Banking & Finance

[LONDON] The Japanese yen climbed to a near seven-month high on Tuesday (Sep 8), as growing expectations of a Bank of Japan (BOJ) rate hike next week sent bearish traders scurrying for cover, putting pressure on the dollar ahead of US inflation data this week.

Bank of Singapore’s Jean Chia notes the Republic’s market holds for its defensive qualities, dividend yields

Consensus view points to a conventional 25 bps increase to 1.25% next week; central bank has to convince markets it is not behind the curve on inflation

Standard cross-border settlement can take up to 2 business days due to time zones, weekend closures

Tokyo remains vigilant even as the yen staged a sharp rally recently

The Temasek-backed asset manager will primarily target existing investors for APC III

Banks report younger customers are investing sooner, with more progressing into affluent wealth tiers

[SINGAPORE/LONDON] The yen surged to a seven-month high on Monday (Sep 7), as traders appeared to reassess their outlook on the embattled currency, thanks to a combination of factors including bets on faster Bank of Japan tightening and expectations that Japanese investors may shift funds home.

The surplus hits 11.6 trillion rupees on Sep 6, amounting to nearly 4% of the banking system deposits