☀️ Good morning! This is FPTRENDY Morning News on the morning of Tuesday, April 22nd.
As we enter the week of earnings earnings, multiple risk factors such as foreign exchange, interest rates, and geopolitics are intertwined.
In the market, the strengthening of the yen and the rise of the VIX reflect a heightened sense of risk caution, and this week's US corporate earnings and economic data will also be closely watched.
Let's check out today's highlights!
📌 Yesterday's main economic news
🌏 Dollar selling reignited, wavering "U.S. is the strongest" structure|Yen appreciation and signs of exchange rate multipolarity
Explanation of the contents:
Amid growing expectations of a rate cut by the Fed, the dollar was sold and the yen temporarily rose to the low 140 yen level. This is the highest level in about seven months, and there are signs that the market is beginning to shift from a one-pole dollar to a multipolar currency system. Structural changes in the foreign exchange market may have a significant impact on future investment strategies.
→ This newsDigging deeper
⚠️ Fukushima Daiichi to Stage 2 of Debris Retrieval |
Explanation of the contents:
The removal of debris (molten fuel) from Unit 2 of the Fukushima Daiichi Nuclear Power Plant is progressing smoothly, and the second removal is scheduled to be completed on the 22nd. This is an important step forward in the development of the decommissioning plan, and will also lead to improved reliability in terms of technology and safety.
→ This newsDigging deeper
💰 A new type of loan that exempts repayment in the event of a disaster|SMBC makes a splash in supporting companies
Explanation of the contents:
SMBC has introduced a new loan that exempts companies from repaying loans if they suffer a certain amount of damage due to natural disasters. It is attracting attention as a system to enhance the business continuity of companies, and it also serves as a response to the SDGs as part of sustainability management.
→ This newsDigging deeper
🤖 Sumisho and SBI Invest in Vietnam AI Data Center|Aiming for AI Hub in ASEAN
Explanation of the contents:
Sumitomo Corporation and SBI Holdings invested in a Vietnamese company's AI-focused data center business. Against the backdrop of growing demand for generative AI in the ASEAN region, we are accelerating the development of next-generation infrastructure. The movement to build a core AI processing base in the region is in full swing.
→ This newsDigging deeper
💹 The acceleration of the yen's appreciation and the persistence of the Bank of Japan's interest rate hike theory|The battle at the 140 yen level continues
Explanation of the contents:
The yen rose significantly, breaking through 1 dollar = 140 yen for the first time in 7 months. In the market, expectations of an early interest rate hike by the Bank of Japan have been rekindled, and it is remarkable that the Bank of Japan is aware of a turning point in monetary policy. Coupled with a weaker dollar, the yen's strengthening trend may continue.
→ This newsDigging deeper
🌐 Summary of global stock indices at the end of last week
| Index Name | Current Value | fluctuation | Variability |
|---|---|---|---|
| Tokyo Stock Price Index (TOPIX) | 2,528.93 | -30.22 | -1.18% |
| Nikkei 225 | 34,279.85 | -450.21 | -1.30% |
| Nikkei 225 Futures | 34,120 | -140 | -0.41% |
| JPX Prime 150 Index | 1,107.54 | -13.96 | -1.24% |
| S&P500 | 5,158.20 | -124.50 | -2.36% |
| Dow | 38,170.41 | -248.13 | -0.65% |
| Nasdaq Composite | 15,870.90 | -415.55 | -2.55% |
| DAX (Germany) | 21,805.86 | -105.16 | -0.48% |
| FTSE100 (English) | 8,093.26 | +96.87 | +1.18% |
| Nifty50 (Mark) | 24,125.55 | +273.90 | +1.15% |
| SSE Composite Index (China) | 3,123.91 | +14.7037 | +0.45% |
| SENSEX (mark) | 79,408.50 | +855.30 | +1.09% |
| Bovespa (Brazil) | 129,650.03 | +1,333.14 | +1.04% |
| Fear Index (VIX) | 33.81 | +4.15 | +13.99% |
📈 Looking back on the chart ~Market movement now and at the end of last week~
Nikkei 225 (Daily)
Close: 34,279.85 yen (-450.21 yen/-1.30%)
It fell sharply from the previous day's return trend.
The upside was suppressed, and the price fell below the 34,500 yen level again.
In addition to the feeling of caution about the decline in U.S. stocks and the appreciation of the yen, the wait-and-see mood for domestic earnings that will be in full swing this week also weighed on the market.
