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☆ Japanese yen hits fresh 34-year low despite verbal intervention from authorities
▼ + stars: | 2024-04-25 | by ( Shreyashi Sanyal | ) www.cnbc.com time to read: +2 min

In this article JPY= Follow your favorite stocks CREATE FREE ACCOUNTThe Japan flag is juxtaposed against a Japanese yen bank note. Javier Ghersi | Moment | Getty ImagesThe yen slipped past 155 against the U.S. dollar on Thursday, touching a new 34-year low against continued strength in the greenback. The weakness comes as the Bank of Japan is due to release its monetary policy decision Friday and in spite of verbal warnings from Japanese authorities. Some market watchers had speculated that the 155 level would prompt intervention after the currency languished at multi-decade lows for a month. The yen has weakened 4.2% since the BOJ's March meeting, worrying Japanese authorities and investors.

Persons: Javier Ghersi, Shusuke Yamada, Jerome Powell, Appio Organizations: U.S, Bank of Japan, BofA Securities, Federal, First Eagle Investments, CNBC, Korean Locations: Japan, South Korea

☆ The Bank of Japan's safety margins are shrinking: BofA
▼ + stars: | 2023-10-31 | 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 Bank of Japan's safety margins are shrinking: BofAShusuke Yamada, the chief of Japan FX at Bank of America, says that the Bank of Japan needs more evidence to judge inflation.

Persons: Shusuke Yamada Organizations: Japan FX, Bank of America, Bank of Japan Locations: Japan

☆ Bank of America discusses the Bank of Japan's yield curve control tweak
▼ + stars: | 2023-07-31 | 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 EmailBank of America discusses the Bank of Japan's yield curve control tweakShusuke Yamada, Bank of America's chief Japan foreign exchange and rates strategist, explains why the central bank's move last week was "a bit surprising."

Persons: Shusuke Yamada Organizations: Email Bank of America, Bank of, Bank of America's Locations: Japan

☆ FOREX Dollar gains after Fed minutes reinforce rate hike expectations
▼ + stars: | 2023-07-05 | by ( Herbert Lash | ) www.reuters.com time to read: +3 min

Fed funds futures showed expectations of a 25 basis point hike at the end of a two-day policy meeting on July 26 rose to 88.7%, according to CME Group's FedWatch Tool. The dollar index , which measures the U.S. currency against a basket of six others, including the euro and Japan's yen, rose 0.262% . The Fed will likely increase rates in July after the hawkish pause last month baring any surprises, said Jeffrey Roach, chief economist for LPL Financial. The dollar rose to around 144.48 yen, but was still below the 145 threshold that prompted intervention by Japanese authorities last autumn. The dollar-yen rate has broadly moved in sync with the U.S. 10-year Treasury yield , which rose to 3.9375% after the Fed minutes were released.

Persons: Dado Ruvic, baring, Jeffrey Roach, Roach, Joe Manimbo, Shusuke Yamada, Herbert Lash, Amanda Cooper, Kevin Buckland, Marguerita Choy, Mark Heinrich Our Organizations: REUTERS, U.S, Federal, LPL Financial, Labor Department, Treasury, Bank of America, Ministry, Finance, People's Bank of China, Thomson Locations: U.S, Washington, Tokyo, Beijing, London

☆ Dollar steady before Fed minutes; yen hovers below 145-mark
▼ + stars: | 2023-07-05 | by ( Herbert Lash | ) www.reuters.com time to read: +3 min

[1/2] FILE PHOTO-U.S. Dollar banknotes are seen in this illustration taken July 17, 2022. The Federal Open Market Committee is due to release the minutes from its most recent policy meeting at 1400 EDT (1800 GMT). "Of course, another barometer for what the Fed does will be the jobs report on Friday," he said. The dollar hovered around 144.165 yen, below the 145 threshold that prompted intervention by Japanese authorities last autumn. The Australian dollar fell 0.1% to $0.6683, on course to snap a four-day streak of gains.

Persons: Dado Ruvic, Joe Manimbo, Manimbo, Shusuke Yamada, Herbert Lash, Amanda Cooper, Kevin Buckland, Shri Navaratnam, Helen Popper, Mark Heinrich Our Organizations: REUTERS, U.S, Federal, Fed, Treasury, Independence, Bank of America, Ministry, Finance, People's Bank of China, Thomson Locations: Washington, U.S, Tokyo, Beijing, London

☆ Dollar steady before Fed minutes; yen hovers near 145-mark
▼ + stars: | 2023-07-05 | by ( Amanda Cooper | ) www.reuters.com time to read: +3 min

The Federal Open Market Committee is due to release the minutes from its most recent policy meeting later on Wednesday. Investors will scour the minutes for any indications of Fed thinking, but Friday's monthly employment report will almost certainly carry more weight, analysts said. The dollar hovered around 144.3 yen, below the 145 level that prompted intervention by Japanese authorities last autumn. "However more broadly, it will provide support ... on expectations of an imminent policy response from Chinese authorities." The yuan headed for its first down day in four sessions in the offshore market, slipping 0.3% to 7.255 per dollar .

