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Japan has emphasized the need for countries to be cautious of excessive volatility in the currency market at the Group of 20 (G-20) meeting. The Vice Finance Minister for International Affairs, Masato Kanda, stated that excessive volatility and disorderly movements in exchange rates can negatively impact economic and financial stability. Japan also expressed concerns about the risk of prolonged high interest rates in some countries, which could harm the real economy and destabilize financial and capital markets. The Bank of Japan's upcoming policy decision and the Federal Reserve's meeting were also mentioned in relation to interest rates. [Extracted from the article]

The Japanese yen has reached its weakest level against the British pound in almost 16 years, causing concern for policymakers. This depreciation is due to traders betting on a stronger pound, as they believe UK interest rates will remain higher than those of other countries. The yen has the lowest interest rate in the world and has fallen against all other developed economies. Despite the Bank of Japan raising interest rates once and planning to do so again, investors believe that monetary policy is still too loose to stop the yen's decline. [Extracted from the article]

According to Ken Kobayashi, chairman of the Japan Chamber of Commerce and Industry, Japan's government and central bank should target an exchange rate of 120-130 yen per dollar. He argues that the yen is currently too weak for struggling small businesses, and a stronger yen would offer them greater operational flexibility. Kobayashi also suggests that the government should not hesitate to manipulate its currency as needed. The recent depreciation of the yen is primarily due to the difference between US and Japanese interest rates, and Kobayashi believes that a Bank of Japan rate hike could help narrow this gap. He emphasizes the importance of boosting wages among small and medium-sized enterprises and suggests that the government's efforts to incentivize companies to pass on higher costs along the supply chain should be further built upon. [Extracted from the article]

The yen has surged more than 3% against the dollar, leading to speculation that Japanese authorities intervened to support the currency. The yen's strength comes after months of concern about potential intervention, with officials increasing their rhetoric about the currency's slide. While Japanese officials have declined to comment on any intervention, a Bloomberg analysis suggests that the nation likely spent around ¥5.5 trillion ($34.8 billion) to support the currency. However, sustaining a stronger yen may be challenging due to Japan's ultra-easy monetary policy and other factors. [Extracted from the article]

Currency traders are warning that Japan's government will need to take repeated action to support the yen, as economic forces suggest further depreciation. The yen has weakened by around 10% against the US dollar this year, reaching a 34-year low. However, any intervention by the Japanese government may need to be sustained, especially as the Federal Reserve is expected to maintain higher interest rates, making the dollar more attractive. Analysts predict that the yen will continue to trade in a range of 155 to 160 per dollar. [Extracted from the article]

Japan's vice minister for international affairs, Masato Kanda, declined to comment on whether Tokyo had intervened in the currency market after a significant drop in the dollar-yen exchange rate. The yen has been under pressure due to the disparity in interest rates between the US and Japan. The Bank of Japan's decision to maintain interest rates last week has also contributed to the weakening of the yen. [Extracted from the article]

The yen has experienced a significant decline, prompting speculation about when Japanese authorities will intervene to support the currency. The yen fell below 160 per dollar for the first time since 1990, and policymakers have warned that excessive depreciation will not be tolerated. However, intervention may be challenging due to the wide interest rate gap between Japan and other countries. While a weaker yen has benefits for Japan, traders are positioning themselves against intervention. [Extracted from the article]

The yen has experienced a significant decline against the dollar, prompting traders to question when Japanese authorities will intervene to support the currency. The Bank of Japan's indication that financial conditions will remain easy has contributed to the yen's losses. While policymakers have warned against excessive depreciation, intervention may be challenging due to the wide interest rate gap between Japan and other countries. Some experts believe that a weaker yen may not necessarily be detrimental to Japan, as it is not causing inflation issues and is increasing the value of overseas assets held by Japanese investors. Traders are positioning themselves against intervention, but may plan to buy dollar-yen at lower levels if officials do intervene. [Extracted from the article]

Japanese officials have issued warnings about the yen after it fell below the 155 mark against the dollar. Finance Minister Shunichi Suzuki stated that they are closely monitoring the market and will take appropriate measures based on the situation. Japan's top government spokesman, Yoshimasa Hayashi, also emphasized that excessive currency movements are undesirable. The Bank of Japan's policy meeting is expected to keep interest rates unchanged, but market players are watching for any signals that could weaken the yen further. US economic data and the Federal Reserve's inflation gauge will also impact the currency. [Extracted from the article]

