Masaki Kondo

Treasuries advanced with the dollar as concerns over an escalation in the Middle East conflict bolstered demand for safe-haven assets.

As if the yen doesn't have enough reasons to weaken, risks are emerging that higher oil prices will hit energy import-dependent Japan and its currency.

Oil Poses More Risks for Yen as Japan Depends on Imports

The yen is facing growing risks it will rebound against the dollar because trader positions betting it will weaken have become stretched, reaching record levels.

Yumi Teso and Masaki Kondo · Record Yen Shorts Increase Chances of Sharp, Painful Snapback

The yen weakened beyond 155 per dollar for the first time in more than three decades, fueling risk that the key level may prompt Japan's Ministry of Finance to step into the market.

The yen weakened beyond 155 per dollar for the first time in more than three decades, fueling the risk that the key level may prompt Japan to step into the market.

Yen traders are bracing themselves for a redux of September 2022, when Japan intervened in the market to prop up the ailing currency in the wake of a central bank decision that reaffirmed accommodative monetary policy.

Investors in Japanese government bonds have already had a taste of quantitative tightening by the nation's central bank.

Investors in Japanese government bonds have already had a taste of quantitative tightening by the nation’s central bank.