Morgan Stanley upgraded its rating on US stocks to “overweight”, citing a combination of solid earnings with supportive monetary policy and a weakening dollar.
USDJPY
Us dollar / Japanese yen
Indicators
Chart
News USDJPY
On Wednesday, May 21, the US dollar fell against major currencies as President Donald Trump failed to convince Republicans to support his tax bill.
According to Reuters, May 21 saw another day of dollar sell-offs, though not particularly intense. US Treasury bond yields remain elevated, causing concern among investors. Markets are watching for changes in US trade deals and assessing the country's economic health.
Citigroup Inc. strategists, led by Osamu Takashima, predict a possible weakening of the US dollar following the upcoming G7 summit. During the meeting, world leaders plan to discuss currency policy as part of trade negotiations with the United States.
Recent weeks have seen a slowdown in Japan's export growth, attributed to heightened tariffs imposed by the United States. This scenario brings to light worries regarding the country’s ability to reach further economic advancement.
Event announcement USDJPY
The JPY publication has been released
Trade Balance
¥-115.8B
¥-659.9B-0.658 (12h. 29m.)
Opposite
Down
The JPY publication is expected
Manufacturing PMI
48.7
+0.2GMT -12
GMT -11
GMT -10
GMT -09
GMT -08
GMT -07
GMT -06
GMT -05
GMT -04
GMT -03
GMT -02
GMT -01
GMT +00
GMT +01
GMT +02
GMT +03
GMT +04
GMT +05
GMT +06
GMT +07
GMT +08
GMT +09
GMT +10
GMT +11
GMT +12
USDJPY economy
United States
Japan
Central Bank interest rate
Gross domestic product
Unemployment rate
Retail sales
Trade balance
Inflation
Business confidence