日元逼近160，日本或再干预，BOJ加息成关键

Japanese bonds falling on news that the government is supportive of a near term rate hike from the BOJ. Analysts are noting a negative feedback loop between JGBs and the yen as the currency hovers within striking distance of the $1.60 level against the dollar. Bloomberg's Anya Andrianova joins us now for more. Anya, good to see you. So talk to us a little bit about how we're supposed to interpret the moves in dollar yen because the we already saw an intervention, and yet we have seen some weakening in the yen.

So did it not stick? Did it not work? Yes. The context of intervention is ruling here. They intervened into the market, and it supported the yen, but now we're almost half of way back to where it was before the intervention. So it did work. It bought time. It's it's a Band Aid, but what they really need is to hike rates. And that's the promise that we saw this night, for us night, for them during the day. So if they do raise rate in September and maybe give a hawkish signal for for further rates, So then that would support the currency.

There is a delicate balance there that it would affect downward pressure on on, on their bonds. Mhmm. And, obviously, their yields will rise. And as there is a saying, when, Japanese government bonds sneeze, the rest of the bond market catches a cold. So if their yields go up, then the rest of the world also goes up. So then they need to rise rates, but maybe not too much, not to hurt their bond market. So they have to choose yen or their bond market.

Mhmm. Okay. So what about The US interest? Because as you've been reporting, The US also was part of that intervention, and that's quite rare. What were the motivations behind it, and what does it mean for if The US yields are gonna catch a cold? It's quite rare when one sovereign nation is helping another one. So at this time, US is worrying about US and treasury yields. So them intervening, they prevented Japan to selling more of US treasuries.

It would be horrible if the biggest treasury holder in Japan would start selling that would bring yields up here. So Scott Bessent is worried about US yields. Mhmm. That's why he's offering other facilities and talking, giving this verbal intervention that we'll do more, we'll do whatever it takes to help Japan. And, the talk helps for some time. Intervention help for some time. The next step, it's in in the hands of the Bank of Japan.

Alright.