USD/JPY-Commentary

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October 22, 2024

JPY flows: JPY weakness extends
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October 22, 2024 6:41 AM UTC

More post August highs for USD/JPY as US yield rise continues. Short term JPY weakness hard to oppose while US equity sentiment holds firm, but longer term levels are overstretched

USD/JPY flows: No comment on fx level
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October 22, 2024 4:53 AM UTC

Japan deputy chief cabinet secretary says no comment on FX level

USD/JPY flows: No Jawboning yet
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October 22, 2024 12:46 AM UTC

USD/JPY stayed above the 150 figure

October 21, 2024

USD/JPY flows: Kept in check
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October 21, 2024 1:05 AM UTC

USD/JPY start the week choppy

October 18, 2024

USD flows: USD a little softer after housing starts
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October 18, 2024 12:48 PM UTC

USD dips slightly after housing starts. EUR/USD still looks biased lower but USD/JPY stretched near 150.

USD/JPY flows: Jawboning surfaces
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October 18, 2024 5:02 AM UTC

Mimura, the vice finance minister for Japan says recent yen moves are rapid and one sided

USD/JPY flows: September CPI Moderates
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October 18, 2024 1:00 AM UTC

Japan September National Headline CPI +2.5% y/y 

October 17, 2024

USD flows: USD firmer on US data
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October 17, 2024 12:44 PM UTC

USD/jpy breaks above 150 for the first time since July

USD/JPY flows: September Trade Data misses
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October 17, 2024 1:56 AM UTC

Japan September exports -1.7% y/y (expected +0.5%) & imports +2.1% (expected +3.2%)

October 15, 2024

USD/JPY flows: Pausing before 150
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October 15, 2024 2:19 AM UTC

USD paused before 150

October 14, 2024

USD/JPY flows: PM Ishida Walking Back
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October 14, 2024 4:03 AM UTC

Japanese Prime Minister Ishiba says will not intervene in BOJ monetary policy

October 11, 2024

USD/JPY flows: Slow Start after CPI
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October 11, 2024 1:32 AM UTC

Slow Start for the FX market on Friday's Asia session

October 10, 2024

USD flows: USD falls despite stronger CPI
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October 10, 2024 12:43 PM UTC

US CPI strogner than expected but offset by higher initial claims

NOK, SEK, JPY, EUR flows: NOK dips marginally on CPI, USD firm
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October 10, 2024 6:48 AM UTC

Norwegian CPI weaker than expected, but reaction is mild USD remains strong against EUR and JPY

USD/JPY flows: PPI Higher
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October 10, 2024 2:27 AM UTC

Japan September PPI 0.0% m/m (expected -0.3%) and +2.8% y/y (expected +2.3%)

October 09, 2024

USD, JPY, EUR flows: USD firm, JPY weakness extends
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October 9, 2024 1:46 PM UTC

USD strength and JPY weakness extends. Echoes of early summer and more JPY wekanes looks likely unless we see weaker US CPI data

USD/JPY flows: USD Broadly higher
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October 9, 2024 5:14 AM UTC

USD is trading broadly higher against majors

October 08, 2024

AUD, JPY, NOK, SEK flows: AUD slips with Chinese equities
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October 8, 2024 6:45 AM UTC

AUD lower as Chinese equities reverse recent gains after Golden Week. JPY edging higher, SEK to come under pressure.

USD/JPY flows: Holding on to 148
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October 8, 2024 4:46 AM UTC

Japan economy minister Akazawa says drop in real wages is not good news

USD/JPY flows: Consumption looks to be improving
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October 8, 2024 12:11 AM UTC

Japan labor cash earnings +3.0% y/y in August 
Japan Overall Household spending +2.0% m/m

October 07, 2024

EUR, USD, JPY flows: USD stays firm, EUR vulnerable
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October 7, 2024 6:57 AM UTC

USD stays firm after strong employment data. EUR vulnerable as spreads move in USD's favour. 

USD/JPY flows: Verbal Intervention resurfaces
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October 7, 2024 5:23 AM UTC

Japan's yen intervention official says will monitor FX including speculative movement
Japan finance minister Kato says there are pros and cons to the weak yen

USD/JPY flows: Reversed Early Gains
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October 7, 2024 3:12 AM UTC

USD/JPY rose above 190 in early Asia
But have since reversed as U.S. Treasury Yields retraced more than JGB yields

October 04, 2024

USD flows: USD surges on strong employment report
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October 4, 2024 12:52 PM UTC

USD sharply higher on unambiguously strong US employment report

USD, JPY flows: JPY firmer o/n helped by Ishiba comments
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October 4, 2024 6:37 AM UTC

JPY recovers helped by Ishiba announcing economic package to escape deflation, but quiet market likely ahead of the US employment report.

