Yen weakens as odds of Japan rate hike dim, carry trade back in play

seekingalpha10-03

The yen has been under pressure after dovish remarks from Japan's newly-elected Prime Minister Shigeru Ishiba and central bank policymakers pushed traders to scale back bets of another interest rate ...

Source Link

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/2472641486?lang=en_US&edition=fundamental","thumbnail":"https://static.seekingalpha.com/cdn/s3/uploads/getty_images/1403787611/image_1403787611.jpg","is_english":true,"pubTime":"2024-10-03 16:17","share_image_url":"https://static.laohu8.com/5a36db9d73b4222bc376d24ccc48c8a4","id":"2472641486","market":"nz","top_or_hot":-1,"title":"Yen weakens as odds of Japan rate hike dim, carry trade back in play","media":"seekingalpha","content":"<div>\n<p>The yen has been under pressure after dovish remarks from Japan's newly-elected Prime Minister Shigeru Ishiba and central bank policymakers pushed traders to scale back bets of another interest rate ...</p>\n\n<a href=\"https://seekingalpha.com/news/4155787-yen-japan-stocks-rate-hike-odds-carry-trade\">Source Link</a>\n\n</div>\n","source":"seekingalpha","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Yen weakens as odds of Japan rate hike dim, carry trade back in play</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nYen weakens as odds of Japan rate hike dim, carry trade back in play\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-10-03 16:17 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/news/4155787-yen-japan-stocks-rate-hike-odds-carry-trade><strong>seekingalpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>The yen has been under pressure after dovish remarks from Japan's newly-elected Prime Minister Shigeru Ishiba and central bank policymakers pushed traders to scale back bets of another interest rate ...</p>\n\n<a href=\"https://seekingalpha.com/news/4155787-yen-japan-stocks-rate-hike-odds-carry-trade\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BBJP","symbol_name":"JPMorgan BetaBuilders Japan ETF","start_time":0,"source_url":"https://seekingalpha.com/news/4155787-yen-japan-stocks-rate-hike-odds-carry-trade","article_id":"2472641486","we_media_id":null,"thumbnails":["https://static.seekingalpha.com/cdn/s3/uploads/getty_images/1403787611/image_1403787611.jpg"],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2472641486","pubTimestamp":1727943430,"sourceInfo":{"source_id":"seekingalpha","name":"Seeking Alpha"},"weMediaInfo":null,"summary":"The yen has been under pressure after dovish remarks from Japan's newly-elected Prime Minister Shigeru Ishiba and central bank policymakers pushed traders to scale back bets of another interest rate h","collect":0,"end_time":0,"defaultTopTitle":"seekingalpha.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"BBJP":"JPMorgan BetaBuilders Japan ETF","EWJV":"iShares MSCI Japan Value ETF","JPXN":"iShares JPX-Nikkei 400 ETF","FLJP":"Franklin FTSE Japan ETF","HEWJ":"日本ETF汇率对冲-iShares","DXJ":"日本股利指数ETF-WisdomTree","BK4588":"碎股","BK4585":"ETF&股票定投概念","EWJ":"日本ETF-iShares MSCI","DBJP":"Xtrackers MSCI Japan Hedged Equity ETF","DFJ":"日本小型股股利指数ETF-WisdomTree"},"translate_title":"日本加息可能性减弱，套利交易重新发挥作用，日元走软","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"BBJP":0.9,"DBJP":0.9,"DFJ":0.9,"DXJ":0.9,"EWJ":0.9,"EWJV":0.9,"FLJP":0.9,"HEWJ":0.9,"JPXN":0.9},"content_text":"The yen has been under pressure after dovish remarks from Japan's newly-elected Prime Minister Shigeru Ishiba and central bank policymakers pushed traders to scale back bets of another interest rate hike in the near term.  \"I don't believe we are in an environment that requires an additional rate increase,\" Ishiba said after meeting with Bank of Japan Governor Kazuo Ueda on Wednesday. Ueda said the BOJ would move cautiously on rate hikes. On Thursday, dovish BOJ policymaker Asahi Noguchi said the central bank should patiently maintain loose monetary conditions. To note, he'd opposed July's rate hike as he believed Japan's economy was vulnerable to downside risks.  The yen (USD:JPY) briefly dropped to around 147 against the U.S. dollar overnight, its lowest level in at least a month, but has since recovered to around 146.4. The yen posted its biggest drop in over two years on Wednesday after Ishiba's comments.  The benchmark Nikkei 225 Index (NKY:IND) ended 2% higher on Thursday, a day after it closed down 2.2%. \"It might be too early to completely rule out a December move, but it is now clear that would require a substantial inflation surprise,\" Francesco Pesole, FX strategist at ING, said about the BOJ's next policy decision.  The yen carry trade, which contributed to the global market meltdown in August, is regaining momentum as traders increasingly bet on the currency weakening further. \"It's back on,\" Nick Twidale at ATFX Global Markets told Bloomberg about the carry trade, adding that Ishiba \"is essentially giving us the green light to sell the yen for now.\"","kind":null,"is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.1","shortVersion":"4.29.1","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2472641486"}