Yen Watch: A Week of Volatility and Uncertainty
Yen Watch: A Week of Volatility and Uncertainty
Date: September 3, 2024, 3:05 PM GMT
Executive summary: The Japanese yen has been experiencing a period of volatility in recent weeks, driven by a confluence of factors including the Bank of Japan’s (BOJ) potential shift in monetary policy, concerns about the carry trade, and global economic uncertainty. This week, the yen has seen both gains and losses, with investors closely watching developments in the US and Japan for clues about the future direction of the currency.
Yen Strengthens as BOJ Hints at Rate Hikes
Ueda Reiterates That BOJ Will Lift Rates If Outlook Realized
Bank of Japan Governor Kazuo Ueda reiterated Tuesday that the central bank will continue to raise interest rates if the economy and prices perform as expected. This statement, made during a speech at a meeting of the BOJ’s Policy Board, has boosted the yen, as investors interpret it as a signal that the BOJ is moving closer to exiting its ultra-loose monetary policy.
Forex Factory (4 hours ago)
Carry Trade Risk in Focus as Ueda Comments Boost Yen
Ueda’s comments have also raised concerns about the carry trade, a strategy that involves borrowing in a low-interest-rate currency like the yen and investing in higher-yielding assets. If the BOJ raises rates, the carry trade becomes less attractive, potentially leading to a sell-off in the yen.
Bloomberg (5 hours ago)
T. Rowe Manager Who Predicted Yen Shock Sees Another One Coming
Arif Husain, a fixed income manager at T. Rowe Price, has warned that the yen could be in for another sharp decline, as the BOJ’s shift in monetary policy could lead to a sudden unwinding of the carry trade. Husain accurately predicted the yen’s weakness last year, and his latest warning has caused a stir in the market.
Bloomberg (6 hours ago)
Yen Volatility Amidst Economic Uncertainty
Dollar Nudges at Two-Week Highs; Yen Grabs Spotlight
The dollar hovered near a two-week high on Tuesday ahead of a slew of economic data, including Friday’s U.S. payrolls, that could influence the size of an interest rate hike by the Federal Reserve. However, the yen has remained a focus for traders, with its recent volatility prompting investors to closely monitor the BOJ’s next move.
Reuters (4 hours ago)
The Dollar Is Bid But Ueda Lends Support To The Yen
The dollar is bid as the upside correction that began last week continues today. Comments by BOJ Governor Ueda have reiterated his intention to raise rates in the future, which has lent some support to the yen.
Seeking Alpha (4 hours ago)
Carry Trade Concerns and Yen’s Future
EBC Markets Briefing | Swiss franc carry trades could blow up
The Swiss franc is gaining traction as a funding currency for carry trades, with investors shifting away from the yen due to its recent volatility. However, there are risks associated with this shift, as the Swiss franc could also experience a sudden reversal if the global economic outlook deteriorates.
EBC Financial Group (6 hours ago), Finimize (2 hours ago)
Investors Favor Swiss Franc Over Yen For Carry Trades
The Swiss franc gains ground as a preferred funding currency due to its lower interest rates and safe-haven appeal amidst yen volatility.
Finimize (2 hours ago)
USD/JPY Forecast – US Dollar Pulls Back Against The Yen
The US Dollar pulled back a bit against the Japanese yen, as we continue to bounce around and look for a certain amount of stability in what could be another iteration of the carry trade – assuming the Federal Reserve doesn’t raise interest rates too aggressively.
FXEmpire (2 hours ago)
Yen in the News: A Mixed Bag
Japan’s Nikkei Stock Average Slips as Yen Gains; Higher Bond Yields Lift Banks (Update 1)
Japan’s Nikkei share average edged lower on Tuesday as a firmer yen weighed on investor sentiment, although banks provided a bright spot, with higher bond yields lifting their shares.
The Japan News (8 hours ago)
Japanese companies mark record combined profits in April-June
Nonfinancial companies’ internal reserves at the end of fiscal 2023 grew 8.3% from a year earlier, topping ¥600 trillion for the first time.
The Japan Times (7 hours ago)
Nikkei Dips on Firmer Yen, China Banks Drag on Hang Seng
Investors remained cautious for a second successive day while China’s property woes saw its banks take a profits hit.
Asia Financial (5 hours ago)
Yen in the Digital Realm
‘More BUCK for your YEN. : r/OkinawaJPYtoUSD’
More BUCK for your YEN. NO fees, NO commission, straight exchange position of the day’s rate. JPY to USD. 500 USD minimum. Naha only. Safe. Reliable. Proven…
Reddit (8 hours ago)
r/AnimeFigures – New Lalatina figure! 21500 yen
If you haven’t noticed, the Yen has recovered 20 cents on a US Dollar over the past few weeks. … might pull the trigger; so cheap on Amazon at 11,000 yen.
