- Title: The dollar is down as Trump moves ahead in early exit polls
- Date: 9th November 2016
- Summary: TOKYO, JAPAN (NOVEMBER 9, 2016) (REUTERS) REPORTERS AND STAFF INSIDE FOREX TRADING ROOM DOLLAR YEN CURRENCY RATE SHOWN ON MONITOR ELECTRONIC SCREEN SHOWING ELECTION-RELATED NEWS AMERICAN AND JAPANESE FLAGS DISPLAYED SIDE BY SIDE (SOUNDBITE) (Japanese) GENERAL MANAGER OF GAITAME.COM RESEARCH INSTITUTE, TAKUYA KANDA, SAYING: "If Trump becomes president, Japan will struggle with foreign exchange intervention, and yen-selling intervention; and also considering his views on Mexico and other neighboring countries, he has shown a dislike toward immigrants. This would move the markets toward more risk-averting direction." MONITORS SHOWING DOLLAR YEN RATE, AND PRESIDENTIAL CANDIDATES HILLARY CLINTON AND DONALD TRUMP DEBATING (SOUNDBITE) (Japanese) GENERAL MANAGER OF GAITAME.COM RESEARCH INSTITUTE, TAKUYA KANDA, SAYING: "In the short run, having Clinton win the elections would allow Japan to apply policies much easily, but of course, we can never be too certain if we haven't seen the results, and the economic, financial and diplomatic policies enforced by the new president." STAFF IN TRADING ROOM AMERICAN FLAG AGAINST TELEVISION SCREEN IN THE BACKGROUND
- Embargoed: 24th November 2016 03:52
- Keywords: Dollar Donald Trump Hillary Clinton
- Location: TOKYO, JAPAN
- City: TOKYO, JAPAN
- Country: Japan
- Topics: Currencies/Foreign Exchange Markets,Economic Events
- Reuters ID: LVA00157Q2891
- Aspect Ratio: 16:9
- Story Text: The dollar fell against the Japanese yen on Wednesday morning (November 9) as early exit polls for the U.S. presidential election revealed Republican candidate Donald Trump moving ahead.
General Manager and FX analyst at Japan's Gaitame.com, Takuya Kanda, said that Trump's protectionist views have led the market to move toward a more risk-averting direction.
"If Trump becomes president, Japan will struggle with foreign exchange intervention, and yen-selling intervention; and also, considering his views on Mexico and other neighboring countries, he has shown a dislike toward immigrants. This would move the markets toward more risk-averting direction," Kanda said.
He added that a win for Democratic candidate Hillary Clinton would make things easier for Japan to apply desired policies.
"In the short run, having Clinton win the elections would allow Japan to apply policies much easily, but of course, we can never be too certain if we haven't seen the results, and the economic, financial and diplomatic policies enforced by the new president," he added.
At midday break, the Nikkei dropped 2.2 percent at 16,788.90 after earlier tumbling as much as 3.1 percent to hit 16,646.04, the lowest level since Oct. 4. - Copyright Holder: REUTERS
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