JPY

Japan observes record number of foreign visitors in July

• The streak continues as a weaker yen continues to fuel the tourism industry

Potential candidate for Japan PM supports BOJ continuing to hike rates

• Katsunobu Kato, interview with Bloomberg

USD/JPY swings have continued again today

• 145 - 145.50 laps (Actual range closer to 144.95 - 145.60)

Japan - July exports +10.3% y/y (expected +11.4%) & imports +16.6% y/y (expected +14.9%)

• Japan trade data for July 2024

HSBC is wary of a lower yen later this week

• HSBS view Bank of Japan Governor Ueda speaking in Japan's parliament a risk factor

JP Morgan says to say goodbye to the carry trade - unlikely to return to predominance

• The report suggests the prime window for carry trades has likely passed.

Credit Agricole: Scope for USD/JPY rally on Powell's speech at Jackson Hole

• Powell speaks Friday at 10 am ET

USD/JPY hits stops below 146.00 as Treasury yields continue to fall

• US 2-year yields down 6 bps

USDJPY Technical Analysis – The trend is still skewed to the downside

• The USDJPY pair remains mostly rangebound as the market weighs the fundamentals. What’s next?

Another session of wide swings for yen crosses

• USD/JPY has traded a range circa 145.85 to 146.86

USD/JPY on the move lower, sharp drop

• No fresh news or data

The vultures are circling Japan with the yen depressed

• Largest inbound Japanese takeover ever

USD/JPY and bond yields are still in lockstep for the most part

• For all the volatility in the Japanese yen lately, the two are still keeping their tight correlation

USD/JPY dribbles lower, returns back to recent consolidation range

• The pair is now down 1% to 146.10 on the day

USD/JPY losses accelerate on the day, under 146.70 now