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Yen's slide to weekly loss prompts bets for another intervention

Yen's slide to weekly loss prompts bets for another intervention

SINGAPORE, Aug 14 (Reuters) - The yen headed for its biggest weekly loss in three months on Friday as the impact of U.S. and Japanese intervention faded, leaving traders to wager another round of official buying would be needed to stem the rot.

Goldman Sachs Predicts Potential Yen Intervention Triggered by U.S. Data or BOJ Decisions

Goldman Sachs Predicts Potential Yen Intervention Triggered by U.S. Data or BOJ Decisions

Goldman Sachs has indicated that Japan may intervene in the currency markets again if certain economic conditions are met. The yen has been under pressure, slipping towards the 160 level against the dollar, despite previous interventions. Goldman Sachs suggests that a miss in U.S. economic data or a failure by the Bank of Japan (BOJ) to raise interest rates in September could prompt another intervention. The bank highlights that Japan has sufficient financial capacity to act, with a significant portion of its dollar reserves available for such measures. The focus is on the timing and triggers for intervention rather than the ability to act.

Japan may see more yen intervention, faster BOJ rate hikes, ex-top FX diplomat says

Japan may see more yen intervention, faster BOJ rate hikes, ex-top FX diplomat says

By Leika Kihara and Takaya Yamaguchi TOKYO, Aug 14 (Reuters) - Japan may conduct joint yen intervention "at any time" and signal the chance of faster-than-expected interest rate hikes to stem the currency's falls, said Tokyo's former top currency diplomat Mitsuhiro Furusawa.

Analysis-Rate hike bets leave yen's post-intervention gains at BOJ's mercy

Analysis-Rate hike bets leave yen's post-intervention gains at BOJ's mercy

By Rocky Swift and Junko Fujita TOKYO, Aug 13 (Reuters) - Joint Japanese-U.S. efforts to shore up the battered yen two weeks ago have heightened market bets the Bank of Japan will need to hike rates faster and further, raising the stakes for the currency at next month's policy meeting.

Morning Bid: Yen stuck in twilight zone

Morning Bid: Yen stuck in twilight zone

A look at the day ahead in European and global markets from Ankur Banerjee The yen is back in the intervention zone, but its fate now appears to rest with the Fed's policy path and hopes of aggressive hikes from the Bank of Japan, after a joint operation with the U.S. failed to stem the fragile

Yen's weekly loss puts more intervention on traders' radar

Yen's weekly loss puts more intervention on traders' radar

SINGAPORE, Aug 14 (Reuters) - The yen headed for its biggest weekly loss in about a month on Friday as the impact of U.S. and Japanese intervention faded, leaving traders to wager that either rate hikes or another round of official buying would be needed to stem the decline.

Yen Traders Turn to Options Amid Uncertainty Over US Inflation Data

Yen Traders Turn to Options Amid Uncertainty Over US Inflation Data

Yen Traders Turn to Options Amid Uncertainty Over US Inflation Data

Yen Weakens as Traders Test Japan and U.S. Intervention Efforts

Yen Weakens as Traders Test Japan and U.S. Intervention Efforts

The Japanese yen has experienced a significant decline, erasing half of the gains it made following recent intervention efforts by Japanese and U.S. authorities. The currency weakened by 1% to ¥159.29 per dollar, marking the worst performance among the Group-of-10 currencies on Monday. This decline has raised concerns among traders who are closely monitoring the situation for any further official support. According to Lee Ferridge, a strategist at State Street, the market is disappointed by the lack of additional intervention, suggesting that without further action, the yen may continue to weaken.

US-Japan Coordinated Intervention Highlights Global Financial Nexus Amid Rising Yields

US-Japan Coordinated Intervention Highlights Global Financial Nexus Amid Rising Yields

The United States and Japan recently conducted a coordinated intervention to stabilize the yen, marking the first such action since 1998. This move coincided with a significant rise in US 30-year yields, the highest monthly yield close in over 20 years. The intervention reflects concerns about the impact of rising long-term yields on financial conditions, including the cost of servicing federal debt and the implications for private-sector investment. The decision underscores the interconnectedness of global financial markets and the challenges posed by fiscal constraints and technological advancements.

Yen Weakens as Traders Test Japan and U.S. Authorities' Intervention Efforts

Yen Weakens as Traders Test Japan and U.S. Authorities' Intervention Efforts

The Japanese yen has weakened significantly, erasing half of the gains it made following recent intervention efforts by the U.S. and Japanese authorities. The currency fell by 1% to ¥159.29 per dollar, marking the worst performance among the Group-of-10 currencies on Monday. This decline has raised concerns among traders who are now on alert for potential further interventions. According to Lee Ferridge, a strategist at State Street, the market is disappointed by the lack of additional intervention, suggesting that without further action, the yen may continue to weaken.

Yen Reversal Could Impact U.S. Treasuries and Global Markets

Yen Reversal Could Impact U.S. Treasuries and Global Markets

Yen Reversal Could Impact U.S. Treasuries and Global Markets

Yen wobbles as intervention afterglow dims; RBA keeps rates unchanged

Yen wobbles as intervention afterglow dims; RBA keeps rates unchanged

By Ankur Banerjee SINGAPORE, Aug 11 (Reuters) - The yen wobbled near the crucial 160 level on Tuesday, as joint U.S.-Japan intervention failed to deliver a lasting boost, while the Australian dollar held its ground near eight-week highs after the central bank held rates as expected.