Japanese Yen and Nintendo Shares

yen: It touched a six-year high of 32,700 Japanese yen in the previous session, and the company is currently worth 4.5 trillion Japanese yen, or approximately $56.7 billion, according to Australian Broadcasting Corporation. In afternoon trade, shares were down 13 per cent to 27,670 Japanese yen, its biggest one-day drop since July 2011. Nintendo shares soared as much as 121 per cent, adding about $30.7 billion, since the game initial release in Australia, New Zealand and the United States on July 6. The app will debut in Japan, one of the world biggest gaming markets, on July 21, but that is a one day delay, according to technology site Tech Crunch, because of worries on server capacity and expectations of heavy demand. "Nintendo shares need a break too," senior strategist at SMBC Nikko Securities Chihiro Ohta told Bloomberg. "If Pokemon Go is released in Japan today, investors are going to want to watch how things go from here." Pokemon Go is an augmented reality app, played on smartphones, that tracks a player movements on a map filled with "pocket monsters", or Pokemon, encouraging players to explore the world around them in order to catch the rare critters. McDonald shares soar on piggybacking External Link: happy meal tweet McDonald Holdings in Japan which has started pairing Pokemon toys with its happy meals has also experienced a surge in share price. Photo: Nintendo share price has jumped dramatically over the past two weeks. (news.financializer.com). As reported in the news.