Credit Writedowns » Japan

Why The Yen Rally May Not Last

Marc Chandler — Wed, 02 May 2012 13:44:12 +0000

The Japanese yen was hands down the best performing G10 currency in April, gaining about 3.3% against the dollar and 4.2% against the euro. It appeared to start the new month on a strong note, with the dollar falling to 2 month lows in early Asia. However, in a holiday-thin European session and then in the North American session, the yen was sold off. There are several considerations that we briefly sketch here

Credit Writedowns Pro is live. Sign up today for premium content.
Why The Yen Rally May Not Last originally appeared on Credit Writedowns

Links: RSS - Daily - Weekly - Twitter - Facebook - Contact
Credit Writedowns Feed # abf0d081857b85fe6be494728740a4f1

Related Posts No related posts.

Australian House Prices down 10% from Peak

Steve Keen — Tue, 01 May 2012 12:26:07 +0000

Australian house prices peaked in June 2010. The motive force behind Australia’s bubble was the same as in the USA and Japan: accelerating debt drove rising house prices during the boom. Now in both those countries, decelerating debt is driving house prices down. The same pattern applies in Australia

Credit Writedowns Pro is live. Sign up today for premium content.
Australian House Prices down 10% from Peak originally appeared on Credit Writedowns

Links: RSS - Daily - Weekly - Twitter - Facebook - Contact
Credit Writedowns Feed # abf0d081857b85fe6be494728740a4f1

Related Posts No related posts.

Japan’s fuel imports driving trade deficit to record

Sober Look — Thu, 26 Apr 2012 00:17:28 +0000

As predicted earlier this year, Japan continues to struggle with its energy needs. The chart below shows the recent trend in Japan's imports of residual fuel oil. These fuel imports are quickly translating into a rising trade deficit

Credit Writedowns Pro is live. Sign up today for premium content.
Japan’s fuel imports driving trade deficit to record originally appeared on Credit Writedowns

Links: RSS - Daily - Weekly - Twitter - Facebook - Contact
Credit Writedowns Feed # abf0d081857b85fe6be494728740a4f1

Related Posts

Japan to Report Another Trade Deficit 21 Mar 2012
Useful links on Japan, nuclear energy and radiation 17 Mar 2011
Chart of the day: Largest US trade partners 6 Oct 2011

Lots of Recent Policy Missteps: What are They Thinking?

Marc Chandler — Thu, 12 Apr 2012 17:30:44 +0000

In recent days, policy makers have been most noticeable by their absence. This absence has weakened their credibility and encouraging speculative attention. This is true for Switzerland, Europe and Japan

Credit Writedowns Pro is live. Sign up today for premium content.
Lots of Recent Policy Missteps: What are They Thinking? originally appeared on Credit Writedowns

Links: RSS - Daily - Weekly - Twitter - Facebook - Contact
Credit Writedowns Feed # abf0d081857b85fe6be494728740a4f1

Related Posts

What to Make of Swiss Franc 1 Apr 2010
Watch Switzerland on Monday 4 Nov 2011
Underwhelming Policy Response Continues 17 Aug 2011

Dollar and Yen Bounce Back as Periphery Concerns Mount

Marc Chandler — Tue, 10 Apr 2012 12:00:00 +0000

As full liquidity returns to the markets for the first time in nearly a week, the US dollar and Japanese yen have rallied. First though weak short euros and long yen cross positions were squeezed in early Asia, but by the time Europe entered the fray, the moves were well under way, with the euro and sterling coming off and the yen rallying

Credit Writedowns Pro is live. Sign up today for premium content.
Dollar and Yen Bounce Back as Periphery Concerns Mount originally appeared on Credit Writedowns

Links: RSS - Daily - Weekly - Twitter - Facebook - Contact
Credit Writedowns Feed # abf0d081857b85fe6be494728740a4f1

Related Posts

Dollar Firmer as Periphery Pressures Mount 10 Mar 2011
Frustrating Friday as Euro and Sterling Bounce Back 23 Mar 2012
Dollar Rally Stalls as US Yields Back Up 15 Mar 2012

Seven Observations about the Yen

Marc Chandler — Thu, 05 Apr 2012 20:30:04 +0000

The yen was the weakest of the major currencies in Q1, losing about 7.2% against the dollar. There was a clear shift in both speculative and portfolio flows. This is just one of seven observations about the Yen via Marc Chandler

Credit Writedowns Pro is live. Sign up today for premium content.
Seven Observations about the Yen originally appeared on Credit Writedowns

Links: RSS - Daily - Weekly - Twitter - Facebook - Contact
Credit Writedowns Feed # abf0d081857b85fe6be494728740a4f1

Related Posts No related posts.

