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Tag Archives: Japan

FX Daily, March 9: Turn Around Tuesday Strikes

Swiss Franc The Euro has fallen by 0.22% to 1.1067 EUR/CHF and USD/CHF, March 9(see more posts on EUR/CHF, USD/CHF, ) Source: markets.ft.com - Click to enlarge FX Rates Overview: It is not clear the trigger, but risk-taking appetites rebounded smartly today after the NASDAQ completed a more than 10% pullback from its highs yesterday. Ironically, the Dow Jones Industrials set new record highs yesterday too. Most equity markets in the Asia Pacific region rallied....

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FX Daily, February 15: Sterling Continues to Run Higher and US Winter Storm Gives Oil Another Boost

Swiss Franc The Euro has fallen by 0.07% to 1.0792 EUR/CHF and USD/CHF, February 15(see more posts on EUR/CHF, USD/CHF, ) Source: markets.ft.com - Click to enlarge FX Rates Overview: US and Greater Chinese markets are closed today, but the markets are moving. Equities are bid. The Nikkei led the Asia Pacific region with a 2% gain and pushed above 30000 for the first time since 1990. Korea’s Kospi advanced 1.5%, and Australia’s ASX tacked on 1%. The Dow Jones...

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FX Daily, January 29: Please Stay Seated, the Ride is not Over

Swiss Franc The Euro has risen by 0.16% to 1.0789 EUR/CHF and USD/CHF, January 29(see more posts on EUR/CHF, USD/CHF, ) Source: markets.ft.com - Click to enlarge FX Rates Overview: Powerful corrective forces continue to grip the market. After a large rally to start the New Year, the correction is punishing. Most Asia Pacific equities markets were off again today to bring the week’s loss to 2.5% to 5.5% throughout the region. Europe’s Dow Jones Stoxx 600 is a...

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FX Daily, January 22: Faltering Friday

Swiss Franc The Euro has risen by 0.07% to 1.0773 EUR/CHF, January 22(see more posts on EUR/CHF, ) Source: markets.ft.com - Click to enlarge FX Rates Overview: Fear that social restrictions may have to be broadened and extended is helping spur a wave of profit-taking and de-risking, which has also been encouraged by disappointingly high-frequency data. The equity rally seemed to falter a bit in the US, as the S&P 500 eked out a minor 0.03% gain yesterday. In...

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FX Daily, January 18: US is on Holiday, but the Dollar has Legs

Swiss Franc The Euro has fallen by 0.07% to 1.0754 EUR/CHF and USD/CHF, January 18(see more posts on EUR/CHF, USD/CHF, ) Source: markets.ft.com - Click to enlarge FX Rates Overview: The new week has begun like last week ended. Equities are a bit heavy. The MSCI Asia Pacific Index fell for the second session, its first back-to-back loss since before Christmas. China and Hong Kong were the notable exceptions, perhaps helped by stronger than expected GDP. Europe’s...

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FX Daily, January 14: Markets are Subdued Despite Impeachment and Record Chinese Trade Surplus

Swiss Franc The Euro has fallen by 0.06% to 1.0784 EUR/CHF and USD/CHF, January 14(see more posts on EUR/CHF, USD/CHF, ) Source: markets.ft.com - Click to enlarge FX Rates Overview: The capital markets are becalmed today. There does not appear to be much reaction to the news that the House of Representatives impeached President Trump an unprecedented second time with greater bipartisan support than previously (10 GOP voted with the Democratic majority). Nor has...

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FX Daily, January 12: Markets Catch Collective Breath

Swiss Franc The Euro has fallen by 0.04% to 1.081 EUR/CHF and USD/CHF, January 12(see more posts on EUR/CHF, USD/CHF, ) Source: markets.ft.com - Click to enlarge FX Rates Overview: The capital markets were stabilizing today after dramatic moves yesterday. Equity markets are recovering, and the dollar is paring yesterday’s gains. Most equity markets in the Asia Pacific region rose, though Taiwan, South Korea, and Australia were notable exceptions. Europe’s Dow...

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They’ve Gone Too Far (or have they?)

Between November 1998 and February 1999, Japan’s government bond (JGB) market was utterly decimated. You want to find an historical example of a real bond rout (no caps nor exclamations necessary), take a look at what happened during those three exhilarating (if you were a government official) months. The JGB 10-year yield had dropped to a low of just 77.2 bps during the depths of 1998’s Asian Financial Crisis (or “flu”, so noted for its regional contagious dollar...

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Seizing The Dirt Shirt Title

In mid-December 2019, before the world had heard of COVID, China’s Central Economic Work Conference had released a rather startling statement for the world to consume. In the West, everything was said to be on the up. Central banks had responded, forcefully, many claimed, more than enough to deal with that year’s “unexpected” globally synchronized downturn. This view had been punctuated by Fed Vice Chairman Richard Clarida, among many others, who in early January...

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FX Daily, January 04: Rising Equities and Slumping Dollar Greet the New Year

Swiss Franc The Euro has fallen by 0.06% to 1.0821 EUR/CHF and USD/CHF, January 4(see more posts on EUR/CHF, USD/CHF, ) Source: markets.ft.com - Click to enlarge FX Rates Overview: The first day of the New Year, but it feels a lot like last year. The dollar is under pressure, and equities are higher. Outside of Japan and Malaysia, The MSCI Asia Pacific Index extended last week’s 3.6% gain. It has not rallied for seven consecutive sessions. Led by mining and...

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