Tag - forex

 
 

FOREX

While equity investors are optimistic about tax cuts and deregulation, concerns are emerging in the bond and currency markets, which are signaling fears of higher inflation due to Donald Trump’s economic proposals.
COMMENTARY / World
Nov 12, 2024
Trump’s market honeymoon won't last much longer
Stocks grab all the headlines, but bond and currency markets show where trouble might be brewing.
Japan spent ¥3.17 trillion on dollar-selling intervention on July 11 and ¥2.37 trillion on July 12, quarterly data from the Finance Ministry showed on Friday.
BUSINESS / Markets
Nov 8, 2024
Japan intervened twice last quarter to bring yen below ¥160
The Finance Ministry intervened on July 11 and 12, spending ¥3.17 trillion and ¥2.37 trillion respectively to prop up the yen.
Bundles of Chinese yuan banknotes at the Ninja Money Exchange, operated by Interbank HD, in the Shinjuku district of Tokyo on June 9, 2022.
BUSINESS / Markets
Nov 7, 2024
Trump’s resurgence sinks emerging markets as dollar soars
Currencies in Eastern Europe led losses, sending the emerging-market currency gauge to its worst day since February 2023.
Tokyo stocks rallied on Wednesday as ballots were counted in the U.S. presidential election.
BUSINESS / Markets
Nov 6, 2024
Tokyo stocks rally and yen falls as Trump nears election win
The 225-issue Nikkei stock average rose 2.61% on the day while the yen fell 1.6% against the dollar as it became increasingly apparent that Donald Trump would likely win.
A screen showing the yen's exchange rate against the U.S. dollar in July
BUSINESS / Economy
Nov 5, 2024
Yen is the first of many Japanese assets set to pivot on U.S. election
Given the size and liquidity of its markets, Japan will be in particular focus during the U.S. election.
A perfect storm of political uncertainty at home and abroad is brewing for markets in Japan.
BUSINESS / Markets
Nov 1, 2024
Investors in Japan place — and hedge — their bets ahead of U.S. election
Donald Trump's lead in U.S. battleground-state polls, coupled with the outcome of Sunday's Lower House election, is fueling bets on the dollar against the yen.
In the run-up to the Nov. 5 U.S. presidential election, the yen is again the top performer during periods of extreme market stress, analysts say.
BUSINESS / Markets
Oct 29, 2024
Embattled yen still popular haven amid U.S. election uncertainty
Japan’s record ¥3.02 trillion current-account surplus, deep yen liquidity and relatively low inflation help make the yen attractive as a store of value.
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.

Longform

Mount Fuji is considered one of Japan's most iconic symbols and is a major draw for tourists. It's still a mountain, though, and potential hikers need to properly prepare for any climb.
What it takes to save lives on Mount Fuji