Good morning to all moomoo users!Here's an overview of this morning's turnaround. Thank you in advance.
Market Overview
Today's Nikkei Stock Average began at 40798.96 yen, 89.47 yen lower than the previous business day, and the Tokyo Stock Price Index (TOPIX) fell 8.68 points from the previous business day at 2804.54.
Top news
Exchange rates are not in line with fundamentals and are clearly speculative - Kanda Treasurer
On the morning of the 25th, Treasurer Kanda Masato expressed the view that “the exchange rate is not in line with fundamentals and is clearly speculative” regarding the fact that the depreciation of the yen is progressing in the exchange market, and “responds appropriately to fluctuations that have gone too far without eliminating any means.” Preparations have already been made,” and they fought back the market. I told reporters within the Ministry of Finance.
Time to break up with Bank of Japan dependency, companies take the lead in a world with interest rates
The Bank of Japan decides to lift large-scale easing, including negative interest rate policies, and takes a step towards normalizing monetary policy. Long-term mitigation also left a negative legacy. Can businesses, households, and governments return to a “world with interest rates”? The interest rate hike for the first time in 17 years is a turning point in restarting Japan.
The unstoppable depreciation of the yen, and market predictions in the 152 yen range that test the “seriousness” of intervention
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