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The Nikkei Average starts the day up 29 yen, with a potential of 170 yen, and forex traders are unfazed by the risk of market intervention.

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moomooニュース日本株 wrote a column · Jun 25, 2024 08:08
The Nikkei Average starts the day up 29 yen, with a potential of 170 yen, and forex traders are unfazed by the risk of market intervention.
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Market Summary
In today's Tokyo stock market, the Nikkei average stock price started at 38,833.90 yen, up 29.25 yen from the previous trading day, and the Tokyo Stock Price Index (TOPIX) started at 2754.00, up 13.81 points.
The Nikkei Average starts the day up 29 yen, with a potential of 170 yen, and forex traders are unfazed by the risk of market intervention.
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Currency traders unfazed by the risk of market intervention, with 170 yen in sight.
Traders anticipating further yen depreciation are not perturbed by the possibility of Japanese monetary authorities intervening to buy yen, with the risk of the yen falling to dollar highs and yen lows not seen since 1986. According to Sumitomo Mitsui DS Asset Management and Mizuho Bank, amid the preference for higher-yielding dollars and ongoing selling of yen, there is a possibility of the dollar dropping by about 10 yen from the current level to 170 yen.
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The yen is in the 159 yen range, and it temporarily sharply rebounded overseas, leading to a nervous situation with heightened intervention vigilance.

Moody's sees Japan's basic fiscal balance likely to miss its target for the next fiscal year.
Christian de Guzman, an analyst responsible for Japan's sovereign ratings at the rating agency Moody's, said in an interview with Reuters on the 24th that even if the Japanese government fails to achieve its target of balancing the basic fiscal balance for the next fiscal year, the likelihood of a negative rating revision is low.

Nvidia is showing a selling bias with a nearly 7% decline, while the SOX index is down 3%.
$Disco (6146.JP)$Showing a selling bias, with concerns over the decline of US high-tech stocks. In the previous day's US market, Nvidia saw a drop of nearly 7%, and profit-taking selling pressure continued, leading to a softening trend in high-tech stocks.
Kobe Bussan rises for the third day, with a 10.2% increase in May's revenue and a 0.4% increase in operating profit.
$Kobe Bussan (3038.JP)$Rising for the third day, the company announced on the 24th that the revenue for May was a preliminary value of 44.27 billion yen (a 10.2% increase year-on-year). Operating profit increased by 2.87 billion yen (0.4% increase year-on-year), and ordinary profit was 2.96 billion yen (1.5% increase year-on-year).
Aeon - Extend, Acceptance of 4,000 "specific skills" foreign workers, such as processed food processing and cleaning = Nikkei
$AEON (8267.JP)$Continued growth. The Nihon Keizai Shimbun electronic version reported on the 25th at 5 o'clock that the company will accept 4,000 foreign workers with "specific skills" through group companies by fiscal 2030.
Source: Bloomberg, Traders Web, Reuters
- Moomoo News Japan Stocks Evelyn
The Nikkei Average starts the day up 29 yen, with a potential of 170 yen, and forex traders are unfazed by the risk of market intervention.
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