BTC/JPY and USD/JPY Drop as Scott Bessent Calls for BOJ Rate Hike

Scott Bessent's got a Japanese blind spot

TOKYO – Fresh off getting outmaneuvered by Tokyo on a “trade deal,” President Donald Trump’s team is going even further to demonstrate its ignorance of

Futures Flat, Global Stock Rally Fizzles Ahead Of PPI Report

Futures Flat, Global Stock Rally Fizzles Ahead Of PPI Report The global market rally stalled and US equity futures are flat with small caps underperforming (SPX and NDX made new ATHs yesterday while the Russell still sits ~5% below its ATH) into this morning's PPI print, where the market may confirm CPI’s trend as well as solidifying PCE estimates. As of 8:00am, S&P 500 futures were flat changed after the benchmark notched a record close for a s…

BTC/JPY and USD/JPY Drop as Scott Bessent Calls for BOJ Rate Hike

JPY is no longer the most attractive funding currency, and the currency's strength may not necessarily lead to broad-based risk aversion, one expert said.

Yen Gains as Bessent Expects BOJ Hike, Stocks Fall: Markets Wrap

(Bloomberg) -- The yen rose the most in almost two weeks after US Treasury Secretary Scott Bessent said he expected Japan to raise interest rates to tame inflation.

Bessent Says BOJ Is Falling Behind the Curve, Expects Rate Hike

US Treasury Secretary Scott Bessent said the Bank of Japan is falling behind the curve in addressing inflation, in a rare comment admonishing policy decisions by a foreign central bank.

BoJ rate hike speculation around the turn of the year remains in place – Rabobank | The New York Ledger

The Trump Administration clearly doesn’t adhere to the established set of norms on many fronts. Yesterday, US Treasury Secretary Bessent not solely said his view that Fed charges needs to be considerably decrease, however he additionally had recommendation for the BoJ, Rabobank’s FX analyst Jane Foley studies. USD/JPY to maneuver to 145 on a 3-month view “In Bessent’s view the BoJ is liable to falling behind the curve in controlling inflation. W…