The Japanese yen fell after the Bank of Japan’s decision to keep the ultra-easy policy:
The yen fell as a result of the Bank of Japan’s decision to keep its tight monetary policy.

The Japanese Yen fell by 0.5%, while Asian stocks saw no change.
The bank’s decision to keep the interest rate at -0.1% came amid speculation
that the bank would cancel its tight monetary policy, and according to a Bloomberg poll,
experts believe that next April is the best time to make a change in the bank’s policy.
Both the dollar and the euro rose 1% against the yen,
and each is preparing to achieve the largest daily gain since the end of October,
with the US currency reaching 144.27 yen, and the common currency 157.68.

Content
Japanese Topix index
Chinese economy
Australian shares
American market
Rate cuts in the United States
Market news

Japanese Topix index

The Japanese Topix index (Tokyo Stock Price Index)showed that steel is the sector with the most losses.
Nippon Steel fell by more than 6% after it announced its purchase of United States Steel for $14.1 billion.
This deal would create the largest steel company in China the second largest in the world,
and the largest supplier to American automakers and manufacturers.

Chinese economy

As for the Chinese economy, it is still in the recovery phase.
Weak development continues to affect the economic recovery.

The value of Country Garden Services reached its lowest level after it declared some of its funds as losses.
As for China South City, which is partly owned by the southern city of Shenzhen,
it had previously warned of its inability to make the interest payment due on Wednesday,
which may affect its ability to repay loans.

It is also expected that the Chinese CSI 300 index will suffer an annual loss for the third year in a row,
and the index has declined by more than 13% this year.

Australian shares

As for the Australian market, Australian stocks rose,
while American contracts had a small rate of change,
while Wall Street continued to rise since Monday due to a large number of transactions,
and traders ignored all warnings from Federal Reserve officials regarding monetary easing. As for the Nasdaq 100 index,
it continued its rise, achieving record gains for the second session in a row.

American market

The S&P 500 index has maintained its rise for seven weeks,
and it cannot be determined whether the index will maintain its pace of rise for the eighth week.
While interest on two-year bonds rose by 4.5%, ten-year bond yields also reached 4%,
while Treasury bonds in Japanese transactions were stable while the dollar index fell.

Marko Kolanovic, a strategist at JP Morgan, expects a decline in inflation and economic demand data for 2024,
which will allow the Federal Reserve Bank to start cutting interest rates by 25 basis points at each meeting in the middle of the year.

Rate cuts in the United States

The President of the Federal Reserve Bank of Chicago, Austin Goolsbee,
the President of the Federal Reserve Bank of Cleveland, Loretta Mester,
joined the group of central bank presidents who wanted to reduce optimism in the market
regarding everything related to the issue of reducing the interest rate, and at the same time,
it was confirmed that talk about reducing Interest in March was premature.

Market news

Lithium giant SQM has purchased Azure Minerals for $1.1 billion in partnership with the richest Australian woman.

As for gold, it stabilized on Monday, while oil approached its highest price in two weeks
after many companies decided not to cross the Red Sea following the increase in Houthi attacks on ships in the main shipping channel.

The Japanese yen fell after the Bank of Japan’s decision to keep the ultra-easy policy

The Japanese yen fell after BOJ decision to keep the ultra-easy policy

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