net_left adver left

Yen intervention will not stop sharp declines, official warns

Thursday, September 15, 2022
let atwWrapper,atwContainerWidth,atwSliderBox,atwTotalWidth; function initATWSlider() { atwWrapper = $('.relatedInstruments'); atwSliderBox = atwWrapper.find('.slider'); atwContainerWidth = atwWrapper.width(); atwTotalWidth = atwSliderBox.width(); if(window.domainId === '2' || window.domainId === '3'){ atwWrapper.find('.sliderRight').addClass('js-slider-prev'); atwWrapper.find('.sliderLeft').addClass('js-slider-next'); } else { atwWrapper.find('.sliderRight').addClass('js-slider-next'); atwWrapper.find('.sliderLeft').addClass('js-slider-prev'); } if(atwSliderBox.find('.instrumentBox').length > 6){ atwWrapper.find('.js-slider-next').fadeIn(600); } } function atwMoveRight() { atwWrapper.find('.js-slider-prev').fadeIn(150); $(".slider > :visible:first").hide(150) $(".slider > :visible:last").next().show(150); if(!$(".slider > :visible:last").next().find('.name')()){ atwWrapper.find('.js-slider-next').fadeOut(150); return; } } function atwMoveLeft() { atwWrapper.find('.js-slider-next').fadeIn(150); $(".slider > :visible:last").hide(150); $(".slider > :visible:first").prev().show(150); if(!$(".slider > :visible:first").prev().find('.name')()){ atwWrapper.find('.js-slider-prev').fadeOut(150); return; } } initATWSlider(); //update star icon on adding/removing instrument to/from specific watchlist atwWrapper.on('click', 'label.addRow', function() { let parent = $(this).parent(); let checkedPortfolio = false; parent.find('input[type=checkbox]').each(function () { if($(this).is(':checked')){ checkedPortfolio = true; } }); let closestStar = $(this).closest('.addToPortWrapper').find('.star'); if(checkedPortfolio){ closestStar.addClass('added'); }else{ closestStar.removeClass('added'); } }); //update star icon on creating new watchlist atwWrapper.find('.js-create-watchlist-portfolio').find('a.js-create').on('click',function () { let parent = $(this).parent(); let watchlistName = parent.find('input[type=text]').val(); if(!watchlistName){ return; } let star = $(this).closest('.addToPortWrapper').find('.star'); star.addClass('added'); }); //update star icon on adding new position atwWrapper.find('.js-create-holdings-portfolio').find('.js-submit').on('click',function () { let addPositionForm = $(this).closest('.addToPortfolioPop').find('.holdingsContent'); let amount = addPositionForm.find('.js-amount').val(); if(amount < 1){ return; } let star = $(this).closest('.addToPortWrapper').find('.star'); star.addClass('added'); }); window.atwPairTypes = {"20171":"Equities"};

By Kaori Kaneko and Daniel Leussink

TOKYO (Reuters) - Japan's efforts to stop the yen's sharp falls through unilateral market intervention would only have a limited impact, a senior member of the country's ruling party warned, as data showed the currency's recent tumble blowing the trade gap out to a record.

The Japanese yen held above 24-year lows against the U.S. dollar on Thursday, a day after authorities issued their clearest signal yet that they were not comfortable with recent sharp declines in the currency and were preparing for intervention.

The yen last traded around 143.62 per dollar, down about 0.3%, having shot up against the greenback on Wednesday on news of the possible intervention.

Satsuki Katayama, the ruling Liberal Democratic Party's (LDP) head of a research commission on financial affairs, said Tokyo lacked effective means to combat the yen's falls and that unilateral interventions would be limited.

"Solo currency intervention won't be that effective" in stemming sharp yen falls, which are driven by the interest-rate gap between the United States and Japan, Katayama told Reuters in an interview on Wednesday.

Persistently high inflation in the United States and elsewhere has forced the Federal Reserve to aggressively raise interest rates, giving the dollar a significant yield advantage that has triggered a rampaging rally against its major global peers, including the yen.

Katayama, who is also a former Ministry of Finance (MOF) official with financial markets expertise, said raising Japan's ultra-low interest rates would also be difficult given the impact that could have on the country's 550 trillion yen ($3.84 trillion) of bank loans.

That sentiment was echoed by Yuichiro Tamaki, the head of the opposition Democratic Party for the People, who said a rate hike would do more harm than good for the economy and instead called on more fiscal support.

The Bank of Japan on Wednesday conducted a rate check with banks in apparent preparation to step in to reduce the yen's falls, which sent it up more than 1% and highlighted its nervousness about its steep declines.

WEAKER CURRENCIES

Japan's policymakers have historically favoured a weaker currency, which makes exports more competitive, but now worry about the inflationary effect it will have on the cost of everything from food and dining out to utility and transport bills more expensive.

Analysts said the rate check would give only brief support for the currency, as Tokyo could struggle to gain consent from Group of Seven counterparts to conduct yen-buying intervention.

