YCL News and Press, ProShares Ultra Yen From 05/01/24

2024-05-01 12:00:00 ET Summary Stronger-than-anticipated economic data released during the first quarter led to a significant downward shift in market expectations for 2024 rate cuts. While equity markets were mostly unfazed by this change in expectations, fixed income markets exp...

2024-05-01 06:50:00 ET Summary The BOJ projected yesterday that commercial banks' deposits with it likely dropped by JPY7.56 trillion. The dollar gradually edged higher yesterday, and by the end of the North American session, it had recovered more than half of the intervention-ins...

2024-04-30 09:00:00 ET Summary The aim of the devaluation was to escape deflation which had persisted since (at least) the turn of the century. The Yen started to weaken in 2021 as the BOJ ramped up Yen printing again to help the economy recover from the COVID shock. Mortgage ...

2024-04-30 08:10:00 ET Summary Stronger-than-expected eurozone GDP strengthened the sense that a nascent recovery may be taking hold and has given the euro a bid in the European morning. Japanese stocks rallied strong coming back from the long weekend. The euro remained within...

2024-04-30 06:00:00 ET Summary The Japanese Yen has been undergoing quite the roller-coaster ride in recent weeks and is now down over 45% vs the USD since 2020. Despite the jump in inflation, the Bank of Japan left interest rates largely unchanged at 0% while every other Central ...

2024-04-29 07:35:00 ET Summary The dollar soared to almost JPY160.20 before falling sharply to JPY154.55 and then rebounding to almost JPY156.00. The euro reached almost $1.0755 before turning lower ahead of the weekend, the highest level in slightly more than two weeks. Emerg...

2024-04-29 03:38:15 ET More on Japan Japanese FX Intervention: Primed And Ready Time For The Yen To Blossom? BOJ Gives Up On Negative Rates, A Bottom For The Yen? Japanese yen slumps beyond 155 per dollar for first time in over 30 years What about the...

2024-04-28 04:30:00 ET Summary The backing up of US rates did not lift the dollar broadly as it appeared to have done previously. The Bank of Japan had an opportunity to have protested the yen's weakness more adamantly but did not do so. The FOMC meeting concludes a couple of ...

2024-04-27 22:31:00 ET Summary The Bank of Japan left its key interest rates unchanged today. Markets are clearly disappointed with the colourless policy guidance, but we believe the latest outlook report and Governor Ueda’s comments support our view that the BoJ will deliv...

2024-04-26 09:45:00 ET Summary Now that USD/JPY has glided through the 155 level, markets are now on high alert for Japanese FX intervention. Heightened sense of intervention is reflected in the FX options market, where one week USD/JPY traded volatility is now priced at 14.5%. ...