Moomoo users, good morning!Here are the key points of the early morning report today.
●【Tokyo stock market expected range】8,050 to 8,400 (closing price on the 29th at 38,208.03 yen).
● BOJ Governor Ueda: 'Economic data is progressing as expected,' increasing probability of rate hike in December.
Trump, the next President, warns BRICS countries of a 100% tariff if they push for 'dollar exit'.
Mr. Trump nominates his ally Mr. Boulos as the senior advisor for Middle East issues.
BTC rebounds, aiming again at $0.1 million, with ETF inflows in November reaching a record high.
Today's stock price news - Daiichi Sankyo to invest 23 billion yen in China for establishing pharmaceutical production facilities.
- Moomoo News Mark
Market Overview
The US stock market rebounded on the 29th. Both the Dow Jones and S&P 500 updated historical intraday and closing highs, while the Nasdaq Composite also approached 0.42% from the closing high. It was a shortened trading session until 1 p.m. after Thanksgiving, but continued to be supported by expectations for President Trump's upcoming administration policies and expectations of rate cuts by the Federal Reserve (FRB)...

Looking at the short to medium term interest rates in Japanese Yen and US Dollar, it is almost certain that the Fed will cut rates and the Bank of Japan will raise rates. The market is expected to be seeing this, so I would like to organize the recent trading process.
In carry trade, it has been reasonable globally to borrow low-interest assets and invest in high-interest assets to make a profit. Therefore, it was logical to borrow the low-interest Yen and invest in the high-interest Dollar.
Considering the recent policy changes of the Fed and the Bank of Japan, the flow has reversed, leading to a stronger Yen and weaker Dollar, reaching levels around 140 Yen per Dollar. It is now considered theoretically optimal to sell Dollars and buy Yen. In the very short term, I believe that Tokyo's price index and personnel changes in the US new administration were significant factors driving this.
Even if the Japanese yen interest rate reaches 0.5% and the U.S. interest rate reaches 3.5%, there is still a 3% interest rate difference between the two, so it is not enough to completely reverse carry trades. Therefore, it is anticipated that temporary yen strength and dollar weakness will occur, but this is expected to be limited. Even if the interest rate difference between the two disappears in the future, it is expected to happen quite far in the future, and during that time, the relative interest rates...

Interest rate spread between the USA and Japan is narrowing.
Will the yen appreciate to some extent by the end of the year?

😆 "The USD/JPY has dropped below 150 yen, right?"
"The strengthening yen trend cannot be stopped.."
In the Japanese market on the 29th, the yen exchange rate rose against the dollar, reaching the mid-149 yen level for the first time in over a month.Strong yenIt fluctuated at the level. In Tokyo's consumer price index (CPI) for the city area, excluding fresh food, it exceeded market financial estimates.There was a strengthening of the yen buying due to the view that it would support additional rate hikes by the Bank of Japan.Stock prices fell, and the bond market saw a decrease in medium-term bonds. (11/29 16:00 article)
😅"Inflation is progressing towards a world that is increasingly unfriendly to the general public"
"Before raising rates! Hurry up and increase wages! Ishiba, what a mess!"
😂The Bank of Japan does not wait lol.
Nikkei Dollar-Yen
❌Nikkei index continues to fall without stopping the trend ↘️.
❌Volume is low and there is no vitality 🥶.
The 38,000 resistance line is very strong.
The sudden drop in the USD/JPY pair leads to a stronger yen.
There is a correlation between the Nikkei and the USD/JPY, making it easy to understand the trend direction during the day.
There are many large buy orders after the opening.and although it briefly drops below 38,000.Bounce back significantly with support.
'Have you been day trading since it fell below 38,000 recently?'
😆'Did I get caught? I always aim for profits when it bounces back up after breaking 38,000↗️'
'How sneaky...'
😆 "I just need to win...