USDJPY (1-hour timeframe)
It continues to remain firm in the low 140 yen range.
The dollar-yen pair fell sharply at the end of last week (below 140 yen → the latter half of the 141 yen range) and is currently around 140.80 ~ 141.00 yen.Entering the kneading range。
Against the backdrop of the adjustment of U.S. long-term interest rates and the expectation of a rate cut by the Fed,Yen Appreciation Pressure Continues。 However, if it falls below 140 yen, it may technically induce a stop loss.
U.S. 10-year Treasury yield (daily, line)
Close: 4.362% (+0.029pt/+0.67%)
While maintaining a high level, it declined slightly for the first time in five business days.
There is a pause in the rise in yields.
In a tug-of-war between rising prices and the Fed's hawkish stance, the market is focused on this week's economic data and FOMC members' statements.
VIX (Fear Index, Daily, Fold)
Close: 33.81 (+4.15/+13.99%)(April 22 morning)
Rebounding in the low 30s. Investors are once again becoming more cautious ahead of the start of the week.
This is due to geopolitical risks and concerns about the earnings season in full swing. Hints at increased volatility in the stock market.
S&P500 (1 hour)
U.S. stocks continued to decline technically.
The S&P 500 has corrected significantly from its mid-April highs and is currently trading in the 5,150 range. -2.36% based on the previous day's closing price.
On a daily basis,Around 5,100 is the next support zoneIt is expected that further downward risk will be wary depending on the earnings results and indicators in the second half of this week.
📅 Future Economic Plans
Economic Schedule Details【Tap or Click!】
| time | country | Metric name | Previous USD/JPY Change Range | Previous (revised) | expectation | result |
|---|---|---|---|---|---|---|
There is no economic information available | ||||||
| time | country | Metric name | Previous USD/JPY Change Range | Previous (revised) | expectation | result |
|---|---|---|---|---|---|---|
There is no economic information available | ||||||
| time | country | Metric name | Previous USD/JPY Change Range | Previous (revised) | expectation | result |
|---|---|---|---|---|---|---|
| undecided |
|
中国・貿易収支 06月 [貿易収支] | --- | 7240億元 | --- | --- |
| undecided |
|
中国・貿易収支 06月 [貿易収支（ドル建て）] | --- | 1054億ドル | 1210億ドル | --- |
| 08:01 |
|
英国・BRC既存店売上高 06月 | +0.9pips | 3.4% | --- | --- |
| 13:30 |
|
日本・鉱工業生産（確報値） 05月 [前年比] | -0.1pips | -1.7% | -1.7% | --- |
| 13:30 |
|
日本・鉱工業生産（確報値） 05月 [設備稼働率・前月比] | -0.1pips | -0.8% | --- | --- |
| 21:30 |
|
アメリカ・消費者物価指数（CPI） 06月 [前月比] | -0.5pips | 0.5% | -0.1% | --- |
| 21:30 |
|
アメリカ・消費者物価指数（CPI） 06月 [前年比] | -0.5pips | 4.2% | 3.8% | --- |
| 21:30 |
|
アメリカ・消費者物価指数（CPI） 06月 [食品・エネルギー除くコア・前月比] | -0.5pips | 0.2% | 0.2% | --- |
| 21:30 |
|
アメリカ・消費者物価指数（CPI） 06月 [食品・エネルギー除くコア・前年比] | -0.5pips | 2.9% | 2.8% | --- |
| time | country | Metric name | Previous USD/JPY Change Range | Previous (revised) | expectation | result |
|---|---|---|---|---|---|---|
| 05:00 |
|
アメリカ・対米証券投資 05月 | -7.1pips | 1031億ドル | --- | --- |
| 08:50 |
|
日本・機械受注 05月 [前月比] | +1.1pips | 8.7% | -4.6% | --- |
| 08:50 |
|
日本・機械受注 05月 [前年比] | +1.1pips | 15.6% | 13.0% | --- |
| 10:30 |
|
