Tokyo Market Summary: Nikkei Average continues to fall for 8 days, feeling wary of “August yen appreciation,” and the Fed is watching closely
![Tokyo Market Summary: Nikkei Average continues to fall for 8 days, feeling wary of “August yen appreciation,” and the Fed is watching closely](https://sgsnsimg.moomoo.com/sns_client_feed/181569713/20240726/594198697520716f41f966158a101ee0.png/big?area=105&is_public=true)
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●The Nikkei Average ended at 37667.41 yen, 202.10 yen lower than the previous business day
● Concerns about future safety that remain even after the Nikkei average falls by 4000 yen, individual predicament due to depreciation in high-tech stocks
● A sense of alarm about the “appreciation of the yen in August” currency options market is watching closely by the Fed
● Will the “abnormal” appreciation of the yen collapse as early as next week - risk from both Japanese and US authorities
● Toyota builds Asian supply network for completed EV battery factory in Fukuoka
● Fujitsu shares rose 10%, net profit quadrupled from April to June, strong IT services
● Attention to the handle: $Tokyo Electron (8035.JP)$、 $Lasertec (6920.JP)$、 $Toyota Motor (7203.JP)$、 $Fujitsu (6702.JP)$etc
ー MooMoo News Japanese stock Sherry
●The Nikkei Average ended at 37667.41 yen, 202.10 yen lower than the previous business day
● Concerns about future safety that remain even after the Nikkei average falls by 4000 yen, individual predicament due to depreciation in high-tech stocks
● A sense of alarm about the “appreciation of the yen in August” currency options market is watching closely by the Fed
● Will the “abnormal” appreciation of the yen collapse as early as next week - risk from both Japanese and US authorities
● Toyota builds Asian supply network for completed EV battery factory in Fukuoka
● Fujitsu shares rose 10%, net profit quadrupled from April to June, strong IT services
● Attention to the handle: $Tokyo Electron (8035.JP)$、 $Lasertec (6920.JP)$、 $Toyota Motor (7203.JP)$、 $Fujitsu (6702.JP)$etc
ー MooMoo News Japanese stock Sherry
Market Overview
Today's Nikkei Stock Average ended at 37667.41 yen, 202.10 yen lower than the previous business day, and the Tokyo Stock Price Index (TOPIX) fell 10.32 points to 2699.54.
Today's Nikkei Stock Average ended at 37667.41 yen, 202.10 yen lower than the previous business day, and the Tokyo Stock Price Index (TOPIX) fell 10.32 points to 2699.54.
Top news
Concerns about future safety that remain even after the Nikkei average falls by 4000 yen, individual predicament due to depreciation in high-tech stocks
The Nikkei Average fell by about 4000 yen in just 2 weeks from the all-time high (0.04 million2224 yen) set on the 11th to the 25th. It seems that unstable market developments will continue in the future due to the yen exchange rate in the foreign exchange market. Sales of semiconductor stocks, which dominated the world until around spring, continued today. Risk-off movements have intensified, and if individual investors who have strengthened their contrarian orientation cannot support the market price, there remains a sense of caution that adjustments will further deepen. $Tokyo Electron (8035.JP)$It continued to drop for 3 days. It hit a low of 0.02 million7570 yen, which temporarily fell 4.96% for the first time in 5 months. $Lasertec (6920.JP)$It also fell by about 3%, and the year-to-date low was updated every day.
Concerns about future safety that remain even after the Nikkei average falls by 4000 yen, individual predicament due to depreciation in high-tech stocks
The Nikkei Average fell by about 4000 yen in just 2 weeks from the all-time high (0.04 million2224 yen) set on the 11th to the 25th. It seems that unstable market developments will continue in the future due to the yen exchange rate in the foreign exchange market. Sales of semiconductor stocks, which dominated the world until around spring, continued today. Risk-off movements have intensified, and if individual investors who have strengthened their contrarian orientation cannot support the market price, there remains a sense of caution that adjustments will further deepen. $Tokyo Electron (8035.JP)$It continued to drop for 3 days. It hit a low of 0.02 million7570 yen, which temporarily fell 4.96% for the first time in 5 months. $Lasertec (6920.JP)$It also fell by about 3%, and the year-to-date low was updated every day.
The currency options market is wary of the “appreciation of the yen in August,” and the Fed is watching closely
There is a movement to brace for the “appreciation of the yen in August,” which is regarded as a rule of thumb in the foreign exchange market. In the currency options market where the right to buy and sell currency is traded, there is an increase in transactions that are wary of the appreciation of the yen and depreciation of the dollar one month from now. The Japan-US monetary policy meeting will be held at the end of July, but there is a possibility that the seeds of turbulence await the yen exchange rate in August. “August is prone to strong yen and depreciation of the dollar.” These myths have been whispered in the foreign exchange market for many years.