Other Asian economies are also turning their attention to risks from weaker domestic currencies.

In South Korea, the country's foreign exchange authority was seen selling dollars to curb the fall in the won, after the currency hit its lowest in nearly 13-1/2 years.

Separately, data on Thursday showed the trade deficit hit its biggest in a single month on record in August at $19.7 billion. The blowout follows a nearly 20% slide in the yen since the start of the year.

The weak yen caused particular pain for household budgets that are facing pressure from price rises, said Ayako Sera, market strategist at Sumitomo Mitsui (NYSE:SMFG) Trust Bank.

"When comparing the positive and negative impact the weak yen is having on the situation in Japan overall, there are clearly more negatives," Sera said.

The trade data showed the average exchange rate was 135.08 yen per dollar, a 22.9% jump of the greenback against the yen from a year earlier.

Leave your comment
HOT AUTO TRADE BOT SOFTWARE adver right
APPROVED BROKERS
net_home_top HOT AUTO TRADE BOT SOFTWARE
29-09-2022 06:21:04 (UTC+7)

EUR/USD

0.9716

-0.0018 (-0.18%)

Summary

↑ Sell

Moving Avg:

Buy (0)

Sell (12)

Indicators:

Buy (0)

Sell (7)

EUR/USD

0.9716

-0.0018 (-0.18%)

Summary

↑ Sell

Moving Avg:

Buy (0)

Sell (12)

Indicators:

Buy (0)

Sell (7)

GBP/USD

1.0851

-0.0037 (-0.34%)

Summary

↑ Sell

Moving Avg:

Buy (0)

Sell (12)

Indicators:

Buy (1)

Sell (7)

USD/JPY

144.34

+0.17 (+0.12%)

Summary

↑ Buy

Moving Avg:

Buy (12)

Sell (0)

Indicators:

Buy (9)

Sell (0)

AUD/USD

0.6509

-0.0014 (-0.21%)

Summary

↑ Sell

Moving Avg:

Buy (0)

Sell (12)

Indicators:

Buy (0)

Sell (9)

USD/CAD

1.3624

+0.0019 (+0.14%)

Summary

↑ Buy

Moving Avg:

Buy (12)

Sell (0)

Indicators:

Buy (7)

Sell (0)

EUR/JPY

140.24

-0.10 (-0.07%)

Summary

↑ Sell

Moving Avg:

Buy (0)

Sell (12)

Indicators:

Buy (0)

Sell (5)

EUR/CHF

0.9493

-0.0008 (-0.08%)

Summary

↑ Sell

Moving Avg:

Buy (0)

Sell (12)

Indicators:

Buy (0)

Sell (9)

Gold Futures

1,666.00

-4.00 (-0.24%)

Summary

↑ Sell

Moving Avg:

Buy (2)

Sell (10)

Indicators:

Buy (0)

Sell (10)

Silver Futures

18.860

-0.020 (-0.11%)

Summary

Sell

Moving Avg:

Buy (3)

Sell (9)

Indicators:

Buy (2)

Sell (5)

Copper Futures

3.3785

-0.0030 (-0.09%)

Summary

↑ Sell

Moving Avg:

Buy (2)

Sell (10)

Indicators:

Buy (0)

Sell (11)

Crude Oil WTI Futures

81.75

-0.40 (-0.49%)

Summary

↑ Sell

Moving Avg:

Buy (0)

Sell (12)

Indicators:

Buy (1)

Sell (7)

Brent Oil Futures

87.98

+3.11 (+3.66%)

Summary

↑ Buy

Moving Avg:

Buy (10)

Sell (2)

Indicators:

Buy (8)

Sell (0)

Natural Gas Futures

6.989

-0.038 (-0.54%)

Summary

Sell

Moving Avg:

Buy (5)

Sell (7)

Indicators:

Buy (2)

Sell (4)

US Coffee C Futures

227.80

+3.45 (+1.54%)

Summary

↑ Sell

Moving Avg:

Buy (1)

Sell (11)

Indicators:

Buy (1)

Sell (7)

Euro Stoxx 50

3,335.30

+6.65 (+0.20%)

Summary

Neutral

Moving Avg:

Buy (7)

Sell (5)

Indicators:

Buy (2)

Sell (5)

S&P 500

3,719.04

+71.75 (+1.97%)

Summary

↑ Sell

Moving Avg:

Buy (3)

Sell (9)

Indicators:

Buy (0)

Sell (8)

DAX

12,183.28

+43.60 (+0.36%)

Summary

Neutral

Moving Avg:

Buy (12)

Sell (0)

Indicators:

Buy (1)

Sell (4)

FTSE 100

7,005.39

+20.80 (+0.30%)

Summary

Neutral

Moving Avg:

Buy (11)

Sell (1)

Indicators:

Buy (0)

Sell (6)

Hang Seng

17,250.88

-609.43 (-3.41%)

Summary

Buy

Moving Avg:

Buy (8)

Sell (4)

Indicators:

Buy (5)

Sell (2)

US Small Cap 2000

1,725.13

+62.62 (+3.77%)

Summary

↑ Buy

Moving Avg:

Buy (12)

Sell (0)

Indicators:

Buy (4)

Sell (3)

IBEX 35

7,442.20

-3.50 (-0.05%)

Summary

Neutral

Moving Avg:

Buy (12)

Sell (0)

Indicators:

Buy (4)

Sell (5)

BASF SE NA O.N.

