{"id":12973,"date":"2024-04-25T09:49:11","date_gmt":"2024-04-25T09:49:11","guid":{"rendered":"https:\/\/www.vtmarkets.com\/?p=12973"},"modified":"2025-03-06T06:58:22","modified_gmt":"2025-03-06T06:58:22","slug":"markets-today-yen-shift-meta-stock-performance","status":"publish","type":"post","link":"https:\/\/www.vtmarketsglobal.com\/en\/analysis\/12973\/","title":{"rendered":"MARKETS TODAY: Yen Shift, Meta Stock Performance"},"content":{"rendered":"\n<p>The <a href=\"https:\/\/www.vtmarkets.com\/tools\/education\/learn-forex\/fx-currency-correlations\/\" title=\"USD\/JPY pair\">USD\/JPY pair<\/a> has surpassed the 155.00 mark, <a href=\"https:\/\/www.reuters.com\/markets\/currencies\/japan-wont-intervene-unless-yen-slides-below-155-says-ex-fx-diplomat-watanabe-2024-04-04\/\" target=\"_blank\" rel=\"noopener\" title=\"a level highlighted\">a level highlighted<\/a> by ex-Deputy Finance Minister Michio Watanabe as pivotal. <\/p>\n\n\n<div class=\"wp-block-image\">\n<figure class=\"aligncenter size-large is-resized\"><img decoding=\"async\" src=\"https:\/\/www.vtmarkets.com\/wp-content\/uploads\/2024\/04\/Selected-photo-1024x522.jpg\" alt=\"A chart from the VT markets trading app showing the exchange rate of USD\/JPY reaching above the 155.00 level\" class=\"wp-image-12974\" style=\"width:1450px;height:auto\" \/><\/figure><\/div>\n\n\n<p class=\"has-text-align-center\"><em>SEE: USD\/JPY breaks the 155.00 level on the VT Markets&nbsp;<a href=\"https:\/\/vtmarketsapp.onelink.me\/CD7D\/240525WA\" target=\"_blank\" rel=\"noreferrer noopener\">trading app<\/a><\/em><\/p>\n\n\n\n<p>This move comes as the market anticipates key economic data from the U.S., such as GDP and PCE figures. Historically, such breaches have led to a <a href=\"https:\/\/www.vtmarkets.com\/forex\/\" title=\"rise in the pair\">rise in the pair<\/a>, which might continue unless Japan&#8217;s Ministry of Finance steps in. In the past, interventions by the Ministry have caused rapid declines in USD\/JPY.<\/p>\n\n\n\n<p>The Bank of Japan (BoJ) is maintaining a watchful eye on inflation trends, as stated by Governor Kazuo Ueda, with current readings still below their targets. <\/p>\n\n\n\n<figure class=\"wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter\"><div class=\"wp-block-embed__wrapper\">\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\"><p lang=\"en\" dir=\"ltr\">Bank of Japan Gov. Kazuo Ueda has said the central bank may raise interest rates again if the yen&#39;s declines significantly push up inflation. <a href=\"https:\/\/t.co\/EZIrTGbicP\">https:\/\/t.co\/EZIrTGbicP<\/a><\/p>&mdash; The Japan Times (@japantimes) <a href=\"https:\/\/twitter.com\/japantimes\/status\/1781206211683025301?ref_src=twsrc%5Etfw\">April 19, 2024<\/a><\/blockquote><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script>\n<\/div><\/figure>\n\n\n\n<p>With the upcoming BoJ meeting, traders should look for clues in the medium-term inflation forecasts. A shift from previous dovish policies could impact the yen&#8217;s trajectory, especially in the context of rising <a href=\"https:\/\/www.vtmarkets.com\/tools\/education\/trading-guides\/how-to-trade-oil\/\" title=\"oil prices\">oil prices<\/a> that exacerbate economic pressures in Japan.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>Meta&#8217;s Performance and Future Outlook<\/strong><\/h3>\n\n\n\n<p>Meta Platforms, Inc. recently reported earnings that exceeded expectations, with a Q1 EPS of $4.71 and revenue of $36.46 billion. Despite these strong results, a cautious Q2 revenue forecast between $36.5 billion and $39 billion, which falls short of the $38.24 billion midpoint estimate, led to a 15% decline in Meta&#8217;s stock. <\/p>\n\n\n\n<figure class=\"wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter\"><div class=\"wp-block-embed__wrapper\">\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\"><p lang=\"en\" dir=\"ltr\">To keep a rally that\u2019s added nearly $350 billion in market value going, Meta must show it can maintain such growth when it reports earnings <a href=\"https:\/\/t.co\/QK0solFkq7\">https:\/\/t.co\/QK0solFkq7<\/a><\/p>&mdash; Bloomberg (@business) <a href=\"https:\/\/twitter.com\/business\/status\/1783102387298734146?ref_src=twsrc%5Etfw\">April 24, 2024<\/a><\/blockquote><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script>\n<\/div><\/figure>\n\n\n\n<p>Additionally, Meta&#8217;s CFO Susan Li noted that the full-year expenses are now <a href=\"https:\/\/www.reuters.com\/technology\/meta-raises-2024-expenses-forecast-support-ai-development-2024-04-24\/\" target=\"_blank\" rel=\"noopener\" title=\"projected to be between $96 billion and $99 billio\">projected to be between $96 billion and $99 billio<\/a>n, reflecting increases mainly due to infrastructure and legal costs. This adjustment might influence investor confidence, as increased expenses could weigh on profitability.