Analysis-Rate Hike Bets Leave Yen’s Post-Intervention Gains at BOJ’s Mercy

Analysis-Rate hike bets leave yen’s post-intervention gains at BOJ’s mercy

By Rocky Swift and Junko Fujita TOKYO, Aug 13 (Reuters) - Joint Japanese-U.S. efforts to shore up the battered yen two weeks ago have heightened market bets the Bank of Japan will need to hike rates faster and further, raising the stakes for the curren...

Goldman says Japan's $1 trillion of reserves leaves 'plenty of capacity' for further yen interventions

Japan has enough cash at its disposal for a couple more rounds of yen-buying on the scale of last month's intervention, Goldman Sachs says.

Intervention and higher rates might not be enough to stop yen from weakening

Fiscal questions are hanging over the market, especially after Prime Minister Sanae Takaichi committed to cutting the consumption tax on groceries.

The Yen Needs a Helping Hand - ActionForex

The strengthening of the US dollar has pushed USDJPY towards 160, increasing the likelihood of another round of currency interventions. Speculators have capitalised on the contradiction between the US Treasury’s recommendations to the Bank of Japan to accelerate the tightening of monetary policy and the government’s desire to keep interest rates low so as not to increase the cost of servicing its colossal debts. The rumours were so rife that the…

Japan’s Rate Hikes Could Put Bitcoin and the Yen Carry Trade Under Pressure

Japans recovery from its decades-long economic slump could have major consequences for Bitcoin and global risk markets. After the countrys asset bubble collapsed in the early 1990s, the Bank of Japan (BOJ) kept interest rates near zero from 1999 and eventually introduced negative rates in 2016. That era of ultra-cheap borrowing helped fuel the global yen carry trade. Investors could borrow yen at minimal cost and move the money into higher-yield…