October 03, 2024

JPY flows: JPY weakness extends
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October 3, 2024 6:49 AM UTC

JPY weakness extends on dovish comments from Ishiba against background of better regional risk sentiment

October 02, 2024

USD, CHF, JPY flows: USD firm after better ADP
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October 2, 2024 1:17 PM UTC

USD generally higher but JPY seeing largest move as risk sentiment recovers (at least in FX trading)

JPY flows: Ueda comments support JPY range trading
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October 2, 2024 7:14 AM UTC

Ueda indicates markets are still unstable, suggesting no monetary policy tighening is imminent, but emphasises the significance of FX moves

USD, JPY, CHF flows: Safe havens firm on Middle East tension
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October 2, 2024 6:48 AM UTC

Safe havens remainign strong as Middle East tension rises. Oil price move thus far is modest, but fears of escalation remain. JPY the best value of the safe havens.

October 01, 2024

USD, JPY flows: USD gains, JPY soft after Powell, Mimura comments
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October 1, 2024 6:29 AM UTC

USD generally firm as Powell sounds less dovish. JPY stays weak as market remains sceptical of BoJ tightening despite more JPY positive comments from new head currency diplomat Mimura.

September 27, 2024

USD flows: USD slips lower on softer PCE price data
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September 27, 2024 1:19 PM UTC

USD generally softer after PCE price index rises only 0.1% in August. AUD and JPY favoured

JPY flows: JPY rises sharply in early Europe
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September 27, 2024 6:56 AM UTC

USD/JPY falls 3 big figures in early Europe. Wires are attributing the move to the result of the Japanese LDP leadership election, although it looks like a move that might have been triggered by intervention. Either way, it breaks the JPY downtrend of the last two weeks, but further action may be ne

USD/JPY flows: JPY Weakness Continue
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September 27, 2024 5:11 AM UTC

Japan LDP begins vote for leadership election

USD/JPY flows: September Tokyo CPI Tread Lower
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September 27, 2024 1:10 AM UTC

Tokyo area September Headline inflation2.2% y/y

September 26, 2024

USD, AUD, JPY, CHF flows: US data maintains positive risk sentiment
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September 26, 2024 1:10 PM UTC

Lower initial claims and better core durable goods orders keep the USD and risky currencies on the front foot

JPY, CHF, GBP flows: JPY weakness getting stretched
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September 26, 2024 11:46 AM UTC

JPY weakness has extended again today, but recent run of losses is getting overdone

JPY, CHF, NOK flows: Risk sentiment improved o/n but NOK lags
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September 26, 2024 6:45 AM UTC

More Chinese equity gains on reports of Chinese injection of capital into banks. JPY weak, most risky currencies better, but NOK under pressure. CHF a focus on SNB meeting today

USD/JPY flows: BoJ July Minutes Suggest more tightening
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September 26, 2024 12:30 AM UTC

BOJ July minutes calls for further gradual, but timely, interest rate increases

September 25, 2024

AUD, JPY flows: Mildly corrective risk tone
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September 25, 2024 6:45 AM UTC

Some correction seen in recent risk positive moves as equities edge lower

USD/JPY flows: Service PPI higher
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September 25, 2024 3:40 AM UTC

Japan August services PPI 2.7% y/y vs. 2.6% expected

September 24, 2024

JPY, AUD, EUR flows: USD firm early in Europe, AUD has upside potential
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September 24, 2024 6:56 AM UTC

USD positive and risk positive tone as China eases. AUD has upside scope

USD/JPY flows: Looks set for another leg
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September 24, 2024 2:52 AM UTC

Japan Jibun preliminary Sep PMIs: Manufacturing 49.6 (prior 49.8) Services 53.9 (53.7)

September 23, 2024

USD flows: USD up on PMIs
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September 23, 2024 1:55 PM UTC

USD firms as US PMI compares positively to Europe

USD/JPY flows: Challenging Friday's High
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September 23, 2024 5:45 AM UTC

Japan's vice finance minister for international affairs Atsushi Mimura said "always watching" yen carry trade

USD/JPY flows: Starting the week higher
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September 23, 2024 1:01 AM UTC

USD/JPY higher in the early Asia hours on Monday

September 20, 2024

JPY flows: JPY weakens on Ueda comments
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September 20, 2024 7:12 AM UTC

USD/JPY has risen a figure in response to the Ueda press conference. While Ueda retained his longer temr hawkish stance, his comments suggested there was no hurry to raise rates

USD/JPY flows: August CPI Headline at 3%
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September 20, 2024 5:37 AM UTC

Japan August CPI Headline +3.0% y/y (vs. 3.0% expected)

USD/JPY flows: BoJ Kept Rates Unchanged
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September 20, 2024 3:05 AM UTC

BoJ Kept Rates Unchanged at 0.25%

September 19, 2024

USD, JPY flows: JPY weakness the main FX impact of the 50bp Fed cut
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September 19, 2024 6:59 AM UTC

USD/JPY was higher after the Fed rate cut, with US yields and equities both rising. Other currencies were little changed against the USD

USD/JPY flows: Partial early gains erased
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September 19, 2024 5:03 AM UTC

USD/JPY retreats from early high