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Top related persons:
Aninda Mitra - 5 Shunichi Suzuki - 3 Ray Attrill - 3 Alun John - 2 I'm - 2 Rae Wee - 2 Shri Navaratnam - 2 Kim Kyung - 1
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Search resuls for: "Aninda Mitra"


10 mentions found


☆ Yen intervention a hard sell even as 150 to the dollar 'red line' beckons
  + stars: | 2023-09-29 | by ( Kevin Buckland | ) www.reuters.com   time to read: +6 min
But, Japanese authorities could find propping up their currency both difficult to achieve and hard to justify. To make even a ripple in the $5 trillion currency market, the BOJ would need to draw down massive amounts of dollar reserves. Wakabayashi, like many other analysts and investors, considers the 150 yen per dollar level a red line for currency intervention, not least because of its significance as a symbol of climbing costs of living from imported food and fuel. INTERVENTION IMMINENTThe yen careened to a 32-year trough at 151.94 last October before being reined in by several bouts of heavy intervention, the first by Japanese authorities in a generation. Measures of expected market volatility remain subdued.
Persons: Kim Kyung, Bank of Japan's hesitancy, Kazuo Ueda, You've, they're, Bart Wakabayashi, Fumio Kishida, Shunichi Suzuki, Masayuki Kichikawa, Ray Attrill, Janet Yellen, Aninda Mitra, Mitra, Kevin Buckland, Alun John, Vidya Ranganathan, Simon Cameron, Moore Organizations: National Printing Bureau, Bank of Japan, REUTERS, Rights, Bank of Japan's, U.S . Federal Reserve, U.S, Treasury, Fed, State Street Bank, Trust, Finance, Sumitomo Mitsui DS Asset Management, Ministry of Finance, National Australia Bank, BNY Mellon Investment Management, Thomson Locations: Tokyo, Japan, U.S, Washington, Asia, London
☆ Yen treads on intervention zone; kiwi, Aussie dollars hit by China woes
  + stars: | 2023-08-16 | by ( ) www.cnbc.com   time to read: +3 min
The China gloom saw the Australian and New Zealand dollars, often used as liquid proxies for the yuan, tumbling to their lowest levels since November in early Asia trade. The Aussie bottomed at $0.6440, while the kiwi slid to a low of $0.5939, ahead of a rate decision by the Reserve Bank of New Zealand later on Wednesday. "But where we are at the moment, I think the jawboning will continue but I'm not convinced that we'll see intervention." The greenback predictably rode Treasury yields higher, with the dollar index eking out a slight gain to 103.22. The euro was little changed at $1.0902, while sterling dipped 0.05% to $1.2696, ahead of U.K. inflation data due later on Wednesday.
Persons: Aninda Mitra, Shunichi Suzuki, Ray Attrill, I'm Organizations: New, Reserve Bank of New, People's Bank of, BNY Mellon Investment Management, Finance, National Australia Bank, Federal Reserve, Treasury Locations: Asia, Beijing, China, New Zealand, Reserve Bank of New Zealand, People's Bank of China, Japan
☆ Yen treads on intervention zone; kiwi, Aussie dlrs hit by China woes
  + stars: | 2023-08-16 | by ( Rae Wee | ) www.reuters.com   time to read: +3 min
Banknotes of Japanese yen are seen in this illustration picture taken September 22, 2022. The Aussie bottomed at $0.6440, while the kiwi slid to a low of $0.5939, ahead of a rate decision by the Reserve Bank of New Zealand later on Wednesday. "But where we are at the moment, I think the jawboning will continue but I'm not convinced that we'll see intervention." The greenback predictably rode Treasury yields higher, with the dollar index ekeing out a slight gain to 103.22. The euro was little changed at $1.0902, while sterling dipped 0.05% to $1.2696, ahead of UK inflation data due later on Wednesday.
Persons: Florence Lo, Aninda Mitra, Shunichi Suzuki, Ray Attrill, I'm, Rae Wee, Shri Navaratnam Organizations: REUTERS, Rights, New, Reserve Bank of New, People's Bank of, BNY Mellon Investment Management, Finance, National Australia Bank, Federal Reserve, Treasury, Thomson Locations: Asia, Beijing, China, New Zealand, Reserve Bank of New Zealand, People's Bank of China, Japan
☆ Expect long-term structural measures to stimulate the Chinese economy
  + stars: | 2023-08-04 | by ( ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailExpect long-term structural measures at the Politburo meeting to stimulate the Chinese economyAninda Mitra of BNY Mellon Investment Management says the firm currently has a 'neutral' position on the Chinese market as the valuation is too cheap to short, but fundamental drivers are too weak to go long.
