Toyota Motor and Honda Motor Co keep trying to make up for the growing demand for their autos in the USA. After the devastating tsunami and earthquakes seen this spring the Japanese motor giants faced a production decline, which (together with the growing demand in the US) caused a considerable lack of new autos. In September car dealers sold the biggest amount of cars since April 2011.
As a result, Toyota’s market share dropped from 15,3% down to 11,5 % while Honda’s one declined from 10,2% down to 8,5%.
The representatives of Toyota and Honda report that in a couple of months the deficit will be covered as their factories outside Japan are currently operating on a three-shift basis. However, according to Autodata Corp (USA) Toyota and Honda’s US inventories are currently equal to 40% of the standard value, which means that it will take the companies more time to restore the supply.
FOREX.
According to the Department of Masterforex-V trading system , USDJPY keeps forming a downswing – wave A(C ) of Weekly. The closest levels of support can be found at 75,93 (this year’s low), 75,06 - 123,6% Fibo and 74,30 – 138,2% Fibo. An major upward retracement will be started only after there is an upswing (of Daily) breaking above the MF sloping channel as well as the MF pivot 0,8022 (as shown below):
