Weekly Thoughts

With the US president now looking to back-track on going to a trade war with China, Trump’s old playbook in making a deal in the final hour, by getting as much concessions…

With TOPIX following other global stock market indices down and gapping below its Y1650 support and the bottom of its trading range all year, it is now approaching that crucial 100 week moving average support line which was it only tested once since…

Despite continued market jitters, Topix has managed to hold above its key support line of 1680 level which it had previously tested a few times this year. With Y$ rate leading the Japanese market, its recent…

With most eyes glued to the ailing US stock market, this week we will look more at our own market in Japan and most recent indications which keep us cautious about earnings outlook. Although the yen has…

Although the weaker yen has boosted hopes of better prospects for Japanese corporate earnings, externally there are darker clouds gathering on the horizon that makes us cautious again about the market’s immediate outlook. There seems to be…

Japan’s stock market took much of the big events of last week in its stride with Fed raising rates, BOJ continuing with its tapering of long dated bond purchases while US clearly spelt out its intention…

Markets were a in buoyant mood last week with US stock market indices hitting new highs and the weaker yen helping Japan’s broader market recover to its May highs to test the top of its…

With last-minute trade talks between China and US announced late last week, global stock markets staged a very unconvincing bounce which seem to have fizzled out by the end of Friday’s US market as the US…

Once again Topix dips towards the low end of its trading range for this year, nearing its key support line of ¥1670. With lower highs being posted after each bounce since May, we…

As we noted last week, we think the probability of an all-out trade war between the US and its big trading partners have risen significantly as the US president and his advisors…