BoJ Hawkish outlook

The Bank of Japan will be holding its monetary policy meeting later this week on Friday. The BoJ's meeting comes on the heels of the ECB meeting on Thursday. While no changes to interest rates are expected from the BoJ, the central bank's statement is likely to garner a lot of attention. The markets continue to flip-flop on the Japanese yen o...

2018-03-23 John Benjamin Read more
How High for the Yen

USDJPY breaks down to its lowest level in 15 months, falling under 107 to test the all-important trendline support -- extending from summer 2016. Is the yen too high for Japan’s struggling economy? Will the Bank of Japan intervene and try to slow the pace of the yen’s strength? Will it work?   Unsustainable Purchases Despite having wea...

2018-03-20 Ashraf Laidi Read more
Flag of North Korea

A few weeks ago, we thought that the geopolitical tensions have finally eased after North Korea announced its decision to delay the attack on the US Air-Base in Guam island. The US President Donald Trump thought that his threats to North Korea have finally worked and led the North Korean President to back off. Trump also said that North Korea’s...

2017-09-04 Nour Eldeen Al-Hammoury Read more
Japan_bank_Yen

Earlier this morning and during the Asian session today, the Bank of Japan left its current policy unchanged as widely expected. Below some key points of the Bank of Japan statement Maintains short-term interest rate target at -0.1 pct Maintains 10-year JGB yield target around zero pct Leaves unchanged pledge to buy JGBs so that it...

2017-07-21 Nour Eldeen Al-Hammoury Read more
USD Yen_USDJPY

Trump Rally Takes A Break The two-month “Trump Rally” saw the US Dollar soaring against the Japanese Yen, helped along also by the BOJ’s “yield-curve control” approach which has kept JGB yields subdued amidst rising global yields. A lot of investor attention and uncertainty is currently aligned to anticipating the policies due to be presented b...

2017-01-18 James Harte Read more
JPY_BOJ

After strengthening sharply over the majority of the year, the Japanese Yen has now settled into a weakening trend brought about by the election of Donald Trump as the new US President alongside rising global bond yields. JPY strength over the first 9 months of the year was largely responsible for downward pressure on global bond yields creatin...

2016-11-17 James Harte Read more