Skip to content
Monday, May 12, 2025
Heisenberg Report

Heisenberg Report

Sign In Subscribe
  • Home
  • Markets
  • Economy
  • Politics
  • Duly Noted+
  • Weekly+ (NEW)
  • Monthly Letters+
  • Shop

Category: yen

Bank Of Japan Takes Gloves Off. Says ‘No Limit’ On Bond Buying

April 27, 2020April 27, 2020

“Necessary amounts.”

Read More

4 Comments on Bank Of Japan Takes Gloves Off. Says ‘No Limit’ On Bond Buying

Promises, Promises

March 10, 2020March 11, 2020

Still nebulous.

Read More

9 Comments on Promises, Promises

S&P Futures Limit-Up In ‘Classic Bear Market Rally’ As Stimulus Hopes Abound

March 10, 2020March 10, 2020

“In our view this is a classic bear market rally”.

Read More

Leave a Comment on S&P Futures Limit-Up In ‘Classic Bear Market Rally’ As Stimulus Hopes Abound

‘Excessive And One-Sided’: Crisis Rolls On With FX Flash Crashes, Plunging Yields, Bloodbath In Japan

March 8, 2020March 8, 2020

Everyone knew Monday morning would be remarkable. The market didn’t disappoint.

Read More

3 Comments on ‘Excessive And One-Sided’: Crisis Rolls On With FX Flash Crashes, Plunging Yields, Bloodbath In Japan

Analysts Warn Of ‘VaR Implosion’, ‘Full-Blown Crisis’ As New Week Dawns With S&P Futures Limit-Down

March 8, 2020March 8, 2020

Fragile. Handle with care.

Read More

oil6 Comments on Analysts Warn Of ‘VaR Implosion’, ‘Full-Blown Crisis’ As New Week Dawns With S&P Futures Limit-Down

Getting Involved.

February 28, 2020February 29, 2020

In the space of just seven trading days, US equities went from bubble to bust. 

Read More

oil3 Comments on Getting Involved.

Yen-Sanity. Dollar Delirium.

February 20, 2020February 20, 2020

It’s dizzying, to say the least.

Read More

2 Comments on Yen-Sanity. Dollar Delirium.

Hell Or High Water.

February 19, 2020February 20, 2020

“…frustration gave way to incredulity and, eventually, incredulity surrendered to a kind of fatalism”.

Read More

Leave a Comment on Hell Or High Water.

Japan Just Served Up One Of The Worst Quarterly Economic Contractions In History

February 16, 2020February 16, 2020

And this was before the virus.

Read More

4 Comments on Japan Just Served Up One Of The Worst Quarterly Economic Contractions In History

Incredible Global Rally Continues, As Tariff Non-News Resonates In Risk-On Environment

February 6, 2020February 6, 2020

Go higher and never stop.

Read More

Leave a Comment on Incredible Global Rally Continues, As Tariff Non-News Resonates In Risk-On Environment

Treasury Yields Erase Entire ‘Phase One’ Trade Deal Bounce Amid Virus Scare

January 26, 2020January 26, 2020

It was risk-off out of the gate Monday.

Read More

7 Comments on Treasury Yields Erase Entire ‘Phase One’ Trade Deal Bounce Amid Virus Scare

Stocks, Crude Have Seen Enough ‘Deadly Respiratory Illness’ Headlines For One Week

January 24, 2020January 24, 2020

Let’s just get to the weekend before anything really bad happens.

Read More

oil1 Comment on Stocks, Crude Have Seen Enough ‘Deadly Respiratory Illness’ Headlines For One Week

Investors Who RSVP’d For World War III Now Ditching Gold, Yen

January 14, 2020

Who needs insurance when the shooting war is called off and the trade war is on hold?

Read More

4 Comments on Investors Who RSVP’d For World War III Now Ditching Gold, Yen

Big Week Starts With Key Assets Looking To Retrace 2019’s Trade War Moves

January 13, 2020January 13, 2020

As Trump would say: “We’ll see what happens”.

Read More

3 Comments on Big Week Starts With Key Assets Looking To Retrace 2019’s Trade War Moves

As Stocks Power To Nosebleed Levels, Even Jeremy Siegel Is Worried

January 9, 2020January 10, 2020

Spoiler alert: It’s been a “momentum-driven market” for a long, long time, Jeremy.

