Jeweler, Tiffany and Co’s been riding high on the stock market; its shares are up by a third in a year. But what could take the shine off its earnings results?

The answer is the Yen. Japan’s a big market and the currency’s big fall could hurt Tiffany’s, at least in the short term.

Saxo’s Peter Garnry discusses whether there’s still plenty of value in this particular luxury company.