JPY 03 (Dec 16 - Dec 25)

[winston]

Yen tumbles to two-decade low

The yen hit its lowest level against the dollar in two decades on Wednesday, extending recent falls as the gap widens between Japan's ultra-loose monetary policy and US tightening.

Despite being traditionally considered a safe-haven currency, uncertainty fuelled by the war in Ukraine has not caused the yen to strengthen.

Instead, moves by the US Federal Reserve towards a more aggressive policy and the shock of rising oil prices in Japan - a major importer of fossil fuels - have pushed the currency lower, analysts say.

The drop came after the Bank of Japan Governor Haruhiko Kuroda warned the recent rise in inflation driven by higher import costs could hurt the economy, stressing the central bank's resolve to keep monetary policy ultra-loose.

"The outlook, however, remains highly uncertain due to the impact of the pandemic, as well as developments regarding Ukraine and the impact on commodity prices," Kuroda said in a speech to an annual meeting of trust banks.

He stressed the need to maintain the BOJ's massive stimulus to support an economy yet to recover to pre-pandemic levels.

Finance Minister Shinichi Suzuki jawboned markets against pushing down the yen too much, saying earlier that rapid moves in the yen were "undesirable."


Source: The Standard

https://www.thestandard.com.hk/section- ... decade-low

[behappyalways]

号称避险货币的日元，为什么现在不灵了？
https://m.youtube.com/watch?v=ySI0ZpUjvcM

[behappyalways]

走貶情勢剎不住...日圓直直落貶至20新低成"最弱亞幣" 日銀維持寬鬆不變 黑田:貶值有利出口緩和通膨 日本財政岌岌可危？│主播王志郁│【大世界新聞】20220420│三立iNEWS
https://m.youtube.com/watch?v=Mddn57rX4pY

[behappyalways]

"These Are Incredible Moves" - Yen's Problem Is That Japan Will Also See Inflation In 2022
https://www.zerohedge.com/markets/these ... ation-2022

[behappyalways]

As Yen Craters, Japan Begs US For "Coordinated Currency Intervention", Is Rejected By Yellen
https://www.zerohedge.com/markets/no-pl ... n-rejected

[behappyalways]

Yen Craters To 20 Year Low As BOJ Stuns Markets With Daily Fixed-Rate Operations To Defend YCC
https://www.zerohedge.com/markets/yen-c ... defend-ycc

[behappyalways]

As Yen Crash Accelerates, It Puts Catastrophic End Of MMT Experiment In The Spotlight
https://www.zerohedge.com/markets/yen-c ... -spotlight

[behappyalways]

https://www.cnbc.com/quotes/JP10Y-JP

the central bank in a statement reiterated its commitment to the 10-year yield target, saying it will conduct an unlimited fixed-rate operation to buy 10-year Japanese government bonds at 0.25% every day, effectively ensuring a currency collapse.

Yen Craters To 20 Year Low As BOJ Stuns Markets With Daily Fixed-Rate Operations To Defend YCC
https://www.zerohedge.com/markets/yen-c ... defend-ycc

[behappyalways]

There is a conspiracy theory that someone is using the yen to 'shake' Chinese RMB especially now with Chinese economy weakened after the covid in Shanghai...just watch....


Japan On Verge Of Systemic Collapse With "Dramatic, Unpredictable Non-Linearities" In Financial Markets, DB Warns
https://www.zerohedge.com/markets/japan ... rkets-bank

[behappyalways]

日圓跌跌不休 引發97年金融危機重演憂慮 TVBS文茜的世界財經周報 20220619
https://m.youtube.com/watch?v=CpTCqLDu3kE&t=326s