Pro Ultr Yen

Japan and US Confirm Cooperation on Foreign Exchange at Deputy Ministerial Level

Yen rises more than 1% against the dollar, hits high of 158.13

Yen falls to lowest level of the year against USD, market expects higher intervention threshold

BOJ Suggestion of Rate Hike Causes Yen to Rally Against USD

Yen Rises Against the Dollar During Trump's State of the Union Address

USD/JPY falls to 154.10

USD/JPY Meets Resistance, Market on Alert for US-Japan Intervention

US Dollar to Japanese Yen Exchange Rate Rises to 153.04

Japanese Wholesale Inflation Slows for Second Consecutive Month

Suga Yoshihide wins parliamentary election, yen strengthens

BOJ May Consider Additional Rate Hikes in Coming Months

Japan's Finance Minister Katsunobu Kataoka Comments on the Pros and Cons of Yen Depreciation

Japan MOF Confirms No Yen Intervention in January

US and Japan Jointly Intervene in Yen to Stabilize Financial Markets

Dollar Weakens with Rising Expectations of US-Japan Joint Intervention in Yen

BOJ Maintains Rate and Raises Economic Forecast, USD/JPY Fluctuates

US Treasury Secretary Expresses Concern Over Japanese Market Turmoil; Treasury Takes Foreign Exchange Intervention Measures

Japanese Yen Closes Up 1.7% Against the US Dollar

US Dollar to Japanese Yen Exchange Rate Falls Below 156 Yen

USD/JPY Exchange Rate Dips to Three-Week Low

Energy Focus

Forum Markets

Tradr 2X Long CRML Daily ETF

Leverage Shares 2X Long CRML Daily ETF

Kailera Therapeutics

Beasley Broadcast

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Blaize

Fold

Critical Metals

Rising US–Iran tensions put slight pressure on the Japanese yen, nudging it lower.

Unusual Whales

Currencyshares JPY Trust

Pro Ultrshrt Yen

Rising US–Iran tensions put slight pressure on the Japanese yen, nudging it lower.

PUS5

SGBP

LJPY

LGBP

DOLLAR/YEN RISES 0.22% TO 159. STERLING FALLS 0.24% TO $1.3486. EURO DROPS 0.2% TO $1.174.

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Currencyshares British Pound Trust

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WisdomTree Long JPY Short USD

WisdomTree Long GBP Short USD

Pro Ultr Euro

Currencyshares Euro Trust

Invesco DB US Dollar Index Bullish Fund

DOLLAR/YEN RISES 0.22% TO 159. STERLING FALLS 0.24% TO $1.3486. EURO DROPS 0.2% TO $1.174.

USDU

Reuters

Wtree Bbg Usd Bull

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Westpac Banking

Barclays

FOREX-Dollar rebounds as Middle East tensions reignite, Hormuz closed

- Bank of Japan Governor Kazuo Ueda has delayed a commitment to an April rate increase due to uncertainties surrounding Iran, but leaves the door open for a potential hike in June.  
- Market expectations for an April hike have diminished, dropping from 70% to around 10%, while the possibility of a June increase remains at about 80%.  
- Factors influencing the BOJ's decision include domestic economic conditions and external geopolitical developments, with a cautious approach advised given the uncertain international landscape.

Nomura Holdings, Inc.

Nomura

Mitsubishi UFJ Financial Group, Inc.

Mitsubishi UFJ Financial

BNP Paribas

ANALYSIS-BOJ's hawkish hints keep rate hike on the cards

The USD/JPY outlook is influenced by renewed geopolitical tensions in the Strait of Hormuz, with Iran reportedly restricting vessel traffic again. This has led to a potential resumption of the bullish trend for USD/JPY, which remains closely tied to energy prices. Despite a lack of significant US data releases this week, the market is focused on developments in the Middle East, which could reverse recent declines in energy prices and create upside risks for USD/JPY. Key data to watch includes US retail sales and Japan's flash PMI reports, though they may have limited market impact.

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S&P 500

USD/JPY Weekly Outlook: Hormuz risks may reignite rally

1346

1369

2525

On April 19, ADB President Masato Kanda warned that the Japanese yen may face further pressure if the Bank of Japan is perceived as slow in addressing inflation risks. He noted that investors are inclined to buy dollars during global tensions, and even if dollar positions are unwound, the yen is unlikely to appreciate significantly due to interest rate differentials. Kanda emphasized that concerns over Japan's fiscal sustainability could also prompt yen selling, especially as the market watches the U.S. Federal Reserve's actions closely.

