After a slew of bad data across the globe, the market may need to rejig its expectations for the end of easy monetary policy, some analysts said.» Read More
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.
Michael Woolfolk, MD & Senior Currency Strategist at BNY Mellon says the nominal dollar-yen rate will continue to decline if inflation continues to stay near 0% in Japan.
Greece bites the bullet and Japanese GDP sags — it's time for your FX Fix.
The Japanese economy shrank in the third quarter — the first time since last year — prodding the world’s third biggest economy into recession and prompting its central bank to announce that it will continue “powerful monetary easing” to boost growth.
Natural disasters often boost risk aversion, and Sandy is probably no exception.
The Bank of Japan falls short and Europeans go shopping — it's time for your FX Fix.
Seijiro Takeshita, director at Mizuho International, tells CNBC that the Bank of Japan wants to appear on track but the market perception is that they are falling behind and wanted stronger measures.
Callum Henderson, Global Head of FX Research at Standard Chartered, says the BOJ's asset purchase plan should only be the start of its monetary intervention policy.
Richard Jerram, Chief Economist, Bank of Singapore says the Bank of Japan will probably only inject a 'token' amount of liquidity at its policy meeting. He feels a new leader with a more aggressive approach is needed.