Persons: Aninda Mitra Organizations: BNY Mellon Investment Management
☆ Yuan jumps as Beijing vows to boost economy; euro and pound stem losses
  + stars: | 2023-07-25 | by ( Rae Wee Alun John | Rae Wee | Alun John | ) www.reuters.com   time to read: +3 min
The yuan firmed by more than 0.5% in both the onshore and offshore markets as investors cheered comments at the closely watched Politburo meeting, though many were still seeking specific details on greater stimulus measures. The yuan traded offshore was last at 7.1444 per dollar and in the onshore market it was at 7.1454 per dollar. Also propping up the yuan were China's major state-owned banks selling U.S. dollars to buy yuan in both onshore and offshore spot markets on Tuesday, sources told Reuters. The positive sentiment from China lifted the Australian dollar, often used as a liquid proxy for the yuan, which rose 0.4% to $0.6767. In Europe, the pound rose 0.22% to $1.2854, its first day of gains after seven straight sessions of losses, its longest such streak since March 2020.
Persons: Tommy Xie, Guillermo Felices, Ueda, Aninda Mitra, Rae Wee, Alun John, Shri Navaratnam, Lincoln, Christina Fincher Organizations: Reuters, European Central Bank, Federal Reserve, Bank of Japan, BNY Mellon Investment Management, Thomson Locations: SINGAPORE, LONDON, China, Europe, Asia, Singapore, London
☆ 'Big money never buys cheap': Why investors are waiting on Japan
  + stars: | 2023-05-18 | by ( Summer Zhen | ) www.reuters.com   time to read: +5 min
Yet for many, the lofty milestones are a reminder that Japan's stocks have gone sideways for years, making many foreign asset allocators reluctant to venture into the market. "A very significant inflow from global investors (followed)," Powell said, "but then unfortunately, a lot of the enthusiasm has dissipated." Swiss wealth manager Union Bancaire Privée is also underweight Japan, with the policy outlook presenting currency risks. BIG MONEY WAITINGThe policy and communication challenge for new BOJ governor Kazuo Ueda is a tricky one. "Big money never buys cheap, it buys momentum."
☆ Analysis: 'Big money never buys cheap': Why investors are waiting on Japan
  + stars: | 2023-05-18 | by ( Summer Zhen | ) www.reuters.com   time to read: +5 min
Yet for many, the lofty milestones are a reminder that Japan's stocks have gone sideways for years, making many foreign asset allocators reluctant to venture into the market. "A very significant inflow from global investors (followed)," Powell said, "but then unfortunately, a lot of the enthusiasm has dissipated." Swiss wealth manager Union Bancaire Privée is also underweight Japan, with the policy outlook presenting currency risks. BIG MONEY WAITINGThe policy and communication challenge for new BOJ governor Kazuo Ueda is a tricky one. "Big money never buys cheap, it buys momentum."
☆ Significant tightening of financial conditions in the months ahead, strategist says
  + stars: | 2023-04-17 | by ( ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailSignificant tightening of financial conditions in the months ahead, strategist saysAninda Mitra of BNY Mellon Investment Management says "there's no costless way of reducing inflation."
☆ Stocks and gold cheer U.S. inflation picture, while dollar slides
  + stars: | 2023-04-13 | by ( Amanda Cooper | ) www.reuters.com   time to read: +5 min
[1/2] The German share price index DAX graph is pictured at the stock exchange in Frankfurt, Germany, March 10, 2023. The annual 5% headline rise for U.S. inflation was the smallest since May 2021 and down from 9.1% last June. The dollar index was down 0.2%, near its lowest in two months, while U.S. stock futures , rose 0.1-0.2%, suggesting a modest rally at the open. The Aussie dollar rose 0.6% on the back of surprise surges in both Chinese exports, which rose 14.8% compared with last March, and domestic Australian jobs. Alibaba shares (9988.HK) fell by as much as 5% at one stage, but later pared losses to close 2% lower.
☆ The BoJ doesn't want to deliver a 'rate shock' to the economy: Investment management firm
  + stars: | 2023-01-18 | by ( ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailThe BoJ doesn't want to deliver a 'rate shock' to the economy: Investment management firmAninda Mitra of BNY Mellon Investment Management says the Bank of Japan has "begun to shift in a direction … where the destination is quite clear."
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