Category: yen
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Asia FX firms as rate cut bets pressure dollar; Japanese yen lags By Investing.com
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Most Asