Matteo Colombo/DigitalVision via Getty Images By Chris Turner Markets are on high alert Now that USD/JPY has glided through the 155 level, markets are now on high alert for Japanese FX intervention. Recall that 155 had been the level that many in the Japanese banking community had felt would elicit BoJ FX selling operations. That…
Japanese firm Metaplanet announced it is purchasing 1 billion yen (about $6.5 million) worth of Bitcoin as part of its corporate treasury strategy, a move that mimics MicroStrategy’s high-profile Bitcoin accumulation. Metaplanet, a publicly traded company listed on the Tokyo Stock Exchange, a diversified enterprise, revealed the Bitcoin buying initiative on X. The company cited hedging…
manassanant pamai It feels like the late 1980s again. Not because I’m wearing Reebok high top sneakers, Guess jeans and Esprit jackets or listening to Men at Work and Yes, but because there’s a lot of excitement around Japan’s economy – and Japanese equities have experienced a strong rally over the past year.1 Is this…
rep0rter/iStock Editorial via Getty Images Japan has emerged as a hotbed of bullish equity activity. The Nikkei 225 Index recently notched all-time highs, finally eclipsing its December 1989 peak near 39,000. Times are starkly different today compared to 34-plus years ago, however. Back then, the Japanese stock market was at the peak of one of…
yasindmrblk “Our products should not only be technically excellent, but also useful for the good of society.” -Gonshiro Kubota Although not as well-known among Western investors, Kubota (OTCPK:KUBTF)(OTCPK:KUBTY) is a legendary company in Japan, being part of the TOPIX 100 and the Nikkei 225 indices. The company was founded in 1890 and has thus survived…
The move into cryptocurrency is not the company’s first foray into the digital assets ecosystem. Last year, Mercari launched different crypto-related offerings for customers. Japanese e-commerce giant Mercari is set to become the first corporate institution to accept Bitcoin (BTC) for payments of goods and services in 2024, starting in June. According to local news…
Chunumunu One small Asian issuer went public in the US this past week, ahead of the Christmas holiday. Japanese e-commerce firm Linkage Global (LGCB) priced at the low end to raise $6 million at an $86 million market cap. Operating through entities in Japan, Hong Kong, and mainland China, Linkage offers a system comprised of…
Stocktrek/DigitalVision via Getty Images Listen above or on the go on Apple Podcasts and Spotify U.S. forms naval taskforce to protect ships in Red Sea (1:32) Google to pay $700 million to settle Play Store lawsuit (2:30) and Japanese takeover of iconic U.S. Steel sees bipartisan opposition (3:42). This is an abridged transcript of the…
gaffera Foreign currency exchange rates against the dollar are becoming an increasingly volatile sector as the Fed goes from “higher for longer” to “high for some time” to “we’re not sure what the Fed will do.” Results: Differences in anticipated future interest rates among the major currencies are the adjusting factor in FX trading. Please…
spawns The Yen has surprisingly extended its recent strength relative to the dollar (and other G10 currencies) for yet another week. In effect, Japanese rates have not only priced in an end to the BoJ’s ultra-loose monetary policy by April next year, but also a growing probability of a rate hike by end-2024. Thus far,…
da-kuk/iStock via Getty Images In this analysis, we conducted a comparison between Renesas Electronics Corporation (OTCPK:RNECF) and ROHM Co., Ltd. (OTCPK:ROHCF) to determine the superior Japanese chipmaker. To begin, we delved into the Japanese semiconductor market, examining its position in the global semiconductor industry and examining Japan’s presence in Logic, Memory as well as Discrete,…
manassanant pamai By Bradley Krom, Lonnie S. Jacobs, and Brian Manby, CFA This blog post is the third installment of a four-part series that examines the tactical and strategic case for investing internationally despite a multi-year period of U.S. equity outperformance. Since the previous peak in Japanese markets, investors have long hoped for a so-called…
show999/iStock via Getty Images Following a brief pause, Japanese stocks have continued their resurgence this month, rising on the back of strong Q2 earnings results. While the tailwinds from yen weakness remained key for export-oriented sectors, the strength has extended to domestic companies as well, many of which have been able to pass through cost…
spawns/iStock via Getty Images The Invesco CurrencyShares Japanese Yen Trust (NYSEARCA:FXY) offers investors a way of taking advantage of the Japanese yen’s extreme undervaluation and the reversal in monetary policy trends in Japan and the US. The FXY holds Japanese yen in a deposit account held by JPMorgan Chase (JPM) and charges a 0.4% expense…
With a robust operational history and an efficient Ethereum Virtual Machine launched earlier this year in April, EOS has established itself as a trusted platform for developers in the crypto industry. The EOS Network Foundation (ENF) has secured regulatory approval for the trading of EOS tokens on regulated cryptocurrency exchanges in Japan. The Japan Virtual and…
While the Japanese currency is headed towards a downward trajectory, the US dollar has displayed a strong uptrend since the close of July. The Japanese yen experienced a massive decline on Monday, August 14, slipping to its lowest level against the US dollar for the first time since November 2022. This downward trajectory resulted in…
Both companies recognize the potential of AI technologies and are actively seeking to harness them to boost their businesses. Rakuten Group has just entered into a strategic partnership with artificial intelligence (AI) firm OpenAI. By signing a memorandum of understanding with OpenAI, the Japanese company will be seeking to explore business opportunities that the partnership…
With 34 tokens, Binance will offer more coins than any exchange operating in Japan. Leading cryptocurrency exchange Binance has unveiled its plan to re-enter the Japanese market. The announcement comes after Binance noted in July that it was making a comeback in Japan. Binance pulled out of Japan in 2018 after the country’s financial regulator…