Reddit (8 hours ago)
Yen in Video: Analyzing the Trends
US Dollar Pulls Back Against The Yen: Forecast & Technical …
… yen, as we continue to bounce around and look for a certain amount of stability in what could be another iteration of the carry trade – assuming the Federal …
YouTube (2:27, 2 hours ago)
Carry Trade Risk in Focus as Ueda Comments Boost Yen
… if the economy and prices perform as expected by the BOJ, a comment that supported further gains in the yen. Bloomberg’s Ven Ram reports. (Source: Bloomberg)
Bloomberg News (1:20, 5 hours ago)
Pound Weakness & Yen Strength!
… Yen), two significant forex pairs. With our comprehensive forex risk management insights and dedication to continuous improvement, TetraFX aims to provide …
YouTube (0:37, 8 hours ago)
The Yen’s Future: A Look Ahead
The yen’s future remains uncertain, with a number of factors likely to influence its direction in the coming weeks and months. The BOJ’s monetary policy stance will be a key driver, as will global economic conditions and investor sentiment. Traders will be closely watching for any further hints from the BOJ about its plans for interest rates, as well as developments in the US economy and the global financial markets. The yen’s volatility is likely to continue in the short term, making it a currency that investors will need to carefully monitor.
Hookah
Tommy Paul’s US Open Run Ends in Quarterfinals
Tommy Paul’s US Open Run Ends in Quarterfinals
The Match: Sinner’s Dominance
Jannik Sinner vs Tommy Paul | US Open 2024 | Full Match …
Watch Jannik Sinner vs Tommy Paul LIVE | US Open 2024 | Match Today ⚠️Subscribe to the channel and activate the notification bell : https://goo.gl/aaAuvn …
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Jannik Sinner vs Tommy Paul – US Open 2024 – Pre Quarter Final – Live. 998 views · Streamed 5 hours ago …more. PCSX2 Testers. 6.69K.
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Jannik Sinner vs Tommy Paul Highlights | 2024 US Open …
Watch the highlights of Jannik Sinner vs. Tommy Paul in Round 4 of the 2024 US Open. These highlights are presented by Cadillac. Don’t miss a moment of the …
YouTube (2 hours ago)
Jannik Sinner vs Tommy Paul .. Full Match Highlights .. R4 …
Full Highlights Sinner vs Paul US Open Paul Sinner Highlights Tommy Paul Jannik Sinner US Open 2024 Round Jannik Sinner vs Tommy Paul R4.
YouTube (3 hours ago)
Paul’s US Open Run
US Open 2024: Jannik Sinner vs. Tommy Paul – Round 4 Key Match Preview
American Tommy Paul will face world No. 1, Italian Jannik Sinner, in the fourth round at the US Open tennis tournament. Here’s how to watch the match.
US Open Tennis (19 hours ago)
Tommy Paul vs. Gabriel Diallo Condensed Match | 2024 US …
Watch the condensed match of Gabriel Diallo vs. Tommy Paul in Round 3 of the 2024 US Open. Don’t miss a moment of the US Open!
YouTube (21 hours ago)
The Aftermath
‘Gave It His Best Shot’- Tommy Paul Finds Solace as Fans Shower Love Despite Tough Jannik Sinner Loss at US Open
Although the American tennis star Tommy Paul was beaten by Jannik Sinner in the R16, he received acknowledgement for his incredible fight.
EssentiallySports (2 hours ago)
Tommy Paul Shrugs off US Open Heart-Break to Cheer Harder for Taylor Fritz and Frances Tiafoe’s Success
Tommy Paul relies on colleague, Frances Tiafoe and Taylor Fritz to win the slam after his defeat against Sinner ended his chances.
EssentiallySports (50 minutes ago)
Tommy Paul’s Coach: Who Is Brad Stine and Was He the Reason Behind Jim Courier’s 4 Slam Titles?
Here’s everything to know about the historical achievements of Tommy Paul’s current coach Brad Stine who once sided with Jim Courier.
EssentiallySports (7 hours ago)
Other News
‘I Would Be Lying’- Tommy Paul’s Girlfriend Paige Lorenze Unveils Monetary Impact of Being a Tennis WAG
Tommy Paul’s girlfriend makes a bold revelation on the booming monetary side of her relationship with the ATP pro.
EssentiallySports (7 hours ago)
Who is Tommy Paul’s girlfriend Paige Lorenze
Paige Lorenze, a model, entrepreneur, and social media influencer, has gained fame for her relationship with tennis star Tommy Paul.
Tennis Tonic (12 hours ago)
Analysis
Tommy Paul’s US Open campaign ended in the Round of 16, where he faced a tough challenge against the top-seeded Jannik Sinner. Despite pushing Sinner to a tiebreaker in the first two sets, Paul ultimately fell short in a straight-set defeat. The loss was a disappointment for Paul, who had been in good form leading up to the tournament. He was a fan favorite at the US Open, and his strong performance in the early rounds had generated excitement among American tennis fans.
Despite the loss, Paul has shown that he is a force to be reckoned with on the ATP Tour. His recent success, including reaching the semifinals of the French Open this year, indicates he is a player to watch in the coming years. He will be looking to bounce back from this loss and continue to climb the rankings.