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’But what does Mrs Watanabe think?
Apparently Sarkozy has phoned Hu Jintao on Thursday, to beg er, ask China to wire cash through the EFSF. Somehow.
Shouldn’t someone also be calling Mrs Watanabe?
Japanese investors are among the biggest private sources of demand for euro-denominated debt outside the eurozone.
It’s midnight in Tokyo
…and that must mean the yen is weakening. Interesting observation from Nomura’s foreign exchange analysts:
The secret behind the yen’s outperformance relative to US rates is likely to be found in Tokyo.
Will nothing deter Mrs Watanabe?
Mrs Watanabe — Japan’s famous retail currencies investor — laughs in the face of emerging market political instability. In fact, she laughs then invests some more.
From Yunosuke Ikeda at Nomura’s global FX team:
Yen intervention 101: why it won’t work
Those yen-intervention rumours are flying, fuelled by reports of discreet phone calls between the Japanese PM’s office and the Bank of Japan, not-so-discreet complaints from captains of Japanese industry and dire warnings from economists.
Tokyo FX traders keep calm and carry on
Japanese regulators are nannying their charges again. In this case it’s the thriving community of foreign exchange day traders, often dubbed the “Mrs Watanabes” of the country, who account for as much as 20-30 per cent of the volume of Tokyo’s entire spot currency market.
Yen frolics and Mrs Watanabe’s world: What’s she up to now?
We’ve left her alone for long enough and now we think it’s time to see what Mrs Watanabe (for those who still believe the yen carry trade is driven by this iconic and possibly mythical Japanese housewife investor) is up to.
That yen-carry trade and Mrs Watanabe’s ‘new gig’
There seem to be as many views about the future of the yen carry trade as there are references to the ubiquitous Mrs Watanabe, the supposedly archetypal Japanese retail investor who is on a relentless hunt for yield.
‘Mrs Watanabe’ leads the pack as carry traders dash for the exit
So what is Mrs Watanabe up to? Amid snowballing predictions of the death of the yen carry trade, the Japanese currency is surging as high-yield currencies such as the NZ and Australian dollars slide.The yen briefly hit Y115.71 to the dollar on Thursday in Asia,
The elusive ‘Mrs Watanabe’: she’s at it again, or is she…?
So the yen carry trade has roared back after a big wobble last week, when Japan’s currency strengthened to nearly Y117 against the dollar. On Wednesday, it fell against 13 of the 16 most-active currencies,