Japanese Yen Crushed as Bank of Japan Disappoints, Policy Settings Left Unchanged
Leveraged trading in foreign currency or off-exchange products on margin carries significant risk and may not be suitable for all investors. We advise you to carefully consider whether trading is appropriate for you based on your personal circumstances. Forex trading involves risk. Losses can exceed deposits. We recommend that you seek independent advice and ensure […]
Japan Senior govt member on BOJ policy: Now not the time for making a major policy change
Bloomberg (gated) with the comments from “a senior ruling party lawmaker” in an interview on Friday. Hiroshige Seko, the Liberal Democratic Party’s upper house secretary general, a senior member of the political faction of former premier Shinzo Abe. It would be premature to start exiting stimulus when demand continues to lag behind supply in Japan’s […]
The yen is screaming about the risks around the Bank of Japan
I’m shocked at the lack of commentary around next week’s Bank of Japan meeting and how that’s reverberating through markets. The Bank of Japan decision is Wednesday (late Tuesday US time) and the FX market is screaming that risks around it are rising. There have been persistent reports of the BOJ boosting its inflation forecasts […]
HFM’s Outlook 2023: Japan and the Yen
Japan and the Yen – 2023 Outlook The Japanese Yen was the weakest currency in 2022 because of the Bank of Japan’s commitment to maintaining a loose monetary policy, effectively widening the Yield differentials with other major economies – particularly the US. The Federal Reserve on the other hand was the most hawkish among the […]
Japanese Yen Gains as Breaking Story Hints at Further Bank of Japan Policy Tweak
Japanese Yen, USD/JPY, Bank of Japan, US CPI – Asia Pacific Market Open Japanese Yen gains as breaking story hints at further BOJ policy tweak Follow-through may be difficult to achieve until after US CPI data passes USD/JPY falls, but key support zone remain, pausing the downtrend Recommended by Daniel Dubrovsky Get Your Free JPY […]
Chatter of another sales tax hike in Japan won’t go away
Japan’s Prime Minister Kishida wants to implement “unprecedented measures” to combat the country’s low birthrate. Says he’ll be unveilling a general framework by June The key policy measure will be a doubling the budget for children’s policies So far, so good. But …. Former LDP Secretary-General Akira Amari, a key ally of Kishida said that […]
Silvergate Capital, Walgreens, Amazon and more
People walk by a Walgreens, owned by the Walgreens Boots Alliance, Inc., in New York City, November 26, 2021.Andrew Kelly | ReutersCheck out the companies making headlines and moves in premarket trading.Walgreens Boots Alliance — The drugstore stock fell about 2% in premarket even after the company reported fiscal first quarter earnings that beat analyst […]
Japan PM Kishida urges faster wage hikes to avoid stagflation By Reuters
© Reuters. FILE PHOTO: Japan’s Prime Minister Fumio Kishida attends a press conference in Tokyo, Japan, on December 16, 2022, addressing some topics such as National Security Strategy, political and social issues facing Japan in today’s World crisis. David Mareuil/P By Yoshifumi Takemoto and Tetsushi Kajimoto TOKYO (Reuters) -Japanese Prime Minister Fumio Kishida called on […]