Anonymous ID: 48cf4d May 2, 2024, 6:10 p.m. No.20811546   🗄️.is 🔗kun   >>1715 >>1957 >>2075

Market Hunts for Signs of Japan Yen Intervention in Fed Accounts

 

Fresh data on the Federal Reserve’s various accounts hints at two potential ways Japanese policy makers may have funded currency interventions this past week to bolster the beleaguered yen. 

One source may have been a Fed facility where central banks stash overnight cash to earn a market rate. The amount held in this pool — the Fed’s foreign reverse repurchase agreement facility — as of May 1 was down about $8 billion from a week earlier, to $360 billion, figures from the central bank show. It was the first drop since the week through April 10.Meanwhile, a separate cash account used by central banks tumbled about $17.8 billion.

 

The figures cover a week that included two instances where Japanese policymakers likely entered foreign-exchange markets to support the yen, which is the weakest Group-of-10 currency this year versus a broadly strengthening dollar.  The Ministry of Finance has refrained from confirming interventions, but a Bloomberg analysis ofBank of Japan accounts suggest they took place. Policymakers likely spent some ¥9 trillion this week, the analysis shows, or nearly $60 billion at current exchange rates, to bolster the currency — an amount on par with interventions that took place in 2022.

 

On Monday, a holiday in Japan, the yen fell to a fresh 34-year low of 160.17 per dollar before sharply rebounding(see cap #1 the first big drop and it looks like they did yesterday as well)in thin trading. On Wednesday following the conclusion of the Fed’s two-day policy meeting, the yen abruptly rallied more than 3% in the waning hours of the US trading day. Japan’s foreign currency reserves were worth about $1.15 trillion at the end of March, climbing by $4.6 billion from the previous month, according to the latest data from the country’s Ministry of Finance. About $155 billion was parked with the Bank for International Settlements and other foreign central banks, down slightly from $155.7 billion at the end of February. 

 

Before Japan intervened to defend the yen in October 2022, central banks had been boosting the amount of cash they parked at the foreign RRP to what was then a record $333 billion. Balances then declined by the most in five months later that month. However, Japanese officials didn’t tap that Fed facility in a previous round of currency intervention in 2022, and most of the cash has been untouched for a decade, Citigroup Inc. strategists wrote in a note last month. As a result, they expected some sales of front-end Treasury bills or coupons if an intervention occurred.

https://www.bnnbloomberg.ca/market-hunts-for-signs-of-japan-yen-intervention-in-fed-accounts-1.2068325

https://tradingeconomics.com/japan/currency

 

From Monday >>20799263 pb

Anonymous ID: 48cf4d May 2, 2024, 6:58 p.m. No.20811732   🗄️.is 🔗kun   >>1765

>>20811364

>>20811446

The REAL Federal Reserve

Washington a store front and mist don’t know this

All the programs and funding schemes come from NYFRB

 

Markets & Policy Implementation

https://www.newyorkfed.org/markets/

 

FRB is controlled by Black Sun and that announcement in 2020 was the confirmation that Rothy’s were out as the FRB “hired” Blackstone to manage its ETF purchase program and thus they took it over

Permanent Open Market Operations

https://www.newyorkfed.org/markets/pomo_landing.html

 

Domestic Market Operations

https://resources.newyorkfed.org/markets/domestic-market-operations

Anonymous ID: 48cf4d May 2, 2024, 7:51 p.m. No.20811940   🗄️.is 🔗kun   >>1946

SPAR24 C40C left Yokota AB,Japan heading SW-left JBA May 1st >>20804036 pb went to Elmendorf and arrived at Yokota yesterday

Still dunno who this is but eventually I will find it

 

JASDF JF001 777PM Kishidalanded at Brasília about an hour ago from Paris depart-JF002 777 is under JF001 as escort

 

Kishida and Macron at recently opened rebuilt Notre Dame Cathedral yesterday

 

Interview with Fumio Kishida, Prime Minister of Japan.

 

The President of the Republic met with the Prime Minister of Japan, Fumio Kishida, this Tuesday, May 2, 2024, at the Elysee Palace.

 

The President of the Republic warmly thanked the Prime Minister for Japan's support for Ukraine since the beginning of the war of aggression waged by Russia.

 

They agreed to strengthen strategic and defense cooperation between France and Japan by launching official negotiations with a view to concluding a reciprocal access agreement, which aims to promote interoperability between the French Armed Forces and the Japanese Self-defense Forces (JSDF).

 

The two leaders also decided to concretize the strengthening of economic security. A "Franco-Japanese Declaration of intent on cooperation in the field of critical metals" was thus adopted on the sidelines of the Prime Minister's visit. They also mentioned the structuring cooperation in the economic and industrial fields which are at the heart of the exceptional partnership between our two countries, in particular in the civil nuclear, space, aeronautics and innovation sectors. As such, Japan will be the country honored during the Vivatech Show which will be held in Paris from May 22 to 25.

https://www.elysee.fr/emmanuel-macron/2024/05/02/entretien-avec-fumio-kishida-premier-ministre-du-japon-1