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Today’s Tokyo stock market (18) rallied to 32,216 yen, a 302 yen increase in the Nikkei stock average, as the risk switch was activated in response to the surge in US stocks the day before. The closing price has recovered to the 30,000 yen level since February 25.
The world famous FOMC results and Fed Chairman Powell’s press conference were the best scenarios for the stock market and were as friendly as a complete response with an unexpected bonus. The Fed has announced that it will maintain its zero interest rate policy until at least the end of 2023, while displaying a bullish view of the economic outlook, including a significant upward revision of the US real GDP growth rate. In 2009 from 4.2% to 6.5. %. It was. At a press conference after the meeting, Fed Chairman Powell reiterated that a temporary rise in prices would not be a reason for a rate hike. In other words, “the economy is much better than I expected, but we will continue to carry out a strong monetary relaxation.”
In other words, it’s like guaranteeing that the environment like the deluxe version of the Goldilocks market (right temperature) will continue. In response to this, the NY Dow widened the gain range and it was the first time it had placed it in the $ 33,000 range. It can be said that the fact that the rate of increase did not increase that much and ended in an increase of $ 189 is a reaction to buying the top price from a very early stage, but at least it was sold out and not sold. The VIX index, called VIX, fell to 19.23, and when it falls below 20, the turbulent mode is interpreted as fully liberated, suggesting that the current US stock market is once again dominated by optimism.
In response to this, the Tokyo market is also willing to take risks. The Nikkei average rose 571 yen to a high of 30,485 yen an hour after the start of trading, which involved buying Argo for futures, as usual, even after starting with a rise of about 230 yen. At this point, it was above the high price of 30,467 yen after the bubble burst, which was established on February 16. The Powell effect was terrifying, but development began with a sudden reduction in the amount of surge backstage.
According to a market official, “Before the outcome of tomorrow’s BOJ monetary policy decision meeting, there is a fushi whose content is leaked in small amounts and the investor’s complexion is seen through the media.” (Securities analyst net). As for the content, “The lower limit of ETF purchase has been abolished (so far, the lower limit is 6 trillion yen), and the fluctuation range of long-term interest rates will be widened from 0.2 Conventional% above and below 0.25% “(same as above). That is, the purchase of ETFs maintains a maximum of 12 trillion yen per year, but there is no obligation to buy at least how much and, in the extreme, it is interpreted that there is no need to buy anything. In addition, it is based on the premise that the fluctuation range of long-term interest rates will increase both up and down, but now that interest rates are rising, it can be considered as a de facto acceptance of the increases. of long-term interest rates.
Fed Chairman Powell is a “tough pigeon”, but BOJ Governor Kuroda apparently is not. It seems that the truth behind the slow growth in the last part is that a suspicious demon that may be hiding its claws in some cases went to the market. Knowledge of interest rates is extremely strong. It is proof that the share prices of major life insurance companies, such as Mega Bank, such as Mitsubishi UFJ Financial Group and Dai-ichi Life Holdings Co., Ltd., rose as soon as they entered the market. On the other hand, where to get rid of this concern about rising interest rates for semiconductor-related companies will be a key point in looking at the future market price.
Individually, the cryptocurrency-related stocks were all bought at once due to the increase in the price of Bitcoin, but it does not appear to be simply linked to the price of Bitcoin. The key appears to be NFT, the so-called non-fungible token. Shinwa Wise Holdings left shopping with a stop height at a price, but this impact is large. This is an issue that can lead to the second and third upside actions in the future. Recently, Link-U, which was sold with a downward revision in business performance, and Fuva Brain, which has been selling in triple digits since December last year, and two other game-related companies such as gumi and GameWith. Also, brands close to NFT, such as Ceres, which was bought at the full price cap today, are showing signs of Fengyunkyu.
Tomorrow’s program includes the National Consumer Price Index for February, the results of the BOJ’s monetary policymaking meeting, and a press conference from BOJ Governor Kuroda. Also, Coconala, TKS Two I companies will appear recently on the list. Abroad, such as Russia’s monetary policy meeting. (Silver)
Source: MINKABU PRESS
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