US Treasury Secretary Scott Bessent has urged the Federal Reserve to increase the size of the Foreign and International Monetary Authorities Repo Facility (FIMA)...
Anyone looking at the precarious position of the yen could be forgiven for thinking that Japanese policymakers must want to try to force a major rally in the...
The US dollar continues to inch ahead and that poses two particular problems. The first is for the Japanese authorities as they try to prevent a decisive break of...
The State Bank of Vietnam (SBV) has announced a new foreign exchange (FX) intervention measure, offering 180-day USD forward contracts with a cancellation option at...
The market seems to think it is possible. But after staying out of the FX market for nearly fifteen years, why might the US want to get involved now?
The demand for loans rises as the year comes to an end. Many analysts predict that credit growth will frequently double or triple in comparison to the...
The Standard Bank expected the yen’s recovery would remain slow and possibly require more FX intervention.
FX intervention usually meets with a sceptical response. It has been no different for the Bank of Japan as its recent efforts to strengthen the yen have been dismissed...
Sooner or later, it looks as if Japanese policymakers could intervene in the FX market by using a three-step process.
Just recently we’ve seen two instances of intervention: FX intervention by the Bank of Japan (BoJ) and Bank of England (BoE) intervention in the gilt market.
Japan has begun FX intervention, but its chances of success could be compromised by the BoJ’s target band for JGB yields.
The most significant example of ongoing intervention in FX has been from the Swiss National Bank (SNB) as it tries to stop the franc from rising too rapidly against the...
VN
EN