Yen-To The Moon - Tiger Brokers Online Investing Community

Like
Comment
Favorite

Cr3ati0n
2022-06-13

Yen

Yen Tumbles to Lowest Since 1998 as Policy Driven Fall Continues

Yen weakens as BOJ lags Federal Reserve’s policy tighteningBOJ steps up defense of easy policy as bo

Yen Tumbles to Lowest Since 1998 as Policy Driven Fall Continues

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.

Report

Comment

Top
Latest

No comments yet

Most Discussed

Terms and Conditions·Privacy Policy

Company: TTMF Limited. Tech supported by Xiangshang Yixin.

Email：uservice@ttm.financial

{"i18n":{"language":"en_US"},"data":{"magic":2,"id":9052908251,"tweetId":"9052908251","gmtCreate":1655101784474,"gmtModify":1676535562183,"author":{"id":4101192637264540,"idStr":"4101192637264540","authorId":4101192637264540,"authorIdStr":"4101192637264540","name":"Cr3ati0n","avatar":"https://static.itradeup.com/news/dae639f3aad4ddaa2352ec90c8f0f1fb","vip":1,"userType":1,"introduction":"","boolIsFan":false,"boolIsHead":false,"crmLevel":1,"crmLevelSwitch":0,"individualDisplayBadges":[],"fanSize":0,"starInvestorFlag":false},"themes":[],"images":[],"coverImages":[],"extraTitle":"","html":"<html><head></head><body><p>Yen</p></body></html>","htmlText":"<html><head></head><body><p>Yen</p></body></html>","text":"Yen","highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"link":"https://ttm.financial/post/9052908251","repostId":1179240003,"repostType":4,"repost":{"id":"1179240003","kind":"news","pubTimestamp":1655101068,"share":"https://www.laohu8.com/m/news/1179240003?lang=&edition=full","pubTime":"2022-06-13 14:17","market":"us","language":"en","title":"Yen Tumbles to Lowest Since 1998 as Policy Driven Fall Continues","url":"https://stock-news.laohu8.com/highlight/detail?id=1179240003","media":"Bloomberg","summary":"Yen weakens as BOJ lags Federal Reserve’s policy tighteningBOJ steps up defense of easy policy as bo","content":"<html><head></head><body><ul><li>Yen weakens as BOJ lags Federal Reserve’s policy tightening</li><li>BOJ steps up defense of easy policy as bond yields push limit</li></ul><p>The yen fell to a 24-year low and Japanese bonds tumbled Monday as the country’s easy monetary policy increasingly stood at odds with rising interest rates globally.</p><p>The currency fell more than 0.5% to 135.19 per dollar, the lowest since Oct. 1998, as Treasury yields extended Friday’s inflation-shock driven gains and the Bank of Japan offered to buy more bonds to cap local equivalents.</p><p>The yen has tumbled almost 15% this year -- the worst-performing major currency -- as the BOJ keeps rates anchored to boost a sluggish economy while US yields surge on bets for continued Federal Reserve hikes.</p><p><img src=\"https://static.tigerbbs.com/fa6477f62d3596caa6ff3c88dca93b8b\" tg-width=\"742\" tg-height=\"414\" referrerpolicy=\"no-referrer\"/>Friday’s shock higher-than-expected US inflation print has heaped pressure on the Fed to intensify monetary tightening, boosting the dollar. In sharp contrast, the BOJ looks set to maintain its super-loose stance at its meeting later in the week.</p><p>Senior Japanese officials haddelivereda ramped-up warning on the yen’s decline Friday, putting their concern in a written statement for the first time as they seek to keep a floor under the currency.</p><p>Treasuries Dare Fed to Step Up Hikes or Risk Inflation Defeat</p><p>The weakening yen is expected to have a mixed impact on the domestic economy, hurting household budgets but providing a boost to exports. A further slide would increase pressure on neighboring Asian economies, which are losing out in export competitiveness.</p><p>“While Japanese authorities have stepped up warnings, there are few tools available to stop this momentum,” said Akira Moroga, manager of currency products at Aozora Bank in Tokyo. “The environment remains ripe for speculators to drive dollar-yen higher.”</p><h2>Bond Buying</h2><p>With Japan’s government bond yields under severe upward pressure, the BOJ on Monday ramped up the defense of its policy targets, saying it would buy an additional 500 billion yen ($3.7 billion) worth of 5-year and 10-year bonds on Tuesday.</p><p>The move came after the 10-year yield rose above 0.25% for first time since January 2016, the highest since before the central bank introduced a negative rate policy and set a ceiling for the maturity.</p><p><img src=\"https://static.tigerbbs.com/077390b847df3a42ba89d94af701d990\" tg-width=\"736\" tg-height=\"422\" referrerpolicy=\"no-referrer\"/>“The BOJ will now need to explain clearly what is the logic behind the 0.25% cap and whether that level is appropriate under the current environment,” said Mari Iwashita, chief market economist at Daiwa Securities Co.</p><p>The BOJ is unlikely to adjust policy until the yen breaches the 140 level against the dollar, a recent survey of economists by Bloombergshowed.</p><p>The US Treasury’s semiannualreporton foreign exchange released Friday may have added to the yen selling pressure, said Yuji Saito, executive director at Credit Agricole CIB’s foreign-exchange department in Tokyo. It suggested currency intervention should only be reserved for exceptional circumstances with prior consultation.