Will the return of the dollar/yen continue?
The dollar/yen has reached a high of 134.40 in the Tokyo market today. As the Bank of Japan announced an unexpected expansion of the YCC fluctuation range on December 20, the YCC dropped sharply from the 137 yen level to the 130.50 level by about 7 yen. However, since then, it has been recovering for […]
The US market started trading during the week of the year-end market, even though the UK and other markets were closed
This week began amid a worldwide holiday related to Christmas. The market was quiet yesterday. The United Kingdom and other former British Commonwealth countries will also have a holiday in lieu of Christmas today. Continental European countries open for trading, but London time is likely to remain illiquid. It is likely that the development will […]
A calm movement in the Christmas season
The Tokyo market saw a correction from the 132 yen level to the high 131 yen level. It’s not that there were any outstanding ingredients, but that the NY market was adjusted from the high 131 yen level to the 132 yen level yesterday. With the Christmas weekend approaching, there are no active moves […]
Price fluctuations related to the Bank of Japan have slowed down, and we are looking for future trends
Yesterday was a rough day for the dollar-yen and cross-yen exchanges. The background is that the Bank of Japan unexpectedly announced an expansion of the YCC fluctuation range. Although Bank of Japan Governor Kuroda denied any moves toward an exit, the market has strengthened yen-buying as a substantial interest rate hike. The dollar/yen pair temporarily […]
〇 The Bank of Japan will throw a stone during Christmas week, and be wary of the appreciation of the yen
The final Bank of Japan monetary policy meeting of the year had an unexpected result. The Bank of Japan, which had stubbornly maintained its ultra-easing stance in the face of global interest rate hikes, suddenly expanded the fluctuation range of the YCC from 0.25% to 0.50%. The announcement comes as each country is about to […]
The yen will appreciate slightly at the beginning of the week, and there are speculations ahead of the final decision-making meeting of the Bank of Japan within the year
The yen has shown signs of appreciation since the beginning of the week. It was reported that the government and the Bank of Japan would revise the joint statement that defined their respective roles, which led to speculation that the 2% inflation target would be revised. After last week’s series of monetary policy meetings, including […]
After all the major central bank events have passed, what is the hawkishness of the central banks of each country for next year?
Monetary policy meetings of major central banks were held one after another this week. USA, UK, Europe, Switzerland, etc. Not coincidentally, both have announced rate hikes of 50 basis points. However, the degree of hawkishness for next year is likely to be quite mixed. The United States has raised its outlook for the terminal rate […]
Following the US FOMC, the Bank of England and the ECB announced monetary policy today
Following yesterday’s US FOMC, today the Bank of England and the ECB will announce their monetary policies. The FOMC raised interest rates by 50 basis points, as many expected. The pace eased after four consecutive 75 basis point hikes. However, this has already been factored into the market. The key terminal rate level was […]
Investing in market trends ahead of tomorrow’s US consumer price index due to shortage of materials today
There are no notable economic statistics or speech events scheduled by financial officials for the beginning of the week. After the UK industrial production index (October), UK manufacturing output (October), UK trade balance (October), and the Turkish unemployment rate (October) were announced in the early morning of London, the US month will be released […]
The November US producer price index rose 7.4% year-on-year and the core price rose 6.2% year-on-year, both of which exceeded market expectations.
The November US producer price index rose 7.4% year-on-year and the core price rose 6.2% year-on-year, both of which exceeded market expectations. The previous figures were also revised upwards to +8.1% from the previous year and core to +6.8% from the previous year. As a result, the 10-year U.S. Treasury yield jumped from around 3.46% […]