JPY

Japan's Kanda says ready to take action if excessive FX move seen

• Kanda with some verbal intervention to support the hapless yen

Five reasons why the Japanese yen closed at a 34-year low

• The reasons behind the decline

US Treasury report clears Japan of FX manipulation, but says will monitor them

• The report is up to the end of December 2023. Dated.

USDJPY hits new session high as buyers maintain control

• USDJPY continues upward trend, setting new highs driven by buyer confidence. Sellers struggle to take control below key moving averages.

USD/JPY is on track for the highest close of the year in sixth consecutive gain

• USD/JPY up 64 pips today

Japan top currency diplomat says there is no limit to FX intervention resources

• Remarks by Japan top currency diplomat, Masato Kanda

Japan survey of firms - very few believe wage growth quicker than inflation achievable

• Not bullish on quick enough wage growth to support inflation goal

USDJPY Technical Analysis – The path of least resistance remains to the upside

• The USDJPY pair continues to edge higher towards the intervention level amid the lack of strong bullish drivers for the Yen. What’s next?

Japan's tourism sector continues to flourish going into the summer

• The country welcomed more than 3 million visitors in May, making it a third straight month above that threshold

Japan's Ministry of Finance proposes selling shorter term debt as the BOJ eyes rate hike

Japanese Chief Cabinet Secretary Hayashi giving assurances over troubled Norinchukin Bank

• Japanese banking giant Norinchukin

USD/JPY is little changed after the Bank of Japan April meeting minutes

• Not a lot to chew on in the minutes for USD/JPY?

BOJ April Minutes show some concern about the weak yen on inflation & wages

• Bank of Japan April 2024 Monetary Policy Meeting Minutes

Japan May trade balance data: -1221.3bn yen (vs. -1300 bn yen expected)

• Japan trade deficit data for May 2024

Reuters Tankan report for June 2024: Manufacturing index +6 vs. prior +9

• The monthly Reuters Tankan survey, a guide to the Bank of Japan's quarterly tankan survey.