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Japan's yen defense runs into the gravity of global rates
business20 days ago

Japan's yen defense runs into the gravity of global rates

Japan reportedly intervened in the yen during Golden Week after it slipped past 160 per dollar, with a second suspected move in early May; the yen jumped briefly but subsequently weakened again. Analysts say such interventions offer only temporary relief against a sustained pull from a wide interest-rate gap with the U.S. and rising import costs, and IMF notes that Japan can only use a few more interventions before affecting its free-floating status; the BOJ faces a policy dilemma between raising rates to defend the yen and supporting growth.

via CNBC|
#boj#business#currency-intervention
Asia markets dip as oil holds above $100 amid U.S.-Iran tensions
business22 days ago

Asia markets dip as oil holds above $100 amid U.S.-Iran tensions

Asian shares fell while oil stayed well above $100 a barrel as renewed U.S.-Iran hostilities and stalled truce talks over the Strait of Hormuz kept energy markets volatile; Brent traded around $113.85 and WTI about $105, with investors eyeing upcoming earnings from AMD and Pfizer, U.S. payroll data and Fed policy cues, and watching the yen for potential intervention.

via CNBC|
#business#earnings#geopolitics
Yen rockets on reports of official intervention to shore up currency
business27 days ago

Yen rockets on reports of official intervention to shore up currency

Japan’s yen jumped as much as 3% after reports that authorities carried out official intervention on April 30 to shore up the currency—the first such move since 2024; the Nikkei cited a government source saying officials bought yen and sold dollars with the BoJ, while Finance Minister Katayama signaled decisive action was near and currency diplomat Mimura warned moves were increasing. The dollar weakened to about 156.7 yen, the biggest one-day drop since December 2022, with the MOF saying action could come on all fronts.

via CNBC|
#business#dollar#forex
Japan signals readiness to rescue the yen as intervention risk rises
business1 month ago

Japan signals readiness to rescue the yen as intervention risk rises

The yen firmed modestly after a senior Japanese finance official warned decisive government action may be required, a message traders interpreted as a prelude to intervention. The currency traded around ¥159.8 per dollar after briefly approaching ¥160, with BoJ Governor Ueda saying currency moves are being monitored for their impact on forecasts. The episode comes amid ongoing speculation about potential government action, including talks of intervention in crude-oil markets to shield households from higher energy costs.

via Financial Times|
#bank-of-japan#business#central-banks
Weak Yen Spurs BoJ March Rate Move, Says Former Policymaker
economy3 months ago

Weak Yen Spurs BoJ March Rate Move, Says Former Policymaker

Former BOJ board member Makoto Sakurai says the central bank could raise rates as soon as March if the yen slides, with a potential 25 basis-point hike and possibly another in 2026–27 to push the policy rate toward 1.75%. He warns faster tightening could strain banks, though inflation remains above target and wage growth could justify action. Economists expect about 1% by end-June, and the next policy meetings are March 18–19 and April 27–28.

via Reuters|
#boj#economy#inflation
USD/JPY Faces Double-Bottom Risk Near 152 Amid Election-Driven Moves
business3 months ago

USD/JPY Faces Double-Bottom Risk Near 152 Amid Election-Driven Moves

USD/JPY slid from around 159 to 152 after Japan’s election, fueling talk of a potential double-bottom near 152. A break below 152 could spark further downside, while 160 remains a key resistance with potential MOF intervention or jawboning. The weekly chart shows consolidation ahead of a possible test of 160, so traders should wait for a decisive breakout rather than chase moves.

via investingLive|
#business#election#forex
Japan's Takaichi Faces Growth Test Amid Debt and Demographics
business3 months ago

Japan's Takaichi Faces Growth Test Amid Debt and Demographics

Sanae Takaichi’s landslide win gives her a strong House majority to push faster growth through more spending and tax cuts, but funding the plan risks higher debt and inflation as the Bank of Japan cools ultra-low rates. Markets reacted positively to the win, with stocks rising and the yen strengthening, yet analysts warn the path is delicate: Japan’s aging, shrinking workforce and constrained immigration complicate growth, so the government is likely to lean on automation and greater participation by women and older workers while balancing ties with the US and China to protect supply chains and energy costs.

via BBC|
#aging-population#business#immigration
Takaichi’s LDP Victory Sparks Yen Rally and Dow Breakthrough Above 50,000
markets3 months ago

Takaichi’s LDP Victory Sparks Yen Rally and Dow Breakthrough Above 50,000

Japan’s Sanae Takaichi-led LDP won a sweeping supermajority, giving her latitude to push defense spending and tax policy; the yen firmed to about 156.9 per dollar and Tokyo stocks hit records. In U.S. markets, futures were higher and the Dow closed above 50,000 for the first time, with the S&P 500 and Nasdaq rising as tech stocks rebounded after a week of big losses totaling more than $1 trillion in market value. Other notes include a U.S.–India trade framework with agricultural access friction, Trump’s removal of a 25% tariff on Indian oil from Russia, Luckin Coffee opening its first high-end Shenzhen store, and SpaceX/xAI shaping Elon Musk’s path to a potential trillionaire fortune.

via CNBC|
#dow-50000#japan-election#market-rally
Bessent: US sticks to strong-dollar policy, no yen intervention planned
world3 months ago

Bessent: US sticks to strong-dollar policy, no yen intervention planned

Scott Bessent said the Trump administration remains committed to a strong-dollar policy and is not intervening in dollar–yen markets, fueling a dollar rally as traders reassessed intervention risk; he argued that sound fundamentals and policy will attract capital and strengthen the dollar over time, while speculation of official FX action has been denied.

via Financial Times|
#foreign-exchange#scott-bessent#us-dollar
Fed Nudge Signals Narrow Path to Yen Rescue, but Joint Action Still Murky
business4 months ago

Fed Nudge Signals Narrow Path to Yen Rescue, but Joint Action Still Murky

The New York Fed’s rate check aimed at stabilizing the yen signals closer U.S.-Japan coordination but a direct, joint intervention remains unlikely for now due to U.S. domestic considerations and the potential costs of Japan selling Treasuries; even as intervention thresholds ease, the BOJ’s cautious stance and political hurdles keep a lasting yen-rescue option uncertain, leaving markets watching for further signals.

via Reuters|
#boj#business#currency-intervention