Persons: Adam Cole, Shusuke Yamada, RBC's Cole, it's, Tony Sycamore, Kevin Buckland, Shri Navaratnam, Helen Popper, Mark Heinrich Our Organizations: U.S, Federal, Fed, RBC, Treasury, Bank of America, Ministry, Finance, People's Bank of China, IG, Thomson Locations: synch, Tokyo, Beijing, Sydney

☆ Dollar steady before Fed minutes; Aussie slips on China weakness
▼ + stars: | 2023-07-05 | by ( Kevin Buckland | ) www.reuters.com time to read: +2 min

The dollar hovered around 144.62 yen, below the 145 level that spurred intervention by Japanese authorities last autumn. Australia's dollar declined 0.24% to $0.6676, putting it on course to snap a four-day winning streak. Prior to the Chinese services data, the Aussie had been slightly stronger following another stronger yuan fixing from the People's Bank of China, fueling bets for imminent policy support from Beijing. "This (services data) provides further confirmation that the Chinese economy is slipping towards a double-dip slowdown," Tony Sycamore, a markets analyst at IG in Sydney, wrote in a client note. The yuan headed for its first down day in four sessions in the offshore market, slipping 0.13% to 7.2425 per dollar .

Persons: Europe's, Shusuke Yamada, Tony Sycamore, it's, Kevin Buckland, Shri Navaratnam Organizations: U.S, Federal, Treasury, Bank of America, Ministry, Finance, People's Bank of China, IG, Thomson Locations: TOKYO, Tokyo, Beijing, Sydney

☆ Dollar steady before Fed minutes; yen hovers below intervention zone
▼ + stars: | 2023-07-05 | by ( Kevin Buckland | ) www.reuters.com time to read: +2 min

The dollar index - which measures the currency against a basket of six major peers, including the euro and yen - was little changed at 103.02, after tracking between 103.75 and 102.75 since early June. Europe's shared currency edged 0.1% higher to $1.0886, recouping some of its 0.34% overnight decline. The dollar hovered about half a yen below the 145 level that spurred intervention by Japanese authorities last autumn, after last week briefly popping as high as 145.07 for the first time since November. Australia's dollar was flat at $0.6690, holding on to the previous day's 0.32% advance. The yuan was little changed at 7.231 per dollar in offshore trading , following a 0.3% rise on Tuesday as it continued its rebound from last week's eight-month low of 7.2857.

Persons: Europe's, Shusuke Yamada, Kevin Buckland, Shri Navaratnam Organizations: Federal, Treasury, Bank of America, Ministry, Finance, Aussie, Reserve Bank of Australia, Thomson Locations: TOKYO, Tokyo, Beijing

☆ Dollar steady before Fed minutes, yen hovers below intervention zone
▼ + stars: | 2023-07-05 | by ( ) www.cnbc.com time to read: +2 min

United States one dollar bills are curled and inspected during production at the Bureau of Engraving and Printing in Washington. The dollar index, which measures the currency against a basket of six major peers, including the euro and yen, was little changed at 103.02, after tracking between 103.75 and 102.75 since early June. The dollar hovered about half a yen below the 145 level that spurred intervention by Japanese authorities last autumn, after last week briefly popping as high as 145.07 for the first time since November. Australia's dollar was flat at $0.6690, holding on to the previous day's 0.32% advance. The yuan was little changed at 7.231 per dollar in offshore trading, following a 0.3% rise on Tuesday as it continued its rebound from last week's eight-month low of 7.2857.

Persons: Europe's, Shusuke Yamada Organizations: Engraving, Federal, Treasury, Bank of America, Ministry, Finance, Aussie, Reserve Bank of Australia Locations: United, Washington, Tokyo, Beijing

LONDON/TOKYO, May 31 (Reuters) - The U.S. dollar rose strongly on Wednesday to a more than two-month high after data showed European inflation is cooling quicker than expected and China's recovery is sputtering. That helped the dollar index , which measures the greenback against six major peers, climb to 104.63, its highest since March 16. Data on Wednesday showed inflation in France and some of Germany's biggest states is slowing quickly. Euro zone-wide inflation data is due out tomorrow. "European inflation is rolling back now and you're taking back some of the previously anticipated hikes from the ECB," said Carl Hammer, chief strategist at European bank SEB.

Persons: Carl Hammer, SEB, Hammer, Shusuke Yamada, Bart Wakabayashi, Sterling, Tayyip Erdogan, Harry Robertson, Kevin Buckland, Mark Potter, Helen Popper Our Organizations: U.S, Analysts, European Central Bank, ECB, U.S ., Bank of America, State, Thomson Locations: TOKYO, France, U.S, China, COVID, Tokyo

Japanese yen and U.S. dollar banknotes are seen with a currency exchange rate graph in this illustration picture taken June 16, 2022. "Japanese households have a thousand trillion in yen deposits. As of June, households had 1,102 trillion yen ($7.7 trillion) in cash and deposits, while private non-financial companies had 325 trillion yen. "There is a risk of what I call capital flight by Japanese households," said Tohru Sasaki, head of Japan markets research at J.P. Morgan Securities in Tokyo. In January 2006, when spreads between U.S. and Japan were at their widest at roughly 440 bps, Japanese households had 1,631 trillion yen of assets.

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