Was Nikkei sold before FOMC
✅ Exchange $USD/JPY (USDJPY.FX)$
・The dollar to yen changed just before 1 dollar = 148 yen
・There is also a scene where they moved to buy yen due to Treasurer Kanda's remarks in the morning
・Wait-and-see mood ahead of FOMC results being announced
・US Treasury Secretary Yellen stated that “it depends” on the situation whether or not the United States will show understanding when Japan steps to buy yen
○Voices from the Market
・Isn't it intended to allow the gradual appreciation of the dollar and the continued depreciation of the yen
・US 10-year bond yields have risen to a high level for the first time in 16 years, so the dollar is still going strong
✅ stock market
・Significant continued decline
・In the morning, there was also a reaction, and it started with strong
・Ahead of FOMC results being announced, they were pushed to adjust their holdings and sell
・Movements in holding adjustments centered on growth stocks and main stocks that are sensitive to interest rate trends due to a sense of caution against rising US interest rates due to rising inflation
○Voices from the Market
・Profit-taking sales of stocks that had been solid until now were easy to come out
・TOPIX is rising at a rapid pace and short-term adjustments are possible, but I think it's basically okay to look upward
・It depends on how the market responds in response to the FOMC results and Chairman Powell's press conference
・The upward trend in crude oil is also seen as bad inflation and is by no means positive
✅ News
・The Tokyo Stock Exchange will extend the spot market trading hours by 30 minutes from 2024/11/5 until 3:30 p.m.
・The current transaction end time is 3:00 p.m., but this will be extended by 30 minutes.
The 5 minute period from 3:25 to 30 just before the end is a “closing auction” where the contract price is determined by a board arrangement method after setting an order acceptance time.
✅ A pretend view
・There is a possibility that expectations for early interest rate cuts next year will fall depending on Chairman Powell's remarks.
・Since it was sold due to event alert, if there are no surprises, they will recapture 33,500 yen
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