<\/p>\n\n\n\n<p>Strategic investments in AI, AR, and VR technologies are a focal point for Meta, spearheaded by CEO Mark Zuckerberg. Despite these sectors not yet being major revenue drivers, their development is essential for long-term growth. Comparatively, Meta&#8217;s stock has outperformed Google&#8217;s over the last year, which may be attributed to better market positioning and strategic initiatives such as dividends and stock buybacks.<\/p>\n\n\n\n<p>Recent challenges, such as <a href=\"https:\/\/www.washingtonpost.com\/technology\/2024\/04\/18\/meta-ai-facebook-instagram-misinformation\/\" target=\"_blank\" rel=\"noopener\" title=\"controversies around Meta's AI chatbot\">controversies around Meta&#8217;s AI chatbot<\/a>, underscore the risks associated with new technology ventures. Nonetheless, Meta\u2019s initiative to open-source its Horizon operating system for AR\/VR headsets, and partnerships with firms like Lenovo and Microsoft, could broaden its influence in the AR\/VR arena.<\/p>\n\n\n\n<p>A big maybe in the air is the <a href=\"https:\/\/www.channelnewsasia.com\/world\/tiktok-bill-ban-clears-congress-us-china-app-4287741\" target=\"_blank\" rel=\"noopener\" title=\"potential U.S. ban\">potential U.S. ban<\/a> on TikTok &#8211; which could also provide a boost to Meta, as it might attract users and creators to its platforms, such as Instagram, further enhancing its market position in the digital space.<\/p>\n\n\n\n<p><strong>Start trading now \u2014 click&nbsp;<\/strong><a href=\"https:\/\/www.vtmarkets.com\/get-trading\/forex-trading-account\/?utm_campaign=account_c&amp;utm_source=dma&amp;utm_medium=website\"><strong>here<\/strong><\/a><strong>&nbsp;to create your live VT Markets account.<\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The USD\/JPY pair has surpassed the 155.00 mark, a level highlighted by ex-Deputy Finance Minister Michio Watanabe as pivotal. SEE: USD\/JPY breaks the 155.00 level on the VT Markets&nbsp;trading app This move comes as the market anticipates key economic data from the U.S., such as GDP and PCE figures. Historically, such breaches have led to <a href=\"https:\/\/www.vtmarketsglobal.com\/en\/analysis\/12973\/\" class=\"read-more\">Continue Reading<\/a><\/p>\n","protected":false},"author":5,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[3],"tags":[29,31,27,32],"class_list":["post-12973","post","type-post","status-publish","format-standard","hentry","category-analysis","tag-dollar","tag-forex","tag-stocks","tag-yen"],"acf":[],"aioseo_notices":[],"featured_image_src":null,"featured_image_src_square":null,"author_info":{"display_name":"luna","author_link":"https:\/\/www.vtmarketsglobal.com\/en\/author\/luna\/"},"_links":{"self":[{"href":"https:\/\/www.vtmarketsglobal.com\/en\/wp-json\/wp\/v2\/posts\/12973","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.vtmarketsglobal.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.vtmarketsglobal.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.vtmarketsglobal.com\/en\/wp-json\/wp\/v2\/users\/5"}],"replies":[{"embeddable":true,"href":"https:\/\/www.vtmarketsglobal.com\/en\/wp-json\/wp\/v2\/comments?post=12973"}],"version-history":[{"count":0,"href":"https:\/\/www.vtmarketsglobal.com\/en\/wp-json\/wp\/v2\/posts\/12973\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.vtmarketsglobal.com\/en\/wp-json\/wp\/v2\/media?parent=12973"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.vtmarketsglobal.com\/en\/wp-json\/wp\/v2\/categories?post=12973"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.vtmarketsglobal.com\/en\/wp-json\/wp\/v2\/tags?post=12973"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}