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.

Equity Derivatives

<ul><li>BUY APR25 37500/36500 PS 1X2 for a 36,500 Apr25 SQ.     </li><li>Uncertainty around USDJPY and tariffs are capping the Nikkei 225 and USDJPY</li><li>Take advantage of rich implied volatility current realized volatility</li></ul>

BUY APR25 37500/36500 PS 1X2 for a 36,500 Apr25 SQ.     Uncertainty around USDJPY and tariffs are capping the Nikkei 225 and USDJPYTake advantage of rich implied volatility current realized volatility

Nikkei 225: Trading Ideas for APR25 Expiry

External broker reports(aggregated public sources), Mizuho

Mizuho

External broker reports(aggregated public sources)

Mizuho Bank is a leading global bank with one of the largest customer bases in Japan, and an extensive international network covering financial and business centers around the world. 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>USD/JPY continued to rise in November</li><li>Reflationary expectations are strengthening under the Takaichi administration, thanks also to the unrestrained rhetoric of those around the prime minister</li><li>Unless there is a clear shift in the government and ruling party’s fiscal and monetary policies, market participants have little reason to stop selling JPY and JPY­ denominated bonds</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.

USD/JPY continued to rise in NovemberReflationary expectations are strengthening under the Takaichi administration, thanks also to the unrestrained rhetoric of those around the prime ministerUnless there is a clear shift in the government and ruling party’s fiscal and monetary policies, market participants have little reason to stop selling JPY and JPY­ denominated bondsContent 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.

<ul><li>In Japanese monetary policy, the Bank of Japan (BOJ) kept policy rate fixed when it met in October.</li><li>In his press conference, BOJ governor Kazuo Ueda voiced more conviction that the BOJ would hit its price stability target, though he said the BOJ would need to monitor next spring’s wage negotiations and other factors to gain a clearer picture of wage trends, with the governor continuing to adopt a cautious stance when it came to the timing of rate hikes.</li><li>The next meeting in December is some way off and investors are unlikely to start pricing in rates hikes in November, so Japanese monetary policy will support yen selling this month. </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.

In Japanese monetary policy, the Bank of Japan (BOJ) kept policy rate fixed when it met in October.In his press conference, BOJ governor Kazuo Ueda voiced more conviction that the BOJ would hit its price stability target, though he said the BOJ would need to monitor next spring’s wage negotiations and other factors to gain a clearer picture of wage trends, with the governor continuing to adopt a cautious stance when it came to the timing of rate hikes.The next meeting in December is some way off and investors are unlikely to start pricing in rates hikes in November, so Japanese monetary policy will support yen selling this month. 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.

<ul><li>USD/JPY continued to rise in October, driven solely by the inauguration of the Sanae Takaichi administration and the resulting rise in reflation expectations.</li><li>At the time of writing this report, no definite information regarding the Takaichi administration’s economic policies has been released, making it possible that market movements are expectations-driven.</li><li>However, it is undeniable that downward pressure on JPY remains strong. </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.

USD/JPY continued to rise in October, driven solely by the inauguration of the Sanae Takaichi administration and the resulting rise in reflation expectations.At the time of writing this report, no definite information regarding the Takaichi administration’s economic policies has been released, making it possible that market movements are expectations-driven.However, it is undeniable that downward pressure on JPY remains strong. 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.

Macroeconomics

<ul><li>Japanese Equities flat vs. World +1.73% and US +2.98%, Japan +5.56%, Europe +1.56%</li><li>Japan Sectors: Nonferrous Metals +8.26%, Electric Appliances +5.97%, Machinery +5.37% while Mining -5.23% and Real Estate -1.11%</li><li>JPY 5Y Rates up 1bp, ITRAXX Japan 5Y down 1.73 at 61.45</li></ul>

Japanese Equities flat vs. World +1.73% and US +2.98%, Japan +5.56%, Europe +1.56%Japan Sectors: Nonferrous Metals +8.26%, Electric Appliances +5.97%, Machinery +5.37% while Mining -5.23% and Real Estate -1.11%JPY 5Y Rates up 1bp, ITRAXX Japan 5Y down 1.73 at 61.45

Weekly Macroeconomic Report (2025, July 1st)

Japan

The Japanese yen is the official currency of Japan. 

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JPY (USDJPY CURNCY)

Nikkei 225: Trading Ideas for APR25 Expiry

BUY APR25 37500/36500 PS 1X2 for a 36,500 Apr25 SQ. Uncertainty around USDJPY and tariffs are capping the Nikkei 225 and USDJPY Take advantage of...

Vantage Capital Markets Japan

Forex Medium-Term Outlook(Dec, 2025)

Reflationary expectations are strengthening under the Takaichi administration, thanks also to the unrestrained rhetoric of those around the prime...

Mizuho

Mizuho Dealer's Eye (Nov, 2025)

The next meeting in December is some way off and investors are unlikely to start pricing in rates hikes in November, so Japanese monetary policy...

Mizuho

Forex Medium-Term Outlook(Nov, 2025)

USD/JPY continued to rise in October, driven solely by the inauguration of the Sanae Takaichi administration and the resulting rise in reflation...

Mizuho

Weekly Macroeconomic Report (2025, July 1st)

Japanese Equities flat vs. World +1.73% and US +2.98%, Japan +5.56%, Europe +1.56%. Japan Sectors: Nonferrous Metals +8.26%, Electric Appliances...

Vantage Capital Markets Japan

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