December 13, 2023 Data source: U.S. Energy Information Administration, Short-Term Energy Outlook, December 2023 In our Short-Term Energy Outlook, we forecast the lowest annual petroleum consumption in Japan in 2024 since at least 1980, in […]
The BoJ decision to widen the YCC band was a surprise in the sense that’s it been viewed as a “when, not if” matter (while still messaging quite “dovishly” in the press conference, with Kuroda […]
The Japanese Yen appears to be inexorably drawn to the Maginot Line of 150/USD as for the third time in less than a month, Japan’s ‘yentervention’ failed overnight. As we detailed before the Asian […]
Japanese Prime Minister Fumio Kishida is stepping up the rhetoric against a weaker yen, suggesting that policy makers may be willing to step into the markets yet again. Japan’s “yentervention” is doomed to failure. As […]
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