Before you know it, the Bank of Japan will be delivering their monetary policy announcement. Far less attention has been paid to the BoJ announcement than last’s ECB or RBNZ meetings and for good reason. For the past few years, the central bank has been more reactive than proactive and never one to opt for [...]

Posted in 2010 japanese yen forecast, Bank of Japan No Comments »

It has been a while since I provided updated numbers for the market’s rate hike expectations and I will chalk it up to my travels! Rate expectations are always changing and a lot has happened over the past month. Its always important to keep track of them because they reflect what investors are [...]

Posted in 2010 japanese yen forecast, 2011 british pound forecast, 2011 cad forecast, 2011 dollar forecast, 2011 euro forecast, Bank of Canada, Bank of England, Bank of Japan, Bernanke, Fed rate hike, Federal Reserve, forex blog No Comments »

I was on CNBC Power Lunch this afternoon talking about the Japanese Yen and intervention risk.

Posted in 2009 japanese yen forecast, 2010 japanese yen forecast, Japanese Yen, forex blog, japan quake yen, japanese retail positioning, japanese yen record low 1 Comment »

The sharp rise in the Japanese Yen has triggered a lot of talk of repatriation by Japanese investors and the price action of the Japanese Yen certainly suggests that this could be true, but has the earthquake really put investors offline? I did some research on this and here’s what I found:
1) The MoF publishes [...]

Posted in 2010 japanese yen forecast, Japanese Yen, forex blog, japan quake yen, japanese retail positioning No Comments »

The sell-off in USD/JPY this evening is one of the top 5 largest moves ever for USD/JPY. Whenever USD/JPY experiences such sharp volatility over a short period of time, the Bank of Japan usually comes in to quell the volatility. The following table shows the Bank of Japan’s actions in response to the [...]

Posted in 2010 japanese yen forecast, Japanese Yen, boj intervention, forex blog, japan quake yen, japanese yen record low, jpy record low 5 Comments »