【Fundamental×Technical Feature ①】Yen: Japan's Situation
【Special Feature: Fundamentals × Technical】
Find the best approach to understand the market!
This time we approach the market from both fundamental and technical perspectives. We analyze major countries and major currency pairs from multiple angles to find hints for the optimal responses to the market. In addition, we pick up notable individual stocks, cryptocurrencies, and commodities to summarize the 2020 market.
In fundamentals, we have Yenzoさん share the outlook for stock indices and currencies, while in technicals we have Yasushi Yamanakaさん provide a long-term view on major currency pairs; each will include analysis from currency market professionals.
・① Yen: Japan's situation ←This article is here
・② Dollar: United States' situation
・④ Pound: United Kingdom's situation
・(11) AUD/USD: Chart analysis
・(12) Markets beyond currency pairs (NASDAQ & GAFA, cryptocurrencies & commodities)
※This article is a reprint/edit of FX攻略.com's March 2021 issue. Please note that the market information described here may differ from current market conditions.
YEN蔵 Profile
He has worked for over 20 years as a foreign exchange dealer at American Citibank and UK-based Standard Chartered Bank and other foreign banks. Currently a top professional trader handling forex, Nikkei 225, Nikkei options, and individual stocks. President of ADVANCE Inc., which specializes in investment information distribution.
Newsletter：YEN蔵 Real Top Trading
Blog：YEN蔵's FX Investment Techniques - Investing in the world with dollar, yen, euro, pound, and AUD
Twitter：https://twitter.com/YENZOU
Yamanaka Yasushi Profile
Ascendant Co., Ltd. Director. Joined Bank of America in 1982, became Vice President in 1989, Proprietary Manager in 1993. In 1999, he was Deputy Head of the FX Funds Department at Nikko Citi Trust Bank. In 2002, he founded Ascendant.
Official Blog：FX information delivery site provided by Ascendant/Yamanaka Yasushi
Twitter：https://twitter.com/yasujiy
Japan Will Continue Monetary Easing
It's not as straightforward as lowering policy rates, but in response to the COVID-19 shock, the Bank of Japan continues to provide liquidity to the financial markets by supporting corporate financing and purchasing government bonds and listed investment trusts (ETFs) without set limits.
As in the United States, stock prices are strong, but the currency has shifted from a broad dollar weakness to a gradual yen appreciation. Attention is needed in times when domestic economies worsen due to renewed infections, or when vaccine rollouts spur economic recovery in various countries, which can prompt yen depreciation.
