Japan is said to have requested US Fed/NY Fed JPY rate check back in January

Japan's request for a JPY rate check from the US Fed indicates an underlying concern about currency stability and potential intervention dynamics.

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Newsquawk Daily European Opening News - 12th February 2026

Softbank (9984 JT) Q3 (JPY): Net Income 248.59bln (exp. 857.01bln), Net Sales 1.98tln (exp. 1.96tln)

Japan is said to have requested US Fed/NY Fed JPY rate check back in January

Japanese Finance Minister Katayama discussed with PM Takaichi about how to proceed with tax credits for benefits and sales tax cut on food, while she did not discuss forex with the PM, according to Jiji

HD Hyundai (267250 KS) Q4 (KRW) net rose 83.4% Y/Y to 1.42tln

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Context

This move may reflect heightened vigilance towards JPY performance amid global economic pressures, potentially influencing market sentiment regarding Fed policy and cross-currency flows. Traders should watch for implications on USD/JPY and emerging risk sentiment amid changing monetary policies.

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