JPY
Exclusive JPY - faster?
Over the past few weeks the market has been debating whether the MoF is deliberating over a change of tactics with respect to how it can support the JPY.
Exclusive JPY - changing tack?
The JPY found some traction today on calls from Finance Minister Katayama for Japanese pension funds to increase their holdings of domestic financial assets.
Exclusive JPY - behind the curve?
Overnight, a 30 yr JGB auction drew its highest bid cover ratio since 2019
Exclusive JPY - unsurprising surprises
There is so much speculation that the MoF may take advantage of thinned holiday conditions on Friday to intervene, that the bigger surprise may be if no action is taken.
Exclusive JPY - enough
Despite the significance of the BoJ’s decision to take its policy rate back to 1% today, the meeting was still overshadowed by that of the Fed tomorrow.
Exclusive JPY - JGB watching
The Nikkei newspaper is reporting that the BoJ is set to hike rates by 25 bps.