The market's response has been a break of all-time highs on the Japanese Nikkei 225.
Japan’s unemployment rate drops to a better than expected 2.6% from 2.7%.
Japan’s Finance Minister Suzuki pointed out, a few hours ago, the importance of maintaining a serious fiscal policy, which gives the yen credibility in the face of changes in the global economy.
The market’s response has been a break of all-time highs on the Japanese Nikkei 225.
At the same time, the Yen continues to lose ground to the Dollar in international markets, giving a bullish USDJPY pair which aims to regain the levels reached during 2022.
Charts at the bottom of this article.
International Risk Factors.
The Yen is a currency that has proven to behave well in international risk factors.
In this case, I would like to highlight two risk factors on the international stage related to Japan.
On the one hand, the immediate one, North Korea’s announcement of the launch of a satellite that the Japanese authorities suspect is, once again, the launch of a ballistic missile over its territorial waters.
On the other hand, China’s Minister of Commerce, Wentao, has recently expressed his displeasure at Japan’s stance, joining that of the Netherlands and the United States, on the restriction of semiconductor equipment. The US maintains that such equipment would facilitate the development of China’s nuclear capabilities as well as IA.
Nikkei 225USDJPY
This post was last modified on May 30, 2023, 12:10 BST 12:10
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