Account Info
Log Out
English
Back
Log in to access Online Inquiry
Back to the Top

Starting with the Nikkei average rising by 319 yen, exchange intervention is “pretty close,” and the depreciation of the yen and dollar are pretty rapid - former treasurer Furusawa

avatar
moomooニュース日本株 wrote a column · Apr 23 19:12
Starting with the Nikkei average rising by 319 yen, exchange intervention is “pretty close,” and the depreciation of the yen and dollar are pretty rapid - forme...
Good morning to all moomoo users!Here's an overview of this morning's turnaround. Thank you in advance.

Market Overview
Today's Nikkei Stock Average started at 37871.92 yen, 319.76 yen higher than the previous business day, and the Tokyo Stock Price Index (TOPIX) started at 2678.83, 12.60 points higher.
Starting with the Nikkei average rising by 319 yen, exchange intervention is “pretty close,” and the depreciation of the yen and dollar are pretty rapid - forme...
Top news
Bank of Japan discusses impact of accelerated yen depreciation at decision meeting starting 25th - Nihon Keizai Shimbun
The Bank of Japan will hold a monetary policy meeting on the 25th to 26th. Negative interest rates have just been lifted at the March meeting, and there are few voices in the market expecting additional interest rate increases at this meeting. The Bank of Japan will discuss the effects of the depreciation of the yen on the inflation rate through boosting import prices, etc. The focus is also on when the Bank of Japan, which has completed cross-dimensional mitigation, will reduce government bond purchases.

Disadvantage warning due to changes in Japanese stocks that like the depreciation of the yen and becoming chronic - domestic demand hit by increasing costs
As the exchange rate remains low for the first time in 34 years, a sense of caution has begun to rise in the Japanese stock market against the disadvantages brought about by the chronic depreciation of the yen. Speaking of the depreciation of the yen, the general view is that Japanese stocks generally have advantages because they boost profits in major manufacturing industries with large market capitalization, such as automobiles and electronics, where there are many global companies.

Exchange intervention is “pretty close,” the depreciation of the yen and appreciation of the dollar are quite rapid - former treasurer Furusawa
Chairman Furusawa Mitsuhiro of the Sumitomo Mitsui Banking Corporation Institute of International Finance, a former treasurer, expressed recognition that while the yen exchange rate is approaching 1 dollar = 155 yen, the distance until exchange intervention is quite close.
RELATED ARTICLES
The yen is in the latter half of the 154 yen range, and I am aware of the -155 yen milestone even when it rose after reaching a low for the first time in 34 years

The amount of corporate bonds issued in April was a record high, and investment funds flowed into 3-year bonds due to high interest rates
The amount of yen-denominated corporate bonds issued in April hit a record high for the same month. Investment funds are collected in corporate bonds with relatively short redemption periods due to high interest rate expectations. According to data compiled by Bloomberg, the amount of yen bonds issued in April by domestic and foreign companies was 2.2 trillion yen as of the 23rd, an increase of 55% compared to the same point in the previous year.

Tokyo Electron - buying momentum, long-term interest rates in the US fell, SOX index rose 2%, and Texas Instruments financial results are also material
$Tokyo Electron(8035.JP)$It's a buying trend. The rise in US high-tech stocks is viewed as material. The day before, all three major indices rose in the US market.
Nexon-3 day continuation CFO game correction to recover usage of CFO “double digit profit increase in the 10-12 fiscal year” = Nikkei
$NEXON(3659.JP)$continued to increase for 3 days. The morning edition of the Nihon Keizai Shimbun dated 24th reported that the company's Chief Financial Officer Uemura Shiro (CFO) said “we can return to a 2-digit profit increase rate for the fiscal year ending 24/10-12.”
Distribution source: Bloomberg, Nihon Keizai Shimbun, Traders Web
ー Moo Moo News Japanese stock Evelyn
Starting with the Nikkei average rising by 319 yen, exchange intervention is “pretty close,” and the depreciation of the yen and dollar are pretty rapid - forme...
Disclaimer: Moomoo Technologies Inc. is providing this content for information and educational use only. Read more
12
+0
See Original
Report
54K Views
Comment
Sign in to post a comment
    avatar
    moomoo News Official Account
    15KFollowers
    4Following
    132KVisitors
    Follow