Inflation in Japan has been on the rise, reaching unprecedented levels with core inflation staying above 3% annually for the past year. The possibility of monetary tightening by the Bank of Japan (BOJ) caused speculation in the market. BOJ Governor Kazuo Ueda hinted at a potential increase in the prime interest rate of -0.1% during a press interview three weeks ago, leading to … [Read more...] about Bank of Japan’s Monetary Tightening Rumors and Japanese Stocks
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Potential Currency Moves in China and Japan
When the People's Bank of China (PBOC) makes a statement, it has a significant impact on the markets, even if its message is somewhat unclear. A few weeks ago, the PBOC hinted at allowing state-owned banks to sell dollars in order to support the yuan. This move helped stabilize the Chinese currency, which had experienced a 5% decline over the past three months. This action by … [Read more...] about Potential Currency Moves in China and Japan
Japanese Yen Plunges to 20-Year Low, Ramping up Pressure on Loose Monetary Policy
The yen dropped to a new 20-year low as it fell for the 13th consecutive day, heightening the stakes for the Bank of Japan on whether to maintain its ultra-loose monetary policy stance. JPYUSD down -1.16%, Nikkei 225 up 0.69% The plunge in the yen ¥128 against the US dollar emerged as Tokyo Research Survey found that nearly 40% of the companies determined that yen weakness … [Read more...] about Japanese Yen Plunges to 20-Year Low, Ramping up Pressure on Loose Monetary Policy
Japanese Yen Depreciates to Weakest Against Dollar in Seven Years
Source: Financial Times The Japanese yen plunged to its weakest level against the US dollar in seven years on Monday after its central bank offered to boost its bond-buying program. EWJ is down 1.74%. The yen depreciated by over 2% to reach ¥125 versus the dollar, with traders expecting more weakness.The currency has already dropped by over 7% so far this month, making … [Read more...] about Japanese Yen Depreciates to Weakest Against Dollar in Seven Years
