Yen trades in upper 159 range against dollar, dollar buying dominant on rising US yields

MacroDigital Finance
โดย Bloomberg·JP·Read original
Summary · why it matters

In the foreign exchange market on the 27th, the yen traded in the upper 159 range against the dollar, slightly weaker than the previous evening. US yields rose following US price indicators, making dollar buying dominant. Bonds are expected to start lower. Mizuho Bank's Hisao Hasegawa said about the US Personal Consumption Expenditures (PCE) that "the market understood that inflation is slowing slowly," and regarding the dollar's strength, he commented, "Since a strong result was within expectations, it was surprising that it reacted this much." Nomura Securities' Yujiro Goto pointed out that Bank of Japan Deputy Governor Ryozo Himino's speech is "highly important for gauging BOJ policy and the yen's direction," and said the focus is on whether there will be a positive stance toward rate hike discussions. In the bond market, Mitsubishi UFJ Asset Management's Masayuki Oguchi noted that views of a faster BOJ rate hike pace are capping bond prices, and the September futures contract, the leading month, closed at 126.42 yen.

Impact on stocks 4

Financials · 3 stocks
Mizuho Financial Group, Inc.
8411
± MixedMonetaryrelevance

Mizuho Bank's analyst comments on PCE and dollar strength; firm may be affected by FX market conditions but no direct impact stated.

Nomura Holdings, Inc.
8604
± MixedMonetaryrelevance

Nomura Securities' analyst comments on BOJ deputy governor speech; firm may benefit from trading activity but no direct impact stated.

Others · 1 stocks