✅ Political Transition Eases Uncertainty — Focus Shifts to Bank of Japan Policy
✅ Political Transition Eases Uncertainty — Focus Shifts to Bank of Japan Policy 🏛 Politics: Prime Minister Takaichi’s Cabinet Launches — Market Cheers with Stock Gains & Yen Weakness Sanae Takaichi officially took office today as Japan’s new Prime Minister, following the coalition agreement between the Liberal Democratic Party (LDP) and the Japan Innovation Party […]
The Bank of Japan announced a reduction in the amount of government bond purchases
The Bank of Japan announced a reduction in the amount of government bond purchases at the start of the Tokyo market this week, leading to a temporary surge in the yen’s value. USD/JPY initially rose to around 155.96 in the morning but sharply declined to the 155.50 level after the announcement. However, it gradually rebounded […]
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 […]
“Negative Interest Rate Removal, No Urgency for the Bank of Japan This Month”
The Bank of Japan (BoJ) believes that there is little urgency to remove negative interest rates or yield curve control (YCC) this month due to the lack of sufficient evidence for achieving a virtuous cycle of wages and prices, according to multiple sources familiar with the matter. This suggests that the BoJ is likely […]
Little reaction to Treasurer Kanda and Bank of Japan’s main opinion, how about in overseas markets?
The reaction to Kanda, the Ministry of Finance official, and the main opinions of the Bank of Japan appears to be relatively muted. However, it is worth noting how the overseas markets will respond. At the beginning of the week, there was a slight strengthening of the yen. This can be attributed to Kanda’s […]
Bank of Japan announces continuation of easing, pay attention to US PCE deflator after this
At the attention-grabbing decision-making meeting of the Governor of the Bank of Japan Ueda, he announced that the current ultra-loose policy would be maintained. Among them, we have deleted the forward guidance wording on interest rates, deleted the reference to the new corona, and decided to conduct a multilateral review (inspection) of monetary policy management […]
Release of US employment statistics during the Easter holidays
The European market is basically closed. Stocks, commodities, and other markets that were closed on Friday resumed in the US, and trading participants in the foreign exchange market have returned considerably. However, some participants are taking the Easter holidays, so trading is expected to be quieter than usual. For the dollar/yen, there is a rather […]
Ahead of tomorrow’s announcement of the Bank of Japan results, today is the calm before the storm
The market’s attention is focused on the announcement of the results of the Bank of Japan’s monetary policy meeting on the 18th. With 10-year bond yields surpassing 0.50% on a daily basis in the bond market, there is a question of whether the BOJ will move to further expand the range of YCC fluctuations, […]
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 […]
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 […]