cheers.