EUR/USD
1.17406
0.208%
Gold
3885.61
0.761%
Oil
60.525
0.064%
USD/JPY
147.454
0.139%
GBP/USD
1.34825
0.330%
GBP/JPY
198.810
0.472%
Real-time News
Palestinian Islamic Jihad: Hamas response to Trumps Gaza plan reflects a "resistance stance."On October 4th, Naoya Hasegawa, head of bond strategy at Okada Securities, stated that the likelihood of a Bank of Japan (BoJ) rate hike later this month has diminished. The market will initially react to the results of the Liberal Democratic Party (LDP) presidential election by buying medium-term bonds and selling ultra-long bonds, leading to a steepening of the yield curve. Previously, the market expected a BoJ rate hike to 0.75% in October to be over 60%, but this probability is expected to fall below 50% next week. The recent rise in market expectations for a BoJ rate hike stems from expectations of Shinjiro Koizumis election and hawkish signals from BoJ board member Asahi Noguchi.On October 4th, Yuka Hayashi, Vice President of the Asia Group, stated that Sanae Takaichi is a highly experienced politician. Her experience working in the United States and her long-time observation of US-Japan relations are her strengths. She expressed confidence in building a strong personal relationship with President Trump because her policies, emphasizing "Japan First," resonate with his "America First" approach. She believes the two sides share common ground in this regard. This is a very challenging time for the LDP, so I believe she will likely focus on party unity and be very careful to avoid taking an overly conservative and hardline stance on foreign policy.On October 4th, at the recently concluded EU leaders summit, the proposal to establish an EU "drone wall" became a key focus. European Commission President Ursula von der Leyen stated after the meeting that the plan would continue to move forward. However, significant disagreements have arisen among EU countries regarding the proposal, with the "drone wall" evolving beyond a simple technical project into a political battle over the direction of European defense. According to currently disclosed information, the envisioned "drone wall" is a networked, three-dimensional defense system. The proposal was first proposed on September 10th of this year, when European Commission President Ursula von der Leyen delivered her "State of the Union" address to the European Parliament, mentioning the need to establish a monitoring mechanism for the EUs eastern flank, develop real-time space surveillance capabilities, and adopt the Baltic states initiative to build a "drone wall." The main source of disagreement is the allocation of the EU budget. According to the current design, two-thirds of the funding for the "drone wall" project is required to go to Eastern European countries, sparking dissatisfaction among Western and Southern European countries such as Germany, France, and Italy. Furthermore, Eastern European "New Europe" countries have long harbored resentment towards the dominance of "Old Europe" countries such as France and Germany in defense affairs.On October 4, Sanae Takaichi won the Liberal Democratic Party presidential election and is expected to become Japans first female prime minister.
