"Japan" tag
us-interest-rate

Will What the Fed Says be More Important than What it Does?

The focus is squarely on the Federal Reserve today. There is nearly universal agreement that it will lift the target by 25 bp. The market is inclined to see the shift as a sign that...

short-stories-japan-rising-sun-dream-come-true-marketexpress-in

Short Stories: Japan & Rising Sun -‘Wow’! It’s a dream that came true

Last summer vacation we went to the UK and saw some places and enjoyed them. Being a travel buff, I love to explore places, particularly the east of Asia. Japan has been on my mind...

boj-market-marketexpress-in

With Trepidation, the Market Awaits the BOJ

With the market nearly ruling out a 50 bp hike by the Federal Reserve on February 1, the interest rate adjustment appears to have largely run its course. This may be helping to ease the...

us-interest-rate

It is not So Much about the Fed’s hike Today but the Forward Guidance

A consolidative tone has emerged ahead of the outcome of the FOMC meeting later today. The focus is not so much on the 75 bp rate hike, but on its forward guidance. Many expect the...

sterling-uk-marketexpress-in

Bank of England Steps in to Buy Inflation-Linked Bonds for the First Time

The dollar continues to ride high. It reached its highest level against the yen since the recent intervention. The Canadian dollar has fallen to its lowest level in two-and-a-half years and the New Zealand dollar...

Rupee Invoicing: A regime shift

It is commonly known that the dollar, the pound, the euro, and the yen dominate the world’s trade invoicing currencies. Regardless of origin and destination, exports and imports of nations frequently use these currencies, with...

market-marketexpress-in

Calmer Capital Markets…for the Moment

The capital markets are quiet today. Equity markets and bond yields have a slight upside bias, while the dollar is little changed. Despite reports that the lockdown in Chengdu is easing, Chinese equities underperformed in...

sterling-uk-marketexpress-in

Aussie Sells Off After RBA Hikes 50 bp while Sterling Bounces on UK New Initiative

A GBP130 bln initiative by the new UK government to protect households from the surge in power costs helped lift sterling from 2.5-year lows. The Reserve Bank of Australia delivered the expected 50 bp rate...

Europe -MarketExpress

Surging Energy Prices Pushing Europe Closer to Recession

The poor eurozone PMI underscores likely recession and weighs on the single currency, which was sold to a new 20-year low.  Rather than a “Turn Around Tuesday”  a broadly consolidative session is unfolding. Asian and...

market-marketexpress-in

Market Prices in More Aggressive Fed AND is more Confident of Rate Cuts by the End 2023

The higher-than-expected US CPI and the strong expectation of a 100 bp hike by the Fed in two weeks is propelling the dollar higher. It jumped to almost JPY139.40 and the euro is off more than...

turkey-lira-marketexpress-in

Turkey gets a Reprieve before US Thanksgiving, but Capital Strike may not be Over

The dramatic collapse of the Turkish lira was like an accident one could not help look at, but it was not an accident, but the result of a disregard for the exchange rate and compromised...

Eyes Turn to the ECB and the First Look at Q3 US GDP

The market awaits the ECB meeting and the first look at the US Q3 GDP.  The pullback in US shares yesterday was a drag on the Asia Pacific equities.  It is the first back-to-back loss...