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Yen reportedly under pressure from firm dollar as central banks turn hawkish

Reuters reporting shared by a user via Mint put the yen at 157.33 per dollar early on September 22, as traders bet Japan would struggle to keep pace with other central banks' shift toward tighter policy.

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3 Sources, 9d ago, first seen 9d ago

TLDR

The yen faced pressure from a firm U.S. dollar and Japan's wide interest-rate gap with major peers, according to a Reuters report shared by a user via Mint on September 22. Reuters said a Japanese holiday and the risk of intervention kept currency moves contained. The report cited Nikkei reporting that Japan had checked dollar/yen rates on September 18—a step Reuters described as often preceding market intervention.

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44.7K

3 Sources, first seen 9d ago

12 likes7 comments6 reposts

Combined views

44.7K

3 Sources, first seen 9d ago

12 likes7 comments6 reposts

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3 Sources

@LdyheartYen squeezed as hawkish turn grips central banks * Yen under pressure from firm US dollar * Cryptocurrencies rally; bitcoin hits an eight-month high * Japan has wide interest-rate gap with peers SINGAPORE, Sept 22 (Reuters) - The yen was under pressure from a firm dollar on Tuesday as traders wagered on policymakers in Japan struggling to keep up with a hawkish turn by global central banks, leaving the country's interest rates at a wide gap with major peers. Moves were contained thanks to a holiday in Japan and because of the risk of intervention, after the Nikkei newspaper reported Japan checked dollar/yen rates on Friday. Such a move is often a precursor to stepping into the market. After drifting lower on Monday, the yen traded at 157.33 versus the dollar early on Tuesday, while broader financial markets were buoyed by falling oil prices. https://www.livemint.com/market/yen-squeezed-as-hawkish-turn-grips-central-banks-11790038403638.html
@ReutersYen extends losing streak as traders question BOJ's rate-hike pace https://reut.rs/4h5t3Qy https://reut.rs/4h5t3Qy
@japantimesA three-day holiday through Wednesday is set to reduce trading liquidity. 👉 https://ebx.sh/E08V1j
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    3 Sources

    @LdyheartYen squeezed as hawkish turn grips central banks * Yen under pressure from firm US dollar * Cryptocurrencies rally; bitcoin hits an eight-month high * Japan has wide interest-rate gap with peers SINGAPORE, Sept 22 (Reuters) - The yen was under pressure from a firm dollar on Tuesday as traders wagered on policymakers in Japan struggling to keep up with a hawkish turn by global central banks, leaving the country's interest rates at a wide gap with major peers. Moves were contained thanks to a holiday in Japan and because of the risk of intervention, after the Nikkei newspaper reported Japan checked dollar/yen rates on Friday. Such a move is often a precursor to stepping into the market. After drifting lower on Monday, the yen traded at 157.33 versus the dollar early on Tuesday, while broader financial markets were buoyed by falling oil prices. https://www.livemint.com/market/yen-squeezed-as-hawkish-turn-grips-central-banks-11790038403638.html
    @ReutersYen extends losing streak as traders question BOJ's rate-hike pace https://reut.rs/4h5t3Qy https://reut.rs/4h5t3Qy
    @japantimesA three-day holiday through Wednesday is set to reduce trading liquidity. 👉 https://ebx.sh/E08V1j
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