Jump to content
House Price Crash Forum
Sign in to follow this  

Bloomberg: More I R Woes To Come As Bo J Consider Hiking

Recommended Posts

Long time no hear?


Yen Climbs to Two-Week High as Fukui May Signal Rate Increase
By Chris Young and Kosuke Goto
Sept. 5 (Bloomberg) -- The yen rose to a two-week high against the dollar and gained versus the euro on speculation Bank of Japan Governor Toshihiko Fukui will signal the need for further interest-rate increases after a policy meeting this week.
Traders have increased wagers on a rate rise in coming months after a report yesterday showed Japanese companies spending at the
fastest pace in five years
. The currency has rebounded after falling to a six-week low against the dollar last week, when a record number of investors were betting on declines.
``Overseas funds are buying the yen,'' said Satoshi Tate, a senior vice president of the foreign-exchange division in Tokyo at Mizuho Corporate Bank Ltd., a unit of Japan's second-largest lender by assets. ``There's speculation the BOJ Governor may not be so dovish'' after the meeting ends on Sept. 8.

Share this post

Link to post
Share on other sites

Interestingly, yesterday the FT were reporting that the yen carry trade was 'back with a vengeance', because hedge funds weren't expecting more rises in the near future.

Share this post

Link to post
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.

Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.

Sign in to follow this  

  • Recently Browsing   0 members

    No registered users viewing this page.

  • 302 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?

      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%

  • Create New...

Important Information

We have placed cookies on your device to help make this website better. You can adjust your cookie settings, otherwise we'll assume you're okay to continue.