CoinLive

Asset Management One Co., Ltd.

Japan Agricultural Cooperatives Group

Japan's Yen Faces Pressure Amid Inflation Concerns, Says ADB President

ADB chief warns of yen pressure from Japan's too-slow rate hikes

Japan says recent yen moves driven by speculative trade

Japanese Minister of Finance: Speculative behavior is the main cause of volatility in the foreign exchange market

Wallstreetcn

The Bank of Japan's interest rate hike probability sharply decreased in April, with the yen exchange rate approaching 160. The USD/JPY rose to 159.52, and the market expects the interest rate hike probability to drop to 20%. Economists believe that the likelihood of a rate hike in June is greater. If the rate remains unchanged in April, the yen may weaken, and the finance minister is prepared to take action to support the yen. Analysis indicates that if the Bank of Japan raises interest rates slowly, the USD/JPY may rise to 165

mitrade

Sumitomo Mitsui Trust Holdings, Inc.

Morgan Stanley

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MORGAN STANLEY DEP SHS REPS 1/1000 7.125% PFD E

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MORGAN STANLEY DEP SHS REPS 1/1000 PFD SER 'A'

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The Bank of Japan's interest rate hike probability sharply decreases in April! The yen exchange rate approaches 160 again, is government intervention imminent?

The U.S. dollar is set for a second consecutive weekly decline, while the euro and British pound stabilize near pre-war levels amid optimism for a ceasefire between Israel and Lebanon. Investors are moving away from safe-haven assets, with the dollar index slipping 0.02%. The euro is steady at $1.178225, and sterling remains unchanged at $1.35225. Central banks are cautious regarding inflation risks, with the Fed expected to maintain rates. New U.S. unemployment claims fell, indicating stable labor market conditions.

Fidelity

Bank of America

Commerzbank AG

BANK OF AMERICA CORPORATION DEP SHS REP 1/1000TH INT NON CUM PFD QQ

BANK OF AMERICA CORPORATION DEP SHS REP 1/1200TH PRF SERIES '5'

BANK OF AMERICA CORPORATION 7.25% NON-CUM PERP CONV PFD SER L

BANK OF AMERICA CORPORATION 5.875%NON CUM DEP SHS REP1/1000TH SER HH

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BANK OF AMERICA CORPORATION 4.125%DEP SH REP 1/1000 PFD SER PP USD25

Bank of America Corp

FOREX-Dollar set for second weekly drop, euro steadies near pre-war levels

Tokyo has launched a subsidy program to promote yen stablecoin adoption, announced by the Bureau of Industrial and Labor Affairs on April 15. The program supports projects using yen stablecoins for transactions and remittances, offering a maximum subsidy of 40 million yen, covering up to two-thirds of related expenses. Eligible applicants must have a registered presence in Tokyo, and projects must be verified or implemented by the end of the fiscal year in which the subsidy is granted.

Wtree Jpn Hdg Eq

Tokyo Introduces Subsidy Program to Promote Yen Stablecoin Adoption

MUFG

Japan is moving closer to intervening to support the yen as USD/JPY threatens to break above 160.00. The yen has underperformed amid the ongoing US-Iran conflict, which has impacted Japan's economy reliant on oil imports. Finance Minister Katayama emphasized the urgency of monitoring foreign exchange rates during G7 meetings, indicating a potential for direct intervention if the situation worsens. Despite the dollar's struggles, the yen remains in a precarious position, with further escalation in the conflict likely to prompt action from Tokyo.

Investinglive

Japan looks to be moving closer towards actual intervention to support the yen - MUFG

SONY FINANCIAL GROUP INC UNSPON ADS EACH REP 5 ORD

Short-term JGB yields poised for weekly drop as bets for BOJ rate hike ease

Pro Ultr Yen(YCL.US)

Pro Ultr Yen Stock Performance Chart

Rising US–Iran tensions put slight pressure on the Japanese yen, nudging it lower.

DOLLAR/YEN RISES 0.22% TO 159. STERLING FALLS 0.24% TO $1.3486. EURO DROPS 0.2% TO $1.174.

FOREX-Dollar rebounds as Middle East tensions reignite, Hormuz closed

ANALYSIS-BOJ's hawkish hints keep rate hike on the cards

USD/JPY Weekly Outlook: Hormuz risks may reignite rally