On Lord Wolfson’s Economic Prize for Leaving Euro Area

Edward Hugh — Tue, 03 Apr 2012 12:15:01 +0000

At around 9:00am London time this morning Lord Wolfson held a press conference to announce the five finalists in his economics prize contest. Naturally Lord Wolfson is not looking for just any solutions, as the initial question makes clear, he is looking for a solution in which at least one member country leaves the Euro and a procedure (or template) whereby other countries who find themselves in a similar situation might leave. Unfortunately this questions begs many other questions, some of which have no easy answer

Credit Writedowns Pro is live. Sign up today for premium content.
On Lord Wolfson’s Economic Prize for Leaving Euro Area originally appeared on Credit Writedowns

Links: RSS - Daily - Weekly - Twitter - Facebook - Contact
Credit Writedowns Feed # abf0d081857b85fe6be494728740a4f1

Related Posts

Full Text: Moody’s: Euro Area Sovereigns Remain Under Pressure In Absence of Decisive Initiatives 12 Dec 2011

Faber: Japanese stocks will outperform as US margins deteriorate

Edward Harrison — Mon, 02 Apr 2012 20:36:06 +0000

Here's the latest from Bloomberg Television, Marc Faber, the publisher of the Gloom, Boom and Doom Report, thinks that Japanese equities are going to outperform this year. Why? For the same reasons I have been saying that a more defensive posture is warranted: "earnings may begin to disappoint" and "corporate profit margins could deteriorate."

Credit Writedowns Pro is live. Sign up today for premium content.
Faber: Japanese stocks will outperform as US margins deteriorate originally appeared on Credit Writedowns

Links: RSS - Daily - Weekly - Twitter - Facebook - Contact
Credit Writedowns Feed # abf0d081857b85fe6be494728740a4f1

Related Posts

Time to Board the Gold Stocks Train? 11 Jul 2010
If Deflation Wins, What Will Gold Stocks Do? 7 Aug 2010
Bianco: An 1100 S&P would look expensive if we have a recession 13 Sep 2011

Several policy implications from the recent data reports

BBH — Mon, 02 Apr 2012 13:00:44 +0000

The US dollar is marginally softer as North American players return to their posts. The better-than-expected official Chinese manufacturing PMI (53.1 from 51.0 in Feb and consensus for 50.5) saw steeper losses in the greenback, but the disappointing euro zone manufacturing PMI (47.7 same as the flash but weak details) helped cap the euro in front of last week’s highs, ahead of 1.34, and weighed on European equities. There are several policy implications from the recent data reports. We enumerate them here

Credit Writedowns Pro is live. Sign up today for premium content.
Several policy implications from the recent data reports originally appeared on Credit Writedowns

Links: RSS - Daily - Weekly - Twitter - Facebook - Contact
Credit Writedowns Feed # abf0d081857b85fe6be494728740a4f1

Related Posts

Unemployment claims data deteriorate sharply 5 May 2011
Chart of the Day: The Future of the Euro 27 Nov 2011

Economic Weakness Boosts Demand for Dollar and Yen; Chinese PMI Down

BBH — Thu, 22 Mar 2012 11:35:46 +0000

The theme of the day is one of economic weakness. New Zealand GDP (0.3% q/q vs. 0.7% prev), HSBC China PMI (48.1 vs. 49.6 prev), euro zone PMI composite (48.7 vs. 49.3 prev), and UK retail sales (-0.8% m/m vs. 0.6% prev ex-auto fuel) all came in weaker than expected. While some of these numbers can be volatile, the timing of the reports couldn’t be worse given rising concerns in recent days about a China hard landing along with softer global growth

Credit Writedowns Pro is live. Sign up today for premium content.
Economic Weakness Boosts Demand for Dollar and Yen; Chinese PMI Down originally appeared on Credit Writedowns

Links: RSS - Daily - Weekly - Twitter - Facebook - Contact
Credit Writedowns Feed # abf0d081857b85fe6be494728740a4f1

Related Posts

China Approves Hong Kong Monetary Authority to Buy Chinese Securities 2 Nov 2010
Chinese to start settling trade in Yuan 9 Apr 2009
Contagion Fears and China Hike Spur Dollar Demand 6 Jul 2011