教養チャンネル wrote a post · Nov 11, 2024 08:10

Towards the mid-152 yen range: US economic indicators and Bank of Japan policies affecting the market.

① USD/JPY exchange rate: Moving in the mid-152 yen range.

② Background: Rise in the US stock market, strong economic indicators.

③ S&P 500: Record high, highest weekly gain.

④ University of Michigan Consumer Attitudes Index: 73.0, highest level in 7 months.

⑤ Retreat of expectations for Federal Reserve rate cuts: Remarks by President Kashkari.

⑥ Bloomberg Dollar Index: 0.8% increase, 6 weeks of consecutive gains.

⑦Japan's political situation: high expectations for Shigeru Ishiba to become Prime Minister.

⑧Bank of Japan's financial policy: possibility of additional interest rate hikes by the end of the year.

⑨This week's key indicators: US Consumer Price Index (CPI), retail sales revenue.

Currently, the dollar-yen is trading in the 152 yen range.
Behind this, the consecutive record highs in the US stock market and the University of Michigan's Consumer Attitude Index surpassing market expectations have influenced expectations of the Federal Reserve narrowing the rate cut scope.
The Bloomberg Dollar Index continues to rise, indicating the strength of the US economy.
On the other hand, it is expected that Shigeru Ishiba will be selected as Prime Minister in the extraordinary Diet session in Japan, but concerns about its impact on the stock market remain.
Furthermore, the possibility of additional interest rate hikes by the Bank of Japan has been suggested, which could support the yen.
This week, attention is focused on the US consumer price index and retail revenue.

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