CYJ Key Points We expect USD/JPY to stay in a 150–160 range. Intervention caps it near 160; Japan's structural weaknesses keep it above 150. The Fed is still hiking (3.75–4.00% after September, with US CPI at 3.7%), while the BoJ sits at 1.25% with negative real rates. Japan runs a growing trade deficit: ¥2.8 trillion …
The Yen Intervention Crossroads — A High-Stakes Game of Credit and Inflation
円買い協調介入の岐路 — 信用とインフレが交錯する高リスクな攻防戦 Background: US-Japan Joint Defending Yen In recent days, the global foreign exchange market has witnessed a rare and dramatic chapter: a coordinated joint intervention by the U.S. and Japanese authorities to support the Japanese Yen (JPY). This move marks a critical turning point in global macroeconomics, pulling the currency back from the …
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Where is Yen heading, and 10y JGB rally to continue?
CYJ Key Points Stabilization in the 10-Year JGB Sector The 10-year JGB (Japanese Government Bond) sector has started to stabilize as breakevens have stopped making new highs and concerns over an inflation overshoot have eased. Hawkish BoJ Priced In by the Market While the Bank of Japan's (BoJ) communication remains hawkish, the market has already …
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Where is Japanese Yen Heading, Can BOJ hold JPY/USD at 160?
The Bank of Japan (BoJ) has recently conducted massive interventions to support the yen. However, yesterday’s U.S. CPI data indicates that inflationary pressures in the United States remain significant, raising the possibility of further Fed rate hikes. Meanwhile, Japan has been hesitant to raise interest rates, which could further widen the yield gap between Japanese …
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Japan’s Golden Future Has Arrived Again 日本の黄金の未来が再び訪れる
2025/12/31 The coming decade may well become a golden era for the resurgence of Japan’s economy and global influence. Interesting Chart: China 10Y vs Japan 10Y Yield. Notice that now China is in Deflation and Japan is in Inflation. China going down and Japan going up. This maybe the most important historical figure. Looking back …
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