A weaker Yen means that Japan is getting poorer – Commerzbank
31.07.2023, 07:24

A weaker Yen means that Japan is getting poorer – Commerzbank

Nobody knows at what yield levels the BoJ does what. Ulrich Leuchtmann, Head of FX and Commodity Research at Commerzbank, expects the Yen to remain under pressure.

JPY will be trading weaker than in a scenario in which the BoJ would act in a reliable manner

Did the BoJ intervene because the new de facto pain threshold is 0.6%? Or was the rise in yields too rapid for the BoJ?

We can only hope that with time we will learn from experience how the BoJ operates. In that case, we could ‘only’ reproach the BoJ for those interventions and the market volatility that would have been unnecessary had the BoJ communicated its policy clearly. However, I fear that by that point the BoJ officials will have new ideas and the whole game will start all over again.

Amidst this chaos, the Yen will sometimes trade weaker and sometimes stronger. Of course, it is completely impossible to predict the timing of these moves, but it can be said that overall, the JPY will be trading weaker than in a scenario in which the BoJ would act in a reliable manner. A central bank that is afraid of deflation (despite core inflation rates of 4.2%) might like that. But long-term a weaker Yen means that Japan is getting poorer.

 

© 2000-2025. Sva prava zaštićena.

Sajt je vlasništvo kompanije Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).

Svi podaci koji se nalaze na sajtu ne predstavljaju osnovu za donošenje investicionih odluka, već su informativnog karaktera.

The company does not serve or provide services to customers who are residents of the US, Canada, Iran, The Democratic People's Republic of Korea, Yemen and FATF blacklisted countries.

Politika sprečavanja pranja novca

Upozorenje o rizicima

Izvršenje trgovinskih operacija sa finansijskim instrumentima upotrebom marginalne trgovine pruža velike mogućnosti i omogućava investitorima ostvarivanje visokih prihoda. Međutim, takav vid trgovine povezan je sa potencijalno visokim nivoom rizika od gubitka sredstava. Проведение торговых операций на финанcовых рынках c маржинальными финанcовыми инcтрументами открывает широкие возможноcти, и позволяет инвеcторам, готовым пойти на риcк, получать выcокую прибыль, но при этом неcет в cебе потенциально выcокий уровень риcка получения убытков. Iz tog razloga je pre započinjanja trgovine potrebno odlučiti o izboru odgovarajuće investicione strategije, uzimajući u obzir raspoložive resurse.

Politika poverenja

Upotreba informacija: U slučaju potpunog ili delimičnog preuzimanja i daljeg korišćenja materijala koji se nalazi na sajtu, potrebno je navesti link odgovarajuće stranice na sajtu kompanije TeleTrade-a kao izvora informacija. Upotreba materijala na internetu mora biti praćena hiper linkom do web stranice teletrade.org. Automatski uvoz materijala i informacija sa stranice je zabranjen.

Ako imate bilo kakvih pitanja, obratite nam se pr@teletrade.global.

Банковни
транcфери
Feedback
Lajv čet E-mail
Povratak na vrh
Izaberi lokaciju / jezik