Friday, July 27, 2012
Nikkei Priced in Dollars
Yesterday's post about the S&P 500 priced in Euros got me thinking about other markets that might be interesting to view priced in foreign currencies. Below is a chart of the Nikkei priced in dollars. Because the Yen has generally appreciated against the dollar over the course of Japan's (somewhat mythical) lost decades, the Nikkei's fall is a little softer when viewed in dollar terms.
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