Group 1 - Hedge funds and asset managers are increasingly optimistic about the Japanese yen, with long positions reaching the highest level since 2006, driven by a reassessment of the Bank of Japan's interest rate path and increased demand for safe-haven assets due to U.S. tariffs [1] - The yen appreciated by 2.3% against the dollar last week, reaching its highest level since September of the previous year, as investors anticipate that the trade war initiated by Trump may negatively impact global economic growth [1] - Speculative traders have shifted to shorting the dollar, marking the most bearish sentiment towards the dollar since October of the previous year, as the environment favors safe-haven currencies like the yen [2] Group 2 - The Bank of Japan's Governor, Kazuo Ueda, expressed uncertainty regarding tariffs but reiterated that the bank would consider raising interest rates if the economic outlook improves, with a 48% chance of a rate hike by the end of the year [2] - Japan is set to begin high-stakes trade negotiations with the Trump administration, which could set the tone for other countries seeking relief from U.S. tariffs [2][3] - Japanese Prime Minister Shigeru Ishiba emphasized the importance of not rushing negotiations and the need to address national security issues, indicating that Japan may seek favorable treatment in trade discussions [3] Group 3 - Japan has received a 90-day reprieve on 24% of reciprocal tariffs, but 10% baseline tariffs and 25% tariffs on automobiles, steel, and aluminum remain in effect, with Japan previously seeking exemptions without success [3] - The upcoming negotiations will cover various topics, including automobiles, agricultural products, non-tariff barriers, and foreign exchange, with Japan's Finance Minister indicating a cautious approach to discussing currency matters [3][4]
日元多头狂欢 日本对美关税谈判划底线：不应无休止妥协
Zhong Guo Jin Rong Xin Xi Wang·2025-04-14 07:28