Traverse City Record-Eagle

Business

May 11, 2013

Futures File: Coffee prices buzz higher

(Continued)

During the last year, the yen has dropped 24 percent in value against the U.S. dollar, making Japanese goods like cars and electronics cheaper for U.S. consumers, which has been bolstering profits for Japanese companies.

Conversely, prices for imported goods in Japan like gasoline and food have been rising, prompting some concern about inflation in that nation.

As of midday Friday, the yen was worth only 0.984 cents, the lowest value since October 2008.

Opinions are solely the writer’s. Walt Breitinger is a commodity futures broker in Valparaiso, Ind. He can be reached at (800) 411-3888 or www.indianafutures.com. This is not a solicitation of any order to buy or sell any market.

 

 

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