Apr 1, 10:52 AM

BOJ Rate Hike Widens Yen Gap with U.S., Europe; Yen Slides to 34-Year Low, China Shares Soar, Japan Slides, Yen Near Intervention Zone, Yen Weakens on US Data

The Bank of Japan's rate hike has widened the yield gap with the U.S. and Europe, leading to a slide in the yen's value. The yen, being the lowest-yielding G10 currency, is used for carry trades, contributing to its drop to a 34-year low. China's shares surged while Japan's slid, with the yen hovering near the intervention zone. The weakening of the yen was influenced by strong U.S. data, increasing the risk of Japanese foreign exchange intervention.

#Bank of Japan #Europe #China #Japan #Japanese

Written with ChatGPT (GPT-3).

Sources

Bloomberg Middle East@middleeast
3 years ago
#5Things: US Treasuries fell across the curve. Fed rate-cut odds for June dipped below 50%. The yen weakened toward 152 per dollar. Here’s what’s moving markets. https://t.co/MZtHkD5miO
David Ingles@DavidInglesTV
3 years ago
Dollar is strong early Tuesday. That means we’re again on intervention watch on the yen https://t.co/XK5i2HZuRB
LiveSquawk@LiveSquawk
3 years ago
Yen Weakens On US Data, Raising Risk Of Japanese FX Intervention - @business https://t.co/ZfXjcu1fOU

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