Yen Appreciation Trend Forming Ahead of Next Week’s BOJ Decision Meeting
USD/JPY has fallen to the 154 yen level in the Tokyo market today. Taking a broader view of the recent USD/JPY trend, after being bought up to just below 162 yen, the pair reacted to a weaker-than-expected U.S. CPI with dollar selling. This was exacerbated by yen-buying intervention from the government and the Bank […]
BOJ Decides on Reduction “Policy,” Yen Sells Off; Monitoring Market Reaction to Governor Ueda’s Press Conference and Intervention Concerns
In the highly anticipated BOJ policy meeting, the decision was made to establish a “policy” for reducing bond purchases in the upcoming July meeting. This means that the specific details of the reduction were not announced this time. The BOJ plans to determine the reduction amount through discussions with bond market participants to avoid shocking […]
Economic Statistics Influence Dollar Exchange Rate, Yesterday Saw a Pause in Dollar Strength, Today’s Outlook
Yesterday in the NY market, the strengthening of the dollar paused. This reaction was due to the preliminary April PMI values for both manufacturing and non-manufacturing sectors showing weakness. This contrasts with the relatively strong PMI preliminary values from the UK and the Eurozone, leading to a sell-off of the dollar. Some European financial authorities […]
Bank of Japan (BOJ) policy decision meeting results were announced as expected
Today, the Bank of Japan (BOJ) policy decision meeting results were announced. As expected, they lifted the negative interest rate and set the short-term interest rate target at 0.0-0.1%. They abolished the Yield Curve Control (YCC) and maintained their easing stance by continuing purchases of long-term government bonds. Additionally, they halted new purchases of Exchange-Traded […]
Bank of Japan Meeting: Negative Interest Rate Unwind Priced In, Focus Shifts to FOMC
The market seems to have priced in the potential unwinding of negative interest rates ahead of tomorrow’s Bank of Japan (BoJ) monetary policy decision announcement. Over the past two weeks, remarks from BoJ officials and leaked reports have gradually permeated the market, leading to this anticipation. Tomorrow’s meeting is expected to discuss topics such as […]
Negative Interest Rate Removal! What Does the Bank of Japan’s Move, the First in 17 Years, Mean.Summary of Trades from March 11th to March 15th: The total profit was +196,779 USD.?
Summary of Trades from March 11th to March 15th: The total profit was +196,779 USD. I pursued buying opportunities in cryptocurrencies, but was caught in significant downward corrections at various points, leading to stop losses. Despite observing substantial upward movements, I couldn’t capitalize on them effectively. Given the considerable volatility, I plan to refrain from […]
Focus on the Dollar/Yen Reaction to the BOJ Governor’s Press Conference
Focus on the Dollar/Yen Reaction to the BOJ Governor’s Press Conference In today’s New York foreign exchange market, the initial focus will be on how US participants assess BOJ Governor Ueda’s press conference. After the reaction to domestic news has settled, trading will continue with a normal focus on US interest rate movements. Economic data […]
At the beginning of the week, there is a lack of significant catalysts, and there is strong anticipation of the Bank of Japan (BoJ) keeping its policies unchanged in tomorrow’s meeting.
Monday starts with a lack of significant catalysts, and there is strong anticipation of a Bank of Japan (BoJ) meeting tomorrow that will likely result in a policy hold. Today being Friday, it’s a time when weekend adjustments can easily occur. However, in the Tokyo market, the USD/JPY pair briefly reached 148.80, marking the highest […]
BOJ YCC revision again is factored in; Yen sell-off reaction, but not intervention.
The Bank of Japan’s Yield Curve Control (YCC) revision has been announced. They have shifted from a stance of firmly adhering to the previous 1% upper limit to adopting a more flexible approach with a target around 1%. The target level for the yield curve control operation has been changed to be decided depending on […]
After passing through last week’s events, July seems to be coming to a close with a dollar-strong trend, having absorbed the shock from the Bank of Japan’s decision.
Today marks the beginning of a new week and the end of July. Major events such as the US FOMC meeting, ECB Council meeting, and Bank of Japan policy decision have been concluded. It appears that July, overall, will end with a dollar-strong trend. Both the FOMC and the ECB announced a 25 basis points […]