Tag - forex

 
 

FOREX

Electronic monitors show stock prices rising in Tokyo on Monday.
BUSINESS / Markets
Oct 28, 2024
Yen takes a hit and Tokyo stocks jump as dovish opposition gains seats
Analysts said that the pace of interest rate increases could be slowed if opposition parties get more say in policymaking.
The yen has resumed its declines recently against the dollar on expectations that the U.S.-Japan interest rate divergence will remain wide, posing a headache for authorities who fret of the hit to households from rising import costs from a weak yen.
BUSINESS / Economy
Oct 26, 2024
IMF sees weak yen as beneficial for Japan's economy
The IMF's Japan mission chief also urged Japan to raise rates at a gradual pace and compile supplementary budgets only when a big shock hits the economy.
Bank of Japan Gov. Kazuo Ueda can point to Washington all he wants, but his inability to settle on a consistent message is part of what ails his nation's currency.
COMMENTARY / Japan
Oct 18, 2024
The yen pays the price for a timid Bank of Japan
Ueda can point to Washington all he wants, but his inability to settle on a consistent message is part of what ails his nation's currency.
The prospect of the yen's further depreciation is prompting strategists to warn of increased intervention risk near the ¥150 level, or the 200-day moving average of ¥151.25.
BUSINESS / Economy
Oct 15, 2024
Intervention back on investors’ radars as yen weakens against dollar
The yen had its worst loss against the dollar since 2009 in the five days through Oct. 4.
Speculative investors flipped to a net long position on the yen just before Prime Minister Shigeru Ishiba said the nation wasn’t ready for further interest rate hikes, data shows.
BUSINESS / Markets
Oct 8, 2024
Hedge funds warming to yen caught out by biggest drop in 15 years
Many bought the yen just before cautious comments by Prime Minister Shigeru Ishiba on rate hikes and strong U.S. nonfarm payrolls data.
Finance Minister Katsunobu Kato attends an interview with media outlets at the Finance Ministry on Monday.
BUSINESS / Economy
Oct 7, 2024
Japan's new finance minister vows to finish the job as deflation czar
Katsunobu Kato's message indicates that financial conditions might remain accommodative for some time.
Three-month basis swaps for dollar-yen dropped to negative 53.5 basis points on Thursday, a level not seen since November 2023.
BUSINESS
Oct 5, 2024
Boom in samurai bond issuance drives up yen swap costs
Three-month basis swaps for dollar-yen dropped to negative 53.5 basis points on Thursday, a level not seen since November 2023.
The Bank of Japan headquarters in Tokyo. Worries about the implications of further BOJ tightening against a global backdrop of easing were again on display this week, with new Prime Minister Shigeru Ishiba saying Japan wasn’t ready for more rate hikes yet.
BUSINESS / Markets
Oct 5, 2024
Stepped-up global easing risks making it harder for BOJ to hike
Worries about the implications of further BOJ tightening against a global backdrop of easing were again on display this week.
Prime Minister Shigeru Ishiba meets with Bank of Japan Gov. Kazuo Ueda at the Prime Minister's Office on Wednesday.
BUSINESS
Oct 3, 2024
Further BOJ rate hike this year in doubt after Ishiba's surprise warning
A survey last month showed 53% of economists forecast the BOJ would push up interest rates in December, but that outlook is now in question.
Traders borrow in currencies where rates are low and put that money to work in economies where rates are high, pocketing the difference.
BUSINESS / Markets / FOCUS
Oct 2, 2024
Massive carry trade still lurks in the shadows and looms over markets
Trillions might remain, slightly different, less obvious and all but forgotten by a market eager to move on.
New Liberal Democratic Party leader Shigeru Ishiba (right), economic security minister Sanae Takaichi (left) and Prime Minister Fumio Kishida celebrate after Ishiba won the LDP leadership race on Friday in Tokyo.
BUSINESS / Markets
Sep 27, 2024
Yen rallies as Ishiba beats Takaichi in LDP race
Ishiba has shown support for the BOJ’s rate policies and the independence of the central bank.
The Bank of Japan is holding its policy board meeting this week.
BUSINESS / Economy
Sep 17, 2024
Japan set to hold rates steady as yen rallies and LDP candidates stump
A rate hike by the Bank of Japan right after an expected cut by the Federal Reserve would cause more turbulence, UBS Securities' chief Japan economist says.
The yen has gained more than 4% this month versus the dollar amid expectations the U.S. Federal Reserve will start cutting interest rates this week.
BUSINESS / Markets
Sep 17, 2024
Hedge funds start to split on long-yen trades before Fed and BOJ meets
Some short-term funds locked in profits ahead of the monetary policy decisions this week, while others are looking to increase their long-yen positions.
Then yen strengthened on Monday beyond ¥140 per dollar ahead of a Federal Reserve policy meeting this week that is widely expected to see officials cut interest rates.
BUSINESS / Markets
Sep 16, 2024
Yen strengthens beyond ¥140 per dollar for first time since 2023
The currency appreciated as much as 0.6% versus the dollar to ¥139.96 on Monday, its strongest level since July last year.
Looming interest-rate cuts by the Federal Reserve and a new hawkishness on the part of the Bank of Japan can make a claim for the yens recent movements.
COMMENTARY / Japan
Sep 13, 2024
Epic yen rally is a lesson in the lost art of FX intervention
Japan's own proactive currency interventions have played a crucial role in the yen's recent recovery.
The U.S. dollar has fallen 5% from its 2024 highs, close to its lowest level in about a year against a basket of peers following a sharp drop last month.
BUSINESS / Markets
Sep 6, 2024
Market sentiment mixed on pace of dollar's weakening ahead of Fed rate cuts
The currency has declined rapidly against peers as anticipated interest rate cuts threaten to end the greenback's yearslong period of strength.
Ryobi Holdings has hired Kyosuke Suzuki, a former currency trader at Societe Generale, to set up an artificial intelligence-powered hedge fund specializing in forex.
BUSINESS / Companies
Sep 3, 2024
Bus group Ryobi sets up forex fund to survive population fall
The move follows its previous investments in real estate, supermarkets and other areas as it tries to secure funds to maintain its bus fleet and grow.
Concern about the yen strengthening might limit the Bank of Japan's room for maneuver.
BUSINESS / Economy
Sep 2, 2024
Yen calling the shots as BOJ mulls rate increase
Analysts are concerned that the BOJ is at risk of going too far with its rate hikes and that the currency is close to being too strong.
Used cars are sold at high prices at a dealership in Nagoya as a surge in export demand has reduced supply on the domestic market.
BUSINESS / Companies / Regional voices: Chubu
Sep 2, 2024
Japanese businesses grapple with exchange rate swings
For the used car sector, the weaker yen has resulted in buyers being forced to pay higher prices due to increased export demand.
An electric stock board displays the rate of the yen against the U.S. dollar at the Tokyo Stock Exchange in early August.
BUSINESS / Markets
Aug 31, 2024
Yen’s rapid advance pressures earnings once thought easy to beat
With stronger signals coming from the Bank of Japan and Federal Reserve, the yen has gained 3.5% against the dollar since the end of July.

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