Yen Steady As Asian Stocks Struggle In A Wild Week
Yen Steady As Asian Stocks Struggle In A Wild Week
The yen held steady near a 12-week high against the dollar on Friday, while equity markets in the Asia-Pacific region remained subdued following their worst performance since mid-April.
日元兌美元週五持穩,接近12周高位,而亞太地區的股市則保持低迷,跌幅是自4月中旬以來最大。
Regional stocks mirrored the losses seen on Wall Street, where both the S&P 500 and the tech-heavy Nasdaq continued their declines after Wednesday's hectic trading session.
區域股票市場跟隨華爾街的跌勢,標普500指數和科技股納斯達克指數在週三繁忙的交易日後持續下滑。
On Friday, MSCI's broadest index of Asia-Pacific shares fell by 0.55%, extending the 1.88% drop from the previous day.
週五,MSCI亞太股指最廣泛的指數下跌0.55%,延續了前一日1.88%的下跌。
Conversely, some markets experienced rebounds, with Hong Kong's Hang Seng index rising by 0.74% and Australia's benchmark adding 0.85%.
相反,一些市場出現反彈跡象,香港恒生指數上漲0.74%,澳洲的基準股指增加0.85%。
U.S. stock futures pointed to a higher open, with S&P 500 futures up 0.36% and Nasdaq futures advancing 0.45%. Overnight U.S. economic data provided some optimism, with second-quarter growth surpassing expectations and inflation easing. This helped alleviate concerns of a potential abrupt end to the economic expansion and supported expectations for a Federal Reserve interest rate cut in September.
美國股市期貨指數預示開盤高開,標普500指數期貨上漲0.36%,納斯達克期貨上漲0.45%。美國隔夜經濟數據帶來一些樂觀情緒,第二季度增長超出預期,而通脹趨緩,這有助於緩解對經濟擴張可能突然終止的擔憂,並支持各界對於聯儲局9月份減息的預期。
Kyle Rodda, a senior market analyst at Capital.com, noted that the release of the PCE deflator on Friday would be "the next test, and arguably climax to the week's trade." Rodda expressed concerns about potential upside risks to the current consensus estimate for the PCE Index. "A modest upside surprise could impact the expected timing and number of Fed rate cuts over the next six months, potentially unsettling markets already exhibiting cautious sentiment."
Capital.com高級市場分析師Kyle Rodda指出,週五發佈的PCE通脹數據將是“本週交易的下一次測試及其高潮”。Rodda 表示對PCE指數當前共識估計存在上行風險。他說: “一種適度的上行驚喜可能會影響未來六個月聯儲局減息的預期時間和次數,並可能打擊已經表現出謹慎情緒的市場。”
In the currency markets, the yen's safe-haven demand eased overnight, with long-held bearish positions unwinding as the Japanese currency gained 2.4% this week against the dollar, marking its best performance since late April. The dollar traded 0.28% lower at 153.525 yen, after dipping to 151.945 on Thursday, its lowest since May 3, before rebounding by the end of the day.
在貨幣市場上,日元的避險需求逐漸減弱,隨着持有多單頭寸的投資者平倉,日元兌美元本週上漲了2.4%,表現最好的一週自4月下旬以來。美元兌日元的交易價爲153.525,下跌0.28%,週四曾跌至151.945,自5月3日以來的最低點,最後回升。
IG analyst Tony Sycamore remarked that the 152-151.80 yen range has proven to be a strong support level. "We continue to expect this support level to hold, with a potential squeeze back towards 155.30 before Wednesday's Bank of Japan meeting," Sycamore said. "After that, the outlook becomes uncertain."
IG分析師Tony Sycamore表示,152-151.80日元區間已經被證明是一個強勁的支撐水平。Sycamore說:“我們預計這個支撐水平會繼續存在,由於7月31日日本央行會議前可能會出現反彈,可能會向155.30擠壓。之後的前景變得不確定起來。”
The Bank of Japan and the Federal Reserve are set to announce their policy decisions on July 31. The rate futures market now reflects a 67.2% chance that the BOJ will raise rates by 10 basis points next week, up from a 40% chance earlier in the week, according to LSEG estimates. Conversely, markets assign only a slight probability to a Fed rate cut next week but are fully anticipating a reduction in September, as per CME's FedWatch Tool.
日本央行和聯儲局將在7月31日公佈他們的貨幣政策決定。據LSEG估計,利率期貨市場現在反映BOJ下週將上調10個點子的概率爲67.2%,而上週初僅爲40%。相反,市場對於下週聯儲局減息的可能性只給予微小的概率,但是CME的FedWatch工具已經充分預期了9月份的減息。
In the bond markets, U.S. two-year Treasury yields eased slightly to 4.4389% during Asian trading hours, though they remained above the overnight low of 4.34%, a level last seen in early February. The 10-year yield was slightly down at 4.2466%.
在債券市場上,美國兩年期國債收益率在亞洲交易時間略微下降至4.4389%,儘管它們仍高於隔夜低點4.34%,這是自2月初以來的最低水平。10年期收益率略有下降,爲4.2466%。
Elsewhere, the euro rose 0.11% to $1.0857, while sterling gained 0.1% to $1.2863. Oil prices edged up as stronger-than-expected U.S. economic data raised expectations for increased crude demand from the world's largest energy consumer. Brent crude futures for September increased by 7 cents to $82.44 a barrel, and U.S. West Texas Intermediate crude for September rose by 4 cents to $78.32 per barrel.
此外,歐元上漲0.11%至1.0857美元,英鎊上漲0.1%至1.2863美元。 stronger-than-expected的美國經濟數據提高了全球最大能源消費國的原油需求預期,油價上漲。9月份的布倫特原油期貨上漲7美分到82.44美元/桶,美國WTI原油期貨上漲4美分至78.32美元/桶。
譯文內容由第三人軟體翻譯。