Yen The strength of the yen in the last three weeks
From December 7th, there will be a sharp change of more than 4%
It’s a big change.
Bank of Japan Governor Wale the day before
“Several options exist after negative interest rate ends,” he said
The value of the yen has soared on the 7th and 8th, and fluctuations are growing.
in the market
The Bank of Japan won’t rush back to austerity
I think (Japan’s current price index continues to rise)
JPMorgan says some houses in Japan are not
Bank of Japan, faster than April 24
You can declare an end to negative interest rates
Looking ahead is saying that it’s spreading.
The strengthening of the local currency
Does it mean that the country’s economic situation is strong and stable
The recent sharp strengthening of the yen is
It’s not a question about the economic health of the Japanese market
The situation is progressing due to anxiety over rapid changes in monetary policy
Market participants are increasingly concerned.
The Kerry trade used to be
It’s a way to borrow low-interest currency and invest in assets in countries with high interest rates
The greater the difference between currencies, the higher the trade attractiveness.
If the Bank of Japan changes direction to tightening (interest rate hike)
Japanese pension funds and others sold their overseas investment assets in Enkeri
I can get him back home
The yen’s value could be strengthened further.
Continuing to raise the Bank of Japan’s long-term interest rate fluctuations
Japanese investors are slowly repatriating funds to their home countries
If we switch the base rate from negative to normal
The repatriation will begin in earnest.
in the process
Trambling can occur in the financial market
The currency market has been rapidly reflecting in recent years.
Japanese investors invest $3 trillion in overseas stocks, bonds
It’s around 4,000 trillion won
Half of them are concentrated in the U.S. market
It estimates 7% of U.S. GDP.
The investment in Dutch stocks and bonds is about 10% of Dutch GDP
Significant funds have been invested in other European and Asian countries
In a situation where money movements are accelerating
The hyenas of Wall Street
Using Short Position to Market Shock
I’m sure you’re planning to make a big asset.
The recent rise in gold prices has been attributed to a sharp rise in the value of the yen
A short-term replacement for the dollar as it softens
We’re temporarily losing assets to gold
The rise in the Korean and Asian markets today is
U.S. markets rose the previous day and the yen strengthened sharply the previous day
Japan market short, other Asian market long position
This is the process of the equity hedging strategy.
On the news that the Korean government authorities raised the standard for the transfer tax of major shareholders
The index is not going up, so be careful of fake news
It’s time to cover up the ignorant market explanation.
The equity hedging strategy is likely to be temporary at this time.
It can reflect the situation that will happen in the future in one day
The U.S. economic indicators will be released tonight
By next week’s FOMC section, we’re rushing into the market
I have to be careful not to commit a crime.
Also, today’s market consists of only program purchases and futures purchases centered on top stocks in KOSPI 200
(Small market capitalization stocks in KOSPI 200 have a lot of sales)
You can see that the purchase amount is concentrated in stocks with ideas below.
- Generally, when the yen goes strong
Even if there is no improvement in Korea’s listed stocks
The sector that changes positively is
- The heavy industry sector, which is a typical export sector
- Naver provides line services that generate 70% of sales in Japan
- Hyundai Motor Group to Compete with Toyota Motor Corp
- And SM and JYP, which have high sales for their concerts and albums in Japan
- GKL, Paradise, Hotel Shilla on Expectation of Increase in Japanese Tourists
- Dongwon Fisheries, Sajo Industries with a High proportion of Japan’s exports
- Shindoriko receives ODM orders from Rikosa, Japan, and supplies them
- Korean steelmakers suffer from deteriorating export competitiveness of Japanese steelmakers : Auto, petrochemicals, steel, etc. in heavy competition with Japanese companies
- with more yen assets than yen liabilities
Taewoong, Woongjin Coway, NHN, STX Engine, Hyundai Glovis
- On the other hand, the yen’s strong burden sector
- Airline stocks, Hana Tours on concerns of a drop in Japanese travelers
- High import of raw materials and medicines in Japan, the U.S., Europe, etc
Pharmaceutical stocks such as Dong-A Pharmaceutical, Dae-woong Pharmaceutical, and Joong-Ang Pharmaceutical
(The won’s weakness is negative for pharmaceutical stocks) - a sector with a lot of yen debt
KEPCO, Lotte Shopping, and POSCO saw their valuation losses increase
Concerns are growing as losses in financial statements have increased.