External broker reports(aggregated public sources), Mizuho

Mizuho

External broker reports(aggregated public sources)

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FX & Rates

The US dollar is the official currency of the United States of America.

<ul><li>The dollar/yen pair opened the month trading at 157.70 yen.</li><li>It then hit a monthly high of 157.99 yen, though it subsequently fell to the lower-157 yen mark on the dovish FOMC meeting.</li><li>The pair then plummeted to the lower153 yen level during the early hours of May 2 on what appeared to be an intervention by the Japanese authorities.</li></ul>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

The dollar/yen pair opened the month trading at 157.70 yen.It then hit a monthly high of 157.99 yen, though it subsequently fell to the lower-157 yen mark on the dovish FOMC meeting.The pair then plummeted to the lower153 yen level during the early hours of May 2 on what appeared to be an intervention by the Japanese authorities.Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

The Japanese yen is the official currency of Japan. 

<ul><li>USD/JPY plunged sharply early in May due to what may have been a currency intervention, but it has subsequently inched back up to trade in the year-to-date high zone.</li><li>A number of ideas are being floated for how to check JPY depreciation, but as of the present time, none of them are being taken seriously, and we seem to be in a phase of waiting patiently for the Fed to lower interest rates.</li><li>Looking at Japan’s monetary policy, JPY interest rates have clearly increased against the backdrop of the BOJ reducing its JPY purchase operation amounts and hawkish remarks from its governor and deputy governor, but there have been no signs of JPY strengthening against USD from the U.S.-Japan interest-rate gap perspective. </li></ul>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

USD/JPY plunged sharply early in May due to what may have been a currency intervention, but it has subsequently inched back up to trade in the year-to-date high zone.A number of ideas are being floated for how to check JPY depreciation, but as of the present time, none of them are being taken seriously, and we seem to be in a phase of waiting patiently for the Fed to lower interest rates.Looking at Japan’s monetary policy, JPY interest rates have clearly increased against the backdrop of the BOJ reducing its JPY purchase operation amounts and hawkish remarks from its governor and deputy governor, but there have been no signs of JPY strengthening against USD from the U.S.-Japan interest-rate gap perspective. Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

<ul><li>USD/JPY continued to rise in April, posting its highest in 34 years.</li><li>The Bank of Japan (BOJ) had been expected to respond to JPY weakness, but it avoided battling forex rates and persisted with the status quo.</li><li>I view this as a respectable stance, but the markets responded with stronger JPY selling. </li></ul>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

USD/JPY continued to rise in April, posting its highest in 34 years.The Bank of Japan (BOJ) had been expected to respond to JPY weakness, but it avoided battling forex rates and persisted with the status quo.I view this as a respectable stance, but the markets responded with stronger JPY selling. Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

<ul><li>The dollar/yen pair opened February trading at the 146 yen range on the slightly hawkish contents of the Bank of Japan (BOJ) Monetary Policy Meeting and FRB chair Jerome Powell’s press conference after the FOMC meeting.</li><li>US interest rates fell on February 1 on some weak US employment statistics and the bearish movements of US regional bank stocks, with the currency pair also sliding temporarily to 145.90 yen.</li><li>However, it then rocketed to the mid-148 yen mark on February 2 after the US released some very strong employment data for January. </li></ul>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

The dollar/yen pair opened February trading at the 146 yen range on the slightly hawkish contents of the Bank of Japan (BOJ) Monetary Policy Meeting and FRB chair Jerome Powell’s press conference after the FOMC meeting.US interest rates fell on February 1 on some weak US employment statistics and the bearish movements of US regional bank stocks, with the currency pair also sliding temporarily to 145.90 yen.However, it then rocketed to the mid-148 yen mark on February 2 after the US released some very strong employment data for January. Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

<ul><li>JPY consistently fell against USD through January. There were many factors that contributed to this – the Noto earthquake on January 1 triggered JPY selling due to a sense of national crisis, household JPY selling became a theme with the introduction of the New NISA scheme, and to top it all, U.S. economic indicators put up a strong performance.</li><li>A number of issues have coincided right from the beginning of the year, but the most concerning of them is the focus on household JPY selling, something I have previously expressed concern about in this report.</li><li>As Minister of Finance Shunichi Suzuki has said, the amount involved is not sufficient to determine the JPY rate trend, but the fact is that the forex markets are easily influenced by what is trending, and a trend of household JPY selling does indeed exist, and with its continued promotion as national policy, it seems natural to assume that it has contributed to JPY weakness to some extent. </li></ul>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

JPY consistently fell against USD through January. There were many factors that contributed to this – the Noto earthquake on January 1 triggered JPY selling due to a sense of national crisis, household JPY selling became a theme with the introduction of the New NISA scheme, and to top it all, U.S. economic indicators put up a strong performance.A number of issues have coincided right from the beginning of the year, but the most concerning of them is the focus on household JPY selling, something I have previously expressed concern about in this report.As Minister of Finance Shunichi Suzuki has said, the amount involved is not sufficient to determine the JPY rate trend, but the fact is that the forex markets are easily influenced by what is trending, and a trend of household JPY selling does indeed exist, and with its continued promotion as national policy, it seems natural to assume that it has contributed to JPY weakness to some extent. Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

Mizuho
External broker reports(aggregated public sources)

Mizuho Dealer's Eye (June, 2024)

The dollar/yen pair opened the month trading at 157.70 yen. It then hit a monthly high of 157.99 yen, though it subsequently fell to the lower-157...

Mizuho

Forex Medium-Term Outlook(June, 2024)

USD/JPY plunged sharply early in May due to what may have been a currency intervention, but it has subsequently inched back up to trade in the year...

Mizuho

Forex Medium-Term Outlook(May, 2024)

The Bank of Japan (BOJ) had been expected to respond to JPY weakness, but it avoided battling forex rates and persisted with the status quo.

Mizuho

Mizuho Dealer's Eye (Mar, 2024)

The dollar/yen pair opened February trading at the 146 yen range on the slightly hawkish contents of the Bank of Japan (BOJ) Monetary Policy Meeting

Mizuho

Forex Medium-Term Outlook(Feb, 2024)

A number of issues have coincided right from the beginning of the year, but the most concerning of them is the focus on household JPY selling

Mizuho