External broker reports(aggregated public sources), Mizuho

Mizuho

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.

External broker reports(aggregated public sources)

FX & Rates

<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><p><em>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.</em></p>

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.

JPY

Forex Medium-Term Outlook(June, 2024)