A surge in the cost of SONY PlayStation hedge backfire dollars

A stronger yen, SONY's (6758) strategy to protect its PlayStation unit backfired, head of currency this year in the other direction, leading to loss of a new console at the holiday in advance. These monetary losses are expected to deepen, analysts forecast a 10% rise further, SONY at the end of march this year, $74 analysts' estimates compiled according to bloomberg. This will make the yen at around $106, and today is 96.6 and 86.7 in 2013. SONY forecast interest rates will remain around 100 yen

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