The USD/JPY pair may struggle to gain momentum as higher oil prices support dollar buying, while concerns about potential currency interventions persist.

In today's overseas markets, the dollar-yen exchange rate is expected to struggle for gains in the European and U.S. forex markets on the 8th. If expectations for an early resolution to the Middle East conflict recede and crude oil prices rise, initial demand for the dollar may emerge. Increased U.S. inflationary pressure could support dollar buying. However, caution over potential Japanese currency intervention may lead to yen buying, acting as a downward pressure on the dollar. Although hopes for progress in U.S.-Iran peace talks have risen, views surfaced the previous day suggesting that an early end to the Middle East conflict would take time. Additionally, the U.S. Federal Reserve (FRB)...

Fisco Japan14:45

Asian Equities Fall as U.S.-Iran Exchange Fire

WSJ09:29

Hang Seng Investment: Maintaining a neutral risk appetite for the second quarter, favoring U.S. stocks, Japanese stocks, and global technology stocks, with expectations of an interest rate cut in the final quarter.

Henry So, Chief Investment Officer of Hang Seng Investment Management, stated that the bank maintained a neutral overall risk appetite in the second quarter, with a slight preference for equities over bonds. In terms of equities, the bank is relatively optimistic about the U.S., Japanese, and global technology stocks, neutral on China and emerging Asian markets, and relatively bearish on European equities. Regarding bonds, the bank continues to favor Asian investment-grade bonds and has upgraded its view on Asian high-yield bonds to neutral. As for gold, it is recommended to maintain an allocation of 5% to 10% within personal wealth portfolios. The bank anticipates two interest rate cuts, with the first most likely occurring in the fourth quarter. He expressed that the expectation of potential interest rate cuts supports a positive outlook on stock prices.

AASTOCKSMay 7 16:58

Express News | Cailian Press Selects Noon News Highlights for May 7

BreakingsMay 7 12:04

Nikkei May Rise on Hopes for U.S.-Iran Peace Talks -- Market Talk

WSJMay 7 07:47

The US Department of Defense Reaches Agreements with Seven AI Companies; International Oil Prices Fall Before Market Opens | Tonight's Key Points

①The U.S. Department of Defense has reached agreements with seven AI companies; ②SpaceX: The Starship project has accumulated investments exceeding 15 billion U.S. dollars, with plans to launch the 'Starlink V3' satellites in the second half of 2026; ③Exxon Mobil achieved a net profit of 4.2 billion U.S. dollars in the first quarter; ④Fed's Harker: The FOMC's easing bias is no longer appropriate.

cls.cnMay 1 20:37