Japan's stock market experiences its biggest drop in four years, while the yen's sudden surge becomes the focus of the entire market. Will it reach the new target of 140?

Japan’s stock market experiences its biggest drop in four years, while the yen’s sudden surge becomes the focus of the entire market. Will it reach the new target of 140?

August 2, 2024

Wall Street See: On Thursday, the yen against the US dollar once broke through the 149 mark and rose to the highest level since March. Japan’s TOPIX index fell 3.9% at one point, marking the biggest intraday decline since April 2020. Due to the expectations of a narrowing interest rate differential between the United States and Japan, many institutions such as Amundi and T. Rowe Price predict that the yen may rise to 140 against the dollar.

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Japan’s stock market experiences its biggest drop in four years, while the yen’s sudden surge becomes the focus of the entire market. Will it reach the new target of 140?

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Donald Trump stated that he will not debate Kamala Harris again, saying, “There will be no third debate.” No debate, no trades/positions for the traders. What a shame.

Donald Trump says, “We’re embracing the future with crypto and leaving the slow, outdated big banks behind.” Yes, Mr. President, we heard you. You also want to pay off the national debt with Bitcoin. Brilliant plan.