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Yen surged as USD/JPY fell 163 to 158, spurring intervention talk; BoJ held rates, flagged inflation risks.
Asian stocks surged on AI-led chip rally; Korea jumped, Japan steady, China PMIs weak, recommend option hedges.
Japan’s top forex official says authorities stay in close contact and stand ready to act.
Japan retail sales plunged 4.1% in June, pressuring BOJ tightening hopes, weakening yen; trades: long USD/JPY.
Japan’s industrial production jumped 4.25% in June, boosting BoJ hike odds, sparking yen strength and volatility.
Japan retail sales rose just 0.5% in June, easing BOJ hike pressure and weighing on yen.
Tokyo core-core CPI hit 2% in July, boosting BOJ hike odds; yen up, JGBs and Nikkei pressured.
Tokyo’s consumer inflation quickened in July, rising 2% year-on-year, signalling firmer price pressures into Q3.
Japan’s unemployment stayed at 2.5% in June, supporting BoJ normalization and fueling bearish JGB, stronger yen trades.
USD/JPY plunged five yen in minutes on heavy dollar selling, nearing key EMAs; BOJ decision awaited.
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