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Showing 51 - 60 of 1017 results for "Yen"

Chief economist update: Onwards and downwards to a recession?

BENJAMIN ONG  |  THURSDAY, 17 MAY 2018
... connection between the forecast and policy actions." This prompted speculations of a policy exit that in turn, sent the Japanese yen and the yield on 10-year Japanese government bond yields higher, nullifying the BOJ's efforts. It appears that in ...

Chief economist update: Fed's on target, BOJ takes out target

BENJAMIN ONG  |  THURSDAY, 3 MAY 2018
... more difficult for the BOJ to achieve its goals. As seen in early March, speculations of an exit alone led to a jump in the yen and 10-year Japanese bond yields - conditions that would, at best, slow the BOJ's progress towards achieving 2% inflation." ...

Chief economist update: A$ falls to the occasion

BENJAMIN ONG  |  WEDNESDAY, 2 MAY 2018
... tender is tendering less against all major currencies: down 3.5% against the US$; down 4.1% on the euro; down 6.3% against the yen; down 5.2% versus the pound; down 6% vis-a-vis the renminbi; and, down 4.3% on the trade weighted index. The Australian ...

Chief economist update: Japan's other war

BENJAMIN ONG  |  THURSDAY, 5 APR 2018
... But this could also be that the recent volatility in the financial markets is prompting safe-haven purchases of the Japanese yen. The yen has appreciated by 6.1% versus the greenback this year to date (after recording a 3.1% increase in 2017). It goes ...

Chief economist update: Hostage to speculations

BENJAMIN ONG  |  FRIDAY, 16 MAR 2018
... policy if economic and financial market agents continue to "hear what they want to hear and see what they want to see." The yen rose to its highest level since November 2016 and the yield on 10-year JGBs doubled (to 0.06% from 0.03%) in early March after ...

Chief economist update: The yen's on the up and up

BENJAMIN ONG  |  FRIDAY, 16 FEB 2018
Instead of reversing, the yen continued to climb after Japan's Cabinet Office released the country's National Accounts showing that economic growth slowed to an annualised rate of 0.5% in the December quarter from 2.2% in the previous three-month period. ...

Chief economist update: Red light on greenback

BENJAMIN ONG  |  THURSDAY, 25 JAN 2018
... growth on. Year-to-date, the greenback is down 3.0% against the euro, down 4.9% versus the pound and down 3.1% vis-a-vis the yen. This is on top of the dollar's depreciation in 2017 of 3.0%, 4.9% and 1.5%, respectively. The Australian dollar has risen ...

Chief economist update: No stealth tapering, no exit strategy...yet

BENJAMIN ONG  |  WEDNESDAY, 24 JAN 2018
... around the system, the Nikkei-225 index jumped 1.3% to close at its highest level - 24,124.15 points - in 26 years despite the yen's advance to a ¥110.41 close versus the greenback from ¥110.92 before the BOJ decision and ¥112.63 at the start of 2018. ...

Chief economist update: One hike this year, one hike next year

BENJAMIN ONG  |  WEDNESDAY, 17 JAN 2018
... exchange rate has appreciated by 2.2% -- it's risen by 5.4% against the US dollar, 0.6% versus the euro and 2.5% vis-a-vis the yen over the same period. Just as Sterling's past depreciation pushed up import prices that, in turn, flowed through into higher ...

Chief economist update: A prelude to taper?

BENJAMIN ONG  |  WEDNESDAY, 10 JAN 2018
... (BOJ) announcement that it's trimming ¥10 billion off its purchases of 10 to 25-year and 25 to 40-year JGBs sent the Japanese yen 0.5% higher against the US dollar to ¥112.43 after it sparked renewed taper speculations. While Bloomberg points out that ...