External broker reports(aggregated public sources), Mizuho

Mizuho

External broker reports(aggregated public sources)

Mizuho Bank is a leading global bank with one of the largest customer bases in Japan, and an extensive international network covering financial and business centers around the world. Content available is external broker reports authored by a third party outside the Smartkarma network and has been aggregated by an online aggregator through publicly available sources and is displayed by Smartkarma in this format for user's convenience and general informational purposes only. Content does not constitute investment or financial advice and Smartkarma makes no representation or warranty regarding its accuracy or contents. Original third party author retains all copyright and other proprietary rights in the content. Access or use of third party links not controlled by Smartkarma are at the user's own risk.

FX & Rates

The Japanese yen is the official currency of Japan. 

<ul><li>After opening June trading around 157.20 yen, the dollar/yen pair then topped its end-of-April high of 160.24 yen, with the yen falling to its lowest level against the dollar since 1986.</li><li>The US had released some weak indicators at the end of May (consumer spending and the Chicago PMI) so the pair moved bearishly at the start of June as US interest rates fell.</li><li>The US May Manufacturing ISM Report on Business then dropped below market expectations, while the ISM Manufacturing New Orders index slumped to its lowest level since June 2022, so the greenback was sold further as US interest rates weakened. </li></ul>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

After opening June trading around 157.20 yen, the dollar/yen pair then topped its end-of-April high of 160.24 yen, with the yen falling to its lowest level against the dollar since 1986.The US had released some weak indicators at the end of May (consumer spending and the Chicago PMI) so the pair moved bearishly at the start of June as US interest rates fell.The US May Manufacturing ISM Report on Business then dropped below market expectations, while the ISM Manufacturing New Orders index slumped to its lowest level since June 2022, so the greenback was sold further as US interest rates weakened. Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

<ul>
<li>USD/JPY continued to rise in June. An interest rate cut by the Fed, which may a lifeline to help correct JPY weakness, is fast approaching, and the BOJ has also indicated monetary policy tightening for the time being, suggesting higher JPY interest rates going forward, but there are still no signs of the weak-JPY trend reversing.</li>
<li>Based on an analysis of the data, the JPY supply-demand climate, which was tilted toward a net selling of JPY, seems to have improved since the beginning of this year compared with 2022 and 2023, leading to a strong suspicion that speculative movements are driving JPY depreciation.</li>
<li>However, if such speculative movements also include household JPY selling following the launch of New NISA, then speculation or not, their ability to be sustained cannot be taken lightly. </li>
</ul>
Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.


USD/JPY continued to rise in June. An interest rate cut by the Fed, which may a lifeline to help correct JPY weakness, is fast approaching, and the BOJ has also indicated monetary policy tightening for the time being, suggesting higher JPY interest rates going forward, but there are still no signs of the weak-JPY trend reversing.
Based on an analysis of the data, the JPY supply-demand climate, which was tilted toward a net selling of JPY, seems to have improved since the beginning of this year compared with 2022 and 2023, leading to a strong suspicion that speculative movements are driving JPY depreciation.
However, if such speculative movements also include household JPY selling following the launch of New NISA, then speculation or not, their ability to be sustained cannot be taken lightly. 

Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

The US dollar is the official currency of the United States of America.

<ul><li>The dollar/yen pair opened the month trading at 157.70 yen.</li><li>It then hit a monthly high of 157.99 yen, though it subsequently fell to the lower-157 yen mark on the dovish FOMC meeting.</li><li>The pair then plummeted to the lower153 yen level during the early hours of May 2 on what appeared to be an intervention by the Japanese authorities.</li></ul>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

The dollar/yen pair opened the month trading at 157.70 yen.It then hit a monthly high of 157.99 yen, though it subsequently fell to the lower-157 yen mark on the dovish FOMC meeting.The pair then plummeted to the lower153 yen level during the early hours of May 2 on what appeared to be an intervention by the Japanese authorities.Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

<ul><li>USD/JPY plunged sharply early in May due to what may have been a currency intervention, but it has subsequently inched back up to trade in the year-to-date high zone.</li><li>A number of ideas are being floated for how to check JPY depreciation, but as of the present time, none of them are being taken seriously, and we seem to be in a phase of waiting patiently for the Fed to lower interest rates.</li><li>Looking at Japan’s monetary policy, JPY interest rates have clearly increased against the backdrop of the BOJ reducing its JPY purchase operation amounts and hawkish remarks from its governor and deputy governor, but there have been no signs of JPY strengthening against USD from the U.S.-Japan interest-rate gap perspective. </li></ul>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

USD/JPY plunged sharply early in May due to what may have been a currency intervention, but it has subsequently inched back up to trade in the year-to-date high zone.A number of ideas are being floated for how to check JPY depreciation, but as of the present time, none of them are being taken seriously, and we seem to be in a phase of waiting patiently for the Fed to lower interest rates.Looking at Japan’s monetary policy, JPY interest rates have clearly increased against the backdrop of the BOJ reducing its JPY purchase operation amounts and hawkish remarks from its governor and deputy governor, but there have been no signs of JPY strengthening against USD from the U.S.-Japan interest-rate gap perspective. Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

<ul><li>USD/JPY continued to rise in April, posting its highest in 34 years.</li><li>The Bank of Japan (BOJ) had been expected to respond to JPY weakness, but it avoided battling forex rates and persisted with the status quo.</li><li>I view this as a respectable stance, but the markets responded with stronger JPY selling. </li></ul>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

USD/JPY continued to rise in April, posting its highest in 34 years.The Bank of Japan (BOJ) had been expected to respond to JPY weakness, but it avoided battling forex rates and persisted with the status quo.I view this as a respectable stance, but the markets responded with stronger JPY selling. Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.