Izumi Devalier, Japan Economist at HSBC, discusses Japan's below-view fourth-quarter economic growth data and record current account deficit for January.» Read More
The Greek drama plays on and the Brazilian real crosses a line — it's time for your FX Fix.
Mark Hibbs, MD & Portfolio Manager, Gen2 Partners & David Cook, Associate Professor of Economics, Hong Kong University of Science and Technology discuss the Japanese economy's road to revival as the country approaches an election due on December 16. Cook explains why it is the inefficiency of Japan's business sector, not monetary policy, that is plaguing Japan. Hibbs says that potential leader Shinzo Abe gives some hope to market participants who may be pessimistic about the current governor's policy implementations.
Sean Darby, Global Head of Equity Strategy, Jefferies says that the Bank of Japan is stuck in a corner and it has to act on monetary policy to appease the population.
Nick Verdi, Director of FX Strategy Asia Pacific ex-Japan, Barclays, says Japan's elections will continue to drive the yen in the near term, but U.S. fundamentals will be the real push to take dollar-yen to the 86 level.
Investors are so down on the euro that this pro thinks it could make a better currency play than the dollar.
The Japanese currency has been beaten up lately, but tax hikes and political currents will keep the pressure on.
Paul Krake, Founder, View from the Peak: Macro Strategies says that the likely LDP win and a less independent BOJ will be bullish for Japanese stocks next year.
Yoshito Sakakibara, Executive Director, Investment Research, JP Morgan Asset Management says there's no doubt that Japan's economy is weakening. He adds that any policy that will help support growth will be badly needed.
The Bank of Japan stands pat and the Greek drama plays on — it's time for your FX Fix.
Callum Henderson, Global Head of FX Research at Standard Chartered, says the currency market is optimistic over the euro zone's outlook despite the downgrade of France by ratings agency Moody's.
Ben Collett, Head of Japanese Equities, Louis Capital Markets says that Japan's central bank is unlikely to move on rates until after the general elections.
A political call for monetary easing is roiling the yen and upending traders' longstanding risk-based strategies.
Expectations for aggressive monetary easing by the Bank of Japan (BOJ) are driving the yen lower, but economists rule out such policy action when the central bank concludes a two-day policy meeting on Tuesday.
Japanese stocks have rallied over five percent in the past week on the prospect of the opposition Liberal Democratic Party (LDP) - a proponent of unlimited monetary easing – winning a majority in the December elections, and analysts forecast bumper gains for the country’s equity markets if this scenario plays out.
David Forrester, Senior Vice President of G10 FX Strategy at Macquarie, suggests selling the euro against the dollar on rallies back towards the 1.30 level as Greek financing talks will likely have limited impact.
Richard Yetsenga, Head of Global Markets Research, ANZ says Japan is likely to hurt fiscal financing if it succeeds in lowering the yen, as JGB yields will probably rise above 1% with more policy intervention.
Russell Jones, Global Head of Fixed Income Strategy, Westpac Institutional Bank sees a prolonged period of yen weakness if the Bank of Japan takes a more aggressive stance, following the potential leadership changes in Japan.
The currency markets should be less volatile ahead of the U.S. holiday, and that means good news for a key risk-sensitive currency.
Yet another change of leadership in Japan and the prospect of more aggressive monetary easing have sent the safe haven yen tumbling to a six-month low and currency strategists tell CNBC the days of a strong yen may finally be over.
Ed Moya, Chief Currency Strategist at Trading Advantage says that Japan's intervention in the currency market has not helped much and that the yen rally is set to stay for a little bit longer.