Haruhiko Kuroda — News Archive

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Japanese Yen Flat Amid Slumping Household Spending, Yield-Curve Control

The Japanese yen is trading relatively flat against many of its major currency counterparts on Tuesday. The yen has been struggling to find direction so far this week as household spending data disappointed and investors try to weigh the central bank’s decision to embark upon a policy of yield-curve control. Although Japan was able to flatten the coronavirus curve, it has reported a renewed uptick in confirmed cases. Will the world’s third-largest […]

Yen Soft on Market Sentiment, Domestic Data, Economic Outlook

The Japanese yen fell against almost all of its most-traded rivals, though not against the US dollar, as the market sentiment was favorable to riskier currencies, not safer ones. Negative domestic macroeconomic data and the gloomy outlook from the Japanese central bank did not help the currency either.

Japanese Yen Strengthens on BoJ’s ‘Whatever We Can’ Approach to Rescue Economy

The Japanese yen is strengthening against its G10 currency counterparts midweek, driven by the central bank’s signal that it would impose additional monetary stimulus to save the world’s third-largest economy. Investors were also bullish on new data showing banks are increasing their lending programs. With Tokyo planning to top up its $1 trillion stimulus efforts, could Japan avoid a financial crisis in the aftermath of the coronavirus?

Japanese Yen Holds Steady As Abe Extends State of Emergency

The Japanese yen is holding steady against its most traded currency rivals to start the week. After disappointing economic data and expanded monetary stimulus announcements last week, the yen is being largely driven by the government’s decision to extend the state of emergency for the rest of May. While Tokyo is bracing for a severe downturn, the tsunami of coronavirus cases has yet to occur.

Japanese Yen Mixed As BoJ Warns of Risks to Financial Stability

The Japanese yen is trading mixed against its most-traded currency rivals as the central bank is sounding the alarm on risks to financial stability in the wake of the coronavirus. This comes as the federal government has unleashed a massive stimulus package that extends a lifeline to consumers and the private sector, which is expected to weigh on Tokyo’s budget. With the country under a state of emergency and policymakers trying everything to stave off a recession, what else could […]

Japanese Yen Strengthens As BoJ Plans to Help Fight COVID-19 Crisis

The Japanese yen is accelerating against several currencies on Tuesday as the central bank announced that it plans to help stabilize financial markets that have been decimated by the coronavirus. With an already fragile economy on the brink of a recession, the Bank of Japan (BoJ) aims to offer liquidity to ensure Covid-19 does not do any more damage to a country that is scheduled to host the Olympic Games in Tokyo. The announcement was not enough […]

Japanese Yen Slips As BoJ Dismisses Further Easing Amid Coronavirus

The Japanese yen is falling against several major currency competitors on Tuesday as the central bank dismissed recommendations for further monetary easing amid the Wuhan coronavirus outbreak. After the People’s Bank of China (PBoC) employed 30 stimulus measures, some analysts had expected the Bank of Japan (BoJ) to follow suit since its economy is anticipated to slump from the virus. New manufacturing data also hurt the yen.

Yen Mixed After Domestic Data, Comments of Haruhiko Kuroda

Japanese yen was mixed today, staying flat against most major currencies but falling versus commodity currencies. The yen managed to gain on the Swiss franc. Domestic macroeconomic data was mixed, giving the Japanese currency no help in finding direction.

Japanese Yen Strengthens Amid Higher PPI, Bank Lending

The Japanese yen is strengthening against multiple currency pairs midweek, driven by better-than-expected banking lending and manufacturing prices. Will this be enough to quash concerns about a possible recession? After last week’s surprise decline in machinery orders, it is unclear where the Japanese economy is heading.

Japanese Yen Rallies in Risk-Off Markets as US Dollar Falls on FOMC

The Japanese yen today rallied against the US dollar in a risk-off market environment as the greenback sold off after yesterday’s FOMC rate decision. The USD/JPY currency pair today crashed to new lows after the release of upbeat housing and construction data from the Japanese docket.

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