39.415

-0.080 (-0.20%)

Summary

↑ Buy

Moving Avg:

Buy (12)

Sell (0)

Indicators:

Buy (10)

Sell (0)

Bayer AG NA

48.19

-0.07 (-0.13%)

Summary

Neutral

Moving Avg:

Buy (8)

Sell (4)

Indicators:

Buy (4)

Sell (4)

Allianz SE VNA O.N.

160.72

-3.02 (-1.84%)

Summary

↑ Buy

Moving Avg:

Buy (12)

Sell (0)

Indicators:

Buy (9)

Sell (0)

Adidas AG

130.24

+2.94 (+2.31%)

Summary

↑ Buy

Moving Avg:

Buy (12)

Sell (0)

Indicators:

Buy (10)

Sell (1)

Deutsche Lufthansa AG

5.772

-0.024 (-0.41%)

Summary

↑ Buy

Moving Avg:

Buy (12)

Sell (0)

Indicators:

Buy (8)

Sell (0)

Siemens AG Class N

99.46

+1.54 (+1.57%)

Summary

↑ Buy

Moving Avg:

Buy (12)

Sell (0)

Indicators:

Buy (10)

Sell (0)

Deutsche Bank AG

7.854

-0.274 (-3.37%)

Summary

↑ Sell

Moving Avg:

Buy (3)

Sell (9)

Indicators:

Buy (0)

Sell (7)

    EUR/USD 0.9716 ↑ Sell  
    GBP/USD 1.0851 ↑ Sell  
    USD/JPY 144.34 ↑ Buy  
    AUD/USD 0.6509 ↑ Sell  
    USD/CAD 1.3624 ↑ Buy  
    EUR/JPY 140.24 ↑ Sell  
    EUR/CHF 0.9493 ↑ Sell  
    Gold 1,666.00 ↑ Sell  
    Silver 18.860 Sell  
    Copper 3.3785 ↑ Sell  
    Crude Oil WTI 81.75 ↑ Sell  
    Brent Oil 87.98 ↑ Buy  
    Natural Gas 6.989 Sell  
    US Coffee C 227.80 ↑ Sell  
    Euro Stoxx 50 3,335.30 Neutral  
    S&P 500 3,719.04 ↑ Sell  
    DAX 12,183.28 Neutral  
    FTSE 100 7,005.39 Neutral  
    Hang Seng 17,250.88 Buy  
    Small Cap 2000 1,725.13 ↑ Buy  
    IBEX 35 7,442.20 Neutral  
    BASF 39.415 ↑ Buy  
    Bayer 48.19 Neutral  
    Allianz 160.72 ↑ Buy  
    Adidas 130.24 ↑ Buy  
    Lufthansa 5.772 ↑ Buy  
    Siemens AG 99.46 ↑ Buy  
    Deutsche Bank AG 7.854 ↑ Sell  
Mua/Bán 1 chỉ SJC
# So hôm qua # Chênh TG
SJC Eximbank6,410/ 6,510
(0/ 0) # 1,818
SJC HCM6,420/ 6,520
(0/ 0) # 1,831
SJC Hanoi6,420/ 6,522
(0/ 0) # 1,833
SJC Danang6,420/ 6,522
(0/ 0) # 1,833
SJC Nhatrang6,420/ 6,522
(0/ 0) # 1,833
SJC Cantho6,420/ 6,522
(0/ 0) # 1,833
Cập nhật 29-09-2022 06:21:06
Xem lịch sử giá vàng SJC: nhấn đây!
ↀ Giá vàng thế giới
$1,657.55 +28.44 1.75%
Live 24 hour Gold Chart
ʘ Giá bán lẻ xăng dầu
Sản phẩm Vùng 1 Vùng 2
RON 95-V23.26023.720
RON 95-III22.58023.030
E5 RON 92-II21.78022.210
DO 0.05S22.53022.980
DO 0,001S-V24.51025.000
Dầu hỏa 2-K22.44022.880
ↂ Giá dầu thô thế giới
WTI $80.94 -1.35 -1.67%
Brent $88.24 -1.29 -1.46%
$ Tỷ giá Vietcombank
Ngoại tệMua vàoBán ra
USD23.580,0023.890,00
EUR22.159,1623.399,49
GBP24.732,3625.786,46
JPY159,76169,13
KRW14,2317,34
Cập nhật lúc 04:57:15 29/09/2022
Xem bảng tỷ giá hối đoái
adver main right