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In the time (dis)honored tradition of Haruhiko Kuroda, the former governor of the Bank of Japan, Japan likely conducted its second currency intervention this week, current account figures from the central bank suggest, in another sign of the government’s intensified battle to prop up the yen. Tokyo’s latest entry into the market was likely around ¥3.5 trillion ($22.5 billion), based on a comparison of Bank of Japan accounts and money broker forecasts. The BOJ reported Thursday that its current account will probably fall ¥4.36 trillion due to fiscal factors on the next business day of Tuesday. That compares with the...

The yen floundered near a fresh 24-year low on Thursday, while sterling held onto overnight gains as investors skittishly await an impending deadline for the end of the Bank of England's emergency bond-buying programme. The yen hit a trough of 146.98 per dollar overnight - its lowest The yen floundered near a fresh 24-year low on Thursday, while sterling held onto overnight gains as investors skittishly await an impending deadline for the end of the Bank of England's emergency bond-buying programme. The yen hit a trough of 146.98 per dollar overnight - its lowest since August 1998 - and last...

At the end of March, we warned that the “Yen was At Risk Of “Explosive” Downward Spiral With Kuroda Trapped“… Yen At Risk Of “Explosive” Downward Spiral With Kuroda Trapped… And Why China May Soon Devalue https://t.co/8UbeP36cJL — zerohedge (@zerohedge) March 30, 2022 …. and that, more or less, is what happened with the Japanese currency subsequently suffering the longest stretch of daily losses in history with 13 consecutive days of losses. And absent the occasional short squeeze, it is unlikely that this relentless trend lower in the yen trajectory will change any time soon as it comes at the...

I saw a huge waterfall pouring over a beautiful rock formation and the water looked like liquid glass so pure and transparent you could see all the rocks behind it . All around the base of the waterfall were people and they were enjoying the refreshing spray and droplets covering them as a beautiful misty spray and the droplets just seemed to hang in the air effortlessly and the sound of the waterfalls was the roar of His Voice. As I looked over where the water goes over the falls I saw Jesus with his bare feet standing in the...

The dollar set fresh multiyear highs against the euro and the yen in Asian trade Tuesday, as market participants bet on the continuing divergence in monetary and economic conditions in the U.S., the eurozone and Japan.

Tyler Durden 12/30/2014 USDJPY has tumbled overnight back below 119.50, dragging stocks (equity futures now at session lows) and Treasury yields with it. But it appears the Gold/Yen trade that is reacting most significantly as a huge volume flushes through futures markets spiking Gold back above $1200...(snip)

MAULDIN: I'm So Sure Japan Is Screwed That I'm Converting My Mortgage Into Yen John Mauldin, Thoughts From The FrontlineJune 9, 2013, 9:30 AM Wikimedia Commons Banzai! Banzai! Banzai!I shot an Arrow into the air It fell to earth I know not where…. - Henry Wadsworth Longfellow As kids, not knowing that we were being politically incorrect on so many levels, we would shout “Geronimo!” when we were playing war or getting ready to do something reckless. (For those not familiar, Geronimo was a rather fearsome Apache chief who plagued Mexico and the American cavalry.) Sam Houston and his fellows...

ABEGEDDON: Yen Surging, As Markets Violently Turn Against Japan Matthew Boesler June 6, 2013, 12:25 PM One of the big stories in global markets today is how the long-U.S. dollar, short-Japanese yen trade seems to be completely unwinding. The dollar is currently trading around ¥96.30 to the yen and is down 2.9% on the day after hitting a low of ¥95.89 earlier. Per Bloomberg TV's Sara Eisen, that's the biggest single-day drop in the currency pair in 3+ years. It seems like the market has not been re-assured by recent rumblings out of Japan, where the "Abenomics"-fueled rally in stocks...

Start buying Chinese currency, guys. It's going to be big time.

The yen slid to a 4-1/2-year low against the dollar on Friday, triggering a sell-off in oil and gold as well as safe-haven U.S. and German debt, after recent signs of strength in the U.S. labor market added to bullish sentiment on the dollar. Wall Street surged at day's end, pushing both the Dow and the S&P 500 to record closing highs. Data on bond holdings in Japan showed the Japanese were buying more foreign assets, and the yen's collapse reverberated throughout financial markets. Conflicting signals about how investors view the economic outlook added to the yen's wide impact. The...

The U.S. Treasury on Friday warned Japan not to actively weaken its currency as it again refrained from naming China a manipulator. In its twice-a-year assessment of whether any nation is a currency manipulator, Treasury said it will “closely monitor” Japan’s policies and the extent to which they support the growth of domestic demand. The new Shinzo Abe administration has pushed for aggressive bond-buying at the Bank of Japan, and the yen has dropped 13% against the dollar this year. The Japanese currency rose in Friday afternoon trade after the report was released. … China, meanwhile, escaped being branded a...

