NEW YORK, April 26 (Reuters) – As U.S. inflation worries grow, some investors are preparing for the 10-year U.S. Treasury yield to breach a 16-year high of 5% hit last October.
Investors brace for 5% Treasury yields as US inflation worries mount
What is foreign exchange intervention? Who decides and conducts foreign exchange intervention?
https://www.boj.or.jp/en/about/education/oshiete/intl/g19.htm
In Japan, foreign exchange intervention is to be carried out under the authority of the Minister of Finance. As stipulated in the Act on Special Accounts and the Bank of Japan Act, the Bank conducts foreign exchange interventions on behalf of and at the instruction of the minister.
All I say about that is that one better be well connected with appropriate entities if one is to make out like a bandit.
Otherwise: good luck
Japan really is in a tough position with how to address the economy. It seems as if there is almost no direction to turn be it rates, bonds or whatever. They may be behind the curve in terms of raising rates but the economic condition is such that it is not warranted. It isn’t overheating. And anything they do or do not do will affect Tokyo stocks and the rest. Other issues abound, including global signs of slowing. Perhaps delay another rate increase until next meeting. The effect will be temporary but – The only thing that makes sense to me is Yen intervention.
April 26 (Reuters) – A look at the day ahead in Asian markets.
Asia’s market spotlight on Friday falls on the Bank of Japan’s policy announcement, as the cat-and-mouse game of when or if Tokyo intervenes in the currency market continues, and investors digest the latest U.S. mega tech earnings reports.
What is foreign exchange intervention? Who decides and conducts foreign exchange intervention?
https://www.boj.or.jp/en/about/education/oshiete/intl/g19.htm
In Japan, foreign exchange intervention is to be carried out under the authority of the Minister of Finance. As stipulated in the Act on Special Accounts and the Bank of Japan Act, the Bank conducts foreign exchange interventions on behalf of and at the instruction of the minister.
All I say about that is that one better be well connected with appropriate entities if one is to make out like a bandit.
Otherwise: good luck
History of Japan’s intervention in currency markets
By Reuters
https://www.reuters.com/markets/currencies/history-japans-intervention-currency-markets-2024-03-28/
Economic Data Calendar Friday
After weeks of so many speculations and questions: “ Is BoJ going to intervene and where “ we got a simple answer – NO
Even if Boj did some undercover work and used lots of senseless blubber, the market did not flinch.
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