There's conservative and then there's Toyota Motor.
The world's largest carmaker forecast on Wednesday profit and revenue that missed analysts' estimates, based on outdated projections for the yen to trade at 90 against the US dollar and 120 versus the euro this fiscal year.
The Japanese currency is trading closer to 100 and 130, with analysts projecting it to weaken even further.
via Business feed http://www.scmp.com/business/companies/article/1233961/weak-yen-help-toyota-beat-forecast
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