Investing.com– Most Asian currencies moved little on Thursday amid persistent concerns over hawkish signals from the Federal Reserve, while the Japanese yen rose slightly as markets watched for any intervention in currency markets by the government. The dollar remained perched at 10-month highs, with the and moving little in Asian trade. But most regional currencies
© Reuters. The Bank of Mauritius is currently experimenting with the launch of a digital rupee, as confirmed by its Governor Harvesh Seegolam at the Bloomberg Financial Forum on Wednesday. This development is part of the central bank’s initiative to modernize its financial services sector and position itself as a multinational treasury headquarters hub. The
Share: USD/JPY has broken above the 149 level. Economists at MUFG Bank analyze Yen’s outlook. Opposition to currency weakness remains firm We continue to see a high chance of intervention but only after a break above the 150 level when there is a higher chance of stops fuelling volatility and ‘disorderly’ price action
© Reuters. FILE PHOTO: Japanese Finance Minister Shunichi Suzuki speaks with the media after a meeting of G7 leaders on the sidelines of G20 finance ministers’ and Central Bank governors’ meeting at Gandhinagar, India, July 16, 2023. REUTERS/Amit Dave/file photo By Tetsushi Kajimoto TOKYO (Reuters) -Japan’s finance minister said on Tuesday that authorities won’t rule
USD/JPY closes in on eleven month highs Interest rate differentials continue to crush the Yen after BoJ stood pat last week Markets suspect it’s more likely to step in and bolster the Yen at current levels The Japanese Yen fell to a ten-month low against a generally stronger United States Dollar on Monday, pushing USD/JPY
Share: USD/JPY refreshes YTD top during the Asian session on Monday, albeit lacks follow-through. Intervention fears, along with a softer risk tone, underpin the JPY and caps gains for the pair. The Fed-BoJ policy divergence still favours bulls and supports prospects for a further move up. The USD/JPY pair touches a fresh high
It is fully possible that Tokyo will conduct intervention in case the yen weakens further Amid a weakening yen, BOJ may have no choice but to normalise monetary policy That includes exiting negative rates and ending yield curve control He also says that markets shouldn’t take things lightly and think that a threat of intervention
Japan’s Finance Ministry’s Vice Finance Minister for International Affairs Kanda. He is the guy who will instruct the BOJ to intervene, when he judges it necessary. Often referred to as Japan’s ‘top currency diplomat’. Making some verbal intervention remarks: Dealing appropriately with FX moves Closely communicating with us, overseas FX authorities Closely watching FX moves
USD/JPY Analysis USD/JPY edges higher after uptick in US CPI reinforces ‘higher for longer’ narrative Fed forecasts in focus as markets look for confirmation on peak rates and CPI forecasts IG client sentiment hints at bullish fatigue as recent positioning data reveals a change in course The analysis in this article makes use of chart
Japanese Yen (USD/JPY, EUR/JPY) Analysis Ueda’s Nod to Rate Normalisation Fades as Focus Shifts to US CPI The yen made a partial recovery/pullback after the Bank of Japan (BoJ) Governor Kazuo Ueda expressed a view that the bank will have enough data at their disposal to make a decision on stepping away from negative interest