Japanese Finance Minister Shunichi Suzuki has stated that the value of the yen is influenced by various factors beyond just the interest rate gap with the US. These factors include economic conditions, market sentiment, and speculation. Suzuki did not discuss currencies at the recent G-20 meeting, but Japan has been in close communication with other countries regarding foreign exchange. The yen's weakness has raised concerns, and Japan has urged its G-7 peers to reaffirm their commitments on foreign exchange. The Bank of Japan has also noted that the weaker yen could impact inflation and may lead to a change in monetary policy. [Extracted from the article]

What's Remarkable About the Dollar Is Positioning: Trader Talk Societe Generale's Kannan added that emerging Asian countries would be more vulnerable to this dollar strength, given lower rates in the region and a greater exposure to a weaker China growth outlook. (Bloomberg) -- The renewed advance in the US dollar is sending Asian currencies to multi-month lows and keeping the euro under pressure, while prompting authorities in Japan and China to step up defense of their beleaguered exchange rates. [Extracted from the article]

(Bloomberg) -- The yen is too weak and its benefits for Japanese stocks are diminishing while negative economic side effects are starting to show, according to the chief of the nation's stock exchanges. The Bank of Japan will eventually raise rates and the stock market should be able to absorb the impact because the move will signal that policymakers sees stable inflation in the economy, Yamaji said. [Extracted from the article]

(Bloomberg) -- The yen slumped on Wednesday passed levels that saw Japan intervene in the currency market for the first time in years amid a persistently wide interest-rate gap between the US and Japan. One-week implied volatility in dollar-yen, a gauge of expected movement in the currency pair over the period, ticked higher to 8.36% on the day but remained near this year's lows. [Extracted from the article]

"The expansion of the trade gap was inevitable, given the combination of two factors, the weak yen and rising price of commodities", said economist Takeshi Minami at Norinchukin Research Institute. (Bloomberg) -- Japan's trade deficit widened in October, as the country's import bill continued to rocket upward, fueled by a historic slide in the yen that has already helped push the economy back into reverse. [Extracted from the article]

(Bloomberg) -- The yen rallied more than 1% against the dollar, reversing an earlier drop, amid signs of a second intervention from Japanese authorities in two sessions. Finance Minister Shunichi Suzuki told reporters Monday that Japan was in a tough standoff with speculators and couldn't tolerate excessive currency moves, speaking before the yen rally. [Extracted from the article]

Fueled by the Federal Reserve's most aggressive tightening cycle in more than a generation, the stronger greenback is pushing rival currencies lower, driving up the cost of imported goods, constricting financial conditions and feeding inflation in other economies. While global ripples from Fed tightening aren't new, this is the first episode in recent years where serious dollar strength has been more notable against developed-nation currencies as a group than versus emerging economies. [Extracted from the article]

(Bloomberg) -- Japan's Finance Minister Shunichi Suzuki and U.S. Treasury Secretary Janet Yellen met Thursday and agreed to uphold existing foreign exchange-rate agreements, with Suzuki saying he discussed recent abrupt moves in the yen. Suzuki declined to comment on whether the two spoke about market intervention to prop up the yen. [Extracted from the article]

Yen, bonds swung from epic gains to worst slides since 1990s Currency and stock volatility spiked to rival the 2013 reaction to BOJ Governor Haruhiko Kuroda's first bazooka, and swings in debt prices reached the highest since the 1990s. After falling as much as 23 percent in local currency terms in the first half, the Topix is back in a bull market and heading to eke out a gain for the year. [Extracted from the article]

The fixed rate paid in exchange for floating-rate payments for a year in Japan's interest rate swap market fell below zero after the BOJ started charging banks for reserves in February, and was at minus 0.049 percent on Thursday. "Without swaps, banks will have trouble making floating-rate loans and will need to extend fixed-rate loans, but most banks don't like lending at fixed rates, so they're becoming hesitant about making new loans". [Extracted from the article]

Strategists surveyed by Bloomberg strengthened their median year-end yen forecast to 122 per dollar, from 125 expected in September after the Bank of Japan refrained from adding monetary stimulus last month. More than half of these securities sold this year are tied to emerging market currencies like the Brazilian real and Turkish lira, and most profit when the yen weakens against those currencies. [Extracted from the article]