• On April 29, the Japanese yen experienced a significant fluctuation against the US dollar, dropping to a new low since 1986 at 160.17 yen before rebounding strongly to 154.54 yen, marking an unusual intraday swing of 5.63 yen.
• Speculations arose about potential intervention by Japanese financial authorities in the currency market, especially after such a sharp recovery from a critical psychological threshold; however, Japan's Ministry of Finance did not confirm any intervention.
• Despite repeated statements from Japan's Ministry of Finance about intervening if necessary due to the adverse effects of speculative-driven excessive volatility on the economy, there is caution regarding the timing and support from the Bank of Japan, which has been less enthusiastic about stabilizing the yen due to its potential economic benefits.

【本文系数据通用户提前专享】虽然日本财务省多次表示将在必要时入市干预，但对于时机的把握需要十分谨慎，因为它很难承受失败的风险

虽然日本财务省多次表示将在必要时入市干预，但对于时机的把握需要十分谨慎，因为它很难承受失败的风险

在当前菲利普斯曲线凹陷区间内，美联储将继续保持高利率水平更加持久

韩国4月的通胀放缓程度超过预期，这表明当局为物价降温的行动取得了进展，尽管韩元走软可能在未来几个月形成挑战

广州市统计局称，一季度，广州经济运行面临着燃油车市场需求不足的影响，共计生产汽车55.65万辆，同比下降21.9%

日元贬值或有四点影响：海外资金重新布局全球投资；非美经济体制造业景气或有小幅下修；日本产品或对中国出口形成阶段性挑战；后续或有日元汇率干预将一定程度推升美债利率

考虑到日元贬值对提振通胀预期、吸引外资流入的边际作用快速递减，虽然日央行仍将保持宽松的货币政策，但对日元进一步大幅贬值的容忍度也将降低

当下，日本经济的复苏是名义而非实际的、外生而非内生的；“脆弱”的基本面下，日央行大幅加息概率或相对较低。而从历史上日本“干预”前指引来看，当下日本财务省距离“干预”或仅剩临门一脚

推荐：茅台将换帅 51岁张德芹拟出任董事长；中国会否允许特斯拉的完全自动驾驶科技在国内运行？外交部回应；楼市政策宽松预期上升 地产股全线大涨；干预缺位 日元对美元跌破160；4月财新中国制造业PMI今日发布

经济与就业形势整体向好但基础尚待夯实，民营企业经营压力加大岗位创造力下降

日本央行上周五未能加息，日元对美元汇率连续两个交易日大跌

物价低迷已成为中国经济的一个长期现象，应以更大力度的宏观调控有效推动物价回升

推荐：“沪深股通”年内北向净买入达720亿 超去年全年逾六成；汽车以旧换新细则出台 补贴金额7000元起；马斯克“意外”访华 会推动FSD落地吗？

• On April 13, 2024, Iran launched a significant direct attack on Israel from its territory with over 300 drones and missiles, marking a new height in the long-standing conflict between the two nations. This was in retaliation for an Israeli airstrike on April 1 that killed several Iranian officials in Syria.
• The U.S. and Israel were prepared for the attack, intercepting most of the incoming weapons with minimal damage reported. Post-attack, both countries showed restraint; President Biden urged Israeli Prime Minister Netanyahu to avoid further escalation, emphasizing defense support but not backing retaliatory actions against Iran.
• Iran portrayed the strike as self-defense and expressed no intention of escalating regional tensions further. Both nations signaled a desire to deescalate following the exchange, amidst global concerns about potential broader conflicts impacting economic and geopolitical stability in the Middle East.

【本文系数据通用户提前专享】中东被推向一场全面战争的边缘，可能为未来更多的误判和意外打开大门，显著抬升全球经济面临的地缘政治风险

中东被推向一场全面战争的边缘，可能为未来更多的误判和意外打开大门，显著抬升全球经济面临的地缘政治风险

在漫长的对抗通缩和加码QE过程中，可以清晰感受到日本央行实施QE的初衷，也是QE终极目的——尽可能降低利率从而撬动通胀回升

一季度深圳出口同比增速跳升，对全国出口的贡献率达53%