Yen Weakness Risks Heighten as Japan Issues Intervention Warning
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 1h ago
0mins
Source: Newsfilter
- Yen Weakness Risk: Japan's Finance Minister indicated that the government will maintain flexibility in intervening against yen depreciation, with the yen rising 0.3% to 156.57 per dollar in early trading, reflecting market concerns over intervention.
- Interest Rate Policy Response: Despite the Bank of Japan's rate hike last Friday, market confidence in future hikes remains low, causing the yen to hover near record lows against the euro and Swiss franc, indicating investor worries about economic prospects.
- Economic Data Outlook: The U.S. third-quarter GDP is expected to show an annualized growth of 3.3%, a slight pullback from the previous quarter, yet still demonstrating strong economic resilience, which could influence global market sentiment.
- Market Sentiment Shift: As Christmas approaches, investors are increasing their risk appetite for equities and commodities, with gold and silver prices hitting all-time highs amid rising geopolitical tensions, indicating heightened safe-haven demand.
NVDA
$183.69+Infinity%1D
Analyst Views on NVDA
Wall Street analysts forecast NVDA stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for NVDA is 255.63 USD with a low forecast of 185.00 USD and a high forecast of 352.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
40 Analyst Rating
38 Buy
1 Hold
1 Sell
Strong Buy
Current: 180.990
Low
185.00
Averages
255.63
High
352.00
Current: 180.990
Low
185.00
Averages
255.63
High
352.00
About NVDA
NVIDIA Corporation is a full-stack computing infrastructure company. The Company is engaged in accelerated computing to help solve the challenging computational problems. The Company’s segments include Compute & Networking and Graphics. The Compute & Networking segment includes its Data Center accelerated computing platforms and artificial intelligence (AI) solutions and software; networking; automotive platforms and autonomous and electric vehicle solutions; Jetson for robotics and other embedded platforms, and DGX Cloud computing services. The Graphics segment includes GeForce GPUs for gaming and PCs, the GeForce NOW game streaming service and related infrastructure, and solutions for gaming platforms; Quadro/NVIDIA RTX GPUs for enterprise workstation graphics; virtual GPU software for cloud-based visual and virtual computing; automotive platforms for infotainment systems, and Omniverse Enterprise software for building and operating industrial AI and digital twin applications.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
