USDJPY

October 02

Interested in next Fed Chairman Chairman’s affairs

Kevin Warsh, who was named as the next chairman of the Federal Reserve Board (FB) on 29th, was a visiting researcher at Hoover Institute of Stanford University and served as the Fed Board member under Bernanke’s former Chairperson have a career. From the results that opposed the quantitative easing (QE) policy, the policy stance is considered “hawks”. Therefore, when reporting that President Trump met with Mr. Warsh, US Treasury bonds were sold (long-term interest rates rose) and the dollar was bought. In addition, it is expected that the dollar / yen will be looking for an upper price, as North Korea did not take a problem action at the weekend and the ruling party favorable situation was transmitted in a public opinion poll on the Japanese general election. It is likely that the update of the high price 113.253 yen dated last week 27 days will be the focus.