Ishi's Tokyo Decoder 🇯🇵

The Tokyo Decoder analyzes BoJ policy and the OIS curve. We look past the headline noise to find the 'will' of the Japanese policymakers. 石 versus 意志

[Ishi's Tokyo Decoder 🇯🇵 @TokyoDecoder]

@business Everyone, everyone, yes, but apparently mostly the US's problem...

[Ishi's Tokyo Decoder 🇯🇵 @TokyoDecoder]

Bessent on a mission - we had some more thoughts on yesterday's Substack article: https://t.co/jPY0Dqm5H1

[Nikkei Asia @NikkeiAsia]

Japan-US yen intervention seen just buying time against Tokyo's loose stance
https://t.co/g4dJIMFNWm

[ブルームバーグニュース @BloombergJapan]

日本は米国債売却せず円防衛可能､海外中銀預金やFIMA活用－シティ https://t.co/wuyjgNG8uH

[Reuters @Reuters]

Japan's fight with yen bears goes on after joint rescue https://t.co/bwk1XiJcj1 https://t.co/bwk1XiJcj1

[Ishi's Tokyo Decoder 🇯🇵 @TokyoDecoder]

https://t.co/pBtMpdRNtJ

[Ishi's Tokyo Decoder 🇯🇵 @TokyoDecoder]

Policy coordination is the name of the game - please find our most recent analysis at the link below:

[CNBC @CNBC]

BOJ holds rates at 1%, warns of underlying inflation exceeding 2% target https://t.co/nKj9naVATH

[Polymarket @Polymarket]

JUST IN: Japan’s central bank keeps rates unchanged at 1%.

[Bloomberg @business]

The yen soared by the most in more than two years against the dollar after authorities stepped in once again to try and prop up the nation’s sagging currency ahead of the Bank of Japan’s policy decision https://t.co/HCYPkB7QUL

[Ishi's Tokyo Decoder 🇯🇵 @TokyoDecoder]

No surprise from the #BOJ - they will probably try the FX intervention route a few times before they become more aggressive with the policy rate. The million dollar question is of course when this break will happen...

[Nikkei Asia @NikkeiAsia]

Yen surges to 157 range per dollar, fueling intervention speculation https://t.co/YYKvPXY7pJ

[Ishi's Tokyo Decoder 🇯🇵 @TokyoDecoder]

@Barchart Why did they stop at the 200 day MA?

[Ishi's Tokyo Decoder 🇯🇵 @TokyoDecoder]

This must have been a coordinated intervention in #USDJPY - after the FED and BOE, but before the #BOJ rate decision. The BOJ thus affords to not hike rates and not be too hawkish tomorrow.

[Reuters @Reuters]

Bank of Japan to signal more rate hikes as price pressures build https://t.co/StMgXdrZTP https://t.co/StMgXdrZTP

[Bull Theory @BullTheoryio]

BREAKING: Japan's 2-year bond yield hits 1.5% for the first time in 31 years.

[Reuters @Reuters]

Japan's policy doom loop sends yen to 40-year low https://t.co/E5xgOMTxlD https://t.co/E5xgOMTxlD

[Barchart @Barchart]

BREAKING 🚨: Japan

Japanese Yen falls to its weakest level against the U.S. Dollar in 30 years 📉🇯🇵

[Ishi's Tokyo Decoder 🇯🇵 @TokyoDecoder]

https://t.co/TxRWyrk8wu

[Ishi's Tokyo Decoder 🇯🇵 @TokyoDecoder]

BOJ in pressure cooker. Please find our analysis at the link below.