Japanese Yen Futures,Sep-2024 (6J=F)
- Yahoo Finance Video
Market trends, BOJ's yen move, 'R' dilemma: Stocks in Translation
Stocks (^GSPC, ^IXIC, ^DJI) have been on the rise as first quarter earnings boost market sentiment. Sectors such as utilities (XLU), energy (XLE), and technology (XLK), have emerged as the driving forces behind these market gains. However, the question arises: can this momentum be sustained? The Japanese yen (6J=F) has witnessed a resurgence thanks to the likely intervention of the Bank of Japan. This move by the central bank is aimed at strengthening the yen, but it raises questions about the potential implications for global markets. Additionally, a notable theme emerges: sectors and industries starting with the letter 'R' – rates, regionals, retail, and more – seem to be lagging behind their counterparts. This begs the question: what underlying factors are contributing to the underperformance of these 'R' names? Yahoo Finance's Jared Blikre is joined by Evercore ISI Head of Technical Analysis Rich Ross and Yahoo Finance Producer Sydnee Fried for the latest edition of Stocks In Translation. Together, they delve into the catalysts propelling market gains, the historical implications of the suspected yen intervention for investors, interest rate-sensitive sectors, and more. This post was written by Angel Smith
- Yahoo Finance Video
Yen rebounds against dollar as global central banks bifurcate
The Japanese Yen (JPY=X) touched its lowest level against the US dollar (DX=F) since 1990, which has prompted Japanese authorities to intervene to support the yen, according to The Wall Street Journal. The Yen has since rebounded from the drop, but what do the foreign exchange developments mean for US investors? Yahoo Finance Reporter Jared Blikre joins Catalysts to break down the Yen's movement and why US investors should pay attention. For more expert insight and the latest market action, click here to watch this full episode of Catalysts. This post was written by Nicholas Jacobino
- Yahoo Finance UK
FTSE and US stocks down after dovish signals from Fed
Following optimistic comments from the Fed on its rate path, all eyes this week will be on US jobs numbers on Friday as well as manufacturing data.