The yen plunged to its lowest level in nearly four years and showed no signs of slowing its weakening trend in response to the Bank of Japan's latest push to ease monetary policy. Investors have been aggressively selling the Japanese currency since policy makers at the BOJ announced last week they will print trillions of yen to pump money into Japan's sluggish economy in a bid to keep interest rates low and spark faster growth. "Both Japanese and non-Japanese investors appear to be selling Japanese government bonds equally aggressively," said Michael Woolfolk, senior currency strategist at Bank of New York...

MARKETS FREAK OUT (-217), YEN SURGES AFTER SHOCK SPLIT VOTE IN ITALY: Here's What You Need To Know Sam RoFebruary 25, 2013 Huge swings in the Japanese yen, euro, and U.S. dollar came in the wake of some wild news out of Japan and Italy. First the scoreboard: Dow: 13,784, -216.9 pts, -1.5 percent S&P 500: 1,487, -27.7 pts, -1.8 percent NASDAQ: 3,116. -45.5 pts, -1.4 percent And now the top stories: * Over the weekend, reports surfaced that Japan would be sending a Haruhiko Kuroda to head the Bank of Japan. Kuroda, the head of the Asian Development Bank,...

Kyle Bass Puts A Timeframe On His Infamous Prediction Of A Japanese Collapse Julia La RocheJanuary 18, 2013CNBC screengrab Texan hedge fund manager Kyle Bass, the founder of Hayman Capital Management, was on CNBC from the floor of the NYSE talking Japan, housing and the Fed moments ago. Bass, who if famously bearish on Japan, has timestamped his trading saying that the turn will come 18 to 24 months from now, NetNet's John Carney pointed out on Twitter. He's been predicting a debt collapse for a long time, but with nothing to show for it.

Japan's finance minister said Friday that U.S. authorities should seek a strong dollar, making the most straightforward call yet from Tokyo's new leadership on Washington to help correct the yen's strength against the U.S. currency. Taro Aso, citing the U.S. currency's level being still below where it stood versus the yen when he served as prime minister in 2008-2009, said: "The U.S. ought to work toward making the dollar strong." He also played down the notion that the recent efforts by the new administration led by Prime Minister Shinzo Abe to weaken the yen could spark a devastating global race...

Here's What's Behind The Collapse Of The Japanese Yen — The Biggest Economic Story In The World Joe WeisenthalDec. 27, 2012, 7:26 PM Earlier we joked that lost in all of the Fiscal Cliff shuffle was the fact that the yen has been getting clobbered. SocGen's FX guru Kit Juckes jokingly responded that far from getting "lost" the yen carnage was actually the only game in town. Indeed this is really the huge story in global markets right now. In addition to being a major shift in one of the world's biggest and strongest currencies, it affects all sorts of...

KYLE BASS: Japan Will Have A Bond Crisis Because It Takes 31 Million Years To Count To 1 Quadrillion Joe WeisenthalDecember 27, 2012There's a video floating around of Kyle Bass reiterating his case that Japan is going to go bust. His first reason: Because Japan has 1 quadrillion yen worth of debt, and it would take you 31 million years to count to one quadrillion.(Click to the site to see the video)

Global Debt Crisis: Greece -> Europe -> Japan? From my previous article: Greece and Portugal are stuck in a very vicious cycle. Greek and Portuguese sovereign bond yields have risen substantially making it nearly impossible for these nations to roll over the debt with yields they can pay. For Greece, rising yields have brought it to the edge of default several times. To prevent a Greek default, the Troika (European Commission, International Monetary Fund, European Central Bank) has been sending large tranches of money to Greece to keep Greek bonds afloat and the Greek government solvent. Last year Portugal became...

Yesterday the Japanese Finance Ministry made a whopper of an announcement: in the year ending March 2013, total Japanese debt will surpass one quadrillion yen, or ¥1,086,000,000,000,000. This is roughly in line with the Zero Hedge expectations that by this March total Japanese debt would surpass one quadrillion yen. In USD terms, at today's exchange rate, this is precisely $14 trillion. And while smaller than America's $15.4 trillion (net of all post debt ceiling breach auctions), which was $14 trillion about a year ago, the GDP backing this notional amount of debt, which just so happens is greater than...

ALERT: Yen Plunges Big-Time After Japan Intervenes In The Market Joe Weisenthal Oct. 30, 2011, 9:50 PM After watching its currency hit new post-WWII high after post-WWII high against the dollar, finally Japan has moved to intervene. Here's a chart of the dollar vs. yen via FinViz. As you can see, the dollar has surged against the yen in the past few minutes. The super-strong yen has been a source of major consternation for Japanese exporters, for whom the strong yen has made business difficult. Nintendo, for example, blamed the super-strong yen for a quarterly loss.