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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