This week, the risk trend has gradually calmed down, affected by the flow at the end of the month, the end of the fiscal year, and the end of the quarter. Money is returning to the stock market. The market, which had been watching Credit Suisse and then Deutsche Bank stocks due to financial instability, seems to be gradually calming down. In today’s Tokyo market, there are some profit-taking sales in some stocks, but the stocks are generally maintaining firmness. Meanwhile, in the foreign exchange market, the depreciation of the yen until the previous day has come to a halt.
The market is likely to search for the next theme. Germany’s consumer price index preliminary figures will be released today, and tomorrow the Euro zone consumer price index preliminary figures and the US PCE deflator will be announced. Market eyes are likely to return to central bank monetary policy outlooks based on inflation trends.
Yesterday, CHFJPY’s selling stopped out as the yen depreciated more than expected. The market where it is difficult to see a trend continues.