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Nikkei average starts 172 yen higher. Market on alert for changes in bond purchases, will Bank of Japan move due to pressure from weakening yen and tight supply and demand?

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moomooニュース日本株 wrote a column · Apr 22, 2024 08:12
Nikkei average starts 172 yen higher. Market on alert for changes in bond purchases, will Bank of Japan move due to pressure from weakening yen and tight supply...
Good morning to all moomoo users!This is an overview of the morning market opening. Thank you in advance.

Market Overview
In today's Tokyo stock market, the Nikkei average stock price started at 37,240.93 yen, up 172.58 yen from the previous trading day, with the TOPIX starting at 2,649.50, up 23.18 points.
Nikkei average starts 172 yen higher. Market on alert for changes in bond purchases, will Bank of Japan move due to pressure from weakening yen and tight supply...
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Market prepared for changes in government bond purchases, as pressure from a weaker yen and supply and demand tightening may prompt action from the Bank of Japan
Amid the relentless weakening of the yen to levels not seen in about 34 years, concerns are rising in the bond market that at the Bank of Japan's monetary policy meeting this week, there might be some indication towards reducing government bond purchases.
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Will the risk-off stop at the Bank of Japan's monetary policy meeting this week? Japanese stocks, yen, and crude oil - Nikkei Business News

How far will the yen buying and dollar selling foreign exchange intervention go? Toshikazu Suzuki, Minister of Finance, "Can sell US bonds" Yohei Hirose
"There is no problem with selling in relation to the United States." Is it difficult to sell US bonds as the source of intervention to buy yen/sell dollars and convert to dollars? When asked at the House of Representatives Financial Affairs Committee on the 12th, Minister of Finance Toshikazu Suzuki made this statement.

The yen is in the 154 yen range, supported by concerns about intervention and the Bank of Japan's meeting, as long-term US interest rates stabilize.
In the morning of the 22nd, the yen exchange rate in the Tokyo foreign exchange market is moving at a slightly lower level compared to the end of last week, with 1 dollar = around 154 yen. Last weekend on the 19th, there was a brief spike in the yen due to concerns in the Middle East. However, as US long-term interest rates narrowed their decline, the dollar rose, and the yen returned to its previous levels before the rise.

Tokyo Electron - Indicates a selling tendency. Last weekend, US high-tech stocks fell, with Nvidia down 10%. | Individual article | News | Traders' Web
$Tokyo Electron (8035.JP)$Indicating a selling tendency. US tech stock declines are causing concerns. In the US market on the 19th last weekend, Nvidia fell 10% as a result of Taiwan's TSMC lowering the overall outlook for the semiconductor industry, and Super Micro Computer fell 23%, causing a significant drop in semiconductor stocks.
Nissan Motor Co. - Indicates a selling tendency. Downward revision of previous period's operating profit due to decrease in sales volume, etc. | Individual article | News | Traders' Web
$Nissan Motor (7201.JP)$Sell orders prevailing. The company announced on the 19th that it is revising downward its consolidated operating profit forecast for the fiscal year 24.3 to 530 billion yen (an increase of 40.5% from the previous year) from the previous 620 billion yen.
Adtest, Disco, and other stocks are sluggish, following a 10% decline in Nvidia shares as part of the risk-off trend in the USA. (Mincaub)
$Advantest (6857.JP)$ $Disco (6146.JP)$And so on are on a soft tone. Both are manufacturers of manufacturing equipment boasting the world's top market share in the post-process of semiconductor manufacturing, but they are facing headwinds in a challenging environment due to the decline in US semiconductor stocks.
Source: Bloomberg, Nihon Keizai Shimbun, Traders Web, MINKABU
Moomoo news on Japanese stocks from Evelyn
Nikkei average starts 172 yen higher. Market on alert for changes in bond purchases, will Bank of Japan move due to pressure from weakening yen and tight supply...
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