Equity Derivatives Broker - Delta One Japan, Vantage Capital Markets Japan

François-Xavier Pustoc'h

Equity Derivatives Broker - Delta One Japan

Independent Financial Broker

Vantage Capital Markets Japan

We provide world class financial solutions to our extensive institutional client base including rapidly growing corporations, leading investment banks, commercial banks, asset managers, private equity funds, family offices and hedge funds.

Our services include capital market offerings and placements, wholesale brokerage and execution of cash and derivative products (both listed and OTC) across a range of asset classes.

VCM has offices in London, Hong Kong, Tokyo and Dubai from where we service our global client base. Our strength lies in the experience and quality of our teams, supported by excellent operations and infrastructure.

Macroeconomics

<ul><li>Global equities trading off the lows with Japan Equities up 3.46% vs US +6.79%, China +2.68% and World +7.99%.</li><li>Japan Sectors: Nonferrous Metals +7.58%, Electric Appliances +5.72% and Rubber Products +5.19% while Banks only up 2.04%, Insurance -0.90%.</li><li>JPY 5Y Rates stable down 3bps, ITRAXX Japan 5Y moving back to 71.58 (-8.05).</li></ul>

Global equities trading off the lows with Japan Equities up 3.46% vs US +6.79%, China +2.68% and World +7.99%.Japan Sectors: Nonferrous Metals +7.58%, Electric Appliances +5.72% and Rubber Products +5.19% while Banks only up 2.04%, Insurance -0.90%.JPY 5Y Rates stable down 3bps, ITRAXX Japan 5Y moving back to 71.58 (-8.05).

Weekly Macroeconomic Report (Apr 15th, 2025)

External broker reports(aggregated public sources), Scotiabank

Scotiabank

External broker reports(aggregated public sources)

Scotiabank’s global foreign exchange strategy team provides in-depth regional insights and macro-economic analysis for G10 and advanced economies, Asia Pacific, and Latin America. Find technical and fundamental strategy reports focused on trade ideas, market risks, and the unfolding macro outlook. Content available is external broker reports authored by a third party outside the Smartkarma network and has been aggregated by an online aggregator through publicly available sources and is displayed by Smartkarma in this format for user's convenience and general informational purposes only. Content does not constitute investment or financial advice and Smartkarma makes no representation or warranty regarding its accuracy or contents. Original third party author retains all copyright and other proprietary rights in the content. Access or use of third party links not controlled by Smartkarma are at the user's own risk.

FX & Rates

<ul><li>Speculative sentiment towards the USD improved in the week through April 1, the first positive shift in Non-Commercial (speculative) accounts’ positioning in the USD in ten weeks.</li><li>Overall speculative positioning showed a near USD4bn swing in aggregate in favour of the USD over the most recent week’s data, likely reflecting investor caution around tariff news.</li><li>Additional data shows Real Money (institutional) traders were a little less negative on the USD overall as well, paring net USD shorts USD2bn or so to USD21.bn. </li></ul><p><em>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.</em></p>

Speculative sentiment towards the USD improved in the week through April 1, the first positive shift in Non-Commercial (speculative) accounts’ positioning in the USD in ten weeks.Overall speculative positioning showed a near USD4bn swing in aggregate in favour of the USD over the most recent week’s data, likely reflecting investor caution around tariff news.Additional data shows Real Money (institutional) traders were a little less negative on the USD overall as well, paring net USD shorts USD2bn or so to USD21.bn. Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

Weekly CFTC Sentiment Report - Speculative Traders Edge Back to the USD

<ul><li>Global equities selling off with Japanese equities down 10.33%, World -11.29% and US -11.54% this week. Chinese equities started to sell off now too with HSCE down 12.75%. The sell-off is now across asset class with Energy and Metals moving lower.</li><li>Japan Sectors: Nonferrous Metals -21.14, Banks -18.96%, Oil &amp; Coal -18.09%</li><li>JPY 5Y Rates down 31bps, ITRAXX Japan 5Y jumped 26.54 pts to 83.82</li></ul>

Global equities selling off with Japanese equities down 10.33%, World -11.29% and US -11.54% this week. Chinese equities started to sell off now too with HSCE down 12.75%. The sell-off is now across asset class with Energy and Metals moving lower.Japan Sectors: Nonferrous Metals -21.14, Banks -18.96%, Oil &amp; Coal -18.09%JPY 5Y Rates down 31bps, ITRAXX Japan 5Y jumped 26.54 pts to 83.82

Weekly Macroeconomic Report (Apr 9th, 2025)

Equity Derivatives

<ul><li>1M Implied volatility spiked 13.23 points to 35.6 as the Nikkei 225 index collapsed 9%.</li><li>High correlation to USDJPY is remaining elevated.</li><li>Nikkei 225 among the highest implied volatility globally with VIX.</li></ul>

1M Implied volatility spiked 13.23 points to 35.6 as the Nikkei 225 index collapsed 9%.High correlation to USDJPY is remaining elevated.Nikkei 225 among the highest implied volatility globally with VIX.

Nikkei Volatility Update (Mar 28th – Apr 4th)

<ul>
<li>Japanese Equities down 6.3% vs. World -1.61% and US -2.49%. Chinese Equities almost unchanged while Korea and Taiwan down around 4.5%.</li>
<li>Japan Sectors: Nonferrous Metal down 12.22%, Oil &amp; Coal -9.49%, Banks -7.93% </li>
<li>JPY 5Y Rates down 8bps, ITRAXX Japan 5Y going up 2.37pt at 57.37</li>
</ul>


Japanese Equities down 6.3% vs. World -1.61% and US -2.49%. Chinese Equities almost unchanged while Korea and Taiwan down around 4.5%.
Japan Sectors: Nonferrous Metal down 12.22%, Oil &amp; Coal -9.49%, Banks -7.93% 
JPY 5Y Rates down 8bps, ITRAXX Japan 5Y going up 2.37pt at 57.37


Weekly Macroeconomic Report (April 2nd , 2025)

Japan

The Japanese yen is the official currency of Japan. 

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JPY (USDJPY CURNCY)

Weekly Macroeconomic Report (Apr 15th, 2025)

Global equities trading off the lows with Japan Equities up 3.46% vs US +6.79%, China +2.68% and World +7.99%. Japan Sectors: Nonferrous Metals...

Vantage Capital Markets Japan

Weekly CFTC Sentiment Report - Speculative Traders Edge Back to the USD

Speculative sentiment towards the USD improved in the week through April 1, the first positive shift in Non-Commercial (speculative) accounts’...

Scotiabank

Weekly Macroeconomic Report (Apr 9th, 2025)

Global equities selling off with Japanese equities down 10.33%, World -11.29% and US -11.54% this week. Chinese equities started to sell off now...

Vantage Capital Markets Japan

Nikkei Volatility Update (Mar 28th – Apr 4th)

1M Implied volatility spiked 13.23 points to 35.6 as the Nikkei 225 index collapsed 9%. High correlation to USDJPY is remaining elevated.

Vantage Capital Markets Japan

Weekly Macroeconomic Report (April 2nd , 2025)

Japanese Equities down 6.3% vs. World -1.61% and US -2.49%. Chinese Equities almost unchanged while Korea and Taiwan down around 4.5%. Japan...

Vantage Capital Markets Japan

Price Gauge

52-week Range

Market Cap (USDm)

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