After the Nikkei average started to fall, the Nvidia drop in after-hours trading became a burden. Keep an eye on today's Bank of Japan Governor's speech.
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Market Overview
In today's Tokyo stock market, the Nikkei average stock price started at 38,352.87 yen, up 0.53 yen from the previous business day, while the Tokyo Stock Price Index (TOPIX) started at 2,700.14, up 1.85 points.
In today's Tokyo stock market, the Nikkei average stock price started at 38,352.87 yen, up 0.53 yen from the previous business day, while the Tokyo Stock Price Index (TOPIX) started at 2,700.14, up 1.85 points.
Top News
US foreign exchange market summary: Moving around the mid-155 yen level, with a strong dollar outlook due to US interest rates.
On the 20th, in the New York foreign exchange market, the dollar-yen exchange rate closed with the dollar higher and the yen weaker by about 80 cents compared to the previous day, at around 155.44 yen per dollar. The euro was around 163.88 yen per euro, with a euro appreciation of about 2 yen and a yen depreciation.
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【Outlook for Today】Although the dollar remains strong, caution is also needed for attempts to push the upper limit.
US foreign exchange market summary: Moving around the mid-155 yen level, with a strong dollar outlook due to US interest rates.
On the 20th, in the New York foreign exchange market, the dollar-yen exchange rate closed with the dollar higher and the yen weaker by about 80 cents compared to the previous day, at around 155.44 yen per dollar. The euro was around 163.88 yen per euro, with a euro appreciation of about 2 yen and a yen depreciation.
Related Articles
【Outlook for Today】Although the dollar remains strong, caution is also needed for attempts to push the upper limit.
Bank of Japan Governor Ueda will give a speech in Tokyo.
Japan Bank Governor Kazuo Ueda is scheduled to speak at an event in Tokyo hosted by Paris Europlace in the afternoon (14:10). Amid persistent early expectations of additional rate hikes, market participants are watching to see if the tone will change from the statement on the 18th. According to LSEG data, the market is currently divided with a 47% probability of a rate hike in December being factored into the yen interest rate futures market, while the probability of keeping rates unchanged is 52%, almost unchanged from the previous day. "Both scenarios have insufficient factors priced in, so the yen exchange rate is likely to fluctuate."
Japan Bank Governor Kazuo Ueda is scheduled to speak at an event in Tokyo hosted by Paris Europlace in the afternoon (14:10). Amid persistent early expectations of additional rate hikes, market participants are watching to see if the tone will change from the statement on the 18th. According to LSEG data, the market is currently divided with a 47% probability of a rate hike in December being factored into the yen interest rate futures market, while the probability of keeping rates unchanged is 52%, almost unchanged from the previous day. "Both scenarios have insufficient factors priced in, so the yen exchange rate is likely to fluctuate."
At the previous speech on the 18th, the Governor indicated that the timing of adjusting the degree of monetary easing will depend "strictly on the future of the economy, prices, and monetary conditions." In response to the statement, the dollar soared from the 153-yen range to briefly over 155 yen.
Adtest, Disco, and others trade back and forth, with Nvidia surpassing expectations but falling after hours.
$Advantest (6857.JP)$、 $Disco (6146.JP)$All see trading back and forth, with opposing views on the strength of semiconductor manufacturing equipment. The financial results of the leading U.S. image processing semiconductor giant Nvidia, disclosed in the early hours of Japan time, showed a 94% year-on-year increase in revenue for the August-October period, with final profits more than doubling, surpassing both revenue and profit consensus forecasts. Both quarterly results set new record highs, with strong expectations for revenue in the November 24 to January 25 period beyond market expectations due to contributions from next-generation semiconductors known as Blackwell. However, some of Nvidia's positive financial results were already factored into the stock price beforehand, leading to profit-taking sales after hours.
$Advantest (6857.JP)$、 $Disco (6146.JP)$All see trading back and forth, with opposing views on the strength of semiconductor manufacturing equipment. The financial results of the leading U.S. image processing semiconductor giant Nvidia, disclosed in the early hours of Japan time, showed a 94% year-on-year increase in revenue for the August-October period, with final profits more than doubling, surpassing both revenue and profit consensus forecasts. Both quarterly results set new record highs, with strong expectations for revenue in the November 24 to January 25 period beyond market expectations due to contributions from next-generation semiconductors known as Blackwell. However, some of Nvidia's positive financial results were already factored into the stock price beforehand, leading to profit-taking sales after hours.
Visitors to Japan exceed 30 million at the fastest pace ever! October set a new record with 3.31 million visitors, the highest in a single month.
The number of foreign visitors to Japan from January to October (estimated) announced by the Japan National Tourism Organization on the 20th increased by 12.2% to 30.19 million compared to the same period in 2019 before the pandemic, surpassing 30 million at the fastest pace ever. This was supported by a weaker yen in the foreign exchange market and increased direct flights. The recovery was seen in an increase in Chinese visitors who were lagging behind, and there was a steady flow of visitors from Europe, the United States, and Southeast Asia. The number of visitors to Japan in October surpassed the previous highest in July, totaling 3.2602 million people. Exceeding 3 million for the first time in three months.
The number of foreign visitors to Japan from January to October (estimated) announced by the Japan National Tourism Organization on the 20th increased by 12.2% to 30.19 million compared to the same period in 2019 before the pandemic, surpassing 30 million at the fastest pace ever. This was supported by a weaker yen in the foreign exchange market and increased direct flights. The recovery was seen in an increase in Chinese visitors who were lagging behind, and there was a steady flow of visitors from Europe, the United States, and Southeast Asia. The number of visitors to Japan in October surpassed the previous highest in July, totaling 3.2602 million people. Exceeding 3 million for the first time in three months.
Mitsubishi UFJ, Dai-ichi Life Holdings and others remain strong, with expectations in Japan and the U.S. of rising interest rates as a tailwind.
$Mitsubishi UFJ Financial Group (8306.JP)$Absorbing selling around the previous day's closing price, $Dai-ichi Life Holdings (8750.JP)$both are showing strength in a narrow consolidation zone, within an overall weak market tone.
$Mitsubishi UFJ Financial Group (8306.JP)$Absorbing selling around the previous day's closing price, $Dai-ichi Life Holdings (8750.JP)$both are showing strength in a narrow consolidation zone, within an overall weak market tone.
Source: Trader's Web, FISCO, MINKABU
- moomoo news on individual Japanese stocks Sherry
- moomoo news on individual Japanese stocks Sherry
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LAKUSA : The silliness of still considering the increase in inbound as good news.