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 […]
US FOMC, ECB, Bank of Japan Monetary Policy Announcement next week

This week has seen a strengthening in USD, but the reasons behind its rally are questionable. There seems to be a correction in the market after a continuous 6-day USD decline until last week. Various factors are influencing the market sentiment. For USDJPY, BOJ Governor Kuroda’s reaffirmation of the easing stance cooled down the YCC […]
BOJ Governor Ueda Cools YCC Revision Speculation, Dollar-Yen Decline Lulls

Shutaro Ueda, the Governor of the Bank of Japan (BOJ), poured cold water on the speculation of Yield Curve Control (YCC) revision, and the decline in USD/JPY seems to have paused. In today’s Tokyo market, USD/JPY is trading in the 139 yen range. It has regained some ground after last week’s decline to the […]
Markets in an adjustment mood in the first half of the week

According to the market report, the beginning of this week has seen a broadening corrective mood in trading. Last week, the US Federal Open Market Committee (FOMC) and the European Central Bank (ECB) meetings resulted in a strengthening of selling pressure on the US dollar. Meanwhile, the Japanese yen weakened due to the Bank of […]
BOJ Decides to Continue Large-Scale Monetary Easing, Maintains Price Outlook

According to the Bank of Japan’s monetary policy decision on the 16th, they have decided to continue their current large-scale monetary easing policy centered around Yield Curve Control (YCC). There were no significant changes in their perception of the economy and prices. In a survey conducted by Bloomberg among 47 economists from the 1st to […]
Yen buying resumed CPI did not slow down unexpectedly, speculation about revising BOJ policy resurfaced, USD/JPY weakened to the 133.70 level

As the CPI did not slow down unexpectedly, speculation about the Bank of Japan’s policy revision resurfaced, leading to yen buying. However, it is unlikely that the Bank of Japan will make any changes to the YCC at next weekend’s meeting. Bank of Japan Governor Ueda has indicated that inflation is likely to ease […]
Passing Governor Kuroda’s decision-making meeting of the Bank of Japan, eyes on US employment statistics and trends in US stocks

The Bank of Japan decision meeting did not see any particularly new measures, and the continuation of the easing measures was confirmed. Some in the market were preparing for a surprise, such as an expansion of the YCC fluctuation range or abolishment, but they have failed. The dollar-yen pair surged from below the 135-yen […]
It is difficult to find a direction ahead of tomorrow’s Bank of Japan and US employment statistics events

“There are many events this week, but today is a day in between.” Yesterday and the day before yesterday, Fed Chairman Jerome Powell testified before Congress. Tomorrow is BOJ Governor Kuroda’s final monetary policy meeting and the release of the US employment report, one of the most closely watched indicators of the US economy. The […]
Will there be an adjustment at the beginning of the week? There is still time for the US employment statistics for the weekend

The U.S. employment statistics and the final monetary policy meeting of BOJ Governor Kuroda are scheduled for Friday this week. There is still a day left in the weekend, so the outlook is uncertain at this point. Fed Chairman Jerome Powell is scheduled to testify before Congress on July 7-8. For today, we will be […]
Buying pressure on the yen, uncertainty over Mr. Ueda, and stock price declines ahead of the weekend

Both the dollar-yen and the cross-yen traded with heavy topsides during the London lunch hour. After Ueda’s appointment as the new governor of the Bank of Japan, which became a hot topic on the day, the yen exchange rate rose sharply, and then the exchange rate returned sharply. Deputy Governor Amamiya, who was considered a […]