Reported 8 months ago
Provided by Yuanta Futures analyst Kao Ping-hung and compiled by Huang Yen-hung on June 23, 2024, the afternoon statement after the June Fed meeting observed a gradual clarification of the U.S. monetary policy direction towards loosening, with an expected rate cut in September, leading to loose funds being injected into the financial market, pre-reflected in the stock market. Despite Japan's strong exports, the yen remains weak, with May exports reaching a new high since November 2022, growing by 13.5% year-on-year for the sixth consecutive month, surpassing economists' expected 12.7%. However, due to a significant increase in imports causing a trade deficit, the yen depreciation hinders export-oriented inflation from becoming consumption-oriented inflation, leading to domestic price increases. Although BOJ Governor Haruhiko Kuroda believes in an early interest rate hike due to weak consumption, the yen continues to weaken. International exchange rate fluctuations further impact stock and bond market volatility; investors interested in currency fluctuations may consider trading currency futures introduced by the Taiwan Futures Exchange.
Source: YAHOO