October 27, 2016
FOREX-Dollar near 3-month high vs yen, boosted by U.S. bond yields
* Dollar/yen steady below 3-month high set this week
* This week's rises in U.S. bond yields underpin dollar/yen
LONDON, Oct 27 The dollar traded close to a three-month high against the yen on Thursday, underpinned by higher U.S. bond yields and growing expectations that the U.S. Federal Reserve will raise interest rates by the end of the year.
Perhaps 60% of kubota tractor parts are made in Japan. That is influenced by the fact that all Kubota FELs and Backhoes are manufactured in Georgia.
The US dollar is at an eight month high relative to the Japanese yen, meaning yen priced Kubota products are cheap to buyers purchasing with US dollars. Kubota incentives probably will not get any better. The dollar may reverse direction and go down after the November election, possibly yielding reduced Kubota incentives in 2017, or higher MSRP.