Shares of Tokyo Metro surged over 40% on their debut following Japan's largest IPO in six years, raising 348.6 billion yen ($2.3 billion). The offering was oversubscribed more than 15 times, with retail investors showing significant interest. Experts highlight the company's stable cash flow and low operational risk, making it an attractive investment.
EUR/JPY is testing resistance at ¥163.64 after a recent upward trend, with support around ¥162.00. In contrast, EUR/GBP has returned to September lows, struggling below £0.84, while AUD/USD is attempting to recover from six-week lows, supported by positive divergence in daily stochastics.
UBS has set a short-term fair value for USD/JPY below 148.00, while noting that levels above 152.00 indicate a stretched rate. The focus remains on the volatility of yen movements, with the Bank of Japan's upcoming meetings on October 30-31 and December 18-19 potentially influencing rates.
UBS has identified a fair value for USD/JPY below 148.00 in the short term, while noting that levels above 152.00 are considered stretched. The firm emphasizes the importance of monitoring US and Japanese rates, especially with the Bank of Japan's upcoming meetings on October 30-31 and December 18-19, where a rate hike is anticipated. Despite expectations, there were no significant intervention comments from Japanese authorities recently.
Tokyo Metro Co. is set for a strong trading debut after its IPO attracted significant investor interest, with shares priced at ¥1,200 ($8) each. The offering raised ¥348.6 billion, marking Japan's largest IPO since SoftBank Corp. in 2018, and was oversubscribed more than 15 times, according to lead underwriters.
In September, gold surged 5.2% while crude oil fell 6.2%. US equity hedged strategies saw positive returns, driven by individual stock selection and a shift from defensives to cyclicals, with consumer discretionary leading. European and Asian equity strategies also performed well, particularly in China due to government stimulus, despite volatility in Japan.
In September, gold surged 5.2% while crude oil fell 6.2%. US equity hedged strategies saw positive returns, driven by individual stock selection and a shift from defensives to cyclicals, with consumer discretionary leading. European and Asian equity strategies also performed well, particularly in China due to government stimulus, despite volatility in Japan.
In September, gold surged 5.2% while crude oil fell 6.2%. US equity hedged strategies saw positive returns, driven by individual stock selection and a shift from defensives to cyclicals, with consumer discretionary leading. European and Asian equity strategies also performed well, particularly in China due to government stimulus, despite volatility in Japan.
In September, gold surged 5.2% while crude oil fell 6.2%. US equity hedged strategies saw positive returns, driven by individual stock selection and a shift from defensives to cyclicals, with consumer discretionary leading. European and Asian equity strategies also performed well, particularly in China due to government stimulus, despite volatility in Japan.
In September, gold surged 5.2% while crude oil fell 6.2%. US equity hedged strategies saw positive returns, driven by individual stock selection and a shift from defensives to cyclicals, with consumer discretionary leading. European and Asian equity strategies also performed well, particularly in China due to government stimulus, despite volatility in Japan.
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