CHFJPY CHF/JPY
- 174.302
- +0.713+0.41%
CHF/JPY News
Japan did not succeed in spending 62 billion US dollars to boost the yen, and the yen exchange rate dilemma is difficult to solve
The yen exchange rate dilemma is difficult to resolve, and the Bank of Japan is now in a dilemma. On Friday May 31, Japan's Ministry of Finance released data showing that in order to support Japan's continued weakness, the Japanese government carried out two significant monetary interventions between April 26 and May 29, investing a record 9.8 trillion yen (about 62 billion US dollars). Most of the capital was spent within four days starting April 29. However, the impact of this huge amount of money invested by Japan on the exchange rate was short-lived. At the end of April, the exchange rate of the US dollar against the yen rose from 160 to 151.85, but just a few days later, the exchange rate on Friday fell back to 1
Japan's Tokyo inflation rebounded in May, providing favorable prospects for interest rate hikes!
Consumer prices excluding fresh food in Tokyo rose 1.9% in May, according to data released by Japan's Ministry of Home Affairs on Friday. Tokyo's inflation data is usually a major indicator reflecting national trends. This indicates that the national inflation data released next month may experience a similar acceleration, causing the Bank of Japan to basically consider the possibility of interest rate hikes in the next few months.
Japan's Suzuki: Important for Currencies to Move in Stable Manner Reflecting Fundamentals
Japanese Finance Minister Shunichi Suzuki said on Friday that “it is important for currencies to move in a stable manner reflecting fundamentals.”
Tokyo's Core Inflation Slows Slightly to 1.9% in May
Tokyo's core consumer price index, which excludes perishables, rose 1.9% year over year in May after a 1.6% increase in April, data from the Statistics of Japan on Friday showed.
Japan's Jobless Rate Unchanged at 2.6% in April
Japan's unemployment rate on a seasonally adjusted basis held steady at 2.6% for three straight months in April, the Ministry of Internal Affairs & Communications reported Friday.
Japan to Answer ¥9.4 Trillion Question on Currency Intervention
Investors will learn Friday if Japan intervened to prop up the yen during the last month, with the beleaguered currency vulnerable to a selloff if authorities were absent or had to spend much more than expected.
Japan's Suzuki: Foerx Level Determined by Market
Japanese Finance Minister Shunichi Suzuki said on Friday that the foreign exchange (FX) rates should reflect fundamentals and he will respond appropriately to excessive FX moves.
Tokyo Inflation Picks Up, Keeping BOJ on Track for Rate Hike
Inflation in Tokyo accelerated in May, keeping the Bank of Japan largely on track to consider a rate hike in coming months.
Japanese Retail Trade Bounces to 2.4% YoY in April, Beats 1.9% Forecast
Japanese Retail Trade grew 2.4% YoY in April, over and above the forecast 1.9% and recovering from the previous period's 24-month low of 1.1%, which was revised even lower from the initial print of 1.2%.
Japanese Tokyo CPI Inflation Rises to 2.2% From 1.8%
Japan's Tokyo Consumer Price Index (CPI) inflation rose to 2.2% YoY in May, climbing from the previous 1.8%. May's CPI inflation in Tokyo rebounded from April's 1.8%, a 26-month low.
First time since 2012! Swaps strongly suggest that interest rates in Japan are about to rise
The interest spread on Japan's 30-year bonds and swaps widened to the largest since 2012.
Swiss Growth Unexpectedly Maintains Pace on Services, Consumers
Switzerland’s economy unexpectedly maintained momentum at the start of the year on services and private consumption, while concerns about struggling exporters persist.
BOJ May Raise Rates Two More Times in 2024, Columbia's Ito Says
The Bank of Japan may raise interest rates two more times this year, but it should refrain from responding directly to the weak yen, according to Takatoshi Ito, a professor at Columbia University.
Swiss Trade Surplus Jumps in April
Switzerland's trade surplus climbed to 3.91 billion francs in April from the revised 3.06 billion francs in March, the Federal Office for Customs and Border Security said Thursday.
SNB's Jordan:There Is Small Upward Risk to the Central Bank's Inflation Forecast
Swiss National Bank (SNB) Thomas Jordan said early Thursday that there is a small upward risk to the bank's inflation forecast.
Weaker Franc Is Key Risk to Swiss Inflation, SNB's Jordan Says
A weaker franc is currently the most likely source of higher Swiss inflation, central bank president Thomas Jordan said, after the currency dropped to its weakest level in more than a year.
Bank of Japan member believes that weak yen may prompt the central bank to raise interest rates earlier
Bank of Japan member Seiji Adachi acknowledged that a weak yen may stimulate price increases, prompting the authorities to consider raising interest rates again earlier than expected. “If the long-term excessive weakening of the yen is predicted to affect the achievement of price stability goals, then responding to monetary policy is an option,” Adachi said in a speech to local business leaders in Kumamoto on Wednesday. As a well-known dovish in the policy committee, Adachi's remarks highlight the dilemma faced by the Bank of Japan. After saying goodbye to negative interest rates in March, the central bank sought prudential policy normalization, while the continued weakness of the yen is likely to fuel inflationary pressure
BoJ's Adachi: Can't Say Now Whether Yen Moves Would Affect Economy, Prices
There was no policy implication to BoJ’s single-day decrease in bond buying.
Japanese Yen Edges Lower, Influenced by Dovish Remarks From BoJ's Adachi
The Japanese Yen (JPY) continues to weaken on Wednesday, influenced by a broad market downturn driven by risk aversion sentiment.
BOJ's Adachi Says Further Policy Changes Need to Proceed Carefully
The Bank of Japan will need to proceed with any further policy changes carefully, policy board member Seiji Adachi said, stressing that the central bank's decision to end easing measures wasn't a shift toward monetary tightening.