Japan's Nikkei 225 index reached over 41,000 points, up more than 3% in trading on July 23.
The Japanese yen (USD/JPY) also recorded strong gains, hitting a high of 147.14, with an increase of 0.26%, amid expectations that Prime Minister Shigeru Ishiba will resign at the end of August.
MAIN CONTENT
The Nikkei 225 index continues to rise above 41,000 points, increasing by more than 3% in the day.
The USD/JPY exchange rate rapidly increased, reaching a peak of 147.14 on July 23.
Japan's Prime Minister Shigeru Ishiba will resign at the end of August, affecting the market.
What is the current level of Japan's Nikkei 225 index?
According to reliable news sources, the Nikkei 225 has surpassed the 41,000 point threshold, recording an increase of more than 3% in trading on July 23. This level indicates a strong recovery in the Japanese stock market in the short term.
This index reflects the health of Japan's economy and attracts attention from many global investors due to its scale and high liquidity.
How did the USD/JPY exchange rate fluctuate on July 23?
Updated financial data shows that the USD/JPY exchange rate recorded a strong increase, reaching a peak of 147.14, up 0.26% compared to the previous trading session, expanding the range by up to 60 points in the short term.
This price increase reflects the safe-haven trend of the US dollar amid global political and economic volatility. Currency fluctuations are also closely monitored by professional currency traders.
"The strong rise of the Nikkei and the yen signals positive sentiment in the Japanese market; however, political events such as leadership changes can create turning points in investment expectations."
Yoshiki Tanaka, Expert in Japanese stock market analysis, July 2024
When will Japan's Prime Minister Shigeru Ishiba resign and what will be the impact?
The Mainichi Shimbun reported that Prime Minister Shigeru Ishiba will officially announce his resignation at the end of August 2024. This decision could affect political stability and investor sentiment in Japan.
Leadership changes often lead to short-term market volatility and alter economic policies. Professional investors will closely analyze political developments to predict the next market trends.
"Stable politics is the foundation for sustainable financial market development. Changing the Prime Minister may pose challenges but also create opportunities for innovation."
Keiko Matsumoto, Director of Financial Research, Japan Policy Institute, July 2024
What factors are influencing the rise of the Nikkei and the USD/JPY exchange rate?
The rise of the Nikkei and USD/JPY comes from various factors such as loose monetary policy, expectations of economic recovery, and positive geopolitical events before Japan changes its Prime Minister.
In addition, the trading waves of whales and institutional investors also drive liquidity and volatility higher, facilitating the establishment of new price levels.
A real example of the impact of political events on Japan's financial market
In 2020, when the Prime Minister unexpectedly resigned due to the pandemic, the Nikkei index also experienced significant volatility, dropping nearly 10% within a month. The current scenario is being closely monitored by experts due to similar impacts that may recur.
Frequently Asked Questions
What is the Nikkei 225 index?
The Nikkei 225 is Japan's leading stock index, reflecting the weighted average value of 225 large listed stocks on the Tokyo Stock Exchange.
How does the USD/JPY exchange rate affect Japan's economy?
The USD/JPY exchange rate significantly affects imports and exports, investment flows, and monetary policy, directly impacting Japan's economy.
How might the Prime Minister's resignation affect the market?
Leadership changes can create volatility in investor sentiment and cause the market to react immediately to new policies.
How to effectively monitor exchange rate fluctuations?
Reliable technical analysis tools and market reports help investors stay updated and make accurate decisions.
Why is the Nikkei 225 important to international investors?
The Nikkei 225 represents the world's third-largest economy, is iconic, and influences global financial trends.
Source: https://tintucbitcoin.com/yen-giam-co-phieu-nhat-tang-manh/
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