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Nudge from Bessent firms case for BOJ rate hike in September

Nudge from Bessent firms case for BOJ rate hike in September

By Leika Kihara TOKYO, Aug 5 (Reuters) - U.S. Treasury Secretary Scott Bessent's public views on Japan's monetary policy have all but locked the central bank into an interest rate hike at its September meeting and raised questions about Washington's influence over domestic policy.
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US dollar to retain strength, yen intervention no game changer

US dollar to retain strength, yen intervention no game changer

By Sarupya Ganguly BENGALURU, Aug 5 (Reuters) - The U.S. dollar will hold firm in coming months before weakening later in the year, according to FX strategists surveyed by Reuters who also generated some of the weakest consensus Japanese yen forecasts since polling began in the early 1990s.
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US dollar to retain strength, yen intervention no game changer: Reuters poll

US dollar to retain strength, yen intervention no game changer: Reuters poll

By Sarupya Ganguly BENGALURU, Aug 5 (Reuters) - The U.S. dollar will hold firm in coming months before weakening later in the year, according to FX strategists surveyed by Reuters who also generated some of the weakest consensus Japanese yen forecasts since polling began in the early 1990s.
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Analysis-Japan's fight with yen bears goes on after joint rescue

Analysis-Japan's fight with yen bears goes on after joint rescue

By Rae Wee and Ankur Banerjee SINGAPORE, Aug 3 (Reuters) - A rare joint U.S.-Japan intervention has raised the stakes on traders betting against the yen, but analysts are doubtful speculators will be kept at bay without tighter monetary policy.
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Yen surges to three-month peak, dollar pares losses after intervention

Yen surges to three-month peak, dollar pares losses after intervention

By Chibuike Oguh NEW YORK Aug 3 (Reuters) - The yen strengthened against the dollar and euro on Monday as investors watched for signs of further intervention after Tokyo and Washington stepped into the foreign exchange markets last week to support Japan's currency.
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Analysis-How a US-Japan pact to hit yen speculators came together

Analysis-How a US-Japan pact to hit yen speculators came together

By Leika Kihara, Makiko Yamazaki and Tamiyuki Kihara TOKYO, Aug 3 (Reuters) - A joint U.S.-Japanese effort to fight off speculative bets against a battered yen last week followed months of preparation by the two nations and a rare and public alignment of interests in Washington and Tokyo over
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Yen climbs against dollar, euro as traders speculate on further intervention

Yen climbs against dollar, euro as traders speculate on further intervention

By Chibuike Oguh NEW YORK Aug 3 (Reuters) - The yen climbed against the euro and the dollar on Monday, with markets watching for further intervention after Tokyo and Washington stepped into the foreign exchange market last week to support Japan's currency.
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How a US-Japan pact to hit yen speculators came together

How a US-Japan pact to hit yen speculators came together

By Leika Kihara, Makiko Yamazaki and Tamiyuki Kihara TOKYO, Aug 3 (Reuters) - A joint U.S.-Japanese effort to fight off speculative bets against a battered yen last week followed months of preparation by the two nations and a rare and public alignment of interests in Washington and Tokyo over
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Yen Surges as Japan Bond Yields Hit Record Highs Amid Rate Hike Speculation

Yen Surges as Japan Bond Yields Hit Record Highs Amid Rate Hike Speculation

Japan's yen has strengthened significantly as short-dated bond yields reached record highs, driven by speculation of an early Bank of Japan (BOJ) rate hike. This follows a joint US-Japan intervention aimed at supporting the yen, with both countries signaling readiness for further action. The five-year bond yield rose to a record 2.050%, while the two-year yield climbed to its highest since May 1995. The BOJ's recent warning about potential inflation exceeding targets has added to the speculation of monetary tightening, despite Governor Ueda's comments not fully cementing expectations for a September rate hike.
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Bessent says he is sure BOJ chief Ueda will 'do what is best', NHK reports

Bessent says he is sure BOJ chief Ueda will 'do what is best', NHK reports

By Leika Kihara TOKYO, Aug 5 (Reuters) - U.S. Treasury Secretary Scott Bessent said he was sure Bank of Japan Governor Kazuo Ueda will "do what is best" for the country's economy, public broadcaster NHK reported on Wednesday.
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Yen Strengthens as U.S. and Japan Intervene in Currency Markets

Yen Strengthens as U.S. and Japan Intervene in Currency Markets

The Japanese yen surged to a three-month high against the dollar and euro following coordinated intervention by Japan and the U.S. in the foreign exchange markets. This intervention aimed to support the yen, which has been under pressure due to Japan's monetary policy. The Bank of Japan and the U.S. Treasury's actions have sparked speculation about further interventions. The yen's rise has been attributed to Japan's significant spending on currency interventions, totaling over $100 billion this year. The intervention reflects a strategic move to stabilize the yen and address the wide yield differentials between Japan and other countries.
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Japan's fight with yen bears goes on after joint rescue

Japan's fight with yen bears goes on after joint rescue

By Rae Wee and Ankur Banerjee SINGAPORE, Aug 3 (Reuters) - A rare joint U.S.-Japan intervention has raised the stakes on traders betting against the yen, but analysts are doubtful speculators will be kept at bay without tighter monetary policy.