The dollar’s fall below its most recent trading range and below its five-year moving average suggests the potential for continued weakness. … READ MORE >
Japanese yen
U.S.-Japan yen intervention is imminent
Rate checks by the Bank of Japan and the Fed last week suggest that a broader intervention to prop up the yen and longer-term Treasury yields is imminent. … READ MORE >
Market Minute: Bank of Japan rate normalization demands investor attention
Expected Fed rate cuts and increases by the Bank of Japan will affect the carry trade as investors reassess the use of the yen to finance speculative activity elsewhere. … READ MORE >
Market Minute: Currency politics, capital flows and U.S.-Japanese relations
U.S. Treasury Secretary Scott Bessent and Japanese Finance Minister Katsunobu Kato are set to start a dialogue on currency rates when they meet this week in Washington. Their meeting should capture in vivid fashion the lack of clarity in U.S. trade policy at a time when Japanese decision makers are … … READ MORE >
Market minute: Rates in Europe and Japan signaling a stronger euro and yen
The dollar’s recent five-month appreciation versus the euro appears to have topped out, reversing the dollar’s move toward parity. … READ MORE >
Japan intervenes in the currency market
With the yen in freefall, Japan on Thursday took the unusual step of intervening in currency markets to prop up its value. … READ MORE >
Are we entering an era of central bank intervention in currency markets?
Central banks may be reconsidering their long-held reluctance to intervene in currency markets, notably the Japanese yen. … READ MORE >