JPY is underperforming despite MoF engagement & hawkish BoJ Gov – Scotiabank

FXStreetMay 27, 2025 11:42 AM

View all comments（0）



Japanese Yen (JPY) is weak, trading down 0.8% against the US Dollar (USD) and underperforming all of the G10 currencies in an environment of broad-based USD strength, Scotiabank's Chief FX Strategist Shaun Osborne notes.

Ueda confirms a bias to further tightening

"Bond market developments remain front and center for the currency, as market participants speculate about the possibility of a reduction in government debt issuance following the finance ministry’s engagement with primary dealers."

"US-Japan spreads have remained relatively steady and top tier domestic data releases have been limited, leaving the focus squarely centered on headline risk including comments from BoJ Gov. Ueda who confirmed a bias to further tightening."

Disclaimer: The information provided on this website is for educational and informational purposes only and should not be considered financial or investment advice.

Comments (0)

Click the $ button, enter the symbol, and select to link a stock, ETF, or other ticker.

Commenting Guidelines

Recommended Articles

US Pre-Market: Micron Drops Nearly 5% Pressuring Memory Chip Sector, Flurry of Bad News from Tech Giants Weighs on Market Sentiment, OpenAI IPO May Be Delayed to 2027

TradingKey - Ahead of the US market open on June 26, Eastern Time, the three major US stock index futures fell across the board. As of press time, Dow futures were down 0.10%, Nasdaq 100 futures fell 1.08%, and S&P 500 futures declined 0.44%.

Gold Price Forecast: PCE Data Weakens Fed Rate Hike Expectations, Can Gold Price Hold Steady at $4,000?

TradingKey - As of today (June 26) during the Asian session, gold (XAUUSD) prices fluctuated around $4,010. Yesterday, gold rebounded briefly following the release of the PCE data, with market sentiment improving significantly compared to before the release. However, from an overall structural perspective, gold has not yet fully shaken off its weak setup. Although the PCE data did not deteriorate further beyond expectations, triggering short-term short-covering, US inflation remains significantly above the Federal Reserve's 2% target. Expectations of future Fed rate hikes persist, limiting the upside potential for gold's rebound.

Apple Stock Price Forecast: Product Price Hikes Trigger Over 6% Drop, May Continue to Correct

TradingKey - On Thursday, June 25 (Eastern Time), Apple (AAPL) shares closed down 6.12% at $275.15, after hitting an intraday low of $273.75. Looking at the session, Apple not only underperformed the Nasdaq today but also became one of the key heavyweights dragging down the performance of mega-cap tech stocks. The direct catalyst for the market sell-off was Apple's recent announcement of price hikes across multiple hardware products, triggering a reassessment by investors of its future demand, profit margins, and brand pricing power.

Samsung Electronics and SK Hynix Drop Over 9% Instead of Rising; Memory Giants to Attend Government Meeting Next Week, Samsung Unveils 1,000 Trillion Won Chip Plant Expansion

Despite plans to attend a national conference next week, stock prices for Samsung Electronics and SK Hynix failed to rise and instead plummeted by over 9%.

Japan and South Korea Stocks Open Lower and Plunge 3%, Memory Giants Samsung, SK Hynix, and Kioxia Collectively Tumble

Japanese and South Korean stock markets opened lower and extended losses, with the KOSPI and Nikkei 225 indices falling around 3%, while Kioxia, SK Hynix, and Samsung Electronics plunged collectively.

Featured Tools