Japan PM Kishida says BOJ December ‘tweak’ was to enhance, sustain monetary easing effects
Reuters headline on a remark from Japanese Prime Minister Kishida: Acknowledges BOJ’S December policy decision was an operational tweak to enhance, sustain monetary easing effects smoothly Huh. Given the way inflation is rising in Japan many in the markets saw it as a tiny first step towards the Bank of Japan dially back its ultra […]
USD/JPY slides below 130.00 as upbeat Tokyo CPI pleases BoJ hawks ahead of Fed’s preferred inflation
USD/JPY takes offers to refresh intraday low, fades bounce off weekly bottom. Firmer prints of Tokyo CPI for January renews hawkish concerns over BoJ and weigh on Yen prices. Mixed concerns surrounding Fed’s next move, hopes of BoJ’s hawkish turn also please USD/JPY bears. Fed’s preferred inflation gauge eyed for clear directions ahead of next […]
What you should know about the BoJ and the Japanese Yen
During the last few weeks, investors and traders have been focusing their attention on the Japanese Yen as well as the Japanese economy. The Bank of Japan surprised market analysts in December as it unexpectedly altered a part of its monetary policy. In this blog, we will explain why the Japanese Yen made the headlines […]
Caution triggers as global growth encounters a downward revision
Asian stocks are expected to remain cautionary as global growth has encountered a downward revision. Global markets are likely to remain on tenterhooks ahead of the US GDP release. Oil price has dropped below $80.50 as the US recession fears are still solid. Markets in the Asian domain are showing signs of caution amid the […]
Head of markets says BOJ could launch an exit strategy as soon as end-September 2023
The head of Mitsubishi UFJ Financial Group Inc.’s (MUFG) global markets business Hiroyuki Seki spoke in an interview “I think the Bank of Japan could launch an exit strategy as soon as the first half of the next fiscal year under the new leadership,” (Note that Japan’s new fiscal year begins in April. Bank of […]
Bond bears quietly plot their move against the BOJ again
<p style="" class="text-align-justify">Just when you thought the BOJ could afford some time to breathe a little easier, it looks like it may barely last over a week. Talk of the central bank perhaps <a href="https://www.forexlive.com/centralbank/ex-boj-official-says-bank-likely-to-begin-phasing-out-extraordinary-measures-by-sepoct-20230125/" target="_blank" rel="follow">looking to begin normalising policy</a> later this year and a lack of pushback on that from Kishida earlier <a […]
USD/JPY traces sluggish yields above 130.00 as Yen traders await BoJ Summary, US GDP and Fed
USD/JPY prints mild gains after reversing from weekly top the previous day. Yields remain sidelined as traders await more clarity on growth prospects, Fed moves. US PMIs were mixed but downbeat equities and higher prints of inflation data elsewhere allowed yields/USD to defend Yen buyers. Light calendar ahead of US GDP, FOMC restricts immediate moves. […]
Japan warns of dire finances as BOJ struggles to contain yields
Japan’s finances intensified severity to unprecedented pointRounds of extra budget, stimulus measures aggravate financesPublic finance is the cornerstone of a country’s trust – finminEconomic revival comes first before fiscal reform in long runParliament debate begins, all eyes on new BOJ governor nomineeTOKYO, Jan 23 (Reuters) – Japan’s finances are becoming increasingly precarious, Finance Minister Shunichi […]
USD/JPY recovers – BOJ loaning funds, 1 tln yen
USD/JPY has rallied on news from the Bank of Japan Financial Markets Department that said all offices offered to loan 1 trillion yen through an auction in an agreement starting on January 24 that’ll end on January 24 also. FX moves have been exacerbated by thin liquidity conditions in the region today with China, Singapore […]
Dollar ends up vs yen, as super easy BOJ policy seems here for a while By Reuters
© Reuters. FILE PHOTO: Woman holds U.S. dollar banknotes in this illustration taken May 30, 2022. REUTERS/Dado Ruvic/Illustration/File Photo By Alden Bentley and Gertrude Chavez-Dreyfuss NEW YORK (Reuters) – Profit taking dampened a dollar surge against the yen on Friday, but the buck ended higher and still logged the biggest weekly gain since early December, […]