Rises in government bond yields and weakness in the yen could have spillover effects on other markets
It’s just made hundreds of billions of dollars by accident
Greenback rebounds after Treasury secretary rejects speculation that Washington is intervening to boost yen
Loose fiscal policy no longer makes sense now that Japan has escaped deflation
Markets have been on alert for government intervention in currency market
Japanese currency climbs sharply on speculation of joint US-Japan market intervention, adding to pressure on greenback
Weakness in Japan, South Korea and Taiwan come despite US currency’s decline against G7 counterparts and narrowing interest rate gap
If not now, yen?
Japanese currency rises most since August after New York Fed queries market participants on price levels
And the signal from staples
Currency at lowest since July 2024 after finance minister expresses concern over ‘one-way’ weakening
Traders see higher potential for government intervention to support currency
Yields on 10-year government bonds hit highest level since 1990s after central bank’s fourth rate increase
Investors worry about fallout from yen carry trade unwinding after speech by BoJ governor
Yen carry trade is fragile, although fiscal risks are preventing Japanese investors from moving money back home
Kazuo Ueda’s remarks ‘clearly signal’ possibility of tightening in December meeting, say analysts
Plus miraculous memory makers
Investors expect more fiscal spending and pressure on central bank to keep interest rates low
Keep an eye on the yen and other areas of consensus as temperatures rise
Foreigners have recently been the only major buyers of the country’s longer-term government debt
Japan’s central bank governor says ‘one more notch’ of information needed to justify raising rates
Expect Bank of Japan officials to proceed clearly and cautiously after the summer meltdown
Japanese currency’s rally makes it one of the best performing among G10 group this week
Asian currencies under pressure following US election
