Today's Overseas Markets: No Major Events and U.S. Bond Market Closed
Today’s overseas markets will see a quieter atmosphere, with no significant economic data releases or major events scheduled in both the U.S. and Europe. In the U.S., the bond market is closed for Veterans Day, contributing to a generally calm market environment.
Yen Depreciation Trend Continues in Tokyo Market
The yen continues to weaken in the Tokyo market this week. USD/JPY has risen from the upper 152 yen range to the upper 153 yen range, while EUR/JPY has moved from the mid-163 yen range to the upper 164 yen range. The yen selling trend remains intact without any new triggers for the yen's weakness, though the market continues to move in one direction.
Review of Last Week’s U.S. Economic Events and Market Reaction
Last week saw the conclusion of major events such as the U.S. presidential election and the Federal Open Market Committee (FOMC) meeting, with U.S. economic strength reaffirmed. The Michigan Consumer Sentiment Index, released over the weekend, significantly exceeded expectations, highlighting the strength of the U.S. economy. Additionally, Minneapolis Fed President Neel Kashkari suggested that due to strong economic and productivity growth, the Fed may reduce the anticipated size of interest rate cuts, further strengthening the perception of a robust U.S. economy.
U.S. Stocks and Asian Market Trends
The uncertainty surrounding the Trump administration has temporarily dissipated, and with economic measures announced at China’s National People's Congress aligning with expectations, there has been selling pressure on Hong Kong stocks. However, U.S. stock futures have remained steady, supporting the overall market sentiment.
Today's Economic Indicators in Overseas Markets
The scheduled economic indicators today include Turkey’s employment data (September), industrial production (September), Norway’s consumer price index (October), and Mexico’s industrial production index (September). However, there are no major indicators from key countries. There are also no notable speech events planned, and the market lacks new material to react to.
Cautious Outlook on the Continuation of the Yen Selling Mood
There is caution surrounding how long the current yen depreciation trend will continue. Without new factors emerging, it remains to be seen how much the yen-selling sentiment will persist. Continuous monitoring is necessary.
Cryptocurrency Market: Continued Growth from Trump Trade Influence
The cryptocurrency market continues to rise due to the influence of Trump’s trade policies. Given the current market environment, I plan to maintain buying positions in cryptocurrencies and follow the upward trend.
