Japan's finance minister Katayama pledges to review 7 trillion yen idle funds, while economy minister Kiuchi says Japan no longer needs excessively loose…
Japan's August factory output fell 1.7% against a forecast rise, and retail sales growth slowed, complicating the outlook for near-term BoJ rate increases.
Japan's finance minister said a cheap yen is problematic and pledged close US coordination, keeping pressure on USD/JPY without naming any action.
US concern over Japan's weak yen and bond market stems from Tokyo being the largest foreign holder of US debt, with high yields risking carry trade unwinds…
Japan's top currency diplomat Mimura reaffirmed a strong currency alliance with the US, keeping intervention on the table as the yen strengthens.
USD/JPY slipped to 157.00 as officials from the US and Japan voiced concerns over yen weakness, with coordinated remarks and potential intervention in focus.
The yen strengthened sharply, pushing USDJPY below 158.00, while oil prices fell 2.4% on Iran deal hopes. Stock futures rose and Treasury yields were mixed.
BofA's model signals yen and pound selling, euro buying at month-end. The bank's quantitative signals also point bearish for GBP and JPY.
The yen strengthened 0.6% to 157.95 after Katayama's warning, with traders seeing intervention risk as a ceiling on further weakness.
Japan's finance minister says Trump raised yen weakness in summit; USD/JPY dips below 158.50.
Nikkei reports the Bank of Japan conducted an FX rate check, often a precursor to intervention. USD/JPY fell from 158.00 after the report.
USDJPY jumps toward 158 after BOJ's 25bp hike, but the yen slips as Governor Ueda offers no clear signal for further hikes, while oil and stocks diverge.
BOJ rate hike to 1.25% fails to boost yen; USD/JPY climbs above 157 as split vote raises questions about future tightening.
The Bank of Japan raised its policy rate by 25bp to about 1.25% in a 7-2 vote, signaling further rate hikes ahead but with board dissent.
Treasury Secretary Bessent says a small US outlay signals support for Japan's policies, which is bullish for USD/JPY, now at 155.09.