YCS News | Roxom Stocks

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YC

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US Companies In Japan Wary On Market Intervention As Yen Hits 34-Year Low Vs. DollarU.S. commodity exporters and pharmaceutical companies are among the top traders, with Japan casting a cautious eye toward the foreign exchange markets, in the coming days. Top exporters with significant Japanese interests include Exxon Mobil Corp (NYSE:XOM) and Chevron Corp (NYSE:CVX). The weak yen which, on Wednesday, fell to a 34-year low against the dollar, has been a boon for Japanese exporters, but it makes the country’s imports more expensive. But it’s a stable economy with low — almost non-existent — levels of inflation, which make it an attractive investment location for many U.S. companies. Also Read: Magnificent 7 Stocks Become The Star Attractions For Norway’s Sovereign Wealth Fund Supporting The Yen In The FX Market? However, Japanese monetary authorities could be about to throw confusion into the dealings between the two countries, as there’s talk of market intervention by the Bank of Japan to prop up the ailing yen. Earlier this month the BoJ raised its key interest rate for the first time in 17 years. Edging the rate from ...Full story available on Benzinga.comBenzinga · Mar 27, 2024

Dollar Dives Vs. Yen: BoJ Governor Signals End In Sight For Negative Interest RatesThe U.S. dollar fell sharply against the Japanese yen on Thursday as foreign exchange traders interpreted comments by Bank of Japan governor Kazuo Ueda to suggest the central bank will soon end its negative interest rate policy. The U.S. currency fell 2.6% against the yen (USD/JPY) in early trading on Thursday. The yen also gained strongly versus other rivals, climbing 2.4% against the euro and 2.7% on the U.K. pound. Exchange traded funds that track both long and short positions on the yen were also big movers. ProShares UltraShort Yen (NYSE:YCS) fell 3.7%, while the ProShares Ultra Yen (NYSE:YCL), which tracks bullish interest, surged 3.5% early trading on Thursday. Meanwhile, the Invesco US Dollar Index Bullish Fund (NYSE:UUP) was down 0.2% in early trading, while the Invesco US Dollar Index Bearish Fund (NYSE:UDN) gained 0.3%. Policy Tightening Expected From BoJ The moves were in response to comments from Governor Ueda on the sustainability of Japan’s negative rates policy. Ueda said that monetary ...Full story available on Benzinga.comBenzinga · Dec 7, 2023

Week Ahead: Be Ready For BRICS To Disappoint High Hopes For A Dollar AlternativeGet Marc Chandler's insights on the yen's recovery, upcoming market trends, and stay informed for the week ahead. Click here to read the full analysis.Seeking Alpha · Aug 20, 2023

Federal Reserve Hikes Another 75bp With Much More Still To ComeWith inflation proving to be stickier than imagined, the Fed said activity needs to slow much more with the door left wide open for a fourth consecutive 75bp hike in November. Read more hereSeeking Alpha · Sep 22, 2022

Week Ahead - Peak Fed Tightening?A shortened trading week on Wall Street will have traders focusing on the FOMC minutes, a few Fed speakers, and the June nonfarm payroll report.Seeking Alpha · Jul 2, 2022

Week Ahead - ECB To Set Up A July Hike And U.S. Inflation Nears PeakA strong nonfarm payroll report means that the Fed won’t be pausing their interest rate hiking campaign anytime soon.Seeking Alpha · Jun 4, 2022

Week Ahead - Another Action-Packed WeekIt’s likely to be another action-packed week despite numerous countries seeing it shortened by bank holidays.Seeking Alpha · May 28, 2022

Week Ahead - Wall Street WhipsawedIt was a tremendous week of market volatility for every asset class on Wall Street. It is still all about inflation and what will be the reaction from central banks.Seeking Alpha · May 14, 2022

Week Ahead - Unfashionably LateA blockbuster week in store in financial markets and one that begins with bank holidays across various countries.Seeking Alpha · Apr 30, 2022

Macro Themes And Price ActionHeightened inflation and easing of the pandemic restrictions have turned the monetary cycle. China may have removed its supportive efforts too early and has again returned the punchbowl.Seeking Alpha · Feb 20, 2022

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