中国・新築住宅販売価格 06月 [前月比] | +1.2pips | -0.20% | --- | --- |
| 11:00 |
|
中国・実質ＧＤＰ 第2四半期 [前年比] | +3.9pips | 5.0% | 4.5% | --- |
| 11:00 |
|
中国・実質ＧＤＰ 第2四半期 [前期比] | +3.9pips | 1.3% | 1.0% | --- |
| 11:00 |
|
中国・小売売上高 06月 [前年比] | +1.3pips | -0.6% | -0.1% | --- |
| 11:00 |
|
中国・小売売上高 06月 [年初来・前年比] | +1.3pips | 1.4% | --- | --- |
| 11:00 |
|
中国・鉱工業生産指数 06月 [前年比] | +1.3pips | 4.5% | 4.6% | --- |
| 11:00 |
|
中国・鉱工業生産指数 06月 [年初来・前年比] | +1.3pips | 5.4% | --- | --- |
| 18:00 |
|
ユーロ・鉱工業生産指数 05月 [前月比] | -2.4pips | 0.1% | 0.4% | --- |
| 18:00 |
|
ユーロ・鉱工業生産指数 05月 [前年比] | -2.4pips | 0.3% | -0.4% | --- |
| 21:30 |
|
アメリカ・ニューヨーク連銀製造業景気指数 07月 | +0.6pips | 5.7 | 8.8 | --- |
| 21:30 |
|
アメリカ・生産者物価指数（PPI） 06月 [前月比] | +1.2pips | 1.1% | -0.1% | --- |
| 21:30 |
|
アメリカ・生産者物価指数（PPI） 06月 [前年比] | +1.2pips | 6.5% | 6.2% | --- |
| 21:30 |
|
アメリカ・生産者物価指数（PPI） 06月 [食品・エネルギー除くコア・前月比] | +1.2pips | 0.4% | 0.4% | --- |
| 21:30 |
|
アメリカ・生産者物価指数（PPI） 06月 [食品・エネルギー除くコア・前年比] | +1.2pips | 4.9% | 5.2% | --- |
| 22:45 |
|
カナダ・中銀政策金利 07月 [カナダ中銀政策金利] | +3.7pips | 2.25% | 2.25% | --- |
| 23:30 |
|
アメリカ・週間石油在庫統計 07/04 - 07/10 [原油在庫・前週比] | +2.8pips | 299.8万バレル | --- | --- |
| 23:30 |
|
アメリカ・週間石油在庫統計 07/04 - 07/10 [ガソリン在庫・前週比] | +2.8pips | -190.4万バレル | --- | --- |
| 23:30 |
|
アメリカ・週間石油在庫統計 07/04 - 07/10 [留出油在庫・前週比] | +2.8pips | -498.0万バレル | --- | --- |
| time | country | Metric name | Previous USD/JPY Change Range | Previous (revised) | expectation | result |
|---|---|---|---|---|---|---|
| 15:00 |
|
英国・月次GDP 05月 [前月比] | -3.0pips | -0.1% | 0.1% | --- |
| 15:00 |
|
英国・鉱工業生産指数 05月 [前月比] | -3.0pips | 0.0% | --- | --- |
| 15:00 |
|
英国・鉱工業生産指数 05月 [前年比] | -3.0pips | -0.2% | --- | --- |
| 15:00 |
|
英国・製造業生産高 05月 [前月比] | -3.0pips | 0.4% | --- | --- |
| 15:00 |
|
英国・製造業生産高 05月 [前年比] | -3.0pips | 1.0% | --- | --- |
| 15:00 |
|
英国・貿易収支 05月 [商品貿易収支] | -3.0pips | -260.46億ポンド | --- | --- |
| 21:15 |
|
カナダ・住宅着工件数 06月 | -1.5pips | 26.14万件 | 25.80万件 | --- |
| 21:30 |
|
アメリカ・新規失業保険申請件数 06/28 - 07/04 [継続受給者数] | -84.3pips | 181.4万件 | --- | --- |
| 21:30 |
|
アメリカ・新規失業保険申請件数 07/05 - 07/11 | +0.7pips | 215,000 | --- | --- |
| 21:30 |
|
アメリカ・フィラデルフィア連銀景況指数 07月 | +0.4pips | 10.3 | 15.0 | --- |
| 21:30 |
|
アメリカ・小売売上高 06月 [前月比] | -2.2pips | 0.9% | 0.3% | --- |
| 21:30 |
|
アメリカ・小売売上高 06月 [自動車除くコア・前月比] | -2.2pips | 0.8% | -0.1% | --- |
| 23:00 |
|
アメリカ・中古住宅販売成約指数 06月 [前月比] | +4.4pips | 3.8% | --- | --- |
| time | country | Metric name | Previous USD/JPY Change Range | Previous (revised) | expectation | result |
|---|---|---|---|---|---|---|
| 21:30 |
|
アメリカ・住宅着工件数 06月 [住宅着工件数] | -0.3pips | 117.7万件 | 132.0万件 | --- |
| 21:30 |
|
アメリカ・住宅着工件数 06月 [住宅着工件数・前月比] | -0.3pips | -15.4% | 13.0% | --- |
| 21:30 |
|
アメリカ・住宅着工件数 06月 [住宅建築許可件数] | -0.3pips | 141.0万件 | 140.5万件 | --- |
| 21:30 |
|
アメリカ・住宅着工件数 06月 [住宅建築許可件数・前月比] | -0.3pips | -0.9% | -0.7% | --- |
| 22:15 |
|
アメリカ・鉱工業生産指数 06月 [前月比] | -2.4pips | 0.1% | 0.2% | --- |
| 22:15 |
|
アメリカ・鉱工業生産指数 06月 [設備稼働率] | -2.4pips | 76.2% | 76.2% | --- |
| 23:00 |
|
アメリカ・ミシガン大学消費者信頼感指数（速報値） 07月 [ミシガン大学消費者信頼感指数] | -4.1pips | 49.5 | 51.3 | --- |
📌 Recent Featured Economic Events and Highlights
| index | gist |
|---|---|
| April 22 (Tue) | |
| Richmond Fed Manufacturing Index (Apr) | A leading indicator of U.S. manufacturing sentiment. Last time it was -4, this time it is -7. |
