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Yen edges up ahead of US-Japan trade talks

“Elsewhere in the currency market, the New Zealand dollar slid as its central bank staked out a dovish policy” reports cnbc.com. The yen edged up to its strongest level against the dollar in nine days on Thursday ahead of trade talks between the United States and Japan and speculation over when the Japanese central bank will exit its ultra-easy monetary policy.The speculation about the timing of an eventual exit from the BOJ’s ultra easy policy stance, along with caution ahead of the trade talks, led to the Japanese currency strengthening…

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Yuan, Aussie slip on US tariff report; yen on defensive

“I expect the yen to test this year’s low around 113 yen to the dollar,” he added” writes China Photos for cnbc.com. The yuan dropped 0.35 percent in early trade to 6.8271 per dollar after Bloomberg reported on Washington’s new tariff plans, which would heighten trade tensions with China.The U.S. dollar dipped 0.1 percent against the yen to 111.74 though it still maintained a large part of its 0.73 percent gains made on Tuesday following the BOJ’s forward guidance on rates. Source: cnbc.com Share This:

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Japan’s yen slides as BOJ fails to move toward normalization

“Over the month of July, the yen slipped 1.1% versus the dollar, and 1.2% against the euro, according to FactSet” writes Anneken Tappe for marketwatch.com. The Japanese yen USDJPY, +0.75%  sold off in response, with one dollar last fetching ¥111.90, up from ¥111.06 late Monday in New York and at a 1.5-week high.Versus the euro EURJPY, +0.74% the yen also slipped, and one euro bought ¥130.96, up 0.8%.The Japanese yen was one of the worst performers among the U.S. dollar’s main rivals on Tuesday, trading lower after the Bank of…

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The Bank of Japan tweaks policy

“Reuters/Toru Hanai The Bank of Japan (BoJ) made a raft of small tweaks to monetary policy settings at the conclusion of its July meeting, introducing a forward guidance on policy rates, more flexibility in bond purchases and tweaks to its stock ETF purchases” writes Business Insider Australia for businessinsider.com. While the bank introduced a few changes, none signals a definitive shift in policy direction. Source: businessinsider.com Share This:

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Japan’s central bank keeps policy steady

“Japan’s central bank on Tuesday kept its policy steady as widely expected” writes unknown author for cnbc.com. The big news out of the central bank is that it would make its policy framework more flexible for the long-term yield target. The BOJ’s policy meeting comes ahead of the Federal Reserve’s Federal Open Market Committee’s monetary policy meeting on Tuesday U.S. hours, with a decision due on Wednesday from the American central bank.After all, many Asian countries have already adopted inflation target ranges,” DBS analysts wrote in a note before the…

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BOJ to mull ways to make stimulus sustainable amid weak inflation

“But the bank said it would allow long-term rates to fluctuate depending on economic and price developments, and conduct its asset purchases more flexibly” writes Midwest Communications Inc for 95kqds.com. While doing so, the yields may move upward and downward to some extent mainly depending on economic and price developments,” the central bank said in a statement announcing the policy decision.The decision underscored the challenges the BOJ faces as stubbornly weak inflation forces it to maintain a massive stimulus program despite the rising costs of prolonged easing. Source: 95kqds.com Share This:

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Asian shares slip on tech rout, focus shifts to BOJ

“The dollar index, which measures the greenback against a basket of major currencies, was flat at 94.332” writes Midwest Communications Inc for 95kqds.com. MSCI’s broadest index of Asia-Pacific shares outside Japan was mostly unchanged at 543.23 as were Australian shares.”We would look to fade the recent yen rally ahead of the BoJ,” analysts at NAB said.Speculation that the BoJ will dial back its easing also saw yields on Japanese Government Bonds tick up overnight.South Korea’s Kospi index dipped 0.1 percent despite solid second-quarter results from Samsung Electronics which posted a…

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Yen strengthens vs dollar ahead of BOJ decision

“The yen edged up against the U.S. dollar on Tuesday as investors braced for the highly-anticipated policy decision later in the day from the Bank of Japan” writes Tyrone Siu for cnbc.com. The dollar has eased more than 2 percent since hitting a six-month peak of 113.18 yen on July 19, following speculation the BOJ was gearing up to tweak its policy.The dollar was 0.1 percent lower at 110.93 yen, with markets preparing to see whether the Japanese central bank is considering steps to tweak its massive stimulus program to…

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Markets are focusing on Japan’s central bank. Here’s what experts predict

“Estimates for the new yield target ranged from 0.1 percent to 0.2 percent” writes Weizhen Tan for cnbc.com. Generally speaking, greater banking activity leads to greater economic activity and higher inflation.With Japan’s 10-year government bond yield target now at zero percent, seven among 19 bank and asset managers polled by CNBC said the BOJ could alter that target.Yet despite that recent downgrade, two banks — Goldman Sachs and J.P. Morgan — told CNBC they anticipated the central bank could again cut its inflation target.With inflation in Japan expected to remain…

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