Yen
BoJ says 2% inflation target has been met as it holds policy
Pause comes as central bank speeds up timeframe for ETF selloff from 112 years to 43
US rates surge sparks new wave of FX net investment hedging
Corporates pile into currency hedges to protect value of foreign assets and capture positive carry
BoJ raises rates to 31-year high
Ueda says ‘policy phase has changed’ and focus now is on ensuring inflation does not exceed 2%
Japan and Malaysia to promote direct yen-ringgit settlement
BNM and BoJ also double size of swap line to $6bn
US dollar continues to dominate central bank FX reserves
Nearly all central banks hold dollars, but emerging market reserve managers have the highest allocations
Central bank reserve managers unnerved by Treasury market woes
Officials are unsettled but constrained as US creditor base shifts to private hands
Bessent believes BoJ will act in support of yen
‘I have information that the market doesn’t have,’ US Treasury secretary says
Will Kevin Warsh’s communications gambit pay off?
Fed chair believes less is more with comms, but experts say time is ticking on his credibility
Joint US-Japan FX intervention could advance BoJ tightening
Experts say tighter policy needed to lock in yen gains over the long term
BoJ holds as yen and won both rise on suspected interventions
Japan’s central bank more hawkish than at previous meetings as it keeps rates at 1%
Vietnam tracks towards credit growth target
Central bank deputy governor says lending grew by around 7.4% in first six months of year
Yen options dealers struggle to hedge intervention risk
Hedge funds’ bets on BoJ intervention are leaving dealers with vol-surface exposures they can’t hedge cheaply
QE reduces bonds’ safe haven properties – BdF paper
Safety is becoming ‘increasingly fragmented’ across asset classes, researchers say
BoJ tightens to 1% and plans end to JGB purchase reductions
Governor absent as bank sets policy at 31-year high amid inflation risks driven by Iran war
Zoltán Kurali on Hungary’s reserves strategy and euro adoption
Deputy governor speaks about portfolio positioning amidst geopolitical volatility, AI, CBDC and the future of the forint
De-dollarisation presents new opportunities – panel
Speakers at London Meetings outline unique approaches to dealing with changing investment landscape
Ueda’s hospitalisation may create challenges for BoJ comms
Observers say bank is still likely to hike, but signs of future policy path will be harder to read
Euro ‘more appealing’ for both invoicing and reserves, ECB finds
Bank’s annual report on currency’s use draws on findings from Central Banking’s benchmarking
Opinions split on BoJ bond tapering, minutes show
Experts say adjustments to JGB purchases more likely, given divergence of views
Market data good predictor of FX swings – BoJ research
Paper examines trade repository information in foreign currency markets
US tech equities, euro, sterling and yen add to Norges Bank losses
Reserves portfolio sees gains on US Treasuries and Chinese government bonds amid modest drop