Read More

2 Comments on As Stocks Power To Nosebleed Levels, Even Jeremy Siegel Is Worried

Markets Whipsawed As Ghost Of Qassem Soleimani ‘Goes Bump In The Night’

January 8, 2020January 8, 2020

“Be careful about bullishness at the close of the US trading”.

Read More

2 Comments on Markets Whipsawed As Ghost Of Qassem Soleimani ‘Goes Bump In The Night’

Japan To Roll Out Stimulus Package Totaling 26 Trillion Yen

December 4, 2019December 4, 2019

It may fall flat. We’ll see.

Read More

Leave a Comment on Japan To Roll Out Stimulus Package Totaling 26 Trillion Yen

‘The Fed And ECB Are Amateurs’: Albert Edwards Says More ‘Monetary Madness’ From Japan To Intensify Global Currency War

September 26, 2019September 26, 2019

“A whole new level of monetary debauchery”.

Read More

Leave a Comment on ‘The Fed And ECB Are Amateurs’: Albert Edwards Says More ‘Monetary Madness’ From Japan To Intensify Global Currency War

As Gloves Come Off In Trade War, Markets Worry All The Adults Have Left The Room

August 25, 2019August 26, 2019

What’s not to like?

Read More

1 Comment on As Gloves Come Off In Trade War, Markets Worry All The Adults Have Left The Room

Flash Crash Hits Turkish Lira As Yen Surge Bedevils Markets Yet Again

August 25, 2019August 25, 2019

Mrs. Watanabe.

Read More

Leave a Comment on Flash Crash Hits Turkish Lira As Yen Surge Bedevils Markets Yet Again

Offshore Yuan Dives To Record, Dollar-Yen Breaches Flash Crash Lows Amid Trade Woes

August 25, 2019August 25, 2019

It starts in FX land.

Read More

5 Comments on Offshore Yuan Dives To Record, Dollar-Yen Breaches Flash Crash Lows Amid Trade Woes

Spare A Thought For The Bank Of Japan On Friday

August 23, 2019August 23, 2019

Haruhiko Kuroda has a yen problem and it just got materially worse.

Read More

7 Comments on Spare A Thought For The Bank Of Japan On Friday

All Eyes Turn To Jackson Hole As Powell, Central Banks Take Center Stage In Pivotal Week

August 18, 2019August 19, 2019

Pigeonholed.

Read More

3 Comments on All Eyes Turn To Jackson Hole As Powell, Central Banks Take Center Stage In Pivotal Week

Kuroda’s Yen Problem Isn’t Going Away No Matter What The Fed Does, Goldman Says

August 17, 2019August 17, 2019

Japan’s is not an enviable position.

Read More

2 Comments on Kuroda’s Yen Problem Isn’t Going Away No Matter What The Fed Does, Goldman Says

Meanwhile, In Japan: Yield Curve Control Fails, Top US Creditor Status Regained

August 16, 2019August 16, 2019

“The BOJ will have to give up something”.

Read More

Leave a Comment on Meanwhile, In Japan: Yield Curve Control Fails, Top US Creditor Status Regained

As 10-Year US Yield Dives Below 1.50%, One Measure Shows Investors Most Worried In 30 Years

August 15, 2019August 15, 2019

Don’t panic.

Read More

1 Comment on As 10-Year US Yield Dives Below 1.50%, One Measure Shows Investors Most Worried In 30 Years

Trump Decries ‘Major Violation’ As ‘Excessive’, ‘Abnormal’ FX Moves Presage All-Out Currency War

August 5, 2019August 5, 2019

“With a sense of urgency”…

Read More

5 Comments on Trump Decries ‘Major Violation’ As ‘Excessive’, ‘Abnormal’ FX Moves Presage All-Out Currency War

Posts pagination

1 2 … 13 Next

Monthly Letter+

  • Dope

Weekly+

  • An Uninformed Decision

Recent Comments

  • John L on ‘Great Progress’
  • Edward Smith on Old News
  • John L on ‘Great Progress’
  • hookandgo on ‘Great Progress’

Monthly Letters

Dope

May 3, 2025May 9, 2025

The Great Depression

March 31, 2025March 31, 2025

The Devil’s Greatest Trick

March 1, 2025March 12, 2025

Questions, tips or inquiries of any kind: [email protected]

Privacy Policy & Cookies

About Us

Subscription FAQs

All Rights Reserved 2025.
 

Loading Comments...
 

You must be logged in to post a comment.