| April 23 (Wed) | |
| Eurozone Preliminary Manufacturing PMI (Apr) | Business sentiment is expected to deteriorate from 48.6 → forecast to 47.4. The slowdown in the economy is a cause for concern. |
| Eurozone Services PMI preliminary figures for April | It is expected to slow slightly from the previous forecast of 51.0 → 50.5. Be aware of the boundaries between booms and busts. |
| U.S. MANUFACTURING PMI preliminary data (Apr) | The previous forecast was 50.2 → 51.9. If it falls below 50, the feeling of recession may intensify. |
| Preliminary U.S. Non-Manufacturing PMI (Apr.) | Previous: 54.4→ forecast 52.9. Attention is paid to the recovery led by the service industry. |
| U.S. New Home Sales (Mar) | Demonstrate the health of the housing market. 676,000 → forecast 680,000 in the previous report. |
These data are stored in theThe timing of the US Fed's interest rate cut and the expectation that the Chinese economy will bottom outThis is expected to have a ripple effect on the FX, equity, and bond markets.
Notable financial results of major Japanese and U.S. companies
| Company Name | Industry | Highlights |
|---|---|---|
| Tuesday, April 22, 2025 | ||
| Obic （4684） |
IT Services & ERP Software | Stable business performance, high profit margins, dividend trends, and AI-related demand are attracting attention |
| Komeri （8218） |
Home Improvement | Focus on sales trends in rural housing demand and inflation |
| tesla （TSLA） |
electric car | Slowing in unit sales, pricing strategy, and focus on progress in FSD (Autonomous Driving) |
| Lockheed Martin （LMT） |
Defense & Aerospace | Attention on the U.S. defense budget and rising geopolitical risks |
| GE Aerospace （GE） |
Aero Engines & Defense | Confirmation of earnings stability as a core company after GE restructuring |
| Intuitive Surgical （ISRG） |
Medical Devices (Surgical Support Robots) | Da Vinci sales volume and sales expansion status of new models |
| Moody 's （MCO） |
Rating Agencies & Financial Information | Benefits of the boom in corporate bond issuance and growth potential of the fintech business |
| Verizon （VZ） |
Telecommunications giant | Focus on 5G investment recovery and profitability recovery |
🔍 Today's Outlook
The appreciation of the yen and the sharp rise in the VIX symbolize the market's risk aversion.
Dollar selling has accelerated, and the foreign exchange market has become multipolar. To be announced tonightRichmond Fed Manufacturing IndexOr I'll be back tomorrowPreliminary U.S. EU PMI figuresHowever, it is a material that affects the view of interest rates and the economy.
Together with full-fledged corporate financial results,Beware of short-term volatility gainsIn the meantime, it will be a day to calmly assess the market's reaction.
☀️ Thank you for your support today!
In today's market, the impact of the yen's appreciation and the full-scale settlement of accounts is likely to intersect, and it is necessary to pay attention to unexpected price movements.
While being aware of the risks, let's calmly assess changes in the market.
Welcome! 👋
FPTRENDY brings you economic "tips" in your morning again today.
