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>The aggregate USD position widened $2.6bn in the week ended June 17, reaching $18.5bn and a level that marginally exceeded last year’s wides.</li><li>The June 17 position date incorporated the latest BoJ policy decision and the most recent US CPI report.</li><li>The largest w/w swing was observed for the CAD, with notable improvements in EUR and NZD as well. </li></ul>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.

The aggregate USD position widened $2.6bn in the week ended June 17, reaching $18.5bn and a level that marginally exceeded last year’s wides.The June 17 position date incorporated the latest BoJ policy decision and the most recent US CPI report.The largest w/w swing was observed for the CAD, with notable improvements in EUR and NZD as well. 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.

Bearish CAD Position Narrows As Aggregate USD Short Builds

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>Japanese Equities flat vs. World +1.50% and US +0.98% while Korea +5.08% (+21.39% in 1 month).</li><li>Japan Sectors: Mining Index -6.56%, Oil &amp; Coal -4.57% and Transportation -3.07%</li><li>JPY 5Y Rates down 1bp, ITRAXX Japan 5Y down 1.93 at 62.81</li></ul>

Japanese Equities flat vs. World +1.50% and US +0.98% while Korea +5.08% (+21.39% in 1 month).Japan Sectors: Mining Index -6.56%, Oil &amp; Coal -4.57% and Transportation -3.07%JPY 5Y Rates down 1bp, ITRAXX Japan 5Y down 1.93 at 62.81

Weekly Macroeconomic Report (2025, June 25th)

<ul><li>The aggregate bearish USD position widened a meaningful $3.7bn w/w to $15.9bn, pushing back toward the extended bearish levels observed in late April and early May.</li><li>The renewed deterioration in USD sentiment reflected market participants’ positioning in the aftermath of the payrolls disappointment but did not capture the CPI disappointment released after the June 10 reporting date.</li><li>The w/w deterioration was driven by positive adjustments to the EUR, GBP, and CAD positions, along with a modestly positive adjustment for CHF as well.</li></ul>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.

The aggregate bearish USD position widened a meaningful $3.7bn w/w to $15.9bn, pushing back toward the extended bearish levels observed in late April and early May.The renewed deterioration in USD sentiment reflected market participants’ positioning in the aftermath of the payrolls disappointment but did not capture the CPI disappointment released after the June 10 reporting date.The w/w deterioration was driven by positive adjustments to the EUR, GBP, and CAD positions, along with a modestly positive adjustment for CHF as well.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.

CFTC Weekly Sentiment Report - EUR Overtakes JPY as Largest Held Net Long; CAD Short Narrows

<ul>
<li>Global equities slightly lower last week: World -0.47%, Japan +0.21%, Europe -2.57% and S&amp;P 500 -0.39%, Korea +1.17%</li>
<li>Japan Sectors Performers: Mining +8.08%, Marine Transportation +4.04%, Oil &amp; Coal Products +4.09% vs. Ai Transportation -4.90%, Insurance -3.73% and Non-Ferrous Metals -2.69%</li>
<li>JPY 5Y Rates were stable down 3bps, ITRAXX Japan 5Y softening up 3.71 at 64.71</li>
</ul>


Global equities slightly lower last week: World -0.47%, Japan +0.21%, Europe -2.57% and S&amp;P 500 -0.39%, Korea +1.17%
Japan Sectors Performers: Mining +8.08%, Marine Transportation +4.04%, Oil &amp; Coal Products +4.09% vs. Ai Transportation -4.90%, Insurance -3.73% and Non-Ferrous Metals -2.69%
JPY 5Y Rates were stable down 3bps, ITRAXX Japan 5Y softening up 3.71 at 64.71


Weekly Macroeconomic Report (June 16th, 2025)

<ul><li>Global equities slightly higher last week: Japan +1.50%, World +0.79%, Europe +0.74% and S&amp;P 500 +1.15%, Korea +7.63%</li><li>Japan Sectors Performers: Precision Instrument +2.30%, Electric Appliances +2.04%, Metal Products +1.95% while Insurance -4.0% and Marine Transportation - 3.94%</li><li>JPY 5Y Rates were stable, ITRAXX Japan 5Y softening 1.5 to 60.74</li></ul>

Global equities slightly higher last week: Japan +1.50%, World +0.79%, Europe +0.74% and S&amp;P 500 +1.15%, Korea +7.63%Japan Sectors Performers: Precision Instrument +2.30%, Electric Appliances +2.04%, Metal Products +1.95% while Insurance -4.0% and Marine Transportation - 3.94%JPY 5Y Rates were stable, ITRAXX Japan 5Y softening 1.5 to 60.74

Weekly Macroeconomic Report (June 11th, 2025)

Japan

The Japanese yen is the official currency of Japan. 

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JPY (USDJPY CURNCY)

Bearish CAD Position Narrows As Aggregate USD Short Builds

The aggregate USD position widened $2.6bn in the week ended June 17, reaching $18.5bn and a level that marginally exceeded last year’s wides.

Scotiabank

Weekly Macroeconomic Report (2025, June 25th)

Japanese Equities flat vs. World +1.50% and US +0.98% while Korea +5.08% (+21.39% in 1 month). Japan Sectors: Mining Index -6.56%, Oil & Coal...

Vantage Capital Markets Japan

CFTC Weekly Sentiment Report - EUR Overtakes JPY as Largest Held Net Long; CAD Short Narrows

The aggregate bearish USD position widened a meaningful $3.7bn w/w to $15.9bn, pushing back toward the extended bearish levels observed in late...

Scotiabank

Weekly Macroeconomic Report (June 16th, 2025)

Global equities slightly lower last week: World -0.47%, Japan +0.21%, Europe -2.57% and S&P 500 -0.39%, Korea +1.17%. Japan Sectors Performers:...

Vantage Capital Markets Japan

Weekly Macroeconomic Report (June 11th, 2025)

Global equities slightly higher last week: Japan +1.50%, World +0.79%, Europe +0.74% and S&P 500 +1.15%, Korea +7.63% Japan Sectors...

Vantage Capital Markets Japan

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