At the Tokyo Foreign Exchange Market on the 26th, the exchange rate of yen was 1 dollar = 143 yen 40 yen at one pointThe yen swayed a lot. Bank of Japan Governor Ueda Kazuo added on the 23rd of the previous weekendContinue to consider raising interest ratesWhile showing an attitude of doing so, Chairman Powell of the US Federal Reserve (Fed) was in SeptemberInterest rate cuts are almost clearThen,I was keenly aware of the prospect of a reduction in interest rate differences between Japan and the US. Bloomberg said, “In the phase of decline in the dollar/yen exchange rate that began in 22/10, the decline from the high price at that time reached about 16%, and assuming that the current depreciation of the dollar progresses on a similar scale,Developments that fall far below 140 yen in the next few weeksIt is expected,” he pointed out. From an exchange strategist”There is a high possibility that they will test the high price of 141 yen 70 yen added to the 5thWhile voices were heard saying”, bank officials felt that the dollar index was undervalued“There is a possibility that it will fluctuate back to around 145 yen” The point of view was also shown. We checked the main yen appreciation merit stocks that rose drastically due to the progress of the yen appreciation on the 26th. (Total market value of 50 billion yen or more)
What rose on the 26th when the pressure to buy yen intensified?
◆ $Hokuetsu (3865.JP)$
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This article uses auto-translation in some sections
On the 21st, the U.S. Bureau of Labor Statistics (BLS) announced that there may have been a 28% lower increase in the number of employees over the past year than previously reported. This revision, the largest in 15 years, raises concerns that the actual economic situation may be weakening more than expected. Although there were suggestions that the Federal Reserve's (FRB) anticipated rate cut in September might have been delayed, the market's reaction was subdued.
On the 21st, U.S. stock market indexes across the board rose, with the S&P 500 up by 0.42%, the Dow up by 0.14%, and the U.S. small-cap stock index and chip stock index rising by over 1%. U.S. bond yields also continued to decline (bond prices rose), falling to nearly 11 basis points. $U.S. 2-Year Treasury Notes Yield (US2Y.BD)$dropping by nearly 11 basis points.
Suggesting a significant slowdown in the labor market.
On the 21st, the U.S. Department of Labor Statistics announced estimated annual revisions for the 2024 employment statistics, lowering the total number of U.S. non-farm sector employees for the year ending in March 2024 to 0.818 million, a downward revision of 0.5%.
Although there was already a sense of slowdown in the U.S. labor market, the reality reflects further cooling.
Official revised values will be released in January 2025...

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 started at 37725.61 yen, 97.13 yen higher than the previous business day, and the Tokyo Stock Price Index (TOPIX) started at 2666.23, 2.70 points higher.
Top news
Bank of Japan to present FY26 price increase of about 2% for today's decision meeting
The Bank of Japan will hold a monetary policy meeting on the 26th. The year-on-year rate of increase in the 2026 consumer price index (CPI, excluding fresh food) shown for the first time after the meeting is expected to be around 2%. There are also indications that low interest rates are one cause of the depreciation of the yen, but the Bank of Japan just lifted the negative interest rate policy at the March meeting, and many market participants also expect monetary policy to “maintain the status quo.”
The impact of a sharp slowdown in the 1.6% rise in consumer prices in Tokyo in April, and free high school tuition
The year-on-year rate of increase in the consumer price index (core CPI excluding fresh food) in the Tokyo district in April, which is a leading indicator of prices nationwide, slowed drastically, and fell below 2%. In addition to the fact that growth in food prices continues to slow, in Tokyo...

Good morning to all moomoo users!This is an overview of the morning market opening. Thank you in advance.
Market Overview
In today's Tokyo stock market, the Nikkei average stock price started at 37,871.92 yen, up 319.76 yen from the previous trading day, and the Tokyo Stock Price Index (TOPIX) started at 2,678.83, up 12.60 points.
Top News
Bank of Japan to hold decision meeting from the 25th, discussing the impact of accelerated depreciation of the yen - Nikkei newspaper
The Bank of Japan will hold a monetary policy decision meeting on the 25th and 26th. Having just lifted the negative interest rate at the March meeting, there are few expectations in the market for an additional rate hike at this meeting. The Bank of Japan will discuss the impact of the yen's depreciation on import prices and other factors contributing to inflation. An area of focus is when the Bank of Japan, having ended its unconventional easing measures, will start reducing the amount of government bond purchases.
Concerns rise in Japan's stock market about disadvantages of chronic weakening yen - impacting domestic demand by increasing costs
As the market moves into a 34-year low range, there is a growing sense of caution in the Japanese stock market regarding the disadvantages brought by the chronic depreciation of the yen. When it comes to a weak yen, major manufacturers with high market capitalization like global automobile and electronics companies are often mentioned.

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 37745.04 yen, 216.76 yen lower than the previous business day, and the Tokyo Stock Price Index (TOPIX) fell 9.72 points at 2653.43.
Top news
Japan, the US, and South Korea at the first finance ministers' meeting to “recognize concerns about the depreciation of the yen and the depreciation of the won” - Nihon Keizai Shimbun
Japan, the United States, and South Korea held their first finance ministers' meeting on the 17th in Washington, USA. We have compiled a joint statement incorporating “Japan and South Korea's serious concerns about the recent rapid depreciation of the yen and won, and will continue to closely discuss trends in the foreign exchange market.”
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