Japanese stocks pull up strongly! Two days of big gains are welcomed after the plunge!
Hawk News
2024-08-07 18:04:50
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After Monday's waterfall plunge, Japanese stocks ushered in two days of big gains.August 7 Japan's stock market closed early, the Nikkei 225 index rose 2.3% to 35464.61 points, the TSE index rose 3.3%.
The U.S. dollar against the yen USD/JPY, rose more than 2% during the day, up nearly 100 pips in the short term.
Bank of Japan Deputy Governor Shinichi Uchida said that stock market volatility affects business activity and consumption, which in turn affects economic activity and the price outlook, and is an important factor in guiding monetary policy, and we will not raise interest rates when the market is unstable.
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