A versatile Finance and Style-Equipped Fisco Corporate Research Reporter's Any Column: Mafuchi’s Eye | Episode 10: How will the exchange rate fare after the U.S. presidential election? [Mariko Mabuchi]
Mariko Mabuchi Profile
Mariko Mabuchi. 7 years of investing experience. During the early days of Abenomics, she was entrusted with asset management at a company, then after three years as a full-time trader, she became a corporate research reporter for Fisco. Currently, she also handles marketing at Japan Cloud Capital. She graduated from Doshisha University Faculty of Law, pursued Public Policy at Kyoto University Graduate School of Public Policy, and earned a Master’s in Public Policy. She won Miss Doshisha during university.
Official Blog:https://ameblo.jp/mabuchi-mariko/
Twitter:https://twitter.com/marikomabuchi
※This article is a reprint/edited edition from FX攻略.com January 2021 issue. Please note that the market information written in the body may differ from current market conditions.
◆ US stock market is in risk-on mode, but dollar is weakening
Considering the relations with China and responses to the novel coronavirus, the trend appears to be a weaker dollar and stronger yen. Since the United States has kept interest rates at zero, the dollar is likely to weaken. Other factors include the Federal Reserve’s continuation of zero interest rate policy and the significantly expanded fiscal measures due to the COVID-19 crisis, more so than Japan. Additionally, the United States is a current account deficit country, and unless rate hikes occur, the currency tends to be sold. Therefore, continue to monitor the dollar weakness and yen strength trend.