RELATED ARTICLES
Will the “abnormal” appreciation of the yen collapse as early as next week - risk from both Japanese and US authorities
The volatility of yen accelerated, and fluctuations increased due to summer vacation and Bank of Japan risk
Bank of Japan Governor Ueda's unusually long silence was a factor in the interlacing speculations of interest rate hikes before the decision meeting
The period when there is no information transmission from Governor Ueda Kazuo before the Bank of Japan's monetary policy meeting is likely to be the longest so far. As a result, the difficulty of predicting monetary policies has increased, and there is a possibility that it is a factor that increases financial market volatility. Governor Ueda did not speak publicly about monetary policy at the end of his remarks at the Diet on June 18. This length of silence is unusual for Mr. Ueda, who is one of the governors who frequently disseminates information among the world's major central banks, who sometimes makes statements many times a day.
There is a movement to brace for the “appreciation of the yen in August,” which is regarded as a rule of thumb in the foreign exchange market. In the currency options market where the right to buy and sell currency is traded, there is an increase in transactions that are wary of the appreciation of the yen and depreciation of the dollar one month from now. The Japan-US monetary policy meeting will be held at the end of July, but there is a possibility that the seeds of turbulence await the yen exchange rate in August. “August is prone to strong yen and depreciation of the dollar.” These myths have been whispered in the foreign exchange market for many years.
RELATED ARTICLES
Will the “abnormal” appreciation of the yen collapse as early as next week - risk from both Japanese and US authorities
The volatility of yen accelerated, and fluctuations increased due to summer vacation and Bank of Japan risk
Bank of Japan Governor Ueda's unusually long silence was a factor in the interlacing speculations of interest rate hikes before the decision meeting
The period when there is no information transmission from Governor Ueda Kazuo before the Bank of Japan's monetary policy meeting is likely to be the longest so far. As a result, the difficulty of predicting monetary policies has increased, and there is a possibility that it is a factor that increases financial market volatility. Governor Ueda did not speak publicly about monetary policy at the end of his remarks at the Diet on June 18. This length of silence is unusual for Mr. Ueda, who is one of the governors who frequently disseminates information among the world's major central banks, who sometimes makes statements many times a day.
Featured stocks
Toyota builds Asian supply network for completed EV battery factory in Fukuoka
$Toyota Motor (7203.JP)$will establish a new lithium-ion battery factory for electric vehicles (EVs) in Fukuoka Prefecture. Batteries are supplied to a factory in the same prefecture that produces the luxury car brand “Lexus.” In Kyushu, new advanced semiconductor factories necessary for EVs and autonomous driving have also been built one after another. The Chinese are rising with EVs, and the Japanese are shrinking production in Asia. A major EV supply network will be built in Kyushu, and it will be a stepping stone for counterattacks aimed at expanding exports.
RELATED ARTICLES
120 billion yen subsidy for Toyota EV batteries to strengthen domestic production Ministry of Economy, Trade and Industry
Toyota builds Asian supply network for completed EV battery factory in Fukuoka
$Toyota Motor (7203.JP)$will establish a new lithium-ion battery factory for electric vehicles (EVs) in Fukuoka Prefecture. Batteries are supplied to a factory in the same prefecture that produces the luxury car brand “Lexus.” In Kyushu, new advanced semiconductor factories necessary for EVs and autonomous driving have also been built one after another. The Chinese are rising with EVs, and the Japanese are shrinking production in Asia. A major EV supply network will be built in Kyushu, and it will be a stepping stone for counterattacks aimed at expanding exports.
RELATED ARTICLES
120 billion yen subsidy for Toyota EV batteries to strengthen domestic production Ministry of Economy, Trade and Industry
Fujitsu shares rose 10%, net profit quadrupled from April to June, strong IT services
$Fujitsu (6702.JP)$There has been a sharp rebound for the first time in 5 business days. It rose 10.14% to 2682 yen 50 yen at one point. In the consolidated financial results (international accounting standards) for the fiscal year ending 2024/4/6 announced after the end of transactions on the 25th, net profit was 16.8 billion yen, 4 times the same period last year, and sales revenue corresponding to sales increased 4% to 830 billion yen. The full-year forecast for the fiscal year ending 25/3 has been left unchanged, but purchases that evaluate the current increase in sales and profit are being collected.
Distribution source: Bloomberg, Nihon Keizai Shimbun
$Fujitsu (6702.JP)$There has been a sharp rebound for the first time in 5 business days. It rose 10.14% to 2682 yen 50 yen at one point. In the consolidated financial results (international accounting standards) for the fiscal year ending 2024/4/6 announced after the end of transactions on the 25th, net profit was 16.8 billion yen, 4 times the same period last year, and sales revenue corresponding to sales increased 4% to 830 billion yen. The full-year forecast for the fiscal year ending 25/3 has been left unchanged, but purchases that evaluate the current increase in sales and profit are being collected.
Distribution source: Bloomberg, Nihon Keizai Shimbun
![Tokyo Market Summary: Nikkei Average continues to fall for 8 days, feeling wary of “August yen appreciation,” and the Fed is watching closely](https://sgsnsimg.moomoo.com/sns_client_feed/181569713/20240513/ce0a4b76f27541b083cf71a59461123c.png/big?area=105&is_public=true)
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