[Japan Market Conditions] Stock falls, yen temporarily rises to 144 yen, performance concerns - bonds rise

Updated 2024/8/21 16:10 JST (some excerpts)
Stocks fell in the Japanese market on the 21st. The appreciation of the yen progressed to the 1 dollar = 144 yen level for the first time in 1 week in the exchange market, and concerns about the future of corporate performance spread. Bond prices rose (interest rates fell) by taking over the trend where long-term interest rates declined in the United States.
　　In the exchange market, ahead of the annual symposium (Jackson Hole meeting) hosted by the Kansas City Federal Reserve starting on the 22nd, the dollar gradually depreciated from observations of lower US interest rates, and the Bloomberg Dollar Spot Index temporarily hit a low level since March. If the increase in the number of people employed per year until March is drastically revised downward due to the standard revision of US employment statistics to be announced on the 21st, concerns about the US economy and observations of drastic interest rate cuts may be rekindled, and the risk of depreciation of the dollar and appreciation of yen is feared.