Japan's stock market rebounding strongly on dovish Ishiba

Stock market update
Eamonn Sheridan
03/10/2024 | 01:05 GMT
  • Its almost as if thats what he was planning all along ...

We got the ball rolling on this during Asia yesterday with the new economy minister pressing the dove button:

  • ForexLive Asia-Pacific FX news wrap: Yen loses support from new Japanese economy minister

The BOJ and Prime Minister Ishida himself jumped in later:

  • Forexlive European FX news wrap 2 Oct

USD/JPY rocketed higher:

  • Wednesday marked one of the largest daily USDJPY pip returns in FX history

and its hit a one-month here this morning in Asia, and isn't stopping.

The Nikkei is happy:

nikkei hourly October 2024

--

    Tags
  • Nikkei
  • JPY

Most Popular

  • FT: Trump is pushing for 15 – 20% minimum tariff on all EU goods. EURUSD moves lower.
  • BoK governor contender Lee says too early for tightening, backs higher property taxes
  • China’s RWA tokenisation rules lift related stocks as compliance race begins
  • Jimmy Lai 20 year prison sentence raises new tensions between China and the West
  • Japan escalates yen warnings as Kihara joins Katayama and Mimura. Supportive for JPY.
  • Yen has surged after verbal intervention warnings. Early moves fake out.
  • Australian household spending dips in December after sales surge
ADVERTISEMENT - CONTINUE READING BELOW
investingLive Premium
Telegram Community
Gain Access
investingLive
  • About Us
  • Contact Us
  • Advertise with Us
  • Newsletter
  • Live Feed
  • Finance News
  • Education Center
  • Find a Broker
  • Events

Follow Us

High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. You could lose some or all your initial investment; do not invest money that you cannot afford to lose. Educate yourself on the risks associated with foreign exchange trading and seek advice from an independent financial or tax advisor if you have any questions.

Advisory warning: investingLive is not an investment advisor, investingLive provides references and links to selected news, blogs and other sources of economic and market information for informational purposes and as an educational service to its clients and prospects and does not endorse the opinions or recommendations of the blogs or other sources of information. Clients and prospects are advised to carefully consider the opinions and analysis offered in the blogs or other information sources in the context of the client or prospect's individual analysis and decision making. None of the blogs or other sources of information is to be considered as constituting a track record. Past performance is no guarantee of future results and investingLive specifically hereby acknowledges clients and prospects to carefully review all claims and representations made by advisors, bloggers, money managers and system vendors before investing any funds or opening an account with any Forex dealer. Any news, opinions, research, data, or other information contained within this website is provided on an "as-is" basis as a general market commentary and does not constitute investment or trading advice, and we do not purport to present the entire relevant or available public information with respect to a specific market or security. investingLive expressly disclaims any liability for any lost principal or profits which may arise directly or indirectly from the use of or reliance on such information, or with respect to any of the content presented within its website, nor its editorial choices.

Disclaimer: investingLive may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.

© 2026 Finance Magnates CY Limited — Part of Ultimate Group

Read our Terms, Cookies and Privacy Notice

Manage Cookies