Category: yen
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Japanese Gaming Powerhouse Gumi Snaps Up 1 Billion Yen In BTC
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Two large entities for companies pour large money in cryptocurrencies, and companies rise to Bitcoin It does not seem to slow down. Thanks to the bitcoin of 1 billion yen ($ 6.7 million), a Japanese game producer ten It is the creation of waves. Meanwhile, the Kulr Technology Group also…
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‘Yen is Backed By Hostages’
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A famous Japanese cryptocurrency entrepreneur responded to his Japanese colleagues who see Bitcoin as a currency “not backed by anything of value.” Crypto entrepreneur Koji Higashi argued that those people who still have a pessimistic view of Bitcoin fail to realize that the Japanese yen is “backed by hostages.” Controversial…
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Yen Falls, Japan’s Stocks Rise as Traders Weigh Election Impact
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(Bloomberg) — The yen extended losses to 1% while Japanese stocks rose Monday as investors pondered the ramifications of the Liberal Democratic Party and its ruling coalition partner losing their majority. Most read from Bloomberg The currency’s decline to 153.88 against the dollar came after four consecutive weekly declines. This…
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Yen Drops as Japan Election Unnerves Investors: Markets Wrap
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Breadcrumb links BMN Business The yen fell to its lowest level in almost three months after Japan’s ruling coalition failed to win a majority in parliament in elections over the weekend. The price of crude oil fell after Israeli strikes on Iran’s oil facilities were avoided. Article writer: Bloomberg News…
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Dollar hits 10-week high vs yen as Fed easing bets ebb ahead of CPI By Reuters
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Written by Kevin Buckland TOKYO (Reuters) – The U.S. dollar rose to a 10-week high against the yen on Thursday as markets grew more confident about the Federal Reserve’s patient approach to further monetary easing, even as a key inflation report was due later. today. The index, which measures the…
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Japan’s top FX diplomat warns against speculative moves as yen falls By Reuters
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Written by Makiko Yamazaki and Takaya Yamaguchi TOKYO (Reuters) – Japan’s top currency diplomat on Monday issued a warning against speculative moves in the foreign exchange market as the yen fell below 149 yen to the dollar. “We will monitor currency market movements, including speculative trading, with a sense of…
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Japan top FX diplomat says yen shorts that had been built up until July have been unwound
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High risk warning: Foreign exchange trading involves a high level of risk that may not be suitable for all investors. Leverage creates more risk and exposure to loss. Before deciding to trade foreign exchange, carefully consider your investment objectives, level of experience and risk tolerance. You may lose some or…
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Dollar weakens after inflation data, Yen surges on Ishiba win By Reuters
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Written by Chuck Mikolajczak NEW YORK (Reuters) – The dollar fell on Friday after a U.S. inflation reading indicated continued easing of price pressures, while the yen rose against the greenback after Shigeru Ishiba, seen as an interest rate hawk, became Japan’s prime minister. Next. . The U.S. personal consumption…
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Japan’s new ‘top currency diplomat’ Atsushi Mimura said “always watching” yen carry trade
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Atsushi Mimura is Japan’s Vice Minister of Finance for International Affairs, also known as the “top currency diplomat.” The Japanese Ministry of Finance is the authority in Japan to order intervention in the yen. Mimura took over the relevant department from Kanda, so he would be the one to direct…
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Dollar strengthens versus yen as BOJ strikes cautious stance on rate hikes By Reuters
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By Chibuike Ojoh and Linda Pasquini NEW YORK/LONDON (Reuters) – The dollar rose against the yen on Friday to a two-week high after the Bank of Japan left interest rates unchanged and signaled it was in no rush to raise them again. Bank of Japan Governor Kazuo Ueda said at…
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Japan top FX diplomat says watching for any build-up of yen carry trades, NHK reports By Reuters
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TOKYO (Reuters) – Japan’s top currency diplomat Atsushi Mimura said in an interview broadcast on Friday that authorities are “always monitoring markets” while renewed yen trading could increase market volatility, public broadcaster NHK reported. Mimura said that yen trades built up in the past are likely to be mostly liquidated,…
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Japan top FX diplomat says watching for any build-up of yen carry trades, NHK reports By Reuters
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TOKYO (Reuters) – Japan’s top currency diplomat Atsushi Mimura said in an interview broadcast on Friday that authorities are “always monitoring markets” while renewed yen trading could increase market volatility, public broadcaster NHK reported. Mimura said that yen trades built up in the past are likely to be mostly liquidated,…
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Asia FX rises as rate cut dents dollar; yen firms as BOJ holds course By Investing.com
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Most Asian currencies rose on Friday, while the dollar suffered losses after the Federal Reserve cut interest rates by a wide margin and began an easing cycle. The Japanese yen was among the best performing currencies, rising after the Bank of Japan kept interest rates on hold and said it…
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Stocks Extend Rally, Yen Gains as BOJ Holds Rate: Markets Wrap
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(Bloomberg) — Asian shares extended a rally in global equity markets after jobs data supported the view that the U.S. economy is headed for a soft landing. The yen rose after the Bank of Japan left interest rates unchanged. Most Read from Bloomberg MSCI Asia Pacific Index rose as shares…
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Stay long on the yen amid rate hikes, improving growth- BCA By Investing.com
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Bets on a stronger yen have become more entrenched amid attractive valuations of domestic assets, the prospect of further interest rate hikes and an improving Japanese economy, BCA Research said. The yen has staged a stunning recovery over the past two months, as hawkish Bank of Japan policy, a weaker…
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Asia FX muted as dollar rises past bumper rate cut; yen down before BOJ By Investing.com
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Most Asian currencies moved in a flat-to-low range on Thursday as the dollar rose sharply after a large interest rate cut by the Federal Reserve was offset by less dovish signals on future interest rates. The Japanese yen was among the worst performing currencies on the day, falling amid pressure…
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Asian Equities Brace for Fed Effect, Yen Slips: Markets Wrap
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(Bloomberg) — Asian stocks braced for tailwinds from a half-percentage-point interest-rate cut by the U.S. Federal Reserve and signs of more monetary policy easing in the coming months. Most Read from Bloomberg Japanese stock futures rose, while U.S. index futures rose, largely erasing Wednesday’s losses. The S&P 500 initially hit…
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Dollar cedes to yen ahead of Fed decision By Reuters
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By Tom Westbrook LONDON (Reuters) – The dollar gave up some overnight gains against the yen on Wednesday as investors adjusted positions at the last minute before a policy meeting expected to kick off the U.S. monetary easing cycle. The US Federal Reserve is expected to cut interest rates for…
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Asia FX firms, yen strong as dollar retreats on bets of bigger rate cut By Investing.com
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Asian currencies rose on Tuesday, with the Japanese yen nearing a 2024 high as the dollar retreated amid growing bets that the Federal Reserve will cut interest rates by a wide margin this week. Regional trading volumes were subdued due to holidays in markets in China and South Korea. Anticipation…