Japan Faces Largest Bond Supply In Decade As BOJ Reduces Purchases
12/23 [Strong and Weak Materials]
[Bullish and Bearish Factors] Bullish factors: The Dow Jones Industrial Average rose (42840.26, +498.02). The Nasdaq Composite Index rose (19572.60, +199.83). The Chicago Nikkei Futures rose (38885, +175). The SOX Index rose (4964.91, +71.44). The VIX Index decreased (18.36, -5.73). U.S. crude oil futures rose (69.46, +0.08). U.S. long-term interest rates decreased. Active Share Buyback. Request for corporate value enhancement from the Tokyo Stock Exchange. Bearish factors: Nikkei flat.
Yen Bulls Retreat as Fed, BOJ Dim Hopes of Quick Rate Gap Cut
Yen Could Strengthen Driven By BOJ Hikes And Fed Cuts
Kazuo Ueda releases a dovish stance, and both Bank of America and Nomura have postponed their expectations for the Bank of Japan to raise interest rates.
After the President of the Bank of Japan, Kazuo Ueda, expressed a cautious attitude towards interest rate cuts, Analysts from Bank of America and Nomura Holdings pushed back the expected timing of the Bank of Japan's next interest rate hike from January next year to March.
Japan's senior officials: The government is "alert" to the recent depreciation of the yen and will "intervene" when speculation is excessive.
Japan's Finance Minister Katsunobu Kato stated on Friday that the yen has begun to decline rapidly again, and the government is feeling "vigilant" about the recent Forex trends.
