This morning, the S&P 500 Index e-mini futures (ES-M3) are trading higher by 4.50 points to 1633.50 per contract. While there is a lot happening today it seems that the major stock index futures are tracking the action in the Japanese Yen very closely. Traders can look at an intra-day chart of the USD/JPY (U.S. Dollar against the Japan Yen) and see that this chart is exactly the same as the S&P 500 Index e-mini futures (ES-M3). Last night, the Nikkei 225 Index declined lower by 3.72 percent. Normally, many investors would be fearful that this decline in the Japanese stock market would affect stocks here, but it is the Japanese Yen that seems to move the market in the United States. A weak Japanese Yen seems to be beneficial for U.S. stocks at this time.
All of the leading European stock indexes are holding steady today. Often, the major European stock indexes will wait to see how the U.S. markets do before making any sharp moves. Should the U.S. markets decline today many of the leading European markets will likely come under pressure. Traders should expect some early volatility in equities such as iShares MSCI Germany Index (EWG), iShares MSCI Italy Capped Index (EWI), iShares MSCI Spain Capped Index (EWP) and the iShares MSCI France Index (EWQ).
- English (UK)
- English (India)
- English (Canada)
- English (Australia)
- English (South Africa)
- English (Philippines)
- English (Nigeria)
- Deutsch
- Español (España)
- Español (México)
- Français
- Italiano
- Nederlands
- Português (Portugal)
- Polski
- Português (Brasil)
- Русский
- Türkçe
- العربية
- Ελληνικά
- Svenska
- Suomi
- עברית
- 日本語
- 한국어
- 简体中文
- 繁體中文
- Bahasa Indonesia
- Bahasa Melayu
- ไทย
- Tiếng Việt
- हिंदी
The Nikkei Keeps Falling, But The Yen's What Matters
Published 06/03/2013, 09:48 AM
Updated 07/09/2023, 06:31 AM
The Nikkei Keeps Falling, But The Yen's What Matters
Latest comments
Loading next article…
Install Our App
Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.