JAPAN CURRENCY
Yen bounces, traders wary of more Japan intervention
The yen jumped against the dollar on Friday, with traders on high alert for signs of fresh intervention by authorities, after a surge in the Japanese currency on Thursday that was likely the result of official buying.
Japan's Nikkei drops from record high on chip selloff, yen intervention nerves
The Nikkei share average dropped 2% on Friday, influenced by a tech stock selloff mirroring Wall Street. Profit-taking before Japan's long weekend due to currency intervention concerns. Tokyo Electron and Disco saw significant declines. Topix also down 0.93%. Market affected by bond yield decrease and SoftBank's chipmaker acquisition.
Dollar drops, yen surges as consumer prices fall in June
June's U.S. CPI drop led the dollar to fall, sparking yen intervention speculation. Japan's Ministry of Finance to confirm. Masato Kanda discussed yen fundamentals. Fed may cut rates in September. Euro, pound rose; British GDP exceeded expectations. Analysts from Bank of America and Standard Chartered noted inflation impacts. Long dollar/yen trades corrected. Bitcoin rose to $57,821.
Japan faces shortage of almost a million foreign workers in 2040, think tank says
At the current pace, 5.91 million foreign people will be working in Japan in 2040, almost one million short of the foreign workforce needed to sustain the targeted average annual growth rate of 1.24%, the Japan International Cooperation Agency (JICA)'s research arm said.
Dollar on the defensive after soft data, little relief for yen
Currency markets react to global economic trends, with sterling potentially shifting leadership from Rishi Sunak to Keir Starmer in the UK.
Japan stock ownership by foreigners rises to record 31.8%
Foreign ownership in Japanese stocks reached a record 31.8%, driven by Tokyo Stock Exchange and government initiatives to enhance corporate governance, making the market more attractive with its relatively low valuations.
- Go To Page 1
Dollar hits 38-year high vs yen; stocks mixed
The dollar index, which measures the greenback against a basket of currencies including the yen and the euro, gained 0.31% at 106.00, with the euro down 0.25% at $1.0686.
Japan's Nikkei closes at highest since mid-April as value shares rally
Japan's Nikkei share average rose on Tuesday to its highest close in more than two months, as investors shifted focus to value stocks from semiconductor and other high-tech, while a weaker yen also lent support to export-related shares.
Dollar steady ahead of inflation reading; yen teeters toward 160
The dollar steadied on Monday as traders awaited clues on U.S. inflation influencing interest rates, while Japanese authorities' actions had little impact on the yen's decline to 159.94 per dollar, its lowest since April 29.
Japan issues fresh warning against yen bears as currency slides
Japanese authorities, led by Masato Kanda, are prepared to address speculative and volatile movements in the currency market to protect the economy without altering market trends.
Dollar slips on cooler US inflation; yen fragile ahead of BOJ
Asian currencies were strong against a weaker dollar due to U.S. inflation concerns. The yen faced pressure ahead of the Bank of Japan meeting and as Fed policymakers hinted at maintaining high rates.
US dollar gains after stronger-than-expected services sector data
The Institute for Supply Management said its nonmanufacturing purchasing managers index rose to 53.8 last month from 49.4 in April. May's reading, the highest since August, overshot estimates of all 59 economists in a Reuters poll that had pegged the median expectation at 50.8.
Dollar wallows at multi-month lows as Fed cut bets grow
The dollar faced pressure as consumer price pressures stabilized, but upcoming U.S. payroll figures are being closely monitored by analysts like James Kniveton for economic strain.
Asia stocks gain, dollar drifts as inflation tests await
Asian stocks rose for the fourth month, while the dollar drifted lower. Investors await inflation readings from Europe and the U.S. for interest rate guidance.
Yen's relentless slide revives Japan's interest in structural reforms
Japanese policymakers are focusing on structural economic factors driving persistent yen declines, as market intervention has limited impact on the currency's broader slide.
Dollar ascendant as surging US yields spur demand for safe havens
The dollar surged to a two-week high against major peers on Thursday due to a rout in Treasuries, boosting its appeal with higher U.S. yields and demand for safe haven assets.
Dollar ebbs as markets await key global inflation reports
The dollar weakened on Tuesday awaiting key inflation data for global interest rate guidance. Euro held steady despite dovish ECB comments. GBP and NZD gained, with focus on US PCE price index report on Friday.
Dollar drifts as traders eye US inflation data; frail yen in focus
The currency market has been sedate this week, with investors seeking to gauge what the path the Federal Reserve will take this year in the wake of recent softer-than-expected U.S. labour market data and comments from central bankers.
Dollar holds its ground as key inflation data looms
The dollar held tight ranges against most peers on Thursday as traders awaited key U.S. inflation data for cues on Federal Reserve policy, while the focus on the massive interest rate gap between Japan and the U.S. helped it make some gains on the yen.
Dollar regains momentum as yen struggles
The yen was last little changed at 154.75 per dollar, edging away from its peak of 151.86 hit last week on the back of suspected intervention from Japanese authorities to prop up the sliding currency.
Yen eases despite intervention threat, Aussie steady before RBA
The Australian dollar hovered close to a two-month high versus its U.S. counterpart with the Reserve Bank of Australia widely expected to keep rates steady later in the day, and traders on watch for a more hawkish stance from Governor Michele Bullock.
For Japan Inc, the weak yen may be too much of a good thing
The currency fell to a 34-year low on Monday and has lost about a quarter of its value against the surging U.S. dollar in a little more than two years.
Yen’s wild swings are just a taste of what’s to come
The plunge to 160 per dollar immediately filled news reports and social media across Japan. “We can’t let our guard down,” Iguchi called repeatedly as trading ensued. Other so-called red-line levels — 155 and 158 — had fallen with no pushback. Some were starting to ask if the authorities would ever act.
Japan's yen hits new 34-year low; US dollar rises after inflation data
The dollar soared to a fresh 34-year high against the yen on Friday, bolstered in part by U.S. inflation data that showed no signs of easing, coming in line with expectations and affirming expectations the Federal Reserve will likely delay cutting interest rates to later this year.
Currencies calm but cautious after a weary week
Eyes are on the yen this week, with the Bank of Japan's (BOJ) Friday policy review the notable item on the economic calendar.
Japan’s recent rate hike, first in 17 years, is a subtle step towards self-reliance
A rising India is the world's instrumentality to keep China's rise peaceful. India can gain from Japan's new yen for self-assertion, of which release from a negative interest rate regime is but the first, if subtle, step.
Yen traders wary of intervention as Japan warns against drop
Following weeks of flirting with the closely watched 152 level versus the greenback, the yen blew straight through this mark on Wednesday and all the way to 153 as US inflation data reverberated through global markets.
Japan warns of action against excessive yen volatility
Suzuki stopped short of threatening to take "decisive action" against excessive moves, language the minister used last week when the yen slumped to a 34-year low, suggesting officials are keeping their powder dry as they watch how currency moves play out.
Japan's finmin says 'speculative' moves in currency market impacting yen
"We will watch currency market developments with a strong sense of urgency, and will respond appropriately against excessive moves without ruling out any options," Suzuki told parliament.
Load More
