Express News | Caixin News Midday Digest – July 17

Breakings12:03

The most accurate analyst predicts the yen will depreciate to as low as 170 against the U.S. dollar next year.

Gelonghui, July 17 | According to Bloomberg’s latest rankings, the analyst most accurate in forecasting the USD/JPY exchange rate believes the yen could fall as low as 170 per U.S. dollar next year. His forecasting model largely ignores news events and relies primarily on technical analysis. Vikram Murarka, founder and chief currency strategist at Kshitij Consultancy Services, makes his yen forecasts from his office in Kolkata, India—thousands of miles from Tokyo. In the previous quarter’s survey, he was the most accurate in predicting the USD/JPY exchange rate and was among the few who had anticipated that move.

Gelonghui Finance08:33

Nikkei May Fall, Tracking Wall Street's Losses -- Market Talk

WSJJul 14 07:38

Commerzbank Says Escalating US-Iran Conflict Boosts Brent Oil, Pressures Global Markets

MT NewswiresJul 13 18:13

Citi raises year-end S&P 500 target to 8,100 and upgrades Japanese equities to 'Overweight'

Citi published a research report noting that global equities have cumulatively risen by approximately 10% year-to-date, though gains have been concentrated in technology stocks. With geopolitical risks easing and AI-related trades becoming crowded, signs of capital rotation are emerging. Citi expects investor focus has now shifted to whether the rally will broaden into other sectors in the second half of the year. According to Citi, such broadening will depend on sustained cyclical improvement in macroeconomic conditions and earnings-per-share expectations, as well as whether the exceptional outperformance of tech stocks has temporarily run its course. Citi continues to anticipate elevated volatility related to AI over the coming quarter and maintains its medium-term 'overweight' stance on global information technology and U.S. equities. It has downgraded its rating on Japanese equities from 'underweight' to...

AASTOCKSJul 13 12:36

The market declined, weighed down by escalating tensions in the Middle East and selling pressure from ETFs to secure dividend payouts.

Market Summary for Last Week (July 6–10): The Nikkei 225 reached a high of ¥70,384.59, a low of ¥66,819.05, and closed at ¥68,557.73, down 1.7% from the previous week. The market declined amid heightened tensions in the Middle East and selling pressure linked to ETF dividend payouts. Although the index briefly traded above the 70,000-yen mark early in the week, profit-taking dominated as concerns grew over overheating in AI- and semiconductor-related stocks. Escalating geopolitical risks in the Middle East, coupled with forced selling from exchange-traded funds (ETFs) to cover dividend distributions, further weighed on the market. In the latter part of the week, U.S.

Fisco JapanJul 13 11:11