Metals, Ores, and Mining Firms, Mint Finance

Pranay Yadav

Metals, Ores, and Mining Firms

Deep Fundamental Analysis

Mint Finance

Mint Finance's investment research blends deep fundamental analysis with technical & quant insights. Investment strategies straddle across multiple asset classes with risk management embedded into every trade to deliver an outsized reward-to-risk ratio.

Mint Finance's research is centered around three key themes. First, energy transition and climate change. Second, artificial intelligence. Third, shifting world order with its impact across politics and monetary economics.

Cross Asset Strategy

<ul>
<li>Fundamental weakening bias in Yen has returned with BoJ unlikely to exit loose policy as inflation has cooled and sustainable economic growth remains uncertain.</li>
<li>Dollar also looks stronger as economic data from the US has shown a rebound in inflation as well as an unexpectedly strong economy.</li>
<li>Yen likely to maintain weakening trend, barring intervention. However, it may face resistance as it approaches November lows.</li>
</ul>


Fundamental weakening bias in Yen has returned with BoJ unlikely to exit loose policy as inflation has cooled and sustainable economic growth remains uncertain.
Dollar also looks stronger as economic data from the US has shown a rebound in inflation as well as an unexpectedly strong economy.
Yen likely to maintain weakening trend, barring intervention. However, it may face resistance as it approaches November lows.


Mint Macro Roundup: Barring BoJ Intervention, Will Yen to Tank to New Lows?

Global Multi-Asset Investment Strategist, True Insights

Jeroen Blokland

Global Multi-Asset Investment Strategist

Build Well-Diversified Multi-Asset Portfolios

True Insights

Our research helps investors build well-diversified multi-asset portfolios and profit from market developments. In addition, our unique and proven Macro – Sentiment – Valuation (MSV) investment framework ensures a consistent flow of new investment opportunities. Together with our market views, these opportunities will be reflected in our live ETF-based Global Multi-Asset Portfolios.

Macroeconomics

<ul>
<li>Many economists expect the Bank of Japan, after systematically refusing to adjust its extremely loose monetary policy will be the only country to raise interest rates in 2024.</li>
<li>If the Bank of Japan decides to raise interest rates, at the same time, global tightening momentum wanes, betting on a stronger yen is a sure thing.</li>
<li>But with inflation dropping, the Manufacturing PMI below 50, consumer spending and real wages declining, the window for tighter monetary policy is closing rapidly, and hence a long yen position.</li>
</ul>


Many economists expect the Bank of Japan, after systematically refusing to adjust its extremely loose monetary policy will be the only country to raise interest rates in 2024.
If the Bank of Japan decides to raise interest rates, at the same time, global tightening momentum wanes, betting on a stronger yen is a sure thing.
But with inflation dropping, the Manufacturing PMI below 50, consumer spending and real wages declining, the window for tighter monetary policy is closing rapidly, and hence a long yen position.


Japan Taking a Trip Down Tightening Lane? Sure!

Head of Research and Global Chief Strategist, Steno Research

Andreas Steno

Head of Research and Global Chief Strategist

Macro and Geopolitical Research House

Steno Research

Steno Research is a new macro and geopolitical research house. We are based out of Copenhagen, Denmark, but have an international team and a strong network of sources and partners around the world. The team is lead by Andreas Steno, previous global head of strategy at Nordea Bank, and Mikkel Rosenvold, former chief consultant in the Danish Ministry of Finance.

<ul>
<li>Hello everyone, and welcome back to our weekly positioning overview.</li>
<li>We’ve been working on some new ways to look at positioning data across asset classes, and we’ll share some of the inaugural charts in today’s piece and will extend them, week by week.</li>
<li>Markets have more or less traded sideways since the start of the year, as the risk-on party has taken a bit of a breather it seems, despite rate cut expectations becoming even more embedded after the hawkish US CPI surprise last Thursday – strange move, and we’ll be surprised if probabilities don’t reverse within the next couple of price data points.</li>
</ul>


Hello everyone, and welcome back to our weekly positioning overview.
We’ve been working on some new ways to look at positioning data across asset classes, and we’ll share some of the inaugural charts in today’s piece and will extend them, week by week.
Markets have more or less traded sideways since the start of the year, as the risk-on party has taken a bit of a breather it seems, despite rate cut expectations becoming even more embedded after the hawkish US CPI surprise last Thursday – strange move, and we’ll be surprised if probabilities don’t reverse within the next couple of price data points.


