Today, I will explain the following website. (AI-generated)
円は155円前半に下落、高市首相の円安発言やFRB議長指名－債券下落へ（Bloomberg） – Yahoo!ニュース
Contents
Understanding the Recent Yen Decline
In the Tokyo foreign exchange market, the Japanese yen experienced a significant drop to the mid-155 range against the US dollar. This decline was influenced by remarks from Prime Minister Sanae Takai regarding the yen’s depreciation, as well as the nomination of former Federal Reserve (Fed) Governor Kevin Warsh as the next Fed Chair by President Trump, which intensified the selling of yen and buying of dollars. It is important for investors to note that while the yen has weakened across the board against major currencies, the Ministry of Finance reported no foreign exchange intervention in the market from December 29, 2025, to January 28, 2026, despite sharp rises in the yen’s value in late January.
Impact of Prime Minister Takai’s Statements on Yen Value
Prime Minister Takai’s comments on the yen’s depreciation and its positive effects on export industries and the management of foreign exchange funds were significant. However, despite the initial perception that Takai’s administration may be tolerant of a weaker yen, it appears that the emphasis was not on the benefits of a weaker yen but rather on the need for investment to strengthen supply capabilities.
How the Nomination of a New Fed Chair Influences Currency Markets
The nomination of Kevin Warsh as the next Fed Chair has market implications, as his views and policies can potentially shift the dynamics of currency trading. Such high-level appointments can lead to speculation and strategic moves by forex traders, as the Fed’s decisions directly impact the US dollar’s strength.
Yen’s Position Against Major Currencies and Future Projections
The yen’s decline has been notable against a basket of major currencies, with approximately half of the gains made since January 23, when rate check speculation emerged, being erased. This trend is an important consideration for forex traders looking to position themselves in the market.
Strategies for Forex Traders in Light of Yen’s Performance
Interpreting Market Signals and Positioning for Yen Trades
Forex traders must carefully interpret market signals and consider the possibility of intervention by the Japanese government and the Bank of Japan, which can impact the yen’s trajectory. While actual intervention has not been reported recently, the threat of it can create resistance levels for the yen’s value.
Assessing the Role of Government and Central Bank Interventions
Understanding the role of government and central bank interventions is crucial for forex traders. While the recent lack of ‘real bullet’ interventions has allowed the yen to depreciate, traders should remain vigilant for any signs of market manipulation that could affect their positions.
Implications for Bond Markets and Investors
Anticipated Movements in Bond Prices Following Currency Fluctuations
As currency values fluctuate, bond markets are often impacted. The yen’s depreciation is expected to lead to a decline in bond prices. Investors should monitor these trends closely to adjust their strategies accordingly.
Expert Analysis on Bond Yield Forecasts and Trading Strategies
Senior bond strategists, such as Keisuke Tsuruta from Mitsubishi UFJ Morgan Stanley Securities, have highlighted concerns over bond auctions and the potential for increased selling pressure. Traders should consider expert forecasts on bond yields and futures when planning their trading strategies in the face of currency market shifts.
