The yen strengthened against the dollar and other currencies in early Asian trading. The Federal Reserve and the Bank of Japan will both hold monetary policy meetings this week, and if the market focuses on monetary policy convergence between the two, the dollar could fall to a year-to-date low below 140.00 against the yen, the team said in a research note. While the Bank of Japan is expected to keep policy unchanged this week, the bank's governor, Kazuo Ueda, may leave the door open for another...
Hedge funds have turned bullish on the yen for the first time since 2021 after sharp swings in foreign exchange markets led to a surge in a popular yen trade. According to the latest data from the U.S. Commodity Futures Trading Commission (CFTC) for the week ended Aug. 13, leveraged funds held about $7 million worth of 86 contracts betting that the yen would appreciate, and speculators were generally bracing for a rise in the yen, marking a sharp shift from the extremely negative sentiment that ...
Hedge funds turned bullish on the yen for the first time since 2021, after big swings in the foreign exchange market led to a surge in a popular yen trade. Leveraged funds held 86 contracts worth about $7 million betting that the yen would appreciate, according to the latest data from the U.S. Commodity Futures Trading Commission (CFTC) for the week ended Aug. 13, and speculators in general were bracing for a rise in the yen, marking a sharp shift from the extremely negative sentiment traders ha...
The yen fell 0.3% to 107.92 against the Australian dollar, its lowest level since 1991.
On June 24th, according to the analysis of Informa Global Markets, the USD/JPY fell by about 100 points in a few minutes, hitting a new low of 158.82 for the day, before rebounding and retracting the loss of about 50% in an instant. Before this, the head of foreign exchange at the Japanese Ministry of Finance, Makoto Kanda, warned that Japan is ready to intervene at any time; Finance Minister Shunichi Suzuki said that if necessary, he will take appropriate measures against excessive foreign exch...
The US and Japan have reached a 34 year high, and the actual intervention warning has been sounded. Currently, the Japanese yen dam has been breached, but it may not have breached yet. Is the bottom line at level 152& Gt& Gt;