Ultima Markets[Market Hotspot] Due to monetary policy expectations, the yen has stopped falling and is expected to hit zero...

Japanese yen YCC Change expected increase

The appreciation of the Japanese yen against the US dollar has reached nearly3Zhou Xingao. Japanese media reported that the Bank of Japan may change its monetary policy on Tuesday, boosting market optimism. The Bank of Japan has adjusted its yield curve control in an attempt to influence interest rates, which may allow Japan's long-term interest rates to rise. Specifically, it may cause10The interest rate of one-year government bonds has risen1%above.

Last time, the Bank of Japan 7 The monthly yield curve is controlled from 0.5% Adjust to 1%. Higher interest rates often make currency more valuable to investors. Therefore, the possibility of Japan raising interest rates will help the yen strengthen against the US dollar.

(USD/JPYAnnual chart)

Retail sales in Japan have recovered since the pandemic

Japan 9 Monthly retail sales growth compared to the same period last year 5.8%. This is better than 7 Month and 8 Monthly sales growth 7% The growth rate is slower. 9 The monthly increase is in line with expectations 5.9% The increase is basically consistent. Nevertheless, this is still the third consecutive retail sales in Japan 19 Growth in months. This indicates that consumer spending has continued to recover after a decline during the pandemic.

(Retail sales in Japan, Ministry of Economy, Trade and Industry of Japan)

Japan's industrial production fell short of expectations

9In January, Japan's industrial production saw a slight increase compared to the previous month0.2%. However, this number is lower than market expectations2.5%The growth of. 9 The monthly performance has decreased compared to the previous month 0.7% There has been some improvement. Importantly, this marks the first positive change in industrial production since June.

The increase in production is mainly driven by significant improvements in the manufacturing of electric locomotives, and8Monthly decline3.9%Compared to that, the manufacturing of motor vehicles has grown significantly6.0%. In addition, the production of general and commercial machinery has increased2.6%And last month it decreased1.0%. But from a year-round comparison,9Monthly industrial output decline4.6%. Continuing 8 Monthly industrial production decline 4.4% Afterwards, industrial production shrank for the third consecutive month.

(Industrial Production in Japan, Ministry of Economy, Trade and Industry of Japan)

Disclaimers

The comments, news, research, analysis, pricing, and other information contained in this article can only be considered as general market information and are provided solely to assist readers in understanding the market situation and do not constitute investment advice. Ultima MarketsReasonable measures have been taken to ensure the accuracy of the data, but the accuracy of the data cannot be guaranteed and can be changed at any time without notice. Ultima MarketsWe will not be responsible for any losses or losses (including but not limited to any loss of profits) that may arise from the direct or indirect use or reliance on such information.