Hong Kong
2024-11-13 15:05
IndustryYen Breaks 155 Per$, Raising Intervention Risk
JPY weakens past 155/USD for first time since July, increasing Japan's market intervention risk. Key factors:
Yen slides 0.3% to 155.04 vs USD
Losses extend after Trump's re-election as US president
Surging Treasury yields weigh on yen, 2-yr yield at highest since July
Market focus:
Yen near levels of last Japanese intervention
Japan's top FX official warns of one-sided, sudden moves
Bloomberg economist survey: median intervention trigger at 160 yen/USD
Trump policy potential impacts:
Expansionary, inflationary economic policies may reduce Fed rate cut willingness
Could further widen US-Japan interest rate gap, weakening yen
Market questions pace of narrowing interest rate differential
Japan govt & BOJ stance:
Record interventions this year in two rounds
¥9.8T ($63B) spent late Apr-early May
Additional ¥5.5T in early July
BOJ Gov Ueda acknowledges FX impact on Japan's price trends
Persistent yen weakness may prompt earlier rate hike consideration
#BOJ #JPY
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Yen Breaks 155 Per$, Raising Intervention Risk
Hong Kong | 2024-11-13 15:05
JPY weakens past 155/USD for first time since July, increasing Japan's market intervention risk. Key factors:
Yen slides 0.3% to 155.04 vs USD
Losses extend after Trump's re-election as US president
Surging Treasury yields weigh on yen, 2-yr yield at highest since July
Market focus:
Yen near levels of last Japanese intervention
Japan's top FX official warns of one-sided, sudden moves
Bloomberg economist survey: median intervention trigger at 160 yen/USD
Trump policy potential impacts:
Expansionary, inflationary economic policies may reduce Fed rate cut willingness
Could further widen US-Japan interest rate gap, weakening yen
Market questions pace of narrowing interest rate differential
Japan govt & BOJ stance:
Record interventions this year in two rounds
¥9.8T ($63B) spent late Apr-early May
Additional ¥5.5T in early July
BOJ Gov Ueda acknowledges FX impact on Japan's price trends
Persistent yen weakness may prompt earlier rate hike consideration
#BOJ #JPY
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