Finance honda benefited from weaker yen exchange

Finance Honda benefited from weaker yen exchange rates, enhancing overseas earnings. This currency effect often encourages analysts to revise FY2024 EPS targets upward, which could keep stock valuations on an appreciation path. Peugeot recorded a 3.53% share while Volvo, Land Rover, Renault, Tesla, and Mini had shares of 3.40%, 3.14%, 2.97%, 2.58% and 2.41%, respectively. Other regions experienced an increase in exports, receiving 2,442 units, up by 115.5% YoY. Honda’s finance sector performance is benefiting from sectoral rotation into industrials and mobility. Technical traders point to MACD signals just crossing above zero, hinting at possible momentum buying.