[Morning Report] The yen broke through 155 yen against the dollar, the first meta in 34 years, sales forecasts did not reach market expectations, and stock prices plummeted
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Here are the key points of this morning's first report.
● [Tokyo Stock Exchange Rate Forecast Range] 38,000 yen - 38,500 yen (closing price on the 24th 38,460 yen 08 sen)
● Yen is 155 yen to 30 yen against the dollar, reaching intervention alert level for the first time in 34 years
● Meta, sales forecasts did not reach market expectations - stock prices plummeted
● Boeing had a final deficit in January-March due to cash on hand cut in half and production cuts
● Prohibition laws are “unconstitutional,” TikTok announces legal battle - “we will win in the end”
● A “buy” signal for US stocks lights up, suggests the JP Morgan model
— MooMoo News Kathy
● [Tokyo Stock Exchange Rate Forecast Range] 38,000 yen - 38,500 yen (closing price on the 24th 38,460 yen 08 sen)
● Yen is 155 yen to 30 yen against the dollar, reaching intervention alert level for the first time in 34 years
● Meta, sales forecasts did not reach market expectations - stock prices plummeted
● Boeing had a final deficit in January-March due to cash on hand cut in half and production cuts
● Prohibition laws are “unconstitutional,” TikTok announces legal battle - “we will win in the end”
● A “buy” signal for US stocks lights up, suggests the JP Morgan model
— MooMoo News Kathy
Market Overview
In the US stock market on the 24th, the NY Dow Jones Industrial Average fell 42 dollars 77 cents lower than the previous business day to 38,460 dollars 92 cents for the first time in 5 days. The Nasdaq Composite Stock Price Index rose 16.109 points to 15712.749. The Tokyo stock market on the 25th developed a sales advantage, and the Nikkei Stock Average is likely to fall and be in a soft position with a view to attacking and defending the 38,000 yen mark.
In the US stock market on the 24th, the NY Dow Jones Industrial Average fell 42 dollars 77 cents lower than the previous business day to 38,460 dollars 92 cents for the first time in 5 days. The Nasdaq Composite Stock Price Index rose 16.109 points to 15712.749. The Tokyo stock market on the 25th developed a sales advantage, and the Nikkei Stock Average is likely to fall and be in a soft position with a view to attacking and defending the 38,000 yen mark.
Top news
The yen is 155 yen to 30 yen against the dollar, reaching intervention alert level for the first time in 34 years
In the foreign exchange market on the 24th, the exchange rate of yen fell to 1 dollar = 155 yen, breaking a low for the first time in about 34 years. While US interest rate cut observations recede, yen sales and dollar purchases focusing on the Japan-US interest rate difference prevail, and it has reached a milestone level where it is feared that the Japanese currency authorities will step into yen buying intervention.
Related articles:[Bank of Japan Decision Meeting Preview] Will monetary easing come to an end due to the depreciation of the yen for the first time in 34 years? Pay attention to whether policy interest rates induce interest rate increases even if left unchanged
The yen is 155 yen to 30 yen against the dollar, reaching intervention alert level for the first time in 34 years
In the foreign exchange market on the 24th, the exchange rate of yen fell to 1 dollar = 155 yen, breaking a low for the first time in about 34 years. While US interest rate cut observations recede, yen sales and dollar purchases focusing on the Japan-US interest rate difference prevail, and it has reached a milestone level where it is feared that the Japanese currency authorities will step into yen buying intervention.
Related articles:[Bank of Japan Decision Meeting Preview] Will monetary easing come to an end due to the depreciation of the yen for the first time in 34 years? Pay attention to whether policy interest rates induce interest rate increases even if left unchanged
Meta, sales forecasts did not reach market expectations - stock prices plummeted
Facebook parent company rice $Meta Platforms(META.US$The full-year expenditure forecast was revised upward on the 24th. Sales forecasts for April-June (second quarter) fell short of Wall Street's expectations. It has once again raised doubts whether betting on futuristic technology will ultimately benefit investors.
Related articles:[Financial Summary] Tesla to introduce models cheaper than the biggest decline in sales in the past 12 years by early 25
Facebook parent company rice $Meta Platforms(META.US$The full-year expenditure forecast was revised upward on the 24th. Sales forecasts for April-June (second quarter) fell short of Wall Street's expectations. It has once again raised doubts whether betting on futuristic technology will ultimately benefit investors.
Related articles:[Financial Summary] Tesla to introduce models cheaper than the biggest decline in sales in the past 12 years by early 25
Boeing had a final deficit in January-March due to cash on hand cut in half and production cuts
Rice, a major aircraft company $Boeing(BA.US$The financial results for the fiscal year ending 2024/1-3 announced on the 24th recorded a final deficit for 7 consecutive quarters. They are being forced to cut production due to a small aircraft accident, and earning power is shrinking. Funds of 3.929 billion dollars (about 600 billion yen) flowed out in the quarter, and cash on hand was halved.
Related articles:Boeing's Rating Downgraded by One Step to Junk Level - Moody's
Rice, a major aircraft company $Boeing(BA.US$The financial results for the fiscal year ending 2024/1-3 announced on the 24th recorded a final deficit for 7 consecutive quarters. They are being forced to cut production due to a small aircraft accident, and earning power is shrinking. Funds of 3.929 billion dollars (about 600 billion yen) flowed out in the quarter, and cash on hand was halved.
Related articles:Boeing's Rating Downgraded by One Step to Junk Level - Moody's
Prohibition laws are “unconstitutional,” TikTok announces legal battle - “we will win in the end”
The video sharing application “TikTok (TikTok)” argued that it was “unconstitutional” about the enactment of a law prohibited in the United States unless the parent company, China's ByteDance (ByteDance) sells the rice business, and expressed its intention to fight in court.
The video sharing application “TikTok (TikTok)” argued that it was “unconstitutional” about the enactment of a law prohibited in the United States unless the parent company, China's ByteDance (ByteDance) sells the rice business, and expressed its intention to fight in court.
A “buy” signal for US stocks lights up, suggests JP Morgan's model
$JPMorgan(JPM.US$A team led by Andrew Tyler, the person in charge of US market intelligence, revealed that the model handled by the trading desk has reached a level that often suggests immediate stock prices.
$JPMorgan(JPM.US$A team led by Andrew Tyler, the person in charge of US market intelligence, revealed that the model handled by the trading desk has reached a level that often suggests immediate stock prices.
Tokyo Stock Exchange Rate Forecast
Stock exchange rate forecast for the 25th = decline, sales advantage due to conservative price adjustments for important events
Stock exchange rate forecast for the 25th = decline, sales advantage due to conservative price adjustments for important events
Foreign substitutes
Key Market Events
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Distributor: Dow Jones, MINKABU, Fisco, Bloomberg, WelsAdvisor, Nihon Keizai Shimbun
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181338057犬心久美子 : I don't think the Bank of Japan will intervene in the exchange rate
Because... American 
interest rates have remained high, and slight ups and falls 
have been repeated. It's water on the burnt stone
If it breaks through 160 yen, I wonder if President Ueda will move too.