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Nikkei opens 149 yen higher - Will Japan hold back on intervention until the US CPI reaches around 153 yen?

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moomooニュース日本株 wrote a column · Apr 9 08:10
Nikkei opens 149 yen higher - Will Japan hold back on intervention until the US CPI reaches around 153 yen?
Good morning, moomoo users!Here is an overview of the opening this morning. Thank you.

Market Overview
In today's Tokyo stock market, the Nikkei average stock price started at 39,496.95 yen, up 149.91 yen from the previous trading day, and the Tokyo Stock Price Index (TOPIX) started at 2,739.27, up 10.95 points.
Nikkei opens 149 yen higher - Will Japan hold back on intervention until the US CPI reaches around 153 yen?
Top news of individual stocks
Bank of Japan Governor Haruhiko Kuroda, who is the first scholar to hold the position after the war, marks his first year in office after assuming the presidency on the 9th. He is highly rated for successfully ending a historic large-scale easing without chaos. While showing the face of a skilled player in the past year, the real showdown towards achieving the price target lies ahead.
Bank of Japan Governor Haruhiko Kuroda, who is the first scholar to hold the position after the war, marks his first year in office after assuming the presidency on the 9th. He is highly rated for successfully ending a historic large-scale easing without chaos. While showing the face of a skilled player in the past year, the real showdown towards achieving the price target lies ahead.

Japan's intervention, the red line is estimated to be around 153 yen - to be preserved until after the U.S. CPI.
The yen exchange rate is approaching an important level that is the lowest in 34 years, but Japanese authorities are likely to intervene to support the currency after waiting for the release of the US Consumer Price Index (CPI) statistics this week, as pointed out by Standard Chartered.

Improvement in the liquidity of Japanese government bonds weakens Bank of Japan's control with negative interest rates and Yield Curve Control (YCC) abolished.
After the Bank of Japan abolished the negative interest rates and Yield Curve Control (YCC) policy at the monetary policy meeting on March 19, trading of Japanese government bonds increased, and liquidity gradually began to improve.

Shin-Etsu Chemical Industries - buying interest, investing about 83 billion yen in a new semiconductor materials factory in Gunma Prefecture, according to Nikkei.
$Shin-Etsu Chemical (4063.JP)$Showing buying interest. The Nikkei morning edition dated the 9th reported that the company is planning to build a new semiconductor materials factory in Gunma Prefecture.
Rohm - selling interest, raising 200 billion yen with Euro-yen denominated Convertible Bonds to allocate funds for repayment of borrowings.
$Rohm (6963.JP)$Showing selling interest. On the 8th, the company announced the issuance of Euro-yen denominated Convertible Bonds with stock acquisition rights due in 2029 and 2031.
Source: Bloomberg, The Nikkei, Tradersweb.
moomoo News Japan Stocks Evelyn
Nikkei opens 149 yen higher - Will Japan hold back on intervention until the US CPI reaches around 153 yen?
Nikkei opens 149 yen higher - Will Japan hold back on intervention until the US CPI reaches around 153 yen?
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