This Week’s Market Outlook: Adjustments Expected with Focus on Dollar Buying Retracement
This Week’s Market Outlook: Adjustments Expected with Focus on Dollar Buying Retracement At the start of the week, the market continues to show signs of adjustment following last weekend’s US employment data. While there hasn’t been a significant change in expectations for a soft landing in the US economy, the rise in US bond yields […]
Strong US Employment Data Reduces Rate Cut Expectations, Increasing Likelihood of Dollar Buying
Strong US Employment Data Reduces Rate Cut Expectations, Increasing Likelihood of Dollar Buying As the week begins, the market is experiencing stable conditions due to the stronger-than-expected US employment data released last weekend, which has alleviated uncertainty. This employment report highlights the strength of the US labor market and has diminished expectations for significant rate […]
Pound Exchange Rate Plummets Due to Early Rate Cut Expectations
Pound Exchange Rate Plummets Due to Early Rate Cut Expectations Today, the pound exchange rate suddenly plummeted. This is attributed to Bank of England Governor Bailey hinting in an interview with The Guardian about the “possibility of becoming a bit more aggressive towards rate cuts.” This is conditional on inflation indicators continuing to be favorable. […]
The Aftermath of the Ishiba Shock: Market Focus Shifts to U.S. Employment Data
The Aftermath of the Ishiba Shock: Market Focus Shifts to U.S. Employment Data Currently, the yen is showing a gradual depreciation. The yen’s appreciation that occurred from last weekend into the beginning of the week has settled, and the so-called “Ishiba Shock” seems to have run its course. Additionally, uncertainties surrounding the Chinese economy are […]
Continued Ishiba Shock Market: Attention on Overseas Reactions as the Week Begins
Continued Ishiba Shock Market: Attention on Overseas Reactions as the Week Begins Following the results of the LDP presidential election last weekend, the yen exchange rate experienced significant turmoil. With reports indicating that the economically expansionist Takaichi was in the lead, USD/JPY rose to the 146 yen level. However, when Ishiba unexpectedly won the runoff […]
Yen Strengthens Following Volatile Movement Post-LDP Presidential Election
Yen Strengthens Following Volatile Movement Post-LDP Presidential Election Today, the USD/JPY opened the Tokyo market in the high 144 yen range, following yesterday’s fluctuations that saw it touch the 145 yen level multiple times. After reports indicated that candidate Takai was leading in the LDP presidential election, foreign investors engaged in yen selling, pushing the […]
China Cuts Rates, Dollar Under Pressure Amid Risk Appetite, Yen Weakness Continues
China Cuts Rates, Dollar Under Pressure Amid Risk Appetite, Yen Weakness Continues Today, the People’s Bank of China lowered the one-year interest rate from 2.30% to 2.00%. This move is part of previously reported economic stimulus measures and is accelerating a global risk appetite. Chinese and Hong Kong stocks have surged, European stocks are also […]
Yen Weakening Amidst Expectations of China’s Economic Stimulus and Ueda’s Remarks
Yen Weakening Amidst Expectations of China’s Economic Stimulus and Ueda’s Remarks In the Tokyo market after the holiday, the yen is gradually depreciating. There are rising expectations that China will actively implement economic stimulus measures, leading to an increase in commodity prices such as crude oil and iron ore. As a result, USD/JPY has moved […]
Quiet Movements in Asian Markets, Awaiting PMI Preliminary Results from Europe and the U.S.
Quiet Movements in Asian Markets, Awaiting PMI Preliminary Results from Europe and the U.S. The Asian markets, with Tokyo absent, are showing overall quiet movements. USD/JPY is trading within a range from around 143.70 to 144.46, indicating a trend toward yen depreciation. Cross-currency pairs are also showing slight increases, with EUR/JPY rising from the low […]
After the U.S. FOMC and BoJ Meeting, USD/JPY Surges into the 144 Range! Focus on BoJ Governor Ueda’s Press Conference
After the U.S. FOMC and BoJ Meeting, USD/JPY Surges into the 144 Range! Focus on BoJ Governor Ueda’s Press Conference This week, following the U.S. FOMC and the BoE’s MPC, the Bank of Japan (BoJ) also held its monetary policy meeting. Today’s announcement confirmed that the BoJ’s policy rate remains unchanged, which led to fluctuations […]