At the close of Q2 2026, the yen hits a 40-year low against the dollar. The Nikkei and Kospi post a strong quarter in nominal terms—a paradox masking structural monetary fragility. Both the BoJ and FOMC meet on July 30-31: the dual catalyst approaches.
Jun 30, 2026 at 09:35 9 12
The Kishida government includes the coded phrase "appropriate monetary policy" in its draft annual economic plan—a clear signal of non-opposition to a BoJ rate hike in July, as USD/JPY trades in the 155-157 range and JPY carry trade tensions rise. [ENCADRE titre="Key Context"] [ENCADRE contenu="This language marks a shift from previous statements, aligning with market expectations of a potential Bank of Japan (BoJ) policy adjustment amid persistent yen weakness and inflationary pressures."]
Jun 29, 2026 at 17:16 9 11
The Japanese government included in its annual plan on June 29 the notion of an "appropriate monetary policy" – a deliberately ambiguous signal that sets the stage for a possible BoJ rate hike in July, without stating it explicitly. The JPY carry trade is entering a risk zone.
Jun 29, 2026 at 09:02 10 10
Tokyo inflation accelerates, BoJ committee members speak openly. The probability of a hike in October 2026 rises sharply. USD/JPY in the 155-157 range: carry trades are on the edge.
Jun 26, 2026 at 08:37 13 13
The June Summary of Opinions from the BOJ (06/24) reveals a majority consensus to continue rate hikes. Yen still under pressure, dollar at a 13-month high. USD/JPY in critical 155-160 zone: MoF intervention is no longer an extreme scenario. [ENCADRE titre="Key Takeaways" contenu=" - BOJ signals further tightening - Yen weakens as USD strengthens - Risk of FX intervention rises "]
Jun 25, 2026 at 09:45 10 9
The Bank of Japan reveals a pro-hike consensus in its June Summary of Opinions. Meanwhile, the dollar reaches a 13-month high against Asian currencies. The JPY carry trade mechanism enters its phase of maximum tension.
Jun 25, 2026 at 03:01 10 8
The summary of the Bank of Japan's June 2026 opinions confirms a growing consensus to continue normalization. Over $1 trillion in JPY carry trade positions are in the crosshairs if the BOJ accelerates.
Jun 24, 2026 at 18:35 12 9
With drops exceeding 20% in June 2026, BTC and ETH posted their worst month since late 2022—and the derivatives structure signals that the market has yet to capitulate.
Jun 25, 2026 at 22:35 12 12
Banco Santander announces a new phase in its AI deployment for trade services: automation of international trade financing, predictive risk scoring for buyers/sellers, and reduction of documentary friction. AI banking moves from labs to the P&L.
Jun 24, 2026 at 10:00 11 8
Beijing isn't just exporting electric cars and solar panels—it's exporting its disinflation. And Europe is absorbing the effects more than it admits.
Jul 2, 2026 at 16:36 9 13
China's supply-driven growth strategy has resulted in a negative PPI for 23 consecutive months and a record trade surplus of $990 billion. Heinrich Vogel analyzes the mechanisms and implications for global sector allocations.
Jun 24, 2026 at 18:03 12 8
