USD/JPY, EUR/JPY flows: A compelling argument for the BoJ to surprise with aggressive Operation Twist

May 20, 2026 8:53 AM UTC

Argument that the current BoJ mix is not being rewarded. Indeed, its being punished as trilemma narrative takes hold
A riff on 'Operation Twist' offers a strong way forward - hike policy rates while reduce the aggressive taper
Could actually be both macro supportive and market savvy
Best version of the

USD, JPY, EUR flows: Focus on US/Iran deal

May 7, 2026 6:24 AM UTC

Markets await Iran's response to teh US proposal to end hostilities. Market risks may be skewed towards a risk negative response after the moves of the last few days priced in a positive outcome

USD flows: Mild USD bid as US and Iran skirmish

May 5, 2026 6:45 AM UTC

USD seeing modest bid as US and Iran skirmish with AUD slipping lower

USD flows: USD lower on Greenland

January 19, 2026 8:07 AM UTC

Greenland furore underminign equities and weakening the USD. EUR and CHF best performers so far but JPY preferred

JPY flows: JPY firmer on intervention threat

January 16, 2026 7:54 AM UTC

JPY firmer as Finance Minister Katayama suggests joint US/Japan intervention is possible

JPY flows: New JPY lows as market continues to trade election expectations

January 13, 2026 7:56 AM UTC

The JPY has hit a new all time low against the EUR and new one year low against the USD as markets price in more fiscal easing. The rationale for the JPY decline is weak, but the momentum is strong. Intervention looks necessary to halt the decline. 

USD, JPY flows: USD softer on Powell/Trump rift, JPY still weak

January 12, 2026 8:13 AM UTC

The USD is softer overnight as Powell reveals threats of criminal indictment. JPY still weak as Japan snap election anticipated

JPY flows: New one year high in USD/JPY

January 9, 2026 3:23 PM UTC

JPY weakness continues to break records. Intervention likely necessary to turn the trend

USD, GBP flows: USD firmer, GBP risks on the downside

January 5, 2026 7:42 AM UTC

USD firmer on Venezuela. ISM the main data. GBP firm but risks on the downside.

EUR, USD, JPY, GBP, AUD, CAD flows: Early risk positive tone, JPY remains soft

January 2, 2026 7:51 AM UTC

Likely to be a quiet Friday with holidays extended. Mild risk positive tone with JPY still weak

EUR/JPY, EUR/CAD flows: EUR up and 2026 Depends on Hedging

December 31, 2025 4:19 PM UTC

The EUR has gained across the board this afternoon, helped by year end flows in thin markets.

JPY flows: New all time high in EUR/JPY

December 18, 2025 7:54 AM UTC

JPY weakness extends with little rationale

EUR, JPY flows: EUR softer after weaker German PMI

December 16, 2025 8:37 AM UTC

EUR slips a little after weaker German PMI, EUR/JPY vulnerable

JPY flows: Another new high in EUR/JPY - looks unsustainable

December 12, 2025 10:33 AM UTC

EUR/JPY hits another new high as S&P 500 also hits new high.

NOK, SEK, JPY flows: SEK still firm after GDP decline, JPY weakness continues

December 10, 2025 7:51 AM UTC

SEK still strong despite drop in October GDP. JPY weakness continues, intervention likely necessary soon.

JPY, GBP flows: JPY under pressure, GBP/JPY to 17 year highs

December 9, 2025 8:16 AM UTC

JPY under pressure, risks of intervention rising, GBP/JPY hits new 17 year high.

EUR flows: German orders and French output data EUR supportive, but...

December 5, 2025 7:57 AM UTC

EUR firm in early trade after better German and French data, but underlying picture suggests downside risks on the crosses

USD, JPY, AUD, EUR flows: JPY reverses Monday's gains, USD generally firmer

December 2, 2025 7:53 AM UTC

JPY reverses Monday's gains, AUD the best of the riskier currencies

JPY flows: JPY firmer after Ueda as equities dip

December 1, 2025 7:49 AM UTC

USD/JPY dips after Ueda comments helped by weaker equities

EUR, AUD, JPY flows: Quiet markets but EUR may be vulnerable on the crosses

November 28, 2025 7:30 AM UTC

German retail sales a touch softer, some downside risks for the EUR on the crosses

USD, AUD, NZD, JPY, GBP flows: Risk positive moves overnight, JPY weak, GBP a focus today

November 26, 2025 8:22 AM UTC

NZD and AUD gain on RBNZ, higher Australian CPI and risk positive market tone. JPY weakness on the crosses looks overdone. GBP in focus ahead of UK Budget

USD/JPY flows: Conflict with China Persists

November 19, 2025 5:25 AM UTC

China intends to renew a ban on Japanese seafood imports