Benzinga's Political Round Up (LMT, RTN, FXY, TM) - Lockheed Martin (NYSE:LMT), Invesco CurrencyShares Japanese Yen Trust (ARCA:FXY)

Last night, the Prime Minister for Japan was decided, and

Naoto Kan beat Ichiro Ozawa.

This sent the yen, and the Japanese Yen ETF

FXY

higher, before coming off its highs. It immediately shot up to a 15 year high. This will hurt exporters like Toyota

TM

if the yen continues to stay high. The Pentagon

announced plans

to cut costs, saying it wanted to cut $100 billion from its budget over the next five years. This will hurt companies like Lockheed Martin

LMT

and Raytheon

RTN

, who are heavily dependent on defense budgets around the world for revenues.

FXYInvesco CurrencyShares Japanese Yen Trust

Edge Rankings

Momentum65.24

Price Trend

Short

Medium

Long

LMTLockheed Martin Corp

TMToyota Motor Corp

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