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[Morning Report] Rapid increase in yen due to expectations of early policy changes from the Bank of Japan, and the person responsible for Tesla's supercomputer “Dojo” left the company in charge of the temporary 141 yen range against the dollar

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moomooニュース米国株 wrote a column · Dec 7, 2023 17:07
[Morning Report] Rapid increase in yen due to expectations of early policy changes from the Bank of Japan, and the person responsible for Tesla's supercomputer ...
Good morning to all Moomoo users!Here are the key points of this morning's first report.
● [Tokyo Stock Exchange Rate Forecast Range] 32,200 yen - 32,500 yen (7-day closing price 32,858 yen 31 sen)
● Rapid rise in yen, temporarily rising 3.8% against the dollar to the 141 yen range - in anticipation of an early policy change by the Bank of Japan
● Is the person responsible for Tesla's supercomputer “Dojo” leaving the company hurt by autonomous driving technology - people involved
● Interest rate and currency declines in Europe ECB is puzzled by the fastest April interest rate cut
● US Alphabet temporarily rose 5% or more and announced a next-generation AI model
● US mortgage interest rates fall for 6 consecutive weeks, approaching 7% - Freddie Mac
● US unemployment insurance, number of continuing recipients drastically reduced - still close to a high level for the first time in 2 years
-MooMoo News Kathy 
Market Overview
In the US stock market on the 7th, the NY Dow Jones Industrial Average rebounded for the first time in 4 days to 36,117 dollars 38 cents, 62 dollars 95 cents higher than the previous business day. The Nasdaq Composite Stock Price Index rose 193.282 points to 14,339.994. The risk off situation continues in the Tokyo stock market on the 8th, and it seems that the Nikkei Stock Average will continue to drop drastically.
Top news
Rapid rise in yen, temporary rise 3.8% against the dollar to the 141 yen range - in anticipation of an early policy change by the Bank of Japan
In the foreign exchange market on the afternoon of the 7th New York time, the rise in yen expanded against the dollar. The rate of increase temporarily exceeded 3% and reached the 141 yen level. There is a growing view that the Bank of Japan will lift negative interest rates earlier than expected.
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Is the person responsible for Tesla's supercomputer “Dojo” leaving the company hurt by autonomous driving technology - people involved
American electric vehicle (EV) manufacturer, $Tesla(TSLA.US)$Ganesh Venkataramanan, who oversaw the supercomputer “Dojo” business, left the company. It's likely to be a pain for the company's autonomous driving technology efforts.
Interest rate and currency declines in Europe ECB is worried about the fastest April interest rate cut
Eurozone interest rates and currencies continued to decline in the European market on the 7th. Long-term interest rates in Germany fell to a low level for the first time in 8 months, and the euro fell to a low level for the first time in 8 years against the Swiss franc. There is widespread speculation that the European Central Bank (ECB) will cut interest rates the fastest by major central banks in the world in 2024/4.
US Alphabet temporarily rises 5% or more announces next-generation AI model
metres $Alphabet-C(GOOG.US)$increased by 5% or more at one point. The current stock price rose 5.58% to 138.76 dollars, and the trading price was 13.65 billion dollars.
US mortgage interest rates fall for 6 consecutive weeks, approaching 7% - Freddie Mac
Mortgage interest rates in the US have been falling for 6 consecutive weeks, reaching their lowest level since August. The average 30-year fixed mortgage interest rate announced by Freddie Mac (Federal Home Loans and Mortgage Corporation) on the 7th is 7.03%. The previous week it was 7.22%.
Forex
Key market events
[Morning Report] Rapid increase in yen due to expectations of early policy changes from the Bank of Japan, and the person responsible for Tesla's supercomputer ...
Distribution source: Dow Jones, MINKABU, Bloomberg, Weiss Advisor, Nihon Keizai Shimbun
Disclaimer: Moomoo Technologies Inc. is providing this content for information and educational use only. Read more
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