Hello, this is breaking news. Oh, it's been a while since we had breaking news on Naver News. The key point is about the story of inflation, which is really important. Let me introduce the content. First of all, the U.S. market received some corrections yesterday. The reason can be simply put as it went up too much. It seems like there was a sense of enough with the greed in the atmosphere. The stock market was in the overbought zone. However, ironically, even though it was in the overbought zone, surprisingly, if we look at the Fear and Greed Index, it is currently in the fear zone. People are feeling fear or greed. If you look at whether people are feeling fear or greed, despite the high stock prices, it turns out that due to excessive speculation, Nvidia and AI stocks surged, leaving other stocks behind to suffer.

I was talking about the fact that these sudden phenomena are easing, so if you've been eating a lot so far, you should now lower your expectations a bit. You can think that this kind of atmosphere was created. Also, Bitcoin has been dropping a lot recently. So, Hwang-guk mentioned breaking the 120-day moving average recently and said he would sell all. What are you going to do about it? So, if I introduce that part a bit, I don't consider Bitcoin as an asset that can be bought and sold. I think Bitcoin, you know, is not an asset that can be bought and sold. I think that no one has an accurate explanation for why it goes up or down, so many people try to explain why it goes up or down, but I think there is no accurate explanation. That's why I think using any chart or tool is completely wrong. I still think that there is no standardized investment tool, so what to do with this asset.

I cannot set up strategies like buy at 8 and sell at 4 and I have realized that I do not have the ability to do so. Maybe I will be able to do that later, but I don't think so now. Therefore, in my opinion, Bitcoin is an asset that I continue to accumulate for 3 to 5 years, but I would like to say it is not. Let me show you a few diagrams and explain. First of all, the yen is showing a significant weakness right now. When am I talking about? I'm talking about the 1900s. It is showing weakness up to the level of the 1990s. Why is that? If you look at the reason, there is only one. The U.S. interest rates are too high, and Japan's interest rates are too low. That's it. That's the end. So, who would want to buy yen? They would rather buy dollars. The article I want to introduce today is about this content. If you look closely at this content, in the case of Japanese insurance companies, they invest overseas.

The assets they have put down amount to about 2 trillion dollars. They have invested that 2 trillion dollars overseas. But if it's 2 trillion dollars, then in our currency, it's about 2.6 trillion won. They have invested such a huge amount of money overseas. Just imagine if you have like 100 billion or 200 billion invested in U.S. stocks. But if the stock prices fluctuate due to exchange rate movements, how difficult would it be to sleep at night? So, what these people are thinking is, insurance companies should think about trading derivative products to ensure stable assets regardless of how the yen is moving. Therefore, if the yen strengthens, we shouldn't incur losses. So, there was demand to try to prevent that. Would you like to see this graph? In 2020,

About 60% of the demand that was thought not to be influenced by yen strength is rapidly decreasing. However, during this rapid decline, the yen also appeared to be weakening at the same rate. I don't know what you're talking about. Please explain it simply. I will explain it very simply. In short, insurance companies in Japan are being cautious. They say there is no such thing as yen strength. When I report to my boss, I ask, Boss, what if the yen strengthens? Then the boss says, Will the yen really strengthen? Don't you have any thoughts yet? It's really frustrating. Don't just waste money like this. This atmosphere is being created, and it is said that Japanese insurance companies think so.

It might be difficult to become strong, so then the Japanese yen is likely to weaken. Considering that it has been the weakest since the 1990s, this could lead to some headaches. However, as you may know, there was a large intervention in the Japanese yen in May, as I mentioned earlier. This is something that really shouldn't happen. I introduced it through my column, and roughly about 1 trillion yen was used, which is close to about 80 trillion Korean won, to try to prevent the yen from weakening. It was a clear intervention in the exchange rate. However, some interesting points came out in yesterday's exchange rate report. In fact, the relationship between Japan and the United States is very friendly, so you could say that there is a mood among the Japanese like, Please help us a little.

I think this situation will become difficult. Because the yen has been continuously weakening, from the perspective of the Bank of Japan (BOJ), if it continues to weaken, various problems are likely to arise. They must have thought, We can't let this continue to weaken, and as I mentioned earlier, by injecting a huge amount of money equivalent to 80 trillion won, they tried to show their determination. Is it okay? We have spent quite a lot, they said. Yes, they did spend a lot, but they said it was okay. Yesterday, in the United States, they mentioned this. Japan should also be classified as a country under observation for currency manipulation. This is what they said. It seems like Japan is not a currency manipulator, but let's observe them a bit. No, this won't do. Aren't they spending too much? This kind of atmosphere has emerged now, so the question is whether the Bank of Japan will boldly intervene in the exchange rate again this time when the yen weakens, like they did last time.

I think we need to check if it is possible. So, the important thing is actually how the yen is doing. So, if the yen weakens, what happens? It can lead to various issues. Japanese investors may think about bringing back the funds they have invested overseas and sell overseas assets, which could increase the volatility of the financial markets. That was the first concern pointed out in a Bloomberg news yesterday. I need to check this part a bit. Although it's not the mainstream opinion, such discussions are emerging. Japan's yen continues to weaken. So, what problems could arise when Japan's yen weakens? For our country, it's export companies. Japan's yen weakens, so Toyota, which is

We can do well in business, but Korean companies may not be able to do so, so there is talk that only Korea and China can engage in a currency war. A currency war is a scary story, and it's been a long time since we heard about it. It means that each country competitively aims to weaken its own currency. In other words, there is a possibility that this situation may occur again, so you need to keep this in mind. Also, the Korean won is not an exception, so you need to prepare for the possibility of the Korean won weakening. The market adjusted a bit yesterday, and the main reason is that the desire for profit-taking on many good stocks has increased. It is necessary to consider this. If there are people who have made a lot of money recently, they may think, Oh, I've made a lot. Should I take some profits and relax a bit?

I think it might be necessary to consider subscribing. If you enjoyed today's content, please don't forget to subscribe and press the like button. I will say goodbye here. Thank you for watching so far.

[속보효] 모난 돌 아니 모난 AI가 정맞는다

효친님들을 위한 바이사이드 애널리스트 이효석 매니지스트입니다. 
운용 경험을 살려서 변화된 세상에서 생존을 위한 투자전략을 리서치하고 있습니다.
비즈니스/광고/협업 문의 : contact@hs-academy.kr


[속보효] 모난 돌 아니 모난 AI가 정맞는다

[속보효] 모난 돌 아니 모난 AI가 정맞는다

Scripts