US-Japan Yen Intervention Reveals a Trillion-Dollar Dilemma
8 Articles
8 Articles
US-Japan joint intervention in yen exchange rate: An exercise in short-termism
The joint yen-buying intervention is unlikely to drive a sustained reversal in the yen as long as Japan's economic fundamentals and the US-Japan interest-rate differential do not improve significantly.
Navigating Japan Equities: joint yen intervention and its impact on equities, BOJ policy
Naoki Kamiyama, chief strategist at Amova Asset Management, looks at how joint US-Japan intervention and a more hawkish Bank of Japan could shape the outlook for the yen and Japanese equities. The recent joint US-Japan yen-buying intervention understandably sent a shockwave through the currency market. The impact of the coordinated intervention was clearly visible, with the yen strengthening sharply from the 164 per dollar level to around 157 pe…
On July 31, the Japanese and US governments carried out coordinated intervention, buying yen and selling dollars—the first such intervention in 28 years. The dollar-yen exchange rate, which had been close to 164 yen to the dollar just before the intervention, temporarily rose to the 155 yen range afterward. However, for about two weeks…
According to an analysis by Eurizon SLJ Capital, the joint yen intervention by the United States and Japan represents a turning point in the market, so a sustained strengthening of the Japanese currency against the dollar can be expected, Bloomberg reported.
Don’t underestimate US yen intervention
Recent actions on the part of US Treasury Secretary, Scott Bessent are being interpreted as a response to bond market strain. UK-based chief executive of deVere Group, Nigel Green says three coordinated moves by Bessent signals that Washington is worried about something bigger than yields. Green noted that the 30-year Treasury yield climbed above 5.2% following the Federal Reserve’s July 29 meeting, its highest level since 2007 and a 19-year hig…
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