Yen Becomes Hedge Fund Prey [3-Minute Brief]

[3-Min Brief 3-Second Summary]
① "Different Expectations on Inflation, Weaken Monetary Policy"
② MS "Global IT Crisis Devices Total 8.5 Million"
③ Spotlight on Sea Transmission Detour 'U-Shaped Tube'

MARKET INDEX

- U.S. New York Stock Exchange's three major indices closed higher across the board
- Tech stocks rally... 'Trump Trade' calms down
- This week's focus on Big Tech earnings and inflation indicators

Top3 NEWS

■ [Super Weak Yen] Have International Speculators Joined In? The Structural Background

- Increase in Japanese investors in U.S. stocks leads to yen weakness
- Hedge funds' increased yen short positions also influential
- Super weak yen boosts 'yen carry trade'

■ "If Expectations for Inflation Diverge Deeply, Monetary Policy Effectiveness Weakens"

- Bank of Korea publishes 'BOK Economic Research Report'
- Economic agents have differing perceptions of future inflation
- Larger gaps reduce the effectiveness of monetary policy

■ MS: "Global IT Outage Affected 8.5 Million Devices... About 1% of Total"

- Less than 1% of MS Windows operating systems affected
- However, economic and social ripple effects are huge
- Shows characteristics of a widely connected IT ecosystem

Graphic News: Power Transmission Blocked in East Sea and Seoul Metropolitan Area... Spotlight on Sea Detour 'U-shaped Tube Plan'

- Attention on 'U-shaped tube plan' transporting East Sea generated power via underwater cables
- Using long submarine cables to route power from South Sea → West Sea to the Seoul metropolitan area
- "Discussing concretization of U-shaped tube plan with private developers"

Law That Pays

■ Capital Markets Act Leniency Program Fully Utilized

- Full implementation of leniency program since January this year
- Penalty reductions for voluntary reporting of violations
- Increasing use of leniency in investigations and trials
☞Read article: https://www.asiae.co.kr/article/2024072214151071816

■ Courts Responding to 'Changed Families'

- New family forms emerging with social changes
- Current family law fails to reflect changed social realities
- Research on family systems and related laws may begin
☞Read article: https://www.asiae.co.kr/article/2024072214163881556

■ Copyright Dispute in the U.S. Over 'Dan-jang's Mia-ri Pass'?Where Is Jurisdiction?

- Late Lee Jae-ho's copyright lawsuit over 'Dan-jang's Mia-ri Pass'
- "Posting 'cover song' videos on YouTube violates copyright"
- Jurisdiction dispute centers on state residency
☞Read article: https://www.asiae.co.kr/article/lawtimes/2024072214181799340

※ 'Law That Pays' is a content partnership corner between Asia Economy and Law Times, published every Tuesday and Thursday.

Today's Key Schedule

○ Domestic
- 06:00 Producer Price Index for June
- 23rd P&AS Mechanics subscription, public offering price 22,000 KRW

○ Overseas
- 14:00 Singapore Core Consumer Price Index for June
- 15:00 Indian Federal Government Budget
- 21:00 Canada New Housing Price Index for June
- 23:00 U.S. Existing Home Sales for June
- 23:00 Eurozone Consumer Confidence Index for July

&◇Lunch & Commute Weather

○ Lowest temperature 25℃(▲1℃) ｜ Highest temperature: 27℃(▼3℃)
○ Precipitation probability: Morning 60%｜Afternoon 90%
○ Fine dust: Morning Good｜Afternoon Good

OK in 3 minutes, essential time-efficient economic news. Published daily at 8 AM.