Tokyo market summary: Nikkei average rises by 282 yen this week I'm interested in US NVIDIA's financial results etc.

Top news
Long-term interest rates rise, temporarily 0.975% high level for the first time in 11 years
New 10-year government bond yields, which are indicators of long-term interest rates, rose (price fell) in the domestic bond market on the 20th, and temporarily hit a high level of 0.975% for the first time in 11 years since 2013/5. The Bank of Japan re-revised long and short interest rate manipulation (yield curve control, YCC), and interest rates rose rapidly above the 2023/11 level (0.97%). There are strong observations that the Bank of Japan will move to raise additional interest rates, and domestic long-term interest rates are under upward pressure.

Copper at the highest price for the first time in 2 years to become a “new-age oil” essential for EVs and AI
The international price of copper temporarily hit the 11,100 dollar range per ton on the 20th, breaking the highest price for the first time in 2 years. New industries that use large amounts of copper, such as electric vehicles (EVs), renewable energy facilities, and artificial intelligence (AI), etc., have expanded, and views have also surfaced that copper will become “new oil.” There is also a possibility that it will be a scramble for strategic resources by countries around the world, and the view of copper is getting stronger.

Gold prices hit a new high, and demand increased due to observations of lower US interest rates
Gold prices hit a new high on the morning of the 20th Asian time. Investors' demand for the metals market in general increased as the US observed interest rate cuts by the end of the year increased. The price of gold rose 1.1% at one point to 1 ounce = 2440.59 dollars. It surpassed the intraday high recorded in April. Traders are strengthening their view that the US financial authorities will cut interest rates as early as September.

[Column] Interest rates play the leading role in the drama about the depreciation of the yen, and President Ueda is finally moving - Moss
Bank of Japan Governor Ueda Kazuo has begun to have a sense of involvement in the depreciation of the yen. There's still time. The end of negative interest rates was symbolically a big step, but it was actually a small step, and it was not effective enough to stop the depreciation of the yen. Unless there is a definitive change in the trajectory of the dollar, which is the world's key currency, something more is needed.

Notable stocks
INPEX and petroleum resources are strong, and demand for crude oil from the US and China is also expected to increase ◇
$Inpex(1605.JP)$Ya $Japan Petroleum Exploration(1662.JP)$is doing well. The US crude oil futures exchange rate on the 17th rose to 80,06 dollars per barrel, 0.83 dollars higher than the previous day for the WTI (West Texas Intermediate) period for the June term. Expectations for the recovery of the Chinese economy have increased, with China's April industrial production announced on the 17th exceeding market expectations, and the view that strong demand for the US can also be expected has intensified. Also, regarding the fact that it was reported that the helicopter carrying Iranian President Raisi and others had an accident on the 19th, the details are unknown and the impact on crude oil futures prices is limited due to indigestion difficulties.

NTT rebounds for the first time in 12 days, and high-profile buyers gather in a risk-on situation
$Nippon Telegraph & Telephone(9432.JP)$There was a backlash for the first time in 12 days. The heavy price of the company's stock, which had been heavily piled up on credit buybacks, was disgusted, and the situation continued to be pushed by sales prepared for loss. It had a year-to-date low on the 17th of the previous weekend, but as the NY Dow closed the transaction in the 40,000 dollar range for the first time in the US market, it seems that spectacles have entered NTT stock as investors' risk tolerance has improved.