Good morning to all Moomoo users!Here are the key points of this morning's first report.
● [Tokyo Stock Exchange Rate Forecast Range] 31,900 yen - 34,400 yen (closing price 32,371 yen 90 sen on the 27th)
● NY crude oil breaks through 93 dollars, high for the first time in a year - rice inventories fall to a dangerous level
● President Kashkari says there is also a possibility of “tightening and shrinking” - government shutdown and long-term strike
● Las Vegas, US, casino employees negotiate to raise wages to prepare for strikes
●UAW to expand strike if no progress is made by Friday
●U.S. Durable Goods Orders Received, Core Capital Goods Recovered in August - Suggests Steadiness of Capital Investment
● US 30-year mortgage interest rate rises to 7.41%, high level since 2000 - demand pressure
●US Micron falls into deficit with declining sales for the fiscal year ending June-8
● Mitsubishi Motors to withdraw production from China, EV sales sluggish
— MooMoo News Kathy　
Market Overview
In the US stock market on the 27th, the NY Dow Jones Industrial Average continued to fall to 33,550 dollars 27 cents, 68 dollars 61 cents lower than the previous business day. The Nasdaq Composite Stock Price Index is 103092.849, 29.239 points higher...

The dollar and yen have risen sharply and are still exploding towards the depreciation of the yen. It seems like it's still going on, so if there's anything I have to worry about due to the yen appreciation shift, it's probably about exchange intervention. Nonetheless, last year's exchange intervention had almost no effect, so I'm wondering if I don't need to think that much about it.
I still had dollars. I had US stocks. Since I was investing in indices, my assets were increasing. Japanese people who only have yen are losing money. The yen index has been falling steadily. Of course, there will be situations where the yen will appreciate someday, but that's why it's a hedge, and in that situation, you should earn money with yen this time.
No matter how it turns out, unless they're really bad at it, people who invest won't lose to people who only work or save money, so it's self-evident that inequality will open up further as Japan heads towards inflation in the future. Stocks also fell drastically last year, but even so, there are a lot of people whose individual stocks were positive even when accumulating money, and there is also a fact in life that doing what needs to be done well is much more important than work.
As long as there is a central bank in capitalism and monetary policy continues, it's about money in life...

If you hastily intervene in the exchange rate at 150 yen, you might have been able to maintain the 148 yen level by intervening in a small and gradual manner at around 148 yen.