BCA Research’s Foreign Exchange Strategy service concludes that underlying inflation and growth trends in Japan are nowhere close to justifying an end to Yield Curve Control (YCC) or even a mere upward tweak of the current…
Interest rate differentials and soaring oil prices created potent headwinds for the Japanese currency this year. It is the worst performing G10 currency so far in 2022 – down nearly 18% versus the greenback. Although this…
Japan’s core CPI (ex-fresh food) grew 2.4% y/y in July, from 2.2% in June. The “core core” CPI measure (ex-fresh food and energy) grew 1.2% y/y in July, surprising slightly to the upside. Despite core…
Listen to a short summary of this report. Executive Summary Chart 1The Dollar Has Broken Below The First Line Of Support The softer CPI print in the US boosted growth plays and pushed the DXY index below…
Listen to a short summary of this report. Executive Summary The Euro And The Chinese Credit Impulse The US dollar has bounced off its 50-day moving average. In the recent past, that had led to a period…
As expected, the Bank of Japan maintained its ultra-accommodative monetary policy stance following its meeting on Thursday. The central bank kept its -0.1% target for short-term rates and reiterated its pledge to conduct daily…
Executive Summary China's Unemployment Over the past week we have been visiting clients along the US west coast. In this report we hit some of the highlights from the most important and frequently asked questions. Xi…
Executive Summary Our recommended model bond portfolio outperformed its custom benchmark index by +24bps in Q2/2022, improving the year-to-date outperformance to a solid +72bps. The Q2 outperformance came entirely from the credit side…