Weekly

December 21st
Today's amplitude range
Influenced by the Bank of Japan's easing of the target of treasury bond interest rate, the yen rose sharply, and the dollar index fell below 104 points. The gold market rose more than 30 dollars yesterday. The foreign exchange market may touch more yen positions, and the yen may appreciate again. The gold price saw support at US $1784 yesterday, and it is highly possible to try to reach a higher level this month. The suggested range today is 1808 dollars to 1824 dollars.

The quoted interest rate of China's December loan market announced by China yesterday remained unchanged, and the expectation of interest rate reduction fell short. Hong Kong stocks followed the low opening of US stocks in the absence of good news. The Bank of Japan unexpectedly raised the target of treasury bond yield in the afternoon. The sharp rise of the yen weighed on the stock market trend. The Hang Seng Index fell more than 400 points at one time, and fell behind the 19000 point mark. The closing decline narrowed to 258 points or 1.33%, and closed at 19094 points. Ten thousand nine points of concern recovered.
The Bank of Japan suddenly turned into a hawk and raised the target of treasury bond yield. The risk market was caught off guard. The European limb market opened and fell. In addition, the German production price index was still higher than the market expectation, indicating that inflation still plagued the market and supported the direction of the European Central Bank to continue to raise interest rates. The three major European stock markets failed to completely reverse their disadvantages, and eventually diverged. The German DAX index fell 0.42%; France's Paris CAC index fell 0.35%, while Britain's FTSE 100 index rose 0.16%.
The Bank of Japan turned positive, and US stocks fell first and then rose. The Bank of Japan raised the target of treasury bond yield to 0.5%, which was regarded as an eagle signal by the market. The US stock market fell early, but it was seen that there was a continuation at a low level. The three major stock indexes on Wall Street finally turned positive, and the Dow Jones Index rose 0.28%; The S&P 500 index rose 0.11%; The Nasdaq Composite Index rose 0.01%.
Yesterday afternoon, the Bank of Japan unexpectedly raised the target upper limit of government bond yield from 0.25% to 0.5%, which was an unexpected adjustment contrary to the easing policy of the Bank of Japan for many years. This action triggered speculation on the control policy of the Bank of Japan's exit from the yield curve, and the Japanese stock market fell 2.5% sharply. Although Bank of Japan Governor Kuroda explained that this decision was not a tightening at all, the yen exchange rate still rose sharply, dragging the dollar index down to 103.7 points. In addition, the U.S. building permit was more than 10% lower than the market expected yesterday, and the gold price returned to the upper floor of $1800, with the highest at $1821. 1, the lowest at $1784.7, and the closing at $1817.9, up by $30.1.
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