YEN S FALL
US yields boost dollar and leave yen dazed at 38-year low
The dollar was supported by rising U.S. yields on Tuesday, with the pressure being felt by low-yielding currencies such as China's yuan and Japan's yen, which was pinned to its lowest since 1986.
US yields lift dollar and leave yen languishing
Market anticipation grows for potential Australian interest rate hikes, with ING economist Rob Carnell leaning towards forecasting a hike at the August meeting.
Euro rises after France's first-round vote, yen struggles
Recent events in France and Japan, along with global economic indicators, influence currency movements and central bank policies worldwide, reflecting uncertainties in the financial landscape.
US dollar weakens vs yen as inflation moderates
The U.S. dollar fell against the yen on Friday after data showed inflation in the world's largest economy cooled down last month, cementing expectations that the Federal Reserve will start cutting interest rates this year.
Dollar barges past 161 yen and eyes quarterly rise
Amid currency fluctuations and economic indicators, market dynamics are influenced by the U.S. personal consumption expenditures price index and the Federal Reserve's preferred inflation measure, shaping expectations and trading behaviors.
Asia stocks down, yen slump keeps markets on intervention alert
Asian shares fell on inflation worries, pushing bond yields higher. The yen's decline raised intervention fears. The dollar surged against major currencies. Markets reacted to unexpected inflation hikes. Uncertainties in commodity markets added to the jittery mood.
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Asia stocks down, yen slump keeps markets on intervention alert
Inflation concerns impact markets worldwide, driving bond yields up and Asian shares down. Currency markets watch as the yen weakens, prompting fears of intervention. Unexpected jumps in inflation in Australia and Canada add to market nerves before the Federal Reserve's upcoming data release.
What would Japanese intervention to boost a weak yen look like?
Amid market uncertainties and political pressures, Prime Minister Fumio Kishida considers intervening to stabilize the yen ahead of the ruling party leadership race. The effectiveness of intervention in addressing public concerns over the weak yen and rising living costs remains uncertain.
Asian shares subdued, yen hits record low versus euro
Asian shares subdued, yen at record low. Nasdaq tumbled, Dow Jones rallied. Chinese stocks slightly higher. U.S. PCE price index awaited. Investors cautious ahead of U.S. price data, U.S. presidential debate, French election.
Dollar flirts with key 160 yen level as intervention risk looms
The yen near 160 per dollar kept traders alert for Japanese authorities' intervention. Bitcoin suffered losses due to outflows from exchange-traded funds (ETFs). The dollar edged higher at 159.64 yen, close to the level prompting a massive intervention by Tokyo in April-May.
China's yuan steady near 7-month lows as traders eye yen and data
China's yuan weakens against the dollar as foreign investors avoid the stock market. Analysts suspect currency manipulation by Beijing to maintain stability and competitiveness.
Dollar extends gains against yen with US economic strength in focus
The dollar strengthened against the yen, euro, and sterling amidst U.S. economic concerns and central bank actions. Bitcoin price rose to $65,105 amidst market fluctuations.
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.
Yen falls after BOJ decision; euro stutters towards weekly loss
The yen fell after the Bank of Japan kept rates unchanged and announced plans to reduce bond buying. Meanwhile, the euro faced political turmoil and a weekly loss.
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.
Political, market volatility spice markets up
Investor sentiment is fragile in Asian markets amid concerns over U.S. and global economic growth. Indian assets have been volatile due to the country's general election result.
Tokyo stocks open lower
Tokyo stocks opened lower on Tuesday as a slightly higher yen and falls in the US Dow index weighed on the market. The benchmark Nikkei 225 index was down 0.45 percent, or 175.29 points, at 38,747.74 in early trade, while the broader Topix index was down 0.33 percent, or 9.33 points, at 2,788.74. kh/kaf/smw
China is ‘bizarrely unwilling’ to boost demand, Paul Krugman says
Nobel laureate Paul Krugman criticised China's reliance on production over consumer demand, warning of global consequences. Chinese economist Li Daokui called for increased central government debt to drive growth. Krugman questions Japan's panic over a weak yen, while emphasizing the need for rate cuts.
Dollar regroups before inflation test; yen brushes off Tokyo CPI
Market expectations of rate cuts increased to 55% for September. Traders awaited the release of the PCE price index for insights on interest rate cuts. Dollar weakened due to softer inflation data.
Dollar firm ahead of global inflation data
Investors are focusing on U.S., European, and Japanese inflation data to guide the global interest rate outlook for the week, impacting foreign exchange trade dominated by the hunt for 'carry' and supporting the dollar.
Dollar steady as traders await clues on US rate path
Data last week showed U.S. consumer prices for April eased, leading to markets pricing in 50 basis points (bps), or at least two rate cuts this year, but various Fed officials have sounded words of caution about when rates may fall.
Japan suffers worse-than-expected contraction of 0.5%
Gross domestic product in the world's fourth-biggest economy was expected to have shrunk by only 0.3 percent from the previous quarter, according to economist forecasts. Exports shrank 5.0 percent, after growing 2.8 percent the previous quarter, while imports fell 3.4 percent, data from the cabinet office showed. Compared with the first quarter of 2023, GDP fell 2.0 percent compared with a forecasted drop of 1.2 percent, according to Bloomberg News.
Dollar droops ahead of crucial CPI test; yen under pressure
The yen languished near a two-week low, as a still-gaping yield gap between local bonds and U.S. peers continued to encourage selling of the Japanese currency.
Asian shares subdued as China trade eyed, yen steadies after recent falls
Later in the day, the Bank of England (BoE) will decide its interest rate policy, with all eyes on the prospects of a June rate cut following the overnight move by Sweden's Riksbank to cut rates, which underlined Europe's divergence from the U.S. Federal Reserve.
Japan's yen hits 34-year low after BOJ holds interest rates
The yen fell by about 0.2% and weakened to 156.1 per dollar in the minutes after the announcement. The yen also nudged down to its weakest almost 16 years at 167.38 per euro and its weakest in nearly a decade on the Australian dollar.
Why is the Japanese yen so weak?
The yen has fallen despite Japan's first interest rate hike since 2007 and optimism about the economy. It traded at 153.24 per dollar on April 10, its weakest since 1990 and in real terms it is at its weakest since at least the 1970s.
Weak yen may actually deter Bank of Japan from hiking rates soon
The BOJ is seen raising this year's price forecast at the next meeting on April 26 and project inflation to stay near its 2% target through 2026, said two of the sources, underscoring its readiness to jack up rates from zero later this year.
Asian shares fall on global rate scare, yen plumbs 34-year low
U.S. stock futures lost another 0.2% after Wall Street slid around 1% overnight, while regional bonds took a kicking following a 20-basis-point jump in Treasury yields overnight to their highest since November.
Dollar hits two-week low while battered yen stabilises
Federal Reserve officials, including U.S. central bank chief Jerome Powell, on Wednesday continued to focus on the need for more debate and data before interest rates are cut, a move financial markets expect to occur in June.
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