Tag Archive: USD/JPY

Has Abenomics Failed? Let us Go for Exchange Rate Targeting and Maintain Stability

2013-06-13

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2013-06-13

Abenomics has failed It was doomed from the very beginning. You cannot create out of risk-averse Japanese risk-tolerating Americans. Public Japanese opinion puts enormous pressure on BoJ policy and on the government; the risks of rising  JGB yields are too high. Japanese hate volatility, the government cannot risk its funding. The emphasis on the word …

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Abenomics: A USD/JPY Trade the Smart Money Banks on

2013-06-08

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2013-06-08

Hedge funds worldwide have been counting on a rise and subsequent fall in USDJPY, and conditions remain intact for that to happen, though not to the extremes that many once expected.

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BoJ: Despite Quantitative and Qualitative Easing No Sign of FX Purchases

2013-04-04

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2013-04-04

percent new vs. old program bank japan
The Bank of Japan has introduced the expected “massive” quantitative and qualitative easing programme. “Quantitative” means increase of quantities of JGBs bought, “qualitative” the purchase of more ETFs, REIT and the loan support program.

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Why the Yen Is Now Fairly Valued, USD back as Preferred Funding Currency

2013-03-15

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2013-03-15

Japan
Producer prices and “real mean reversion” for currencies show that the yen is currently fairly valued. Many momentum factors could, however, speak for some further weakening, while seasonality favours an appreciation. For us, the US dollar is back as the preferred funding currency. The real mean reversion for currencies Some economists, like Goldman’s O’Neill, in the case …

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When Will Hedge Funds and FX Traders Close their Short Yen Positions?

2013-03-05

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2013-03-05

Hedge Funds have lost their power. This year has shown that their only remaining possibility to gain easy money  is a concerted action with some of their friends manipulating currency markets, calling it “currency wars” and creating an unholy alliance with the dovish prime minister Abe. Some of the biggest U.S. hedge-fund investors have made …

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Is a Liquidity Trap Really a Problem? Yen Debasement Part3 by Noah Smith

2013-02-10

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2013-02-10

Thoughts on the Japanese Currency Debasement (part 3) In previous posts we looked on the following aspects of the recent Japanese currency debasement: Overview: What different leading economists – Paul Krugman, Richard Koo, Adam Posen, Kyle Bass – think about the Japanese currency debasement and the way to more private spending and investing instead of …

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Epic Shift in Monetary Policy: Japan goes SNB, Nuclear Option

2013-01-14

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2013-01-14

According to Bloomberg, at least prime minister Abe is taking the nuclear option and is following the SNB in buying foreign assets. This is a huge change in global monetary policy.

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Gold Tells the History of the 20th Century

Gold value and tons per country reserves US Canada Japan Swiss Netherland UK Russia France Italy


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