And possibly for silly/ irrational reasons Botsy. For CDY it always ebbs back on low volume following a large buy. The pattern will repeat itself pending news.
So what else about the market is irrational. For starters CDY and its bio peers trend up and down with a market that is resource stocks based. What the value of cancer diagnostics or the sale of hair tonic to Japanese consumers has to do with the price of iron ore .... I know not!
CDY currently derives most of its revenue in Japanese Yen. The bulk of revenue will soon be denominated in Yen, Yuan & USDs . So if the AUD dumps to the mid 70's ........ all the better for CDY holders IMHO. Sadly the market doesn't want to see that ATM.
cheers
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