The New Year Starts with a Slightly Weaker Yen, Speculation About the Bank of Japan, and Uncertainty About the Impact of the Major Earthquake
The Asia-Pacific market at the start of the New Year showed a slightly weaker yen. Since the end of last year, there has been speculation in the market that the Bank of Japan will postpone negative interest rate cuts at its January meeting, and the current trend is seen as an extension of that. Furthermore, […]
The Rekindling of the Cryptocurrency Market and the Year of Selling the U.S. Dollar: A Summary of 2023 Trades and Predictions for 2024
During the Christmas holidays in the West, I didn’t expect significant movements in the foreign exchange market, so I only placed buying trades in cryptocurrencies. However, due to profit-taking sell-offs, I couldn’t ride the expected waves. In retrospect, focusing on selling the U.S. dollar would have been better, as it showed more significant movements. Reflecting […]
The Year-End Expected to End Quietly Amid Continued Pressure on the US Dollar
Today marks the final trading day of the year. As is customary, it’s a period sandwiched between the Christmas holiday and the New Year when active trading is challenging. This week, we have seen a trend of a weaker US dollar and a stronger yen. Yesterday, the dollar was bought back around the London Fixing, […]
Will the Downtrend in USD/JPY and Cross Yen Continue? Expectations for a Decrease in the US-Japan Interest Rate Gap Persist as US Bond Yields Decline
In the overseas markets following the Christmas holiday, USD/JPY and cross yen pairs are declining, with the yen strengthening. US bond yields have significantly decreased, leading to expectations in the market of an early rate cut by the US Federal Reserve. Yesterday, both US and European stocks performed well. However, the belief that the interest […]
Year-End Market with Limited Catalysts – Anticipation for the Launch of the New NISA
Today marks the return of the London market after the Christmas holiday break, bringing major global markets back into play. However, the weekend is approaching, with a three-day New Year’s holiday on the horizon. In Tokyo, there are even more holidays to follow, making it unlikely for a full-fledged market launch at this time. Amidst […]
The Holiday Mood Continues
On the day after Christmas, Boxing Day, many markets in Oceania, Europe, Hong Kong, and more are closed. It is expected that the Tokyo market will continue to have a holiday mood similar to yesterday. The New York market is not expected to see a full return of participants, and a wait-and-see attitude may prevail. […]
With a Weakening Dollar Trend, Heading into Christmas Vacation – Today’s Focus on U.S. Durable Goods Orders and PCE Deflator
As we approach the Christmas vacation starting this weekend and into the early next week, the market seems to be gradually shifting into a watch-and-see mode. Today, the UK stock market and the US bond market will have shortened trading hours, adding to the Christmas atmosphere. The dollar has been on a weakening trend […]
Amid a broader trend of a weakening dollar, market movements are gradually converging as Christmas approaches.
Amid a broader trend of a weakening dollar, market movements are gradually converging as Christmas approaches. Following significant events like last week’s monetary policy announcements by the U.S., U.K., and European central banks and this week’s Bank of Japan (BoJ) monetary policy meeting, the pressure to sell the dollar remains strong. Yesterday’s lower-than-expected U.K. inflation […]
The current market trends suggest a brake on the Yen’s strength and the Dollar’s weakness, moving towards a Christmas week mood
The current market trends suggest a brake on the Yen’s strength and the Dollar’s weakness, moving towards a Christmas week mood. Following the conclusion of major central banks’ monetary policy announcements last week, including the U.S. Federal Reserve (Fed), the market experienced a surprise dollar selling pressure. This was primarily due to Fed Chair Powell’s […]
Excessive Expectations for Yen Strength Have Slightly Receded
The Bank of Japan’s monetary policy meeting maintained its accommodative stance as expected for domestic participants. However, there was some anticipation, primarily among foreign participants, that there might be hints of moving away from negative interest rates, specifically the expectation that there could be the removal of certain expressions without hesitation. Due to this, there […]