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The Nikkei average started with a significant decline, with attention on the remarks of Governor Ueda of the Bank of Japan! Will it be a surprise reversal of previous statements?

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moomooニュース日本株 wrote a column · Nov 18, 2024 08:14
The Nikkei average started with a significant decline, with attention on the remarks of Governor Ueda of the Bank of Japan! Will it be a surprise reversal of pr...
Good morning to all moomoo users!Opening overview for the morning. Thank you in advance.
Market Overview
In today's Tokyo stock market, the Nikkei average stock price started at 38,259.59 yen, down 383.32 yen from the previous trading day, and the Tokyo Stock Price Index (TOPIX) started at 2,692.82, down 18.82 points. Following the decline in US stocks at the end of last week, selling is leading in a wide range of industries.
The Nikkei average started with a significant decline, with attention on the remarks of Governor Ueda of the Bank of Japan! Will it be a surprise reversal of pr...
The Nikkei average started with a significant decline, with attention on the remarks of Governor Ueda of the Bank of Japan! Will it be a surprise reversal of pr...
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Focus on the remarks of Governor Ueda of the Bank of Japan! Will it be a positive statement towards tightening observations, or will it be a surprise overturning previous statements?
Governor Ueda is scheduled to speak at the financial and economic forum in Nagoya from 10:05 am today, followed by a press conference in the afternoon. The market will assess the possibility of additional rate hikes or keeping rates steady at the Bank of Japan monetary policy meeting on December 18-19 based on the governor's remarks.
After the Bank of Japan meeting in October, Governor Ueda mentioned not using the "time flexibility" until additional rate hikes. Furthermore, the hindrance to rate hikes, known as "market turmoil," has been calming down, increasing the likelihood of moving forward with additional rate hikes at the next meeting.
Today, we should pay attention to whether there will be positive comments regarding the tightening observation in December, or whether there will be a surprise turnaround like Federal Reserve Chairman Powell did last week.
【Today's Outlook】Awareness of Trump rally continuation.
Last weekend, the dollar-yen exchange rate in the Tokyo market reached the 156.70 yen range before plummeting nearly 3 yen to the 153.80 yen range. In the NY market, the drop seemed more driven by yen strength rather than dollar weakness, leading to significant losses in cross-yen pairs. Risk aversion sentiment is spreading, but there is still strong caution against the Trump rally this week. Whether the dollar-yen will overcome last weekend's adjustment and return to an upward trend is the key focus.
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U.S. Foreign Exchange Market Summary: Softened temporarily to 153.80 yen due to profit-taking and position adjustments.
On the 15th in the New York foreign exchange market, the dollar-yen exchange rate closed around 154.30 yen per dollar, ending the trade with a reduction of about 2.00 yen compared to the previous day, indicating dollar weakness and yen strength. The euro was weak against the yen, trading around 162.66 yen per euro, showing a decline of about 1.90 yen per euro compared to the last trading day.
Report request orders to four major non-life insurance companies for the second time due to leakage issued by the Financial Services Agency.
In a series of information leakage issues involving four major non-life insurance companies, it has been revealed that on the 15th, the Financial Services Agency issued report request orders based on the Insurance Business Act and the Personal Information Protection Act. The deadline for the report is December 13. The agency had already issued report request orders to the four companies on July 22, marking the second time regarding this matter. The four companies are Sompo Japan, Tokio Marine & Nichido Fire Insurance, Mitsui Sumitomo Insurance, and AIOI Nissay Dowa Insurance.
Toyota Motor Corporation – Down for the first time in 3 days. Nikkei reports a 25% increase in the cruising distance of the HV hydrogen engine.
$Toyota Motor (7203.JP)$It fell for the first time in three days. The morning edition of the Nikkei newspaper dated the 17th reported that the company unveiled a hybrid car (HV) that uses both a hydrogen gas engine and a motor as the power source.
Machinery orders in September decreased by 0.7%, with a forecast of 5.7% increase for the October-December period.
According to the machinery orders statistics for September released by the Cabinet Office on the 18th, the amount of orders (seasonally adjusted) for 'civilian demand excluding ships and electrical power,' an indicator of private capital investment, decreased by 0.7% compared to the previous month, amounting to 851.9 billion yen. Market expectations were a 2.1% increase. The forecast for the October-December period of the 24th fiscal year is an increase of 5.7%.
Japan Post Insurance - Approaching the high of July
$Japan Post Insurance (7181.JP)$After a sharp rise over the weekend with an opening gap, it has recovered the 3000 yen mark not seen since early August. While there is a consciousness of a reaction to the sharp increase, it has broken through the 13-week line, as well as the 26-week and 52-week lines which had been functioning as resistance lines, leading to a trend reversal.
Suzuki --- Aiming for a rebound stance.
$Suzuki Motor (7269.JP)$Although there have been scenes of rebounding at the foot to break through the 200-day line, the line continues to function as resistance, emitting consecutive dark lines and falling below the 75-day line. In Ichimoku cloud system, it broke through the upper limit of the cloud, but after adjusting down to the lower limit of the cloud, a movement aiming for a rebound is likely to be observed. The lagging span has crossed the solid line, but with the solid line expected to trend downward in the future, there may be a possibility of generating an upward signal again, surpassing the solid line.
Source: NHK, Trader's Web, FISCO, MINKABU
- moomoo news on individual Japanese stocks Sherry
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