Financial literacy at YEN Kura's Investment University (Academia) | Episode 15 [YEN Kura]
YEN Kura-san Profile
Enzō. Worked for over 20 years as a foreign exchange dealer at U.S. banks like Citibank, U.K. bank Standard Chartered, and other foreign banks. Currently active as a top professional trader, trading in currencies, the Nikkei 225, Nikkei options, and individual stocks. President and representative director of ADVANCE Co., Ltd., primarily engaged in distributing investment information. Deeply knowledgeable not only about major currencies such as the dollar and euro but also about emerging currencies, including Asian currencies, in dealing. Also has strong ties with foreign traders and fund professionals.
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*This article is a reprint/edited version of an article from FX攻略.com April 2021 issue. Please note that the market information written in the text may differ from the current market conditions.
Early Movements of the Year
The turbulent year 2020 has ended and the 2021 market has begun. As the 2020 market was so volatile, I think this year may not see as much volatility, but since mid-January there have been uneasy movements in stock prices.
The VIX index, which measures the volatility of the S&P 500, rose to 82.69% in March last year (Chart ①). Before the COVID shock, it hovered in the teens around 14%. The VI index for the Nikkei 225, which measures its volatility, rose to 60.86% on March 16. Before the COVID shock, it also hovered around 14–15%. Volatilities of 60% or 80% are historically very high levels.
