Investors on alert after Japanese market jitters Economics Japan continued to preoccupy traders at the start of the week after the country’s prime minister suggested that the government was ready to support the yen, pushing the currency up to its strongest level against the dollar in two months following market turbulence that has been described as a “Liz Truss-lite moment”. The yen marked [...]
Goldman warns Japan fiscal plans could spark UK bond sell-off Markets The fiscal plans touted by the woman poised to become Japan’s first female Prime Minister will trigger a sharp jump the country’s borrowing costs that could spill over into the price of UK and US government bonds, Goldman Sachs has said. Sanae Takaichi, an admirer of Margaret Thatcher, was swept to victory in her Liberal [...]
Yen on brink of breaching ‘psychological barrier’ as Bank of Japan poised to intervene Markets The Japanese yen is at risk of passing the psychological barrier of 160 per dollar as markets prepare for the country's central bank to intervene in an effect to prop up the currency, as it has in the past.