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 USD/JPY is steadily rising and heading towards a further depreciation of the yen. If there is something to be concerned about in the ongoing yen depreciation trend, it would be currency intervention. However, considering that the effectiveness of currency intervention last year was almost negligible, perhaps it may not be necessary to worry too much about it.
Having held dollars, owned US stocks, and engaged in index investments, assets have been increasing steadily. Japanese individuals who only hold yen are only experiencing losses. The yen index is on a downward trend. Of course, there will be occasions when the yen strengthens, hence the need for hedging, and during those times, it would be beneficial to earn in yen.
No matter how the situation unfolds, as long as one is not extremely inexperienced, individuals who invest will not lose to those who solely rely on labor and savings. It is evident that as Japan heads towards inflation, the wealth gap will further widen. Despite significant drops in the stock market last year, there were many individuals who profited from regular investments and individual stocks, emphasizing that doing what needs to be done is far more crucial in life than just working.
As long as central banks exist in capitalism and continue to implement monetary policies, the importance of 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.