美元兑日元下跌0.5%至144.12。 ...

Core Viewpoint - Nomura Holdings indicates that rising yen yields are prompting Japanese investors to withdraw from U.S. assets, alongside implicit exchange rate pressures from Washington, which may lead to a 6% appreciation of the yen against the dollar in the coming months [1] Group 1: Currency Trends - Nomura recommends shorting the USD/JPY pair, targeting a decline from approximately 145 yen to 136 yen by the end of September [1] - The steady pace of interest rate hikes by the Bank of Japan is expected to encourage domestic investors to allocate more to local bonds rather than overseas bonds [1] Group 2: Trade and Market Sentiment - Concerns over a depreciating yen, particularly during sensitive bilateral trade negotiations, may exacerbate U.S. worries regarding the USD/JPY exchange rate [1] - Analysts do not anticipate any symbolic foreign exchange agreements between the U.S. and Japan, but the market still expects a tacit understanding regarding a weaker dollar [1]

美元兑日元USD/JPY日内涨超1.00%，现报145.01。 ...

美元/日元日内涨幅达1%，报144.952。 ...

澳元兑日元触及94关口，最新报94，日内涨0.69%。 ...

Core Viewpoint - The U.S. Treasury has urged the Bank of Japan to continue tightening its monetary policy to address domestic economic fundamentals, including economic growth and inflation, and to support the yen's value against the dollar [1][4]. Group 1: U.S. Treasury's Position - The U.S. Treasury's semi-annual currency report suggests that Japan should continue its monetary tightening to normalize the yen's weakness against the dollar and to achieve structural rebalancing in bilateral trade [1]. - This report marks the first currency assessment of Japan since Trump returned to the White House, potentially fueling market speculation about a rate hike by the Bank of Japan later this year [1][7]. Group 2: Japan's Response - Japanese Finance Minister Kato Katsunobu stated that the details of monetary policy will be left to the Bank of Japan, emphasizing that he will not comment on foreign government opinions [4]. - Japan's current benchmark interest rate is only 0.5%, significantly lower than other developed countries, despite being the G7 nation with the highest inflation rate [4]. Group 3: Market Dynamics - Former top Japanese currency diplomat Mitsuhiro Furusawa indicated that the structural convergence of U.S.-Japan interest rates is the core logic behind the potential strengthening of the yen, rather than political pressure from the White House [5]. - The market is witnessing a resurgence of bets on yen appreciation, with hedge funds and long-term investors re-establishing positions at a five-year high, driven by speculation about Japan's currency discussions in trade negotiations [7]. Group 4: Economic Context - Both the U.S. and Japan share a common interest in avoiding excessive currency fluctuations that could harm exports or exacerbate inflation, suggesting a gradual appreciation of the yen may be on the horizon [6].

Core Viewpoint - The U.S. aims to prevent further appreciation of the dollar, while Japan seeks to avoid a weak yen that could drive up inflation [1] Group 1 - The U.S. is concerned about the potential negative impacts of a stronger dollar on its economy [1] - Japan is focused on managing the yen's value to control inflationary pressures [1]

Group 1 - The U.S. Treasury Department suggests that the Bank of Japan should continue tightening monetary policy to support the normalization of a weaker yen and the structural rebalancing of bilateral trade [1] - The report emphasizes that government investment tools, such as large public pension funds, should invest overseas for risk-adjusted returns and diversification, rather than targeting exchange rates for competitive purposes [1] - The Japanese Finance Minister stated that the government has delegated monetary policy decisions to the Bank of Japan and refrained from commenting on the report's contents [1] Group 2 - The Bank of Japan ended its large-scale monetary stimulus last year and raised short-term interest rates to 0.5% in January, as officials believe Japan will continue to achieve a 2% inflation target [2] - Despite the Bank of Japan's readiness to further raise interest rates, the economic impact of U.S. tariff increases led to a downward revision of economic growth forecasts in May [2] - A survey conducted from May 7 to 13 indicated that most analysts expect the Bank of Japan to maintain interest rates until September, although more than half anticipate a rate hike by the end of the year [2]

美元兑日元目前涨0.3%，暂报143.20；美国三大股指目前至少跌0.2%。 日本首席谈判代表、经济再生大臣赤泽亮正（Ryosei Akazawa）称，"希望美国全面取消关税"的立场并没有发生变化。 ...

美元兑日元USD/JPY突破143，日内涨0.19%。 ...