Nikkei average significantly up for the 4th day in a row, recovering to 18,000 yen for the first time in 3 weeks. The yen exchange rate is 1 dollar = 143 yen in the latter half of the day, with the dovish stance of the Bank of Japan weighing.
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Here is the opening situation this morning. Thank you.
Market Overview
On today's Tokyo stock market, the Nikkei average stock price started at 38,171.36 yen, up 447.45 yen from the previous trading day, while the Tokyo Stock Price Index (TOPIX) started at 2,667.06, up 24.71 points.
Market Overview
On today's Tokyo stock market, the Nikkei average stock price started at 38,171.36 yen, up 447.45 yen from the previous trading day, while the Tokyo Stock Price Index (TOPIX) started at 2,667.06, up 24.71 points.
Top News
Bank of Japan's additional rate hike is 'wait and see,' next in December?
●UBS expects the Bank of Japan to raise rates to 0.5% in December, further raise rates by 25 basis points twice in 2025, and reach the 1% level by the end of next year. However, if the yen weakens rapidly in the next 6 weeks and the dollar sharply rises above 150 yen, there is a possibility of considering a rate hike at the meeting at the end of October.
●The Bank of Japan did not disclose clear information about the next rate hike, but the overall attitude is somewhat dovish. According to the statement, Japan's financial situation remains moderate, the judgment on private consumption has been raised slightly from "resilient" to "modest growth trend", which is consistent with recent data.
US Foreign Exchange Market Summary: Softened to around 143.20 yen temporarily due to dovish remarks by senior Fed officials
In the New York foreign exchange market on the 23rd, the dollar-yen exchange rate closed at around 143.61 yen per dollar, down about 25 yen from the end of the previous week. The euro was trading down around 100 yen against the yen at about 159.57 yen per euro.
Hitachi Ltd Sponsored ADR and Nvidia collaborate to run railroads and inspect infrastructure
● $Hitachi (6501.JP)$on the 24th, the US $NVIDIA (NVDA.US)$and announced the development of a system to inspect the safety of railroad infrastructure such as rails, overhead lines, and signals in collaboration.
●The system uses artificial intelligence (AI) to analyze collected data in real time. By detecting anomalies early, it is possible to replace components before major malfunctions occur, improving the reliability of vehicles. It also helps to address labor shortages.
●Hitachi announced in March that it will develop AI services in collaboration with Nvidia, marking the first commercial project in the railroad business.
Source: Press releases from various companies, Bloomberg, Nikkei, MINKABU
moomoo news of individual stocks Evelyn
Bank of Japan's additional rate hike is 'wait and see,' next in December?
●UBS expects the Bank of Japan to raise rates to 0.5% in December, further raise rates by 25 basis points twice in 2025, and reach the 1% level by the end of next year. However, if the yen weakens rapidly in the next 6 weeks and the dollar sharply rises above 150 yen, there is a possibility of considering a rate hike at the meeting at the end of October.
●The Bank of Japan did not disclose clear information about the next rate hike, but the overall attitude is somewhat dovish. According to the statement, Japan's financial situation remains moderate, the judgment on private consumption has been raised slightly from "resilient" to "modest growth trend", which is consistent with recent data.
US Foreign Exchange Market Summary: Softened to around 143.20 yen temporarily due to dovish remarks by senior Fed officials
In the New York foreign exchange market on the 23rd, the dollar-yen exchange rate closed at around 143.61 yen per dollar, down about 25 yen from the end of the previous week. The euro was trading down around 100 yen against the yen at about 159.57 yen per euro.
Hitachi Ltd Sponsored ADR and Nvidia collaborate to run railroads and inspect infrastructure
● $Hitachi (6501.JP)$on the 24th, the US $NVIDIA (NVDA.US)$and announced the development of a system to inspect the safety of railroad infrastructure such as rails, overhead lines, and signals in collaboration.
●The system uses artificial intelligence (AI) to analyze collected data in real time. By detecting anomalies early, it is possible to replace components before major malfunctions occur, improving the reliability of vehicles. It also helps to address labor shortages.
●Hitachi announced in March that it will develop AI services in collaboration with Nvidia, marking the first commercial project in the railroad business.
Source: Press releases from various companies, Bloomberg, Nikkei, MINKABU
moomoo news of individual stocks Evelyn
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