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  • Yen Blues

    From marctomarket.com

    Benchmark 10-year bonds yields in the US and Europe are at new highs for the year. The US yield is approaching 2.90%, while European rates are mostly 5-8 bp higher. The 10-year UK Gilt yield is up nine basis points to push near 1.98%. The higher yields are seeing the yen's losing streak extend, and the greenback has jumped 1% to around JPY128.45 The dollar is trading lower against the other major currencies but the Swiss franc. The dollar-bloc currencies and Scandis lead the move. Emerging market currencies are mixed. Of note central European currencies are mostly higher (the Polish zloty is the chief exception) and ... (full story)

That a very very rare public dispute is arising in Japan between BOJ and the productive side of Japanese economy exhibited by Japans finance minister is worth mentioning.
An export based economy will get crushed as primary sourcing of raw materials becomes prohibitive due to a weak currency.

Yen weakness killing operating margins for business. Not even Stoic Japan industry can absorb these kinds of pressures.
Quoting foto
That a very very rare public dispute is arising in Japan between BOJ and the productive side of Japanese economy exhibited by Japans finance minister is worth mentioning. An export based economy will get crushed as primary sourcing of raw materials becomes prohibitive due to a weak currency. Yen weakness killing operating margins for business. Not even Stoic Japan industry can absorb these kinds of pressures.
And don't forget how expensive imports are going to get. BoJ is on kamikaze mode here.
Everyone can see the chart, but only a few can actually read it.
From$1toMillion EA All Time Return: 18.0%
Quoting OnlineAddict
{quote} And don't forget how expensive imports are going to get. BoJ is on kamikaze mode here.
Commodity costs going to have to get resolved. Yen carry trade has been going berserk against something like SA Rand.
Have included a potential carry unwind in my thoughts about USD/ZAR
Been holding through what turned out to be a loong cycle bottoming process. The dispute looks like a trigger mechanism, but the way markets treat CB's with mystic belief of infallibility will not be holding my breath.
The bullet goes to wrong way. Instead of intentional to kill RUB, YEN get the consequences. lol
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i feel like this will continue to go higher until japan decides to raise rates.. I wouldn't be shocked if it goes up another 1000 pips before a retracement
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Didnt age well
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  • Posted: Apr 19, 2022 6:58am
  • Submitted by:
     MarcChandler
    Category: Fundamental Analysis
    Comments: 6  /  Views: 1,503