Breaking
Israel would be out of control and the disorder in the middle east will deteriorate following sanctions by norm-based coalition of the willing.
inflationary pressure will accelerate further and is expected to have a negative impact on the midterm elections in the US.
Even in this risk-off market, the Japanese equity market would remain resilient.
Israel wants to continue its war and further isolation doesn't matter for Israel.
the world cannot endure the hovering inflationary pressure in the end.
As for the Japanese financial market, it incurs a secondary impact and despite the last rate hike by the Bank of Japan, the equity market has not lost momentum.
It seems the Cabinet approval ratings have the biggest impact.
Dollar index ↘️
Gold ↗️
Energy ↗️
Equity market ↘️
Gov yield （Japan) ↘️
Official rate （Japan) ↗️
Treasury yield （US) ↗️
Fed rate ➡️
JPY around 155 Yen ➡️
This commentary was delivered 4 days ago for my clients.
Related news
https://lnkd.in/p/gzJ_QDEW