BOJ’s Kuroda cautions that recent yen moves have been ‘somewhat rapid’
By Leika Kihara TOKYO (Reuters) -Bank of Japan Governor (BOJ) Haruhiko Kuroda said on Tuesday the yen’s recent moves were “somewhat rapid,” joining a chorus of policymakers who have warned that sharp falls in the currency could hurt the country’s import-reliant economy. But Kuroda also repeated his view that a weak yen benefits…
Japan has little to cheer on weak yen, says former currency diplomat Furusawa
By Leika Kihara and Yoshifumi Takemoto TOKYO (Reuters) – Japan has little to cheer about a weak yen, which reflects its deteriorating economic fundamentals and trade deficit, the country’s former top currency diplomat Mitsuhiro Furusawa said. But monetary policy is not the right tool to curb yen falls, Furusawa said, brushing aside speculation…
Improved risk sentiment and high commodity prices help Aussie, hurt yen
By Alun John HONG KONG (Reuters) – The Australian dollar marched higher and the Japanese yen continued its slide on Wednesday, as markets turned more positive on riskier assets and high commodity prices drove developments. The Australian dollar hit its highest level since December 2015 versus the yen, having gained 8% in March…
Daily Outlook for 23rd March 2022
Daily Outlook for 23rd March 2022
Daily Outlook for 22th March 2022
Daily Outlook for 22th March 2022
Asia in cautious mood, yen near six-year low
By Wayne Cole SYDNEY (Reuters) – Asian share markets started the week in a cautious mood on Monday as investors clung to hopes for an eventual peace deal in Ukraine, but the fighting raged on with no sign of stopping. Turkey’s foreign minister said on Sunday that Russia and Ukraine were nearing agreement…
Daily Outlook for 18th March 2022
Daily Outlook for 18th March 2022
Yen left behind as Fed begins hiking
By Tom Westbrook SINGAPORE (Reuters) – The yen was pinned to a six-year low on the dollar and struggled against crosses on Thursday, as a rate hike with a hawkish outlook from the U.S. Federal Reserve underscored just how far the Bank of Japan is likely to lag worldwide policy tightening. The Fed…
Daily Outlook for 17th March 2022
Daily Outlook for 17th March 2022
Fed Liftoff Begins Tomorrow – How to Trade It
By Kathy Lien, Buckle up – the next 24 hours will be a busy one for investors! U.S. retail sales, Canadian inflation, Australian jobs and New Zealand GDP numbers are scheduled for release but the main event will be the Federal Reserve’s monetary policy announcement. Liftoff is coming with the Fed expected to…
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