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BNY’s Bob Savage highlights that suspected FX intervention has driven a sharp Japanese Yen rebound, with the Ministry of Finance signaling readiness to act in both currency and crude oil futures. The focus is now on key USD/JPY levels around 155–158 as authorities seek to counter Yen weakness.
"The new story is about the FX intervention to support JPY yesterday and potentially today; however, that did not move markets much other than to reset the currency against its peers."
"JPY intervention: The BoJ likely spent $34.5bn intervening to move JPY from 160 to 156 yesterday, in the first intervention since July 2024. “I won’t comment on what we’ll do ahead. But I will tell you that Japan’s Golden Week holidays have just started,” Atsushi Mimura told reporters when asked whether Tokyo could intervene in the currency market."
"The focus for action is now on the 155 and 158 marks after yesterday’s surprise action. JPY’s relationship to CNY and KRW and the easing in USD buying in APAC will be watched into next week."
"Japanese Deputy Finance Minister Atsushi Mimura has said the ministry is “ready to act regarding crude oil futures transactions.” This latest warning of financial market intervention came as the Japanese yen strengthened further in late Tokyo trading on Friday after an earlier pause, extending gains triggered by suspected government intervention."
(This article was created with the help of an Artificial Intelligence tool and reviewed by an editor.)
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BNY’s Bob Savage highlights that suspected FX intervention has driven a sharp Japanese Yen rebound, with the Ministry of Finance signaling readiness to act in both currency and crude oil futures. The focus is now on key USD/JPY levels around 155–158 as authorities seek to counter Yen weakness.
GBP/JPY stages a modest rebound on Friday after coming under selling pressure earlier in the day amid suspected intervention by Tokyo for a second straight day to curb excessive weakness in the Japanese Yen (JPY).
United States S&P Global Manufacturing PMI came in at 54.5, above expectations (54) in April
Canada S&P Global Manufacturing PMI climbed from previous 50 to 53.3 in April
European Central Bank (ECB) Governing Council member Gabriel Makhlouf said on Friday that without a clear timeline for the end of the conflict in the Middle East, he is concerned about a "higher-for-longer" energy price scenario, per Reuters.
AUD/USD trades around 0.7200 on Friday at the time of writing, virtually unchanged on the day and holding near recent highs, as markets adopt a wait-and-see approach ahead of the Reserve Bank of Australia (RBA) monetary policy decision scheduled for Tuesday.
据伊朗消息来源称，多家新闻媒体周五报道，伊朗通过巴基斯坦调解人于周四提出了结束战争的新提议，并对美国（US）的修正案作出回应。
In a statement published on Friday, Federal Reserve Bank of Cleveland President Beth Hammack explained her decision to dissent against the Fed keeping an easing bias in the policy statement, saying that a "clear easing bias" is no longer appropriate given the current outlook.
明尼阿波利斯联邦储备银行行长尼尔·卡什卡里周五解释说，他在四月的政策会议上持异议，因为霍尔木兹海峡的不确定性意味着美联储应在声明中承认加息的风险。