6JMAIN Japanese Yen Futures(SEP4)
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Japanese Yen Futures(SEP4) News
Keeping quiet to hold back the trump card? With 38 days without any public statement, Hideo Ueda set the longest "silent" record.
For this governor, who sometimes speaks multiple times in one day, such a long "silence" seems particularly unusual.
Express News | Macro Hedge: Japanese economic data may lead the Bank of Japan to remain neutral.
Japan's Economic Data May Tilt Risks Toward BOJ Hold -- Market Talk
More momentum for the yen bulls? Tokyo's inflation accelerated in July, but there are hidden worries in the details.
As a leading indicator of Japan's nationwide inflation data, Tokyo's inflation rate in July has risen for the third consecutive month, which means there is a greater possibility of the Bank of Japan raising interest rates next week.
Tokyo's core CPI accelerated in July, and the Bank of Japan still has the option to raise interest rates.
Japan's Ministry of Internal Affairs announced on Friday (July 26) that the core CPI, excluding fresh food, rose by 2.2% year-on-year, higher than June's 2.1%. This figure is in line with general expectations. The acceleration of core inflation in Japan in July provides strong support for the Bank of Japan to raise interest rates at its meeting next week, with the data boosted by the recent reduction in public utility cost subsidies.
Yen gains momentum! In July, inflation in Tokyo accelerated, and the low summer liquidity will amplify volatility.
With reduced market liquidity, the volatility of the yen will further increase.
The yen's surge may come to a sudden stop next Wednesday, which is a critical turning point for the Bank of Japan's decision.
Investors are betting on the yen, expecting that changes in interest rates will have a positive impact on the Japanese economy. However, they will face a crucial moment next Wednesday, when the Bank of Japan's policy decision will have a significant impact on the yen's trend.
Yen Steady As Asian Stocks Struggle In A Wild Week
Short sellers are rushing to close their positions! The yen has risen to become the strongest currency of the month.
Analysts pointed out that net short positions in the yen have recently reached their highest level since the financial crisis, with a lot of room for closing positions.
Tokyo's inflation has accelerated for three consecutive months, and the Bank of Japan's door to raising interest rates remains open.
Tokyo's inflation rate has accelerated for the third consecutive month in July, which has opened the door for potential interest rate hikes when the Bank of Japan Policy Committee holds its meeting next week.
Express News | With the unwinding of carry trades, the yen is set for its strongest weekly performance in three months.
CPI data has to some extent reduced the probability of the Bank of Japan cutting interest rates, according to Macro Kai-Tak.
Due to traders digesting Tokyo's July inflation data earlier, the yen fluctuated against other G10 and Asian currencies in early trading. Marcel Thieliant, head of macroeconomic research in the Asia Pacific region at Capital Economics, said in a commentary that it is not yet clear how much importance the Bank of Japan attaches to Tokyo CPI and nationwide CPI. However, Thieliant said that these data to some extent reduce the likelihood of the Bank of Japan hiking interest rates at next week's meeting. The dollar fell 0.19% against the yen to 153.66; the Australian dollar against the yen was at 100.68.
'Crazy' Yen Rally Is at Risk of Shattering as Soon as Next Week
Tokyo's Core CPI Climbs 2.2% in July
Japan's Kanda: Excessive FX Volatility Has Negative Impact on Economy
Nikkei May Decline Amid Uncertainty Over U.S., Japan Monetary Policies -- Market Talk
Japan Inflation: Tokyo Consumer Price Index Rises 2.2% YoY in July Vs. 2.3% Prior
The strong appreciation of the Japanese yen is impacting global assets! Is there even more terrifying "liquidation" ahead?
The short selling of the Japanese yen undoubtedly exacerbates global safe-haven sentiment. If the yen continues to rise, a more terrifying situation will occur...
The Yen's Charging – Societe Generale
Japanese Yen, Swiss Franc Rally on Safe-Haven Demand -- Market Talk