PARIS, FRANCE - MAY 2, 2016 : The Prime Minister of Japan Shinzo during press conference at Elysee Palace (Palais de l'Elysee) for a working visit about the summit of G7 in japan.

Political Events Continue to Pose Risks In what has become a strong theme in forex markets, political events are once again overshadowing basic economic drivers. Following the recent UK and German elections, attention has now shifted to Japan where the traditionally tame and uneventful political climate has been disrupted. Abe Calls Snap Ele...

2017-10-22 James Harte Read more
American flag

US Bull Cycle Over? The bull cycle in the USD index, which has run for around six years, has come under serious heat this year, mostly fuelled by resurgent strength in European and Canadian currencies. The fall-out from Trump’s election has also weighed heavily on USD as investors were once again left disappointed by Trump’s overpromising and u...

2017-10-22 James Harte Read more
BOJ

QQE With Yield Curve Control to Remain Unhanged At their upcoming meeting this week, the BOJ is widely expected to keep their current “QQE with yield curve control” unchanged and as such, is not expected to create much market movement. The current domestic backdrop is one of political uncertainty as investors are keen to learn whether PM Abe wi...

2017-10-22 James Harte Read more
Yen_JPYUSD_Trends_0108

Quiet Summer Trading Typically, JPY markets see relatively little movement in August while JPY itself tends to see a minor appreciation. Risk appetite is usually more moderate over the less active summer-vacation month, and USD is vulnerable to downward pressure from export hedging ahead of Japan’s mid-August Obon holiday. Hedging and repatriat...

2017-08-01 James Harte Read more
Japan GDP

Bank of Japan April Meeting Summary: Interest rates left unchanged at -0.10% QQE purchases unchanged at 80 trillion yen 2017 – 2018 GDP forecasts increased from 1.5% to 1.6% 2017 – 2018 (core) inflation forecasts reduced from 1.5% to 1.4% Inflation goal expected to be reached by April 2018 As widely expected, the Bank of Ja...

2017-04-27 John Benjamin Read more
Forex Market_Shinzo Abe_3011

Shinzo Abe,  Prime Minister of Japan Feb 10th,  US-Japan Summit Japanese PM Shinzo Abe is reported to be preparing pro-active proposals for boosting US growth ahead of his meeting with President Trump this week. If the Trump administration follows through on the President’s promises of significant fiscal expenditure, then the current accoun...

2017-02-08 James Harte Read more
Japan's economic data

The first trading day of the week has no significant economic releases. The global markets are therefore expected to trade in a narrow range throughout the day after a long weekend in the US, and ahead of key economic releases this week. On Tuesday, traders will be looking for many economic releases in Asia, Europe, and the US, which is set to ...

2016-11-28 Nour Eldeen Al-Hammoury Read more
Yen

Image by The White House / Flickr The volatility in the yen crosses ticked higher this morning with fresh reports from various news agencies in Japan carrying articles on various forms of stimulus spending from the government. While there has been no "official confirmation" yet (at the time of writing), the JPY crosses have been experiencing ...

2016-07-27 John Benjamin Read more
Kuroda BoJ

The markets are set for another showdown with the Bank of Japan this week as the central bank meets on July 29, Friday for its monetary policy meeting. The dollar has posted steady gains since the past few weeks led by series of developments, both speculation and facts, all of which stoked investor expectations of more policy easing from the BoJ...

2016-07-25 John Benjamin Read more
Shinzo Abe, BoJ, Yen

Shinzo Abe (Image via World Economic Forum / Flickr) The results of the Japanese Upper House election this weekend saw Prime Minister Shinzo Abe retaining his majority whilst also increasing his seating from 135 to 145 out of a possible 242.  This result presents a renewal of Abe’s mandate to further pursue Abenomics and enacts more fiscal stim...

2016-07-12 James Harte Read more