Tankan Backs BOJ Tightening, but Yen Rate Expectations Ease
Japan’s Tankan supports further BOJ tightening, although softer rate expectations could limit support for the Japanese yen.
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USDJPY Forecast Intervention Fears Clash with Dollar Strength
Recent trading sessions have produced mixed results for the Japanese yen. By the end of last week, USD/JPY had fallen by more than 1.00%, reflecting a modest recovery in the yen. However, the start of this week has seen the pair move slightly back in favor of the U.S. dollar, posting gains of around 0.04%.
USD/JPY Analysis: Is the Yen Still Weak Despite the BOJ Rate Hike?
The Japanese yen continues to face challenging conditions in the short term. By the end of the week, USD/JPY had gained nearly 2.00% over the previous five trading sessions, highlighting ongoing weakness in the yen and showing that the U.S. dollar continues to gain ground.
Japanese Yen Outlook: Firmer CPI Fails to Lift JPY
Japan CPI strengthened the case for a September BOJ hike, yet the yen remains weak as traders weigh intervention, yields and higher oil prices.
AirTrunk IPO: Everything you need to know about AirTrunk
AirTrunk is one of the largest hyperscale data centre developers in Asia-Pacific. Based in Australia, the company is exploring a listing on the ASX that could value them at AU$10 billion.
Rakuten Bank IPO: Everything you need to know about Rakuten Bank
Rakuten Bank is set to be Japan’s biggest IPO since 2018. The online banking arm of Rakuten Group Inc. is valued at over $800 million