I was on the Business News Network talking about intervention in Japan, whether it has been successful, Libya and the outlook for the FX market. Click on the image to access the video

Posted in 2009 japanese yen, forex blog, japan quake yen 2 Comments »

Prime Minister Kan won the elections last night and Yen traders have interpreted his victory to mean a more relaxed approach towards intervention. This may be true when compared to the pro-intervention stance of Ozawa (his challenger) but the rapid appreciation in the Yen against the U.S. dollar AND the Chinese Yuan has also [...]

Posted in 2009 japanese yen, 2009 japanese yen forecast, Currency Intervention, Japanese Yen, forex blog 14 Comments »

Is the Bank of Japan stepping things up? In a very unusual move, BoJ Governor Shirakawa said earlier today:

“There are substantial fluctuations in the foreign exchange and stock markets mainly against the backdrop of growing uncertainty about the outlook for the U.S economy. The Bank of Japan will carefully monitor such developments and [...]

Posted in 2009 japanese yen, 2009 japanese yen forecast 3 Comments »

I was on CNBC Squawk Box Asia last night talking about all things Asia including the outlook for Japanese Yen, Korean Won and Chinese Yuan.
Here is the clip if you missed the segment

Posted in 2009 japanese yen, 2009 japanese yen forecast, Forex TV, chinese yuan 1 Comment »

Yields on short-term US Treasury debt have fallen to the lowest in history on mounting expectations of extra stimulus from the Federal Reserve. USD/JPY has been doing nothing but tracking yields which means that until yields bottom, USD/JPY will remain under pressure. I’ve been talking about this for weeks now - here’s an updated [...]

Posted in 2009 japanese yen, 2009 japanese yen forecast, forex blog, non-farm payrolls 10 Comments »