Japan

As activity in other advanced economies starts to splutter, Japan is firing up.

Another way to support the Japanese yen may be for the BOJ to stop intervening in markets.

USD/JPY is breaking higher, adding to upside risks for Japanese exporter earnings.

USD/JPY is back to levels where the BOJ intervened last year but that doesn't mean it will do so again

USD/JPY has pulled back to 140 - a level currently being defended in today's Asian session. But with a plethora of economic data from the US and Japan this week, we could close either side of it (and by quite some distance).

PMI data for Japan and Australian has surpassed expectations, which provides a positive lead for flash PMI data from Europe and the US. Meanwhile, USD/JPY bulls eye a move to 140.

Japanese yen pairs were higher across the board in today’s Asian session, with hot inflation figures prompting bets the BOJ could tighten policy sooner than later.

Slower trade is a growing theme across Asia, with Japan’s export data showing signs of slower demand across Asia/ Meanwhile, USD/JPY has approached key resistance.

There have been high hopes that Ueda will bring a hawkish twist to the BOJ, but early remarks in his confirmation speech say anything but.

Shorting USD/JPY is not a new idea, and as the pair has erased around half of its 21-month rally, we see the potential for a bounce over the coming weeks.

Given the confluence of resistance levels and general low-interest trading environment ahead of year-end, it would be logical for the USD/JPY’s corrective rally to reverse ahead of the weekend...

A sleepy session in Asia has been rudely awoken from is lull on the news that the BOJ will review their YCC (yield curve control), sending the Japanese yen sharply higher across the board.

Inflation rose to an 8-year high (or a 31-year high if we look past tax-hike impacts), yet its unlikely to see the BOJ shift from their ultra-dovish policy this week.

Inflation continues to rise in Japan, albeit at a much slower pace than its peers. But we don’t expect a rate hike any time soon.

Weak industrial data for Japan, hawkish comments from the Fed’s Waller and increased appetite for risk has seen the yen weaken in today’s Asian session.

US equity index futures rallied on Monday following reports that Joe Biden and Vladimir Putin agreed ‘in principle’ to hold a summit.

The reappointment of Fed Chair Powell two weeks ago was meant to be about keeping the status quo. A move that removed uncertainty, to allow risk assets to carry on their rally into year-end.