Positioning Watch – Where to Find Value Currently

<ul>
<li>Happy Sunday and welcome to our flagship editorial on the Coronation day of King Frederik in Copenhagen.</li>
<li>I guess it is somewhat telling for my lack of enthusiasm around the event that I am sitting here spitting out research instead of watching the Crowning.</li>
<li>The US CPI report printed a tad hotter than expected last week, but smack dab at our expectations of a 3.9% YoY level in core terms.</li>
</ul>


Happy Sunday and welcome to our flagship editorial on the Coronation day of King Frederik in Copenhagen.
I guess it is somewhat telling for my lack of enthusiasm around the event that I am sitting here spitting out research instead of watching the Crowning.
The US CPI report printed a tad hotter than expected last week, but smack dab at our expectations of a 3.9% YoY level in core terms.


Steno Signals #82 – Inflation strikes back and no one is prepared for it

<ul>
<li>After a ten-year struggle, US spot Bitcoin ETFs have been approved, closing one of the most entertaining and remarkable (what regulator gets hacked in the process) ETF races ever.</li>
<li>US inflation came in hotter than expected, but unlike previous months, underlying data was pretty benign, with one measure of headline CPI dropping below 2% for the first time in 3.5 years.</li>
<li>Chinese equities are out. And not just by sentiment-driven short-term investors. Meanwhile, Japanese stocks are on fire, powering ahead by more than 6% since the start of this year.</li>
</ul>


After a ten-year struggle, US spot Bitcoin ETFs have been approved, closing one of the most entertaining and remarkable (what regulator gets hacked in the process) ETF races ever.
US inflation came in hotter than expected, but unlike previous months, underlying data was pretty benign, with one measure of headline CPI dropping below 2% for the first time in 3.5 years.
Chinese equities are out. And not just by sentiment-driven short-term investors. Meanwhile, Japanese stocks are on fire, powering ahead by more than 6% since the start of this year.


The Weekly Market Monitor – Chinese Equities Out, Bitcoin In!

Japan

The Japanese yen is the official currency of Japan. 

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Mint Macro Roundup: Barring BoJ Intervention, Will Yen to Tank to New Lows?

The Japanese Yen weakens due to BoJ's loose policy and uncertain economic growth, while the US Dollar strengthens with rebounding inflation. Yen...

Mint Finance

Japan Taking a Trip Down Tightening Lane? Sure!

The window for Bank of Japan monetary tightening is closing swiftly, suggesting this is not the time to be long the yen.

Jeroen Blokland

Positioning Watch – Where to Find Value Currently

Markets have more or less traded sideways since the start of the year, as the risk-on party has taken a bit of a breather it seems, despite rate...

Steno Research

Steno Signals #82 – Inflation strikes back and no one is prepared for it

Happy Sunday and welcome to our flagship editorial on the Coronation day of King Frederik in Copenhagen. I guess it is somewhat telling for my...

Steno Research

The Weekly Market Monitor – Chinese Equities Out, Bitcoin In!

With hindsight, this week likely marks Bitcoin's 'official' adoption as a new asset class. Meanwhile, investors seem done with China, once the...

Jeroen Blokland

Price Gauge

52-week Range

Market Cap (USDm)

P/E

Dividend (Yield)

Mint Macro Roundup: Barring BoJ Intervention, Will Yen to Tank to New Lows?

​The Japanese Yen weakens due to BoJ's loose policy and uncertain economic growth, while the US Dollar strengthens with rebounding inflation. Yen...

Mint Finance

Japan Taking a Trip Down Tightening Lane? Sure!

The window for Bank of Japan monetary tightening is closing swiftly, suggesting this is not the time to be long the yen.

Jeroen Blokland

Positioning Watch – Where to Find Value Currently

Markets have more or less traded sideways since the start of the year, as the risk-on party has taken a bit of a breather it seems, despite rate...

Steno Research

Steno Signals #82 – Inflation strikes back and no one is prepared for it

Happy Sunday and welcome to our flagship editorial on the Coronation day of King Frederik in Copenhagen. I guess it is somewhat telling for my...

Steno Research

The Weekly Market Monitor – Chinese Equities Out, Bitcoin In!

With hindsight, this week likely marks Bitcoin's 'official' adoption as a new asset class. Meanwhile, investors seem done with China, once the...

Jeroen Blokland

The Japanese Yen weakens due to BoJ's loose policy and uncertain economic growth, while the US Dollar strengthens with rebounding inflation. Yen...