避险情绪缓解
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瑞穗证券:美政府停摆预期或加剧日元贬值压力
Sou Hu Cai Jing· 2025-11-10 01:23
Group 1 - The core viewpoint is that the expectation of the end of the U.S. government shutdown is increasing, leading to a reduction in risk aversion and accelerating the selling pressure on the Japanese yen [1][2]. - Market participants anticipate that the government shutdown will end by Thanksgiving at the latest, with a possibility of it concluding as early as this week [1][2]. - If the shutdown ends in the first half of this week, it could boost stock prices and further exacerbate the depreciation pressure on the yen [1][2]. Group 2 - During the Japanese trading session, establishing positions for buying USD and selling JPY is challenging due to market caution regarding verbal interventions [1][2]. - Authorities are expected to increase warnings if the JPY/USD exchange rate falls below 155, with actual intervention likely only occurring at the 160 level [1][2].