Stablecoins Will Re-Enter Japan? FSA Works on Regulations
Japan intends to allow local investors to trade foreign stablecoins, such as USD Coin (USDC) or Tether (USDT), by the end of the second quarter of 2023 at the latest, The Financial Services Agency (FSA) reported. However, the FSA is unlikely to allow all foreign stablecoins, and the final list is still unknown. A spokesperson […]
USD/JPY drops back towards 130.00 to snap two-day rebound amid softer yields, mixed Japan PMI
USD/JPY takes offers to refresh intraday low, prints the first daily loss in three. Japan’s Jibun Bank Manufacturing PMI stays intact, Services PMI improved in January. Chatters over easing Covid-led restrictions on Japan, mixed sentiment exert downside pressure on Yen pair. US PMIs, risk catalysts are the key ahead of US Q4 GDP. USD/JPY slides […]
Country’s finances are becoming increasingly precarious
Japan’s Finance Minister Shunichi Suzuki warned about the country’s finances during his appearance on Monday. Key quotes “Japan’s public finances have increased in severity to an unprecedented degree as we have compiled supplementary budgets to respond to the coronavirus and similar issues,” “The government will strive to stably manage Japanese government bond (JGBs) issuance through […]
Bank of Japan – Minutes of the Monetary policy Meeting on December 19 and 20, 2022
The decision to expand the tolerance for the 10-year JGB yield Yield A yield represents the earnings generated by an investment or security over a certain time period. Yields are typically displayed in percentage terms and are in the form of interest or dividends received from it.These figures do not include the price variations, which […]
Economic calendar in Asia – Bank of Japan December meeting minutes
The December Bank of Japan policy meeting was a doozy. The Bank widened its YCC tolerance band after weeks and months of saying they’d do nothing of the sort. Link to the statement, impact, and reverberations through markets that day: We’ll learn more from the publishing of the minutes of that meeting. These are due […]
OANDA Japan Stops fxTrade Desktop Download, Changes USD/JPY Margin Rate
OANDA Securities, the Japanese subsidiary of longstanding online forex and CFD brokerage company, OANDA Corporation, stopped new downloads of the desktop version of its fxTrade trading platform Trading Platform In the FX space, a currency trading platform is a software provided by brokers to their respective client base, garnering access as traders in the broader […]
Japanese Yen Dips as JGBs Retreat from Bank of Japan Cap. Where to for USD/JPY?
Japanese Yen, USD/JPY, US Dollar, BoJ, China, Fed, FOMC – Talking Points The Japanese Yen appears to have mixed messages for now Chinese New Year on the re-opening could provide stimulus The Fed are maintaining their message. Where will that send USDJPY? Recommended by Daniel McCarthy Get Your Free JPY Forecast The Japanese Yen slipped […]
Japan December Exports +11.5% y/y (expected +10.1%) Imports +20.6% (expected +22.4%)
Trade data from Japan for December 2022. Trade balance Y -1.44bn expected Y-1.65bn, prior Y-2.03bn for the year as a whole, the trade deficit is the highest ever at 19.97tln yen Exports +11.5% y/y expected +10.1%, prior +20.0% this is the 22nd consecutive monthly gain Imports +20.6% y/y more to come Exports to: the US […]
Dow Jones Dragged Down by Goldman Sachs, Nikkei 225 at Risk to Bank of Japan
Dow Jones, Goldman Sachs, Nikkei 225, Bank of Japan – Asia Pacific Market Open Dow Jones 100 underperforms the S&P 500 and Nasdaq 100 Disappointing Goldman Sachs earnings sink financial stocks Nikkei 225 vulnerable with traders awaiting the Bank of Japan Recommended by Daniel Dubrovsky Get Your Free Equities Forecast Asia-Pacific Market Briefing – Goldman […]
USD/JPY above 131.20 after the earlier no change Bank of Japan statement
<p>The Bank of Japan left policy untouched:</p><p><a href="https://www.forexlive.com/centralbank/boj-announces-no-change-to-jgb-yield-band-20230118/" target="_blank" rel="follow" data-article-link="true">BOJ announces no change to JGB yield band</a></p><p>The yen response was instant:</p><p><a href="https://www.forexlive.com/centralbank/usdjpy-and-yen-crosses-have-soared-after-the-boj-leaves-policy-untouched-20230118/" target="_blank" rel="follow" data-article-link="true">USD/JPY (and yen crosses) have soared after the BOJ leaves policy untouched</a></p><p>And the slamming continues:</p><p>Government bond yields across the globe have dipped on the announcement. </p> This article was written […]