USD/JPY (JPY=X)
| Previous Close | 148.5110 |
| Open | 148.5100 |
| Bid | 149.0900 |
| Day's Range | 148.3960 - 149.2830 |
| 52 Week Range | 139.5780 - 161.9420 |
| Ask | 149.1950 |
Barrons.comJapan’s Governing Party Selects Next Prime Minister, Yen Strengthens
Japan is set to get a new leader and the market seems to be betting he will be hawkish on monetary policy as the yen strengthened sharply. Shigeru Ishiba narrowly won a vote in the ruling Liberal Democratic Party on Friday to become party leader, and the LDP-controlled parliament will meet Tuesday to elect him prime minister.
- Yahoo Finance Video
F/X trades while central banks adjust policy: Portfolio manager
The Japanese yen (JPY=X) weakened against the US dollar on Friday after the Bank of Japan left its interest rates unchanged. The central bank signaled that it can take its time when deciding to hike rates again as its economy remains on track compared to the uncertainty in the US. Lauren van Biljon, Allspring Global Investments portfolio manager and head of rates & FX for the global fixed income team, joins Seana Smith and Madison Mills on Catalysts to dive into how investors can play the currency market in the current environment. "You've really got to control your position sizing and keep your sort of stops both to the upside and the downside," van Biljon says, adding, " I think a good way to play it right now is, is on a more regional basis." Van Biljon recommends the Norwegian krone (NOK=X) as an attractive option given the global divergence in policy decisions. For more expert insight and the latest market action, click here to watch this full episode of Catalysts. This post was written by Cheyenne Reid.
- Barrons.com
The Fed Isn't the Only Central Bank Making Moves. Japan's Yen Jumps Ahead of BoJ Decision.
While markets are on edge on a historic Federal Reserve decision day, another central bank could also have a massive impact on stocks this week. Investors will be hoping it doesn't raise interest rates again, after a surprise hike in July unwound the so-called carry trade and sparked a bout of market turbulence. The Japanese yen climbed as much as 0.8% against the dollar on Wednesday, reflecting investors' belief that the Fed and BoJ are at different stages of their monetary policy cycles.
