Key Takeaways: 💵 Dollar Index traded 0.3% lower ahead of Fed rate decision 🇺🇸 Fed expected to keep rates unchanged, but traders anticipate future rate cut 💷 GBP/USD trading lower ahead of Bank of England meeting, expectations for rate cut 🌍 Eurozone economy grew 0.3% in Q2, EUR/USD rose 🇯🇵 USD/JPY fell 1.4% after Bank … Read more
Key Takeaways 💹 Yen strengthened over 1% after BOJ rate hike 🇬🇧 British pound eyeing a monthly gain of 1.5% 💲 Despite the yen’s weakness, the Bank of Japan decided to raise interest rates to 0.25%. 📈 Yen’s depreciation was an important risk considered in the policy decision to raise interest rates. 🌎 Interest rates … Read more
Key Takeaways 💰 Yen showed volatility after BOJ raised interest rates and detailed tapering plan 📉 Aussie weakened as core inflation data reduced expectations for RBA rate hike 🌏 Geopolitical tensions and economic data from various countries impacting currency movements 📈 Markets awaiting US Federal Reserve decision on interest rates, with expectations of easing cycle … Read more
Key Takeaways 💹 Most Asian currencies rose ahead of more cues on interest rate cuts from the Federal Reserve 📉 Australian dollar slid to a three-month low after mild easing in core consumer price index inflation 📊 Japanese yen was volatile after mixed signals from the Bank of Japan 🔄 BOJ hiked benchmark short-term rate … Read more
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