Tokyo Exchange to offer meeting-based BoJ rate futures
Tokyo Financial Exchange to launch TONA futures for BoJ meeting-by-meeting rate bets, targeting improved hedging and pricing clarity.
Tokyo Financial Exchange to launch TONA futures for BoJ meeting-by-meeting rate bets, targeting improved hedging and pricing clarity.
Japan's inflation-adjusted wages rose 1.5% in August, the eighth straight monthly gain, bolstering the Bank of Japan's case for further rate increases.
The Reuters Tankan survey showed Japanese manufacturer confidence at a near five-year high, while services fell six points.
BOJ board member Ayano Sato backs gradual rate hikes but no pre-set schedule, citing accommodative conditions and oil cost risks.
BoJ's Sato backs further rate hikes but expresses concern over consumption and avoids specifying timing. USDJPY trades in a narrow range near moving averages.
BOJ Governor Ueda said underlying inflation is nearing 2%, with markets pricing about 64% odds of a December hike.
The BOJ may signal in October that underlying inflation has roughly reached 2%, giving markets more reason to expect a December rate hike.
Bank of Japan Governor Ueda speaks in Tokyo on Tuesday. Traders look for signals on a possible October rate hike.
BOJ Deputy Governor Uchida said AI has been a positive demand shock, raising prices, but warned of a correction risk if profits fail to keep pace.
Japan's services PMI slipped to 51.3 in September, with employment rising at the fastest pace in months and price pressures remaining strong, supporting a…
MUFG recommends shorting EUR/JPY at 177.50, targeting 172 as French bond stress and expected BoJ hikes weigh on the cross.
Japan's finance minister Katayama pledges to review 7 trillion yen idle funds, while economy minister Kiuchi says Japan no longer needs excessively loose…
Tokyo core CPI rose to 2.7% in September, beating forecasts and strengthening the case for a BOJ rate hike.
Tokyo core CPI for September expected to rise 2.4% y/y, reinforcing case for further BOJ rate hikes. Release at 2330 GMT.
Yen slides on hawkish BOJ signals; Nikkei leads Asian markets higher on tech results and trade news.