Japanese government bonds rose on Friday as cooling inflation reduced the urgency for central bank rate hikes and Prime Minister Sanae Takaichi reiterated her pledge to pursue “responsible” fiscal policy. The yield on ten-year Japanese government bonds fell by 3.5 basis points (bps) to 2%. The yield on two-year bonds, the most sensitive to the […]
The dollar held on to its gains on Monday as investors weighed what a Federal Reserve under Kevin Warsh might look like, with his preference for a smaller balance sheet. The yen was also back on traders’ radar after Japanese Prime Minister Sanae Takaichi discussed the benefits of a weaker yen in a campaign speech […]
That of the US Federal Reserve January 23 decision Supporting the embattled Japanese yen is believed to be responsible for gold’s historic price rise above the US$5,000 per ounce level. The New York Federal Reserve reportedly carried out a “rate check” on currency traders regarding the exchange rate between the US dollar and the Japanese […]
The yen was volatile on Friday, with two sudden spikes increasing market speculation that authorities had carried out a rate control, often a harbinger of intervention. The yen was last stronger on the day at 155.855 per dollar. Traders are on alert at the prospect of an intervention from Tokyo to stem the decline in […]
The US dollar continued to rise overnight on Thursday after President Donald Trump withdrew his threat to impose tariffs on some European NATO countries, proclaiming the framework of a deal with NATO over control of Greenland. That put the safe-haven Swiss franc on the back foot, retreating sharply from a three-week high, while gold fell […]
Japanese 10-year government bond yields reversed course to a notch higher on Tuesday, following a fairly strong outcome at an auction of bonds with the same maturity. Ten-year Japanese government bond yields rose 0.5 basis point (bp) to 2.12%, after falling 1 bp to 2.105% ahead of the auction. “Despite the current yield level, which […]
Japan’s Nikkei stock ended lower on Monday after two sessions of gains, as technology stocks followed Wall Street’s weak finish last week and some major stocks traded ex-dividend. The Nikkei fell 0.44% to 50,526.92, while the broader Topix rose 0.1% to 3,426.52. All three major U.S. stock indexes closed nominally lower on Friday after a […]
Japan’s Nikkei stock average fell slightly on Monday after two sessions of gains, as technology stocks followed Wall Street’s weak finish last week and some major stocks traded ex-dividend. The Nikkei fell 0.5% to 50,517.41, as of 0215 GMT, while the broader Topix edged 0.04% higher to 3,424.42. All three major U.S. stock indexes closed […]
Tokyo: Yields on two-year Japanese government bonds rose after a maturity auction sparked weak demand, amid speculation that the Bank of Japan may have to raise rates more aggressively to rein in inflation and support the yen. The bid-to-cover ratio, a key measure of demand, was 3.26, compared to 3.53 at the previous sale and […]
Japan’s super-long government bonds rose on Thursday, supported by a Reuters report on the possible reduction in super-long-term bond issuance next fiscal year. Yields on 30-year Treasury notes fell to a low of 3.38%, down from a record high of 3.45% the previous session. The yield recently fell by 3 basis points to 3.395%. Interest […]