Quotes from the news wire:
It's all about interest rate differentials, and expectations.
Found on Reuters 8 years ago
The street is all hot and sweaty for a duel bazooka to be launched on both fiscal and monetary nature.
Found on Reuters 8 years ago
It's quite a huge thing, I think the hypothetical impact could be that the EU itself has to rethink about itself (if Britain leaves the EU)... Things like that could disrupt the yen.
Found on Reuters 8 years ago
It's going to come down to the yen. We expect the BOJ to do nothing. So if the Fed does nothing, and the BOJ does nothing, there is nothing there for the US dollar to strengthen.
Found on Reuters 8 years ago
Things are very central-bank driven at the moment, japan Inc. has reported its earnings and with no other catalysts on the horizon investors are going to remain very focused on what central banks are doing.
Found on Reuters 8 years ago
It's nice to see the Nikkei blast up above 17,000 points but it's hard to imagine that we'll hold this level with so much global uncertainty and geopolitical risk, it's only a matter of time before we see another exogenous shock that sends the yen higher due to its status as a safe-haven currency.
Found on Reuters 8 years ago
In a lot of respects I think yesterday's selling of Mitsubishi was a bit overdone, from what we know so far it's all very domestic, with no U.S. impact and no impact in Europe, and I think people are a bit hasty to cast this in the same light as the Volkswagen scandal. But of course the facts aren't all in yet, so it's hard to know for sure.
Found on Reuters 8 years ago
Ahead of the weekend we're seeing some unwinding of long positions, and less long buying coming in from investors due to the incredible velocity of the yen's appreciation, fast Retailing is also yoking the market this morning.
Found on Reuters 8 years ago
Recently 17,000 points has been a support level for the Nikkei but right now it's kind of yolked by the yen's strength, which isn't very surprising given the dollar's weakness.
Found on Reuters 8 years ago
With Japan's inflation being zero, people are going to expect the BOJ to expand the balance sheet and stoke liquidity again, those expectations aren't hurting the Nikkei, which is also benefiting from a weaker yen and from buyers hoping to pick up dividends in June.
Found on Reuters 8 years ago
The dollar/yen cross into 110 territory is significant because that's a psychological level, but the fact is Japanese exporters will be profitable even if the yen strengthens well beyond where it is now.
Found on Reuters 8 years ago
We've seen a bit of a leg down on the firmer yen, but the outcome of the BOJ meeting is basically what we've all been expecting, it is noteworthy that they've removed language saying that they might cut interest rates further if necessary, and that they've decided to exclude (money-reserve funds) from negative interest rates starting in May.
Found on Reuters 8 years ago
There was already concern that Kuroda may have run out of bullets, we now see a higher probability that the BOJ will wait to see what FOMC moves come, especially since the new BOJ board member joining will replace a prior dissenter.
Found on Reuters 8 years ago
Sharp has the technology to build out the components to compete with Samsung as an Apple supplier, which means that with Sharp under its umbrella Foxconn can help Apple wean itself off Samsung, this gives Foxconn better pricing power with Apple.
Found on Reuters 8 years ago
Today's gains were definitely yen driven but it should be noted that we're not seeing the yen weaken as much as we might have expected given the data we saw out of the U.S. at the end of last week.
Found on Reuters 8 years ago
Confidence in the U.S. economy is just as important as geopolitical risk when it comes to thinking about risk aversion, and Wal-Mart's slide is significant in that it doesn't bode well for consumer spending in the U.S., it's effect on risk appetite may have been amplified by the fact that U.S. CPI figures due ahead of the weekend are expected by some to show contraction.
Found on Reuters 8 years ago
The impact of the stronger yen in January was definitely one factor, another was the impact of slowing exports to China, Japan's largest trading partner, which is a further indication of the slowdown there.
Found on Reuters 8 years ago
We've been stuck in a downward trend channel and, in the long term that 17,000 point level is going to be an imperative test for the Nikkei, we're having a good day but it's going to take time for conviction to return.
Found on Reuters 8 years ago
The market's recent nervousness was factoring in a lot of uncertainty over China's GDP, so a weak number should be somewhat factored in while a strong figure could end up being a catalyst for better market sentiment.
Found on Reuters 8 years ago
Mothers is very heavily retail, which means a lot of domestics are pushing the button.
Found on Reuters 8 years ago
Whether or not it's mere sabre-rattling on North Korea's part the timing isn't great considering the current uncertainties in the geopolitical landscape, markets were already legging down on the Caixin services PMI, which showed deceleration in a growth sector. North Korea's provocation was just the cherry on top of a day when sentiment was already tarnished.
Found on Reuters 8 years ago
The markets are really hanging onto Janet Yellen's comments about a strengthening economy, particularly in big export countries like Japan, which relies on U.S. consumers to buy its goods, recently things have been hanging on liquidity expansion, which has nothing to do with the economy, so the fact that she's talking up the economy now is in a sense a return to normality.
Found on Reuters 9 years ago
It could be that we're seeing some restraint now because of sentiment surrounding expectations for the yen as we move into next year, gPIF (a government pension fund) came out and said they are re-instating hedging, which has some people wondering whether they are expecting to take further hits from yen strength in the future. We're also seeing some of the big brokerages marking up their cost projections for the yen moving into next year.
Found on Reuters 9 years ago
Nikkei futures tested 20,000 points, but cash is still knocking its head against that resistance level, this morning's trading is largely directionless because of the U.S. holiday and most people are watching the yen closely to see if it tests the 123 handle again.
Found on Reuters 9 years ago
We're post 'Japan Inc' earnings now and the focus is back on China where local brokers are talking about market reforms, many of which will have a direct market impact,, there's also a continued focus on the U.S. Federal Reserve, with a lot of sell-side banter about quantifying what level of rate increases brokers are expecting. The shortened trading week should mean low volume with a very domestica focus, but the long-term outlook is still good for the Nikkei as long as the yen continues to weaken against the dollar.
Found on Reuters 9 years ago
I can't see the Nikkei being sold off when the yen's still holding the 123 handle.
Found on Reuters 9 years ago
We've seen an opening leg down on sentiment from Wall Street's bad day, but the good thing is the Nikkei looks quite sturdy, holding its spot around 19,500 points, i can't see the Nikkei being sold off when the yen's still holding the 123 handle.
Found on Reuters 9 years ago
U.S. dollar strength has buoyed sentiment and lots of exporters and big names in Japan are benefiting as investors chase that dollar strength and dollar asset exposure, taking a bit of wind out of small and mid-cap domestic shares, we've moved 500 points deeper into reaching 20,000, which would fill the gap from the August leg down.
Found on Reuters 9 years ago
Tonight's payroll numbers are very important for sentiment on whether we'll see a December liftoff from the Fed, but for Japanese companies with exposure to U.S. consumers, they're also a window into U.S. consumer sentiment, so they will be of special interest for sectors like autos.
Found on Reuters 9 years ago
The Japan Post IPO has performed as well as expected this morning, and on top of that we've seen a real sentiment boost based on the monster rally in the U.S..
Found on Reuters 9 years ago
The Japan Post IPO has performed as well as expected this morning and on top of that we've seen a real sentiment boost based on the monster rally in the U.S., some really nice corporate earnings have also helped us push through that 19,000-point resistance level, so the question now is whether we can reach the point where that becomes the support level.
Found on Reuters 9 years ago
The markets are still under the sway of fiscal policy at the moment, the focus is still very much on governments and central bank policy and there's a lack of consensus on what policy outcomes might be, which has kept conviction down and turnover in the market low.
Found on Reuters 9 years ago
Japan's market is so liquid and has been so well conditioned to handle bad news since QQE first began that, in a way, bad news is good news sometimes.
Found on Reuters 9 years ago
Japan's market is so liquid and has been so well conditioned to handle bad news since QQE first began that, in a way, bad news is good news sometimes, we're also seeing some positive reaction in machinery and construction to supply-side priming coming out of China, and the auto sector is getting a boost after China auto sales came out positive yesterday.
Found on Reuters 9 years ago
There was a bit of concern because Premier Li recently made comments about the difficulty of achieving 7 percent GDP growth, which dampened sentiment ahead of the figures coming out, so people are quite pleased to see it beat estimates at 6.9 percent, these numbers are good for Japan, particularly for construction and possibly for related sectors with exposure in China.
Found on Reuters 9 years ago
People are out there looking for ways to make money on further easing because the sentiment that's being pushed by the street and by brokers is that there will be fresh stimulus from the BOJ, that's the sentiment that's pushing things up and you can see it in the way real estate is taking the lead.
Found on Reuters 9 years ago
We're seeing some buying from bargain hunters and a lot of important China-linked shares seem to be reacting positively to yesterday's move by the PBOC, in the short term it's hard to say whether this is real stability or just another bounce on the way there but the general sentiment is that the Nikkei is still where you want to be in the long term.
Found on Reuters 9 years ago
The sentiment on the street globally is that there's probably more upside in Japan as a regional market in terms of a short-term rebound, the markets are so desensitized now to additional easing or expansions of central bank activities that they're now looking for policy initiatives as the next market catalyst. And the market in the region that we believe has the highest probability for policy initiatives, aside from China, is Japan.
Found on Reuters 9 years ago
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