#jpyusd

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待ちに待った円安傾向。損益分岐点を超えてきた。

円安で日本の利益が失われるが、自分の世紀のディールは必ず成功させる。

本日の終値が1ドル143円以上を付けない場合、全ての建玉を決済するつもりだ。

さて、そろそろ寝よう。しかし…

短期的なリバーサルを目論んで先月中旬よりドル買いでエントリーしている。

今日のドル円が、1ドル142円を超えて引けなければ取引証拠金不足額を入金せずに、このディールを撤退しようと考えている。

このディールは米国の利下げで円高に向かう流れに対して逆張りしている。

2023年末からドル買いを仕掛けてスワップポイントを得ていたが為替の値動きの方が予想以上に大きい。

There was little to show for Asia shares in Monday’s trading as the failed oil deal doused investor sentiment, pulling down mainly energy and financial stocks in the region. The earthquakes that hit Japan last Thursday also triggered massive stock selloff.

Japan’s Nikkei sheds 3.4%

Japan’s Nikkei 225 shed 572.08 points, thus falling 3.4% to register its worst daily performance in terms of percentage since April 1. The Monday’s action put Nikkei’s loss for the year at 14.5%. At that point, Nikkei becomes the poorest performer so far this year among Asia’s major stock benchmarks.

The worst hit sectors in Japan were the insurance and automotive industries. In addition to the failed oil deal in Doha over the weekend and the earthquake concerns, a stronger yen also had a hand in Nikkei’s fallout.

The JPYUSD (JPYUSD) edged up to 107.85 by afternoon, almost touching a new 18-month high. The stronger yen further complicates trade matters for Japanese exporters as their products become more expensive, thus less competitive in the global market. Additionally, a stronger yen means that international sales are worth less when translated to local currency.

In the past week when the yen appeared to be gaining ground against the greenback, Tokyo warned of possible measures to weaken the domestic currency’s exchange rate. Direct sale of the dollar was mooted.

Other Asian markets

In China, the Shanghai Composite Index was off 1.4% and the smaller Hang Seng Index also declined 1.2%. It was the same narrative in South Korea and Australia as the Kospi and S&P/ASX 200 fell 0.3% and 0.4% respectively.

The oil factor

Oil was seen as the main trigger of the selloff in Asian markets. OPEC members meeting in Doha, Qatar on Sunday failed to reach an agreement on how to deal with the problem of crude oil oversupply that has doused prices. In the last week ahead of the much-publicized meeting, investors had hinged their hopes that OPEC would reach a deal to curtail oil production, a move that would have helped lift the prices of crude oil.

Without anything concrete coming from the Doha meeting, iPath S&P GSCI Crude Oil Total Return (NYSEARCA:OIL) traded down nearly 3% to $40.47 a barrel by the afternoon in Asia.

Japanese shares showed remarkable resistance to the earthquake that hit the country and caused death and destruction on Thursday. But profit taking appeared to have been widespread and the Nikkei average printed a loss in Friday’s trading, offsetting some of the previous day’s gains.

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The Nikkei 225 shed 63.03 points or 0.37% to 16848.03. The Index has been on a tear in the past few days as bargain-hunters trained their eyes on Japanese stocks and the yen weakened against the dollar, encouraging foreign investors to buy more Japanese shares.

Eye on earthquake

In Friday’s trading, market participants clearly paid little attention to the the earthquake that ripped across part of southwestern Japan. However, many investors are keeping a close eye on the developments from the quake. A number of Japanese companies have announced the idling of plants in the quake-affected region. Honda Motor Co Ltd (ADR) (NYSE:HMC) has announced halting operations at its motorcycle factory located in Kumamoto.

Mitsubishi Electric Corporation (ADR) (OTCMKTS:MIELY) and Bridgestone Corp Bridgestone Corp (ADR) (OTCMKTS:BRDCY) have also halted activities at their facilities in the quake-hit area.

Japanese financial shares languished Friday in a wave of profit taking that offset massive gains in the sector in recent days.

Other markets

Chinese shares fell Friday following the release of 1Q2016 economic data that showed the economy slowed further relative to the previous quarter. China’s economy expanded 6.7%, slightly behind the expected 6.8% but a far cry from the previous quarter. With that, there was little excitement at the Shanghai Composite Index, which gave up 9.69 points and retreated 0.31% to 3072.67.

The shocks of China’s weak economic growth appeared to reverberate across Asia Pacific as in South Korea’s KOSPI also fell nearly 0.1%.

In Australia, though, the S&P/ASX 200 edged up 0.76%, thanks in large part to gains in IT, telecoms services and consumer staples sectors.

Commodities

Crude oil prices were largely steady across the globe in Friday’s trading. Brent crude futures edged up slightly by 4 cents to $43.88 a barrel and U.S. West Texas Intermediate (WTI) futures also rose by nearly the same margin of 5 cents to $41.55 a barrel. It appeared investors were holding their horses ahead of the scheduled meeting of major oil producers in Doha this Sunday.

Currency

The U.S. dollar (CURRENCY:USD) continued to gain ground against the Japanese yen, edging up 0.2% in Friday’s trading to 109.65.