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U160 Private ID: 183479070
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    The dollar at 3 p.m., remained flat at mid-161 yen, awaiting US CPI
    July 11, 2024 at 3:57 PM GMT+9 (some excerpts)
    The dollar/yen at 3 p.m., was traded in the middle of 161 yen, unchanged from the end of the New York market the day before. Although price movements were slow ahead of the announcement of the notable US Consumer Price Index (CPI) tonight, there was no change in the depreciation of the yen, such as the euro/yen hitting a new high.
    The dollar was in the middle of 161 yen and trading intersected, and the price range in the Tokyo market remained small, about 30 yen up and down. In the market, attention is being paid to whether it will test the high price of 161.96 yen for the first time in 38 years after the US CPI was announced.
    Meanwhile, since many participants are leaning towards yen depreciation forecasts, it was also pointed out that “if (CPI results) fall below expectations and dollars are sold, there is a possibility that price movements will become even larger” (FX company officials).
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    Our CEO said this spring, "We will recover this year and next year's sales will be record-breaking." This means that with MU's stock price already up 60% since the beginning of the year, it will continue to rise until the end of the year, and even further to 2025. Please support us. They say the future potential of the up-and-coming MU is right there. Analysts' year-end stock price estimates have recently extended to as high as $225.
    One more thing not to overlook is not just MU individually, but the relationship woven by Nvidia/Micron/TSMC. Lately, particularly this triangle is impressively strong, I don't see any other examples where each retains independence. Except when the entire sector is in turmoil, if one stock price drops, the other two cover the total. The image itself is an Ultimate Dragon...
    Now, it's time for the earnings report. You will understand once you watch the pre-session tonight. And this Ultimate Dragon 🐲 with three heads (a mythological three-headed dragon) is about to fully launch and become impressive in a few years, so let's all support it together.
    Nvidia's briefing is going well. Roar, Micron.Analyst financial estimates...
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