CADJPY: A new 2022 low ahead of the Canadian CPI release
Yesterday, the Bank of Japan unexpectedly tweaked its yield curve control (YCC) policy, raising its target for 10-year bond yields to 0.5% (previously 0.25%). The move reflects the central bank’s…
Read More »Events to Look Out For Next Week
An enormous week is over, with banks slowing the pace of tightening moves and flagging that more tightening is likely to come next year. There is still however the Bank…
Read More »Sony plans smartphone sensor factory in Japan – Nikkei
Original source: https://www.investing.com/news/stock-market-news/sony-plans-smartphone-sensor-factory-in-japan–nikkei-2965630
Read More »Japan preliminary November PMI, manufacturing plunges to contraction, services on the edge
<p>The manufacturing result is the lowest in 2 years</p><p>Commentary from the report:</p><p>“Activity at Japanese private sector firms declined for the first time in three months, according to November flash PMI…
Read More »More from BOJ Gov Kuroda: Japan has yet to see inflation hit 2% in stable sustained manner
<p>Bank of Japan Governor Kuroda</p><ul><li>Japan's CPI rise above 3% is driven mostly by rising import costs</li><li>Japan has yet to see inflation hit 2% in a stable sustained manner</li></ul><p>more to come…
Read More »Japanese authorities closely watching forex market moves
Reuters reported that Japan’s top currency diplomat Masato Kanda said on Friday that he was closely watching forex market moves with a high sense of u
Read More »USD/JPY Biased to Downside as Japan FX Reserves Remain Plentiful
The Japanese Yen looks poised for additional strength against the US Dollar after intervention measures leave Japan’s foreign reserve deposits around $941 billion.
Read More »Japan finmin Suzuki: Closely watching forex with sense of urgency
Japanese Finance Minister Shunichi Suzuki said on Thursday that he would closely watch the foreign currency market with a sense of urgency. He made th
Read More »USD/JPY awaits Japan intervention around 30-year high above 149.00, yields stay sluggish
USD/JPY treads water around 149.20-30 as Tokyo opens for Wednesday. In doing so, the yen pair prints mild losses while snapping the 10-day uptrend as
Read More »Australian Dollar at Risk as New Week Begins, Eyes on USD/JPY and Intervention Threat
The Australian Dollar may weaken as the new trading week begins after Wall Street’s plunge on Friday. With USD/JPY at a 32-year high, will Japan soon intervene again?
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