Market gradually stabilizes after the panic at the start of the week, but aftereffects linger
This week began with a historically significant panic in the markets. The turmoil was triggered by Bank of Japan Governor Ueda’s remarks hinting at the possibility of additional rate hikes, coupled with concerns about a slowing U.S. economy following weaker-than-expected employment data. This led to a sudden reversal of the accumulated bullish trends in equities […]
Settling Markets and Key Economic Indicators: Will U.S. Initial Jobless Claims Provide Direction?
Tokyo Market Overview Today’s Tokyo market has shown a narrower range for the USD/JPY pair, fluctuating between 145.44 and 146.87. This marks a calming from the wide ranges seen earlier in the week, indicating a potential consolidation around the 145-147 level. Unlike yesterday, which was influenced by impactful comments from BOJ Deputy Governor Uchida, today’s […]
High Volatility Continues Amid Lack of Key Events
Overseas Market Outlook Today’s overseas market lacks significant events that could provide direction. The main economic releases include the US MBA Mortgage Applications Index (for the week of 07/27 – 08/02) and the Canadian Ivey Purchasing Managers Index (July). However, no major US economic indicators are scheduled for release. Key events include Boston Fed President […]
Yen Appreciation and Stock Decline Pause, Volatile Market Conditions Persist
The market tension remains high. Following yesterday’s panic with yen appreciation and stock decline, today sees rapid movements towards yen depreciation and stock gains. However, the market remains unstable, and volatile conditions may continue for a while. Key Points: Tri-party Meeting: A meeting involving the Ministry of Finance, Financial Services Agency, and the Bank of […]
Yen Strengthens, Japanese Stocks Plunge: Seeking Stability in a Panic Market
Yen Strengthens, Japanese Stocks Plunge: Seeking Stability in a Panic Market Tokyo Market Movements The Tokyo market has opened the week with a panic atmosphere. The USD/JPY pair plunged from the 146 yen level last weekend to as low as the 141 yen range. Japanese stocks experienced an even more drastic movement, with the Nikkei […]
Global Stock Market Decline Ahead of US Employment Report: Market Reactions to Watch
The current market is highly unstable. In yesterday’s New York session, the US stock market, led by tech stocks, saw a broad decline following the release of US economic statistics that fell short of expectations. Semiconductor giant Intel dropped 20% in after-hours trading, and the Tokyo market saw significant declines with the Nikkei 225 down […]
Yen Dominates the Market as Focus Shifts to UK Monetary Policy Announcement: Spotlight on the Pound
This week’s foreign exchange market has been dominated by the yen. USD/JPY dropped to around 148.50 during Tokyo morning trading, marking a depreciation of over 13 yen from the high of 161.95 recorded on July 3. Yesterday was a significant day for the yen. Reports indicated that a rate hike was under consideration at the […]
BOJ Raises Policy Interest Rate: Outlook from Governor Ueda’s Press Conference
The Bank of Japan (BOJ) has decided to raise the policy interest rate to around 0.25%. In a press conference on the 31st, Governor Kazuo Ueda stated, “As the outlook for the economy and prices is progressing smoothly, we will consider further rate hikes if this outlook materializes.” Regarding the economic impact of additional rate […]
Preparing for Tomorrow’s BOJ Decision Meeting Announcement
The Bank of Japan (BOJ) Monetary Policy Meeting has begun today, with the results expected to be announced tomorrow, likely around midday. Following the announcement, BOJ Governor Ueda will hold a press conference. The market’s main scenario is a reduction in government bond purchases from the current 6 trillion yen to 3 trillion yen over […]
Quiet Start to the Week, Focus Shifts to Mid-Week U.S. and Japanese Monetary Policies
Quiet Start to the Week, Focus Shifts to Mid-Week U.S. and Japanese Monetary Policies The market opened quietly this week, with few notable economic indicators or speaking events. Despite weaker-than-expected GDP data from Sweden, the reaction in the Swedish krona was minimal. At 5:30 PM Japan time, the UK’s consumer credit and M4 money supply […]