Takahisa Tamura

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Japanese Money Piles Into U.S., China Bonds on Rate Cut Expectations

Aug 26, 2024 | caixinglobal.com | Takahisa Tamura

00:00/00:00 您的浏览器不支持 audio 标签。 Listen to this article 1x (Nikkei Asia) — Japanese investors are building up holdings of U.S. and Chinese bonds, as the Federal Reserve looks increasingly ready to cut interest rates next month and China’s central bank lowers borrowing costs to support the economy. Investors in Japan purchased a net 1.85 trillion yen ($12.8 billion) of overseas long-term debt securities for the week through Aug.
Japan money piles into U.S., China bonds on rate cut expectations

Aug 23, 2024 | asia.nikkei.com | Takahisa Tamura

TOKYO -- Japanese investors are building up holdings of U.S. and Chinese bonds, as the Federal Reserve looks increasingly ready to cut interest rates next month and China's central bank lowers borrowing costs to support the economy. Investors in Japan purchased a net 1.85 trillion yen ($12.8 billion) of overseas long-term debt securities for the week through Aug. 17, the highest tally since mid-May, according to data published Thursday by the Finance Ministry.
Ringgit, baht gain against dollar on speculation of U.S. rate cut

Aug 12, 2024 | asia.nikkei.com | Takahisa Tamura

TOKYO -- Asian currencies are strengthening against the dollar across the board as market watchers see a potential rate cut by the U.S. Federal Reserve paving the way for Asian central banks to do the same. The Malaysian ringgit traded in the lower 4.4 range to the dollar on Monday afternoon, softening slightly from the roughly 16-month high marked Aug. 5.
EBS for forex faces challenges as trading platforms diversify

Aug 11, 2024 | asia.nikkei.com | Takahisa Tamura

TOKYO -- The share of transactions on the Electronic Broking System (EBS) is declining in the foreign exchange market, which could undermine its function as a platform for providing indicative market figures. A growing number of banks and hedge funds are turning to their own trading systems, and new electronic platforms are also gaining ground.
Yen gets reprieve as investors see closing gap in Japan, U.S. rates

Jul 24, 2024 | asia.nikkei.com | Genki Ikuta |Takahisa Tamura |Shinichi Tamura

TOKYO -- Downward pressure on the yen is easing as more investors reverse their bets against the currency, expecting the gap between Japanese and U.S. interest rates to start narrowing later this year. The yen reached the 153 range against the dollar on Wednesday afternoon, its strongest level since mid-May. The Japanese currency has also been trending up against the euro and the pound since Monday afternoon.
Uncertainty over Trump, dollar plays havoc with yen carry trade

Jul 18, 2024 | asia.nikkei.com | Takahisa Tamura |Aoi Iida

TOKYO -- Currency market volatility is back with a vengeance, fueled by uncertainty over the U.S. presidential election, and it is upsetting one of the most popular trades in the yen. The Japanese currency strengthened to around 155.30 to the dollar in Tokyo at one point Thursday, reaching a roughly one-month high. It had been trading in the upper 158 range the day before.
Japan rate rise speculation grows as overseas investors await BOJ

Jul 10, 2024 | asia.nikkei.com | Takahisa Tamura

TOKYO -- Japanese government bonds are selling off in a sign that overseas investors are betting the Bank of Japan will be forced to raise interest rates later this month in response to a weakening yen. The yield on new 10-year JGBs climbed as high as 1.09% on Tuesday, close to a one-month high of 1.1% reached on July 3.
Why is Japan's yen falling? Retail investors are one reason

May 10, 2024 | asia.nikkei.com | Takahisa Tamura |Konatsu Ochi |Miki Kamiyama

TOKYO -- Japanese individual investors have emerged as a new factor in the yen's persistent slide, complicating any attempts by authorities to support the currency. The yen weakened by 1.7% against the dollar in the week through Friday -- by far the worst performance among nine major advanced-economy currencies.
Thai baht, Malaysian ringgit sink to three-month lows against dollar

Feb 15, 2024 | asia.nikkei.com | Takahisa Tamura

TOKYO -- Emerging-economy currencies are sliding against the dollar as stronger-than-expected economic indicators in the U.S. undercut expectations of early rate cuts by the Federal Reserve. The Thai baht was in the range of 36 to the dollar on Thursday, its weakest in three and a half months. Malaysian's ringgit was at 4.7, also a three-and-a-half-month low.
Foreign investors see more BOJ hikes likely once negative rates end

Feb 6, 2024 | asia.nikkei.com | Takahisa Tamura |Miki Kamiyama

TOKYO -- Investors, especially those outside Japan, see the Bank of Japan as increasingly likely to engage in additional rate hikes this year after it scraps its negative-rate policy, market indicators suggest, though early rate cuts in the U.S. could complicate the picture. The yield on newly issued two-year Japanese government bonds, which are sensitive to policy rate expectations, reached a three-month high of 0.11% on Monday and stayed around that level Tuesday.