Last week the Bank of Japan (BoJ) announced further relaxations to its yield curve control (YCC) program. Despite this, the yen has shown no signs of life. Since the BOJ's decision was announced, the yen is the worst…
High interest rates will eventually cause growth to slow. Signs of stress are already starting to show. Stay cautiously positioned.
The Bank of Japan adjusted the language of its Monetary Policy Statement on Tuesday to indicate that it will allow greater flexibility it its yield curve control policy (YCC). It indicated that although the target level of 10-…
There is a high probability that the global economy will tip into recession in the second half of 2024. A long yen position is an excellent hedge against that risk.
The Japanese yen has depreciated by 12.6% against the USD year-to-date. This exceeds the 1.6% depreciation and 0.8% appreciation by the euro and British pound against the US dollar respectively. With the higher-for-longer…
This week's Insight gauges the potential of a dollar breakout or breakdown and suggests a few trade ideas.
In this report, we explore some trading opportunities after a volatile few weeks for FX markets.
The BoJ remains an outlier among global DM central banks. While many of its peers are now debating whether to end their rate tightening cycles, the Japanese central bank has not even started raising interest rates yet.…
In this Strategy Outlook, we present the major investment themes and views we see playing out for the rest of 2023 and beyond.