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Coverage, page 6

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USD/JPY Rally from 155.00 Sets the Stage for Ueda

A 25 bp hike from the BoJ is priced-in for the upcoming rate decision, so perhaps the bigger question is what else the BoJ might have in store. In Scott Bessent's comments a week ago he seemed to insinuate that the BoJ would have something more to say, and that sent USD/JPY down for a test of the lows at the time but sellers couldn't run with a break. Since then, there's been a continued build of higher-lows and after initial resistance at 155.00, bulls used that spot for support around the start of yesterday's rate decision from the Fed. At this point, holding longs can be daunting above the 160.00 level that was sold hard two weeks ago, but unless something shifts or changes, there could still be motive for bulls to bid dips. Motivation for the BoJ should be high as oil prices combined with Yen weakness and surging Japanese yields make for a difficult backdrop given Japan's debt to GDP ratio of more than 200%. - JS

TITradingView Ideas17 Sept
  • neutral toward USD · 80%

Money in people’s pockets is the key to economic recovery | Letter

David Redshaw responds to a letter on the bond markets and economic pressures afflicting the UK Neil Kinnock’s timely letter ( 9 September ) reminds us that we are not alone in suffering high gilt yields and borrowing costs. We are still feeling the fallout from Covid, and it needs mentioning that our national debt is similar to America’s and much less than Japan’s, and it never gets mentioned that Italy routinely runs 100% of GDP debt. But as Kinnock observes, the policies of several Conservative governments (including Brexit) have made things worse, and the problem for us is not so much the actual debt but our direction of travel. The aforementioned will make the bond markets view us with a more jaundiced eye. It was predictable that Jamie Dimon would pop up at this point ( JP Morgan boss meets Burnham and Healey to warn against bank tax rise, 10 September ). He talks about potential lack of investment by the banks. What investment? We aren’t even a nation of shopkeepers any longer; we’re a nation of pizza deliverers. Continue reading...

The GuardianThe Guardian•Guardian Staff17 Sept

Alaska Airlines Sued For $521,900 After 11 Japanese Paintings Ruined In Honolulu Rainstorm

An art insurer is suing Alaska Airlines for more than $521,900 after 11 paintings were allegedly soaked and badly damaged while being transferred between aircraft amid a heavy rainstorm in Honolulu. The original artworks were traveling from Osaka, Japan, to New York via Honolulu ahead of delivery to New York-based Japanese art dealer Naga Antiques.

Simple FlyingSimple Flying•Chris Loh17 Sept
  • neutral toward Alaska Airlines · 96%

Fundamental Market Analysis for September 17, 2026 USDJPY

USD/JPY is holding around 156.100 after a hawkish Fed decision pushed the dollar to a seven-week high against a currency basket. The US regulator raised rates and signaled the possibility of another move by year-end, while two-year Treasury yields hit their highest level since mid-2024. This repricing supports interest rate differentials in favor of the dollar. However, the scope for pair growth is limited by the Bank of Japan's meeting on Friday. The market expects a rate hike to its highest level in 31 years amid persistent inflationary pressures, including those related to expensive energy. More hawkish signals on further increases could quickly strengthen the yen, so the anticipation of the decision reduces the appeal of aggressive dollar buys. Despite the Japanese risk, within the current session, the actual momentum from the Fed remains stronger than expectations for the Bank of Japan, which are already largely priced in. As long as US yields remain high, USD/JPY may continue its moderate rise. The scenario will lose strength if the market begins to price in a faster rate hiking cycle in Japan and demand for the yen noticeably recovers. Trading idea: BUY 156.100, SL 155.700, TP 157.000

TITradingView Ideas17 Sept

No more ‘Mark doing freaky things’ as Nawaqanitawase’s NRL farewell looms

The much-loved winger has an ‘unbelievable’ Roosters highlights reel but will soon cross codes again for the next rugby union chapter in Japan Mark Nawaqanitawase, the prime producer of NRL highlights, will soon be lost to rugby league at the age of just 26. His performances have been described as “freaky” and “ridiculous”, but he is due to return to rugby union as early as Saturday night, unless the Roosters can overcome Cronulla in their semi-final. To say Nawaqanitawase is much loved at Moore Park undersells the widespread affection for him. Officials at the Roosters and Rugby Australia are neighbours in the offices next to Allianz Stadium, and neither has any ill-will towards the winger, despite both losing him as a player during a three-year period in which Nawaqanitawase has reached almost inconceivable cross-code heights. Continue reading...

The GuardianThe Guardian•Jack Snape17 Sept

Small but mighty! Remembering the GameCube, Nintendo’s purple bundle of joy

The first console I ever bought, it was hyped as a threat to the PlayStation, then mocked as a flop. But now, as it marks its 25th anniversary, it’s looked back on with misty-eyed reverence This week marks the 25th anniversary of the Nintendo GameCube, the first console I ever bought with my own money. I vividly remember getting on the bus after school with a year’s worth of savings safely zipped into the pocket of my bag and going to a branch of Currys, where I dumped a bunch of notes, coins and vouchers on the counter to collect my pre-order. (It turned out that some of the vouchers from the previous Christmas had expired, but the guy at the checkout clearly felt so sorry for me that he redeemed them anyway. If you’re out there, Currys guy: thank you for taking pity on a desperate 13-year-old.) If it hadn’t been for the ill-fated Wii U console, whose failure to take off in 2012 resulted in the first unprofitable periods in Nintendo’s game-making history, the GameCube would be remembered as the company’s biggest flop aside from the infamous Virtual Boy, from 1995. Released in Japan this week in 2001 (and in May 2002 in Europe), this surprisingly powerful purple cube sold less than the Xbox and the PlayStation 2. With its squat, colourful form and unusual controller, arranged around a big traffic-light-green A button and small analogue sticks designed for small hands, it had a hint of Fisher-Price about it. Continue reading...

The GuardianThe Guardian•Keza MacDonald16 Sept