-
Donald Trump Says Elon Musk Has Not Been 'Feeling So Well Lately,' Sparking Speculation: Here's What Tesla CEO Replied
Tuesday, August 13, 2024 - 2:45am | 740Read More...Former President Donald Trump expressed concerns about Elon Musk’s health during a recent conversation with the Tesla Inc. (NASDAQ:TSLA) CEO on the social media platform, X. What Happened: During the conversation with the former president, Musk discussed his visit to Fukushima, Japan, the...
-
Global Market Turmoil Tests Warren Buffett's Japanese Investments: Despite Initial 30% Plunge, Berkshire Hathaway's $20B Bet On Japan's Trading Giants Recovers
Monday, August 12, 2024 - 4:24am | 791Read More...The recent global market turmoil, which originated in Japan, has had a limited impact on Warren Buffett‘s substantial Japanese investments. Despite initial significant losses, the market managed to recover most of the decline by the end of the week. What Happened: The Nikkei 225 index, a key...
-
Dollar-Yen Volatility Sparks Debate Over Carry Trade Positioning: 'We Maintain A Structurally Bearish Yen View,' Analyst Says
Friday, August 9, 2024 - 3:40pm | 801Read More...The U.S. dollar-Japanese yen exchange rate endured one of its most turbulent weeks in recent years, with sharp swings driven by pivotal economic events that have left traders reassessing the future of the dollar-yen carry trade. The USD/JPY pair opened the week at 146.36, but quickly plunged to a...
-
Mohamed El-Erian Slams Bank Of Japan's Soft Tone: Pushes For Reduction Of Risky Yen Carry Trades
Thursday, August 8, 2024 - 9:54pm | 623Read More...Mohamed El-Erian, Chief Economic Advisor at Allianz, has called for a cautious unwinding of Japan's excessive ‘carry trades’ following recent dovish signals from the Bank of Japan. El-Erian highlighted the risks associated with the pro-risk approach adopted by the BoJ. What Happened: El...
-
Nikkei 225 Drops 1.28% As Japanese Markets Follow Wall Street's Downturn: US Futures Decline Amid BOJ's Interest Rate Policy
Wednesday, August 7, 2024 - 9:55pm | 470Read More...The Japanese markets opened on a negative note on Thursday, following the downward trend on Wall Street. What Happened: The Nikkei 225 in Japan is trading at 34,641.15, marking a 1.28% decrease. The broader Topix also experienced a drop, falling to 2,472.97, a 0.65% decline. U.S. stock market...
-
Traders Resume Yen-Dollar Carry Trade As Bank of Japan Pledges No Rate Hikes During Market Volatility
Wednesday, August 7, 2024 - 10:53am | 710Read More...Traders rekindled their bullish bets on the yen-dollar carry trade Wednesday after dovish signals from the Bank of Japan prompted a rethink of recent market movements. The Japanese yen, as tracked by the Invesco CurrencyShares Japanese Yen Trust (NYSE:FXY), tumbled over 1.9% past 147 per dollar by...
-
Peter Schiff Slams BOJ's Rate Hike Halt, Predicts Inflation Will 'Ravage Japan'
Wednesday, August 7, 2024 - 9:01am | 808Read More...Renowned economist and Bitcoin (CRYPTO: BTC) critic Peter Schiff slammed the Bank of Japan’s decision to halt rate hikes, warning of potential market instability and hyperinflation in Japan. What Happened: Schiff took to X to express his concerns about the BOJ’s decision. He stated,...
-
Investors Should Blame Bank Of Japan For Major Selloff, Economist Says
Tuesday, August 6, 2024 - 2:55pm | 507Read More...Investors should blame the Bank of Japan, not the Federal Reserve, for Monday’s sharp decline in global markets, an economist says. The plummet, which led to the greatest losses in the Dow Jones Industrial Average and the S&P 500 in almost two years, was caused by the unwinding of the...
-
Yen 'Carry Trade' Is Only Halfway Unraveled, Wall Street Analyst Says: How Much More Room For Traders To Get Pummeled?
Tuesday, August 6, 2024 - 2:22pm | 438Read More...Global markets faced a beating on Monday before recovering on Tuesday. Experts linked the market’s price action to the unwinding of the yen “carry trade,” which Arindam Sandilya, co-head of global FX strategy at JPMorgan, says is only half done. What Is The Yen ‘Carry Trade...
-
Japan Markets, US Futures Recover After Historic Plunge, Supported Amid Strong Service Sector And Employment Data From Tokyo
Monday, August 5, 2024 - 10:02pm | 461Read More...The Japanese stock market significantly recovered on Tuesday following a historic plunge, with other Asia-Pacific markets also showing signs of improvement. What Happened: The Nikkei 225 and the broad-based Topix in Japan experienced a gain of nearly 10%. This recovery comes after the previous...
-
Mohamed El-Erian, Grant Cardone, And Matt Weller Warn Of Deepening Global Market Selloff As Yen Rise Causes Japanese Stocks To Crash: 'Is This The Beginning?'
Sunday, August 4, 2024 - 10:54pm | 888Read More...The global stock market selloff, which began in the U.S., has now engulfed Japan, leading to a significant drop in the Nikkei 225 and Topix. The situation has sparked concerns among top financial experts. What Happened: The market downturn, which has been spreading worldwide, is showing no signs of...
-
Global Sell-Off Shows No Sign Of Stopping, Japanese Stocks Fall Sharply, Nikkei Drops Over 5% — Dow Futures Down By Over 300 Points
Sunday, August 4, 2024 - 9:25pm | 420Read More...Circuit breakers were triggered for Japan’s TOPIX index and government bond futures, halting trading until 9:26:13 a.m. local time (8:26 p.m. EST). This intervention came as the TOPIX index extended its drop to over 6%, prompting urgent measures to stabilize the market. What Happened: The...
-
IBM-Backed Japanese Startup Rapidus To Begin Test Production Of 2-Nanometer Semiconductors In April, Revitalizing Japan's Chip Industry
Friday, August 2, 2024 - 6:27am | 806Read More...Japanese startup Rapidus, backed by IBM (NYSE:IBM), is set to commence test production of the country’s most advanced semiconductors in April. What Happened: The development is a direct result of a phone call from IBM, which sought to mass-produce its newly designed 2-nanometer chips in Japan...
-
Toyota Faces Government Sanctions Over Certification Scandal
Wednesday, July 31, 2024 - 12:49pm | 475Read More...Toyota Motor Corp (NYSE:TM) received a correction order from Japan’s Ministry of Land, Infrastructure, Transport and Tourism (MLIT), urging drastic reforms to ensure proper certification operations. The order comes after the Japanese government’s on-site investigation revealed improper...
-
USD/JPY Plummets As Bank Of Japan Tightens Policy
Wednesday, July 31, 2024 - 10:03am | 440Read More...By RoboForex Analytical Department The USD/JPY pair has experienced a sharp decline, currently at 152.79, following decisive monetary policy adjustments by the Bank of Japan (BoJ). In a significant shift, the BoJ raised its interest rate to 0.25% per annum and unveiled plans to scale back monthly...
















