Key Takeaways: 💱 Japan’s new currency diplomat, Atsushi Mimura, keeps intervention as an option to stabilize the yen 📊 Excessive volatility or disorderly movements in the exchange rate can impact economic and financial stability 🌏 Measures including interventions are allowed when necessary, as per international agreements 📈 Mimura aims to improve Japan’s growth potential and … Read more
Key Takeaways: 💹 Yen gained on reports of possible BOJ interest rate hike to 0.25% 📈 Dollar was last down 0.51% against the yen at 153.23 💰 Yen weakened as investors closed positions ahead of interest rate decision 🗓️ Federal Reserve expected to hold rates steady, potential rate reductions in the future 🌍 Euro fell … Read more
Key Takeaways 💸 Japan will retain intervention as an option to stabilize the yen exchange rate 📈 Communication with markets will be important, but may vary in style to avoid unnecessary speculation 🌍 Collaboration between Ministry of Finance, Bank of Japan, and Financial Services Agency is crucial for macroeconomic policy 💼 Mimura has expertise in … Read more
Key Takeaways 💴 Yen weakened before BOJ rate decision 🇺🇸 Dollar gained before Fed meeting 🔒 Uncertainty about BOJ rate hike 📈 Market expecting rate cuts from the Fed 🇪🇺 Euro down on mixed Eurozone economic data 🏴 Sterling weakened before Bank of England meeting 💰 Bitcoin price fell 💰 BOJ to detail plans to … Read more
Key Takeaways: 💴 The Japanese yen weakened as traders had doubts about Bank of Japan hiking rates 🇺🇸 The US dollar was stronger against the yen and euro 📈 Markets anticipated a rate increase by the Bank of Japan, with a 50% chance of a 10 bps hike 🏦 Bank of Japan expected to announce … Read more
Key Takeaways: 💸 Global hedge funds retreated from short yen positions during the currency’s rise 📉 Hedge funds covered nearly all short yen positions built up in the last year 🏦 Suspected intervention by Japanese authorities drove yen to around 153 per dollar 🔄 Reversal in yen’s trend disrupted popular carry trades 📉 Yen volatility … Read more
Key Takeaways 💼 Recent political developments and increased odds in favor of Donald Trump have led the market to factor in the upcoming US Presidential election sooner than expected 📉 Any Fed-induced USD weakness is predicted to be brief and shallow, particularly affecting rate-sensitive pairs like USDJPY 🇨🇳 Currencies and economies vulnerable to a potential … Read more
Key Takeaways: 💰 Yen weakened amidst last minute doubts about BOJ rate hike 🇺🇸 Dollar saw a 0.6% increase versus yen 🏦 BOJ’s policy meeting underway with anticipation of rate increase 📈 Markets pricing in slightly more than 50% chance of 10 bps hike 🤔 Economists and BOJ watchers uncertain about rate hike likelihood 🔒 … Read more
Key Takeaways: 💵 Dollar and yen trading within tight ranges ahead of BOJ and Fed meetings 📉 Japanese yen strengthened recently due to stock rout and bets of BOJ rate hike 📈 Markets pricing in 63% chance of 10 bps rate hike by BOJ 🏦 BOJ may announce quantitative tightening plans, uncertain about rate increase … Read more
Key Takeaways: 💱 Most Asian currencies stuck to a tight range amid caution before economic signals 📉 Broader Asian currencies on backfoot due to concerns over slowing Chinese economic growth and US presidential race 🇯🇵 Japanese yen steadying ahead of BOJ meeting 💹 BOJ expected to offer hawkish signals with a potential rate hike and … Read more