Category: Japanese
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Nasdaq Technical Analysis – The rout in the Japanese markets impacted globally
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Basic Overview At one point, it looked like the worst was over, with the Nasdaq up nearly 5% in a single day following the Bank of Japan and FOMC decisions. Unfortunately, the next day we got the ugly US ISM manufacturing PMI, which sent the market into a defensive and…
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Commerzbank hint at the potential for more Japanese intervention to support the yen
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Justin gives us the latest from the Bank of Japan: And through an excerpt from Commerzbank, analysts there also see the Bank of Japan adopting a stance that favors further interest rate hikes, thus supporting the yen: The Bank of Japan does not expect its policy path to significantly reduce…
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Commerzbank hint at the potential for more Japanese intervention to support the yen
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Justin gives us the latest from the Bank of Japan: And through an excerpt from Commerzbank, analysts there also see the Bank of Japan adopting a stance that favors further interest rate hikes, thus supporting the yen: The Bank of Japan does not expect its policy path to significantly reduce…
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Japanese crypto exchange Bitbank eyes IPO on Tokyo Stock Exchange
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Cryptocurrency exchange Bitbank is preparing for an initial public offering on the Tokyo Stock Exchange, becoming the second Japanese crypto exchange to seek regulatory approval for an IPO. Bitbank Inc., a Japanese cryptocurrency exchange, is looking to go public as part of its strategy to expand its market presence and…
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Japanese crypto exchange Bitbank eyes IPO on Tokyo Stock Exchange
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Cryptocurrency exchange Bitbank is preparing for an initial public offering on the Tokyo Stock Exchange, becoming the second Japanese crypto exchange to seek regulatory approval for an IPO. Bitbank Inc., a Japanese cryptocurrency exchange, is looking to go public as part of its strategy to expand its market presence and…
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Asia FX firms with Fed on tap; Japanese yen volatile after BOJ By Investing.com
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Most Asian currencies rose on Wednesday ahead of further signals on interest rate cuts from the Federal Reserve, while the Japanese yen was volatile after mixed signals from the Bank of Japan. The Australian dollar was an exception among its regional peers, with the currency sliding to a three-month low…
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Japanese officials quiet on forex as yen sharply rebounds By Reuters
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Written by Makiko Yamazaki RIO DE JANEIRO (Reuters) – Japanese Finance Minister Shunichi Suzuki and top currency diplomat Masato Kanda declined to comment on foreign exchange rates on Wednesday as the yen rose to its highest level against the dollar in more than two months. Asked about the yen’s recent…
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Japanese yen surges, USDJPY tumbles amid suspected intervention By Investing.com
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The Japanese yen rose sharply against the US dollar on Wednesday and Thursday, with the USD/JPY pair falling to its lowest level in more than a month amid speculation that the government has intervened in currency markets. The pair, which measures the number of yen needed to buy one dollar,…
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Heads up for a holiday in Asia today – Japanese markets are closed (no UST physical trade)
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Japanese markets are closed today for Japan’s public holiday, Navy Day. Seaman’s Day, or Umi no Hi, is a national holiday in Japan celebrated on the third Monday in July. It honors the importance of the ocean to Japan as an island nation and recognizes maritime activities and the economic…
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Japanese yen surges, ringing intervention alarm bells By Reuters
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(Reuters) – The Japanese yen jumped about 3% on Thursday in its biggest daily gain since late 2022, a move local media attributed to a round of official buying to support the currency, which is at a 38-year low. The dollar fell to 157.40, just after data showed that consumer…
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Asian stocks tread water amid mixed Chinese, Japanese inflation By Investing.com
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Investing.com — Most Asian stocks were rangebound on Wednesday as markets digested mixed inflation data from China and Japan, while the focus remained on when the Federal Reserve will start cutting interest rates. Regional stocks received moderate signals from Wall Street, with technology stocks seeing sharp gains and nearing new…
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Julius Baer like further upside in Japanese equities
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Japan’s broad Topix index of stocks hit a record high on Thursday, finally surpassing its highest level since December 1989. Comments from an analyst at Swiss private bank Julius Baer, in its summary, point to further upside ahead, citing the following: Corporate Reforms Currency and Flows Salary increases Earnings Review…
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Japanese yen fragile as USDJPY nears 162; intervention in focus By Investing.com
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The Japanese yen held near its weakest level in 38 years on Thursday, with the currency’s recent slide and low liquidity during a U.S. market holiday raising fresh speculation about government intervention. The yen, which measures the number of yen needed to buy one dollar, was down 0.1% at 161.50…
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All eyes stay on the Japanese yen ahead of European trading
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It’s all about whether a further rise will cause Tokyo to intervene at this point. It’s mostly a psychological game, you can even think of it as a game of chicken. Do buyers have more determination or does the blame fall on the Japanese authorities instead? The thing to watch…
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Japanese yen weakens, USDJPY hits 38-year high despite intervention fears By Investing.com
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Investing.com — The Japanese yen fell further on Thursday, with the USD/JPY pair rising to its highest points in 38 years while surpassing previous levels that traders believed would attract Japanese government intervention. The yen pair, which measures the number of yen needed to buy one dollar, rose to 160.81…
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Dollar reined in by threat of Japanese intervention, yen fragile By Reuters
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Written by Amanda Cooper LONDON (Reuters) – The dollar fell below a key 160 yen level on Tuesday, as fears of interference by Japanese officials kept traders from severely punishing the yen against any other currencies. Elsewhere, analysts said bitcoin recovered some of its losses after its worst day in…
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Japanese yen fragile, USDJPY nears 160 amid intervention talk By Investing.com
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Investing.com — The Japanese yen was fragile on Monday, with the USD/JPY pair approaching key intervention levels even as government officials repeated warnings that they would intervene to support the currency. The pair, which measures the number of yen needed to buy one dollar, rose slightly on Monday to 159.93…
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Parliament seeks urgent hearing of appeal on tax waivers to Japanese staff, firms
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Parliament has written to the Court of Appeal over delays in hearing a case challenging tax breaks given to Japanese workers and companies. In a letter to the Deputy Registrar of the Court of Appeal, Parliament indicated that the six-month suspension of the ruling repealing Section 13 of the Income…