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
BoJTapering

The US Dollar fell sharply against the Japanese Yen yesterday in response to the Bank of Japan’s announcement that it will reduce its purchase of long term bonds. The BOJ announced that it will cut it's purchases of 10 – 25 yr JGB’s to 190bln Yen and 80bln Yen respectively. The move is particularly interesting as, over recent weeks, traders have...

2018-01-17 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
North Korean soldiers at the military parade in Pyongyang with the portrait of Kim Jonhg-Il of the 60th anniversary of the conclusion of the Korean War.

Geopolitical Tensions Rise Global risk appetite was shaken over the European morning in response to reports that North Korea fired a missile which passed over Japan. This marks the latest in a series of missile launches and marks an escalation in tension. NHK, a Japanese broadcaster, reported a government warning that a missile was headed towar...

2017-08-29 James Harte Read more

Since the beginning of the week, North Korea and the US are threatening each other, every other hour, and as always, the global markets and the investors are the biggest victims. Two words were enough to shake the global equities, including the US, Europe, and Asia. In addition, those two words were also enough to push safe haven assets sharply...

2017-08-10 Nour Eldeen Al-Hammoury 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_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
COT report_Sterling_ECB

This data references the period ending Tuesday, July 4th. EURUSD Non-Commercials increased their net long positions in the Euro last week buying a further 18.7k contracts to take the total position t0 77k contracts. EUR demand continues to grow as markets see an increased likelihood of ECB tapering/stimulus withdrawal coming ahead of time....

2017-07-26 James Harte Read more
Bank of Japan_Yen_2205

Since the beginning of the year, the Japanese Yen has been strengthening notably after the period of weakness at the end of last year. Last year USDJPY strength came on the back of the US Dollar rally as the Fed’s kicked off its policy tightening. However, this has been a negative factor for Japan. The Bank of Japan has been trying to keep the ...

2017-07-26 Nour Eldeen Al-Hammoury Read more