Chief Asia FX and Rates Correspondent on Yen and BOJ (with Shery Ahn)

Yen at 160 despite everything else rallying against dollar on peace deal, showing immense pressure on BOJ to hike. One hike is not enough; traders demand more. JGB yields still high. If BOJ doesn't prove hawkish enough, yen pressure continues.

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Ruth Carson 3.5

Chief Asia FX and Rates Correspondent on Yen and BOJ (with Shery Ahn)

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Everything else is rallying against dollar on peace agreement. Hedge funds looking to short the dollar.

rut

Yen at 160 despite risk-on environment suggests continued pressure on Japanese markets.

Asks about Japanese yen setup for BOJ policy decision despite muted reaction in previous session.

Shery Ahn
Ruth Carson

Dollar-yen at 160 when everything else is rallying against dollar on peace agreement shows sheer amount of pressure on BOJ to hike rates. One hike is certainly not enough; traders are demanding more.

JGB yields are still high. If BOJ doesn't prove hawkish enough as judged by investment community, we will continue to see pressure on the yen.

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