</p><p>“It essentially rejected Japan intervening for yen weakness that came as a result of widening interest rate differentials because Japan is pursuing an easy monetary policy on its own decision,” Saito said. “Dollar-yen’s uptrend is unlikely to stop until US economy slows down or inflation peaks.”</p></body></html>","source":"lsy1584095487587","collect":0,"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 Tumbles to Lowest Since 1998 as Policy Driven Fall Continues</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 Tumbles to Lowest Since 1998 as Policy Driven Fall Continues\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-06-13 14:17 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.bloomberg.com/news/articles/2022-06-13/yen-hits-key-135-level-as-policy-gap-slide-continues-after-cpi?srnd=premium-asia#xj4y7vzkg><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Yen weakens as BOJ lags Federal Reserve’s policy tighteningBOJ steps up defense of easy policy as bond yields push limitThe yen fell to a 24-year low and Japanese bonds tumbled Monday as the country’s...</p>\n\n<a href=\"https://www.bloomberg.com/news/articles/2022-06-13/yen-hits-key-135-level-as-policy-gap-slide-continues-after-cpi?srnd=premium-asia#xj4y7vzkg\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"source_url":"https://www.bloomberg.com/news/articles/2022-06-13/yen-hits-key-135-level-as-policy-gap-slide-continues-after-cpi?srnd=premium-asia#xj4y7vzkg","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1179240003","content_text":"Yen weakens as BOJ lags Federal Reserve’s policy tighteningBOJ steps up defense of easy policy as bond yields push limitThe yen fell to a 24-year low and Japanese bonds tumbled Monday as the country’s easy monetary policy increasingly stood at odds with rising interest rates globally.The currency fell more than 0.5% to 135.19 per dollar, the lowest since Oct. 1998, as Treasury yields extended Friday’s inflation-shock driven gains and the Bank of Japan offered to buy more bonds to cap local equivalents.The yen has tumbled almost 15% this year -- the worst-performing major currency -- as the BOJ keeps rates anchored to boost a sluggish economy while US yields surge on bets for continued Federal Reserve hikes.Friday’s shock higher-than-expected US inflation print has heaped pressure on the Fed to intensify monetary tightening, boosting the dollar. In sharp contrast, the BOJ looks set to maintain its super-loose stance at its meeting later in the week.Senior Japanese officials haddelivereda ramped-up warning on the yen’s decline Friday, putting their concern in a written statement for the first time as they seek to keep a floor under the currency.Treasuries Dare Fed to Step Up Hikes or Risk Inflation DefeatThe weakening yen is expected to have a mixed impact on the domestic economy, hurting household budgets but providing a boost to exports. A further slide would increase pressure on neighboring Asian economies, which are losing out in export competitiveness.“While Japanese authorities have stepped up warnings, there are few tools available to stop this momentum,” said Akira Moroga, manager of currency products at Aozora Bank in Tokyo. “The environment remains ripe for speculators to drive dollar-yen higher.”Bond BuyingWith Japan’s government bond yields under severe upward pressure, the BOJ on Monday ramped up the defense of its policy targets, saying it would buy an additional 500 billion yen ($3.7 billion) worth of 5-year and 10-year bonds on Tuesday.The move came after the 10-year yield rose above 0.25% for first time since January 2016, the highest since before the central bank introduced a negative rate policy and set a ceiling for the maturity.“The BOJ will now need to explain clearly what is the logic behind the 0.25% cap and whether that level is appropriate under the current environment,” said Mari Iwashita, chief market economist at Daiwa Securities Co.The BOJ is unlikely to adjust policy until the yen breaches the 140 level against the dollar, a recent survey of economists by Bloombergshowed.The US Treasury’s semiannualreporton foreign exchange released Friday may have added to the yen selling pressure, said Yuji Saito, executive director at Credit Agricole CIB’s foreign-exchange department in Tokyo. It suggested currency intervention should only be reserved for exceptional circumstances with prior consultation.“It essentially rejected Japan intervening for yen weakness that came as a result of widening interest rate differentials because Japan is pursuing an easy monetary policy on its own decision,” Saito said. “Dollar-yen’s uptrend is unlikely to stop until US economy slows down or inflation peaks.”","news_type":1},"isVote":1,"tweetType":1,"viewCount":462,"commentLimit":10,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"symbols":[],"verified":2,"subType":0,"readableState":1,"langContent":"EN","currentLanguage":"EN","warmUpFlag":false,"orderFlag":false,"shareable":true,"causeOfNotShareable":"","featuresForAnalytics":[],"commentAndTweetFlag":false,"andRepostAutoSelectedFlag":false,"upFlag":false,"length":3,"xxTargetLangEnum":"ORIG"},"commentList":[],"hasMoreComment":false,"orderType":2}