The US dollar against the Japanese yen exchange rate in Tokyo opened around 104.527 yen in the morning, down 0.02 yen from the previous trading day.
Yesterday's Tokyo foreign exchange market, after the US dollar against the Japanese yen fell to around the 104.5 yen level last weekend, there was a certain low on long forces in early Monday. At the same time, Japan's third-quarter GDP forecast was significantly higher than market expectations, indicating that the economic recovery performance under the various measures of the Japanese government, and the retreat of risk avoidance market boosted the yen's lower market. In the early trading session of in Europe and the United States, there were reports that the newly developed virus vaccine of American biotechnology companies reached 94.5% in the third phase clinical test. For a time, the preference for risk assets in the financial market increased, and the exchange rate of the US dollar against the Japanese yen once rose to the 105 yen line. However, after the market digested positive materials, as the second wave of the epidemic in European and American countries continued to expand, the foreign exchange market showed insufficient momentum, and the US dollar fell back to a close of around 104.6 yen. In the bond market, compared with economic strength, once the Federal Reserve believes that short-term Treasury yields rise too quickly, the target of buying Treasury bonds may shift to long-term Treasury bonds. The market is concerned about Chairman Powell's speech at the San Francisco corporate group event on the 17th.
Technically, after the US dollar-JPY exchange rate rebounded to 105 yen, there was strong resistance at this price. In the short term, it is more likely to form a range of 103.5-105 yen. Due to the excessive recent sudden news that has affected market sentiment, the foreign exchange market began to show a certain fatigue after the initial large fluctuations. The oscillation index shows neutrality, and it is recommended that you adopt the idea of interval oscillation in terms of strategy.
Tokyo Nikkei Index opened at 26043.45 yen in the morning, up 136.5 yen from the previous trading day. The Nikkei Index futures 2012 contract opened at 26,140 yen, up 150 yen from the previous trading day.
Yesterday's Tokyo stock market, against the backdrop of the sharp rebound of US stocks in last week and the outstanding performance of Japanese economic data this week, the daily index rose sharply by more than 500 points on the day, reaching a close near the 26,000-point mark level. Last week, risky assets turned stronger against the backdrop of market expectations for vaccine development. Major stock indexes led by the NY Dow Jones Index rose sharply, and the S&P500 index set a record high. Affected by this, the Tokyo market opened high and closed high in the early trading under the drive of economically sensitive stocks. In addition, the real GDP of the domestic July-September period announced increased significantly compared with the previous period, and the Tokyo market's long sentiment was high. In addition, markets such as China, Hong Kong, and South Korea have also risen one after another, which further promoted the Nikkei index's rise. After entering late trading hours, another American company announced that it had successfully developed a new coronavirus vaccine, the market's expectations for next year's practical vaccine have become stronger and stronger. After setting a record high of around 29,950 points, only one step away from the 30,000 integer digit. Driven by the strong momentum of US stocks, Nikkei futures also followed the market sharply in the evening, closing at a high level around 26,000 after reaching the 26,000 point mark.
Technically, Nikkei futures still show a relatively strong upward momentum after breaking through the previous high point upward, and may experience a slight technical pullback after breaking through the 26,000 integer digit in the evening. The one-picture balance table shows strong short-term long signals, and it is still recommended to treat long in the short term in trading operations.
