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Saxo Capital Markets Australia

John Hardy, head of FX strategy at Saxo Group, thinks that the Bank of Japan (BoJ) may initiate a 'reasonably sized stimulus measure' before implementing helicopter money. This could happen after the US election as the BoJ needs to feel comfortable before the next phase of quantitative easing can begin.... Show More

Saxo Capital Markets Australia

The US dollar lost its safe haven play last week when it encountered major resistance from its 200 days moving average level, according to Saxo Capital Markets Sydney-based trader James Kim. In the next few days, the US Dollar Index might be testing re-entering the channel it broke during the... Show More

Saxo Capital Markets Australia

This week the Bank of Japan decided to continue with its QE program. “Governor Haruhiko Kuroda and his colleagues continue to put on a brave face and act as if everything is going according to plan; but it’s not”, says Max McKegg, MD of Technical Research. The BOJ’s outlook showed... Show More

Saxo Capital Markets Australia

CNY vs JPY: An ugly currency war Saxo Bank CIO and Chief Economist Steen Jakobsen is watching the yen versus the yuan. He says that we are seeing an extremely weak Yen and an extremely strong Yuan. China's two main export competitors are Korea and Japan, so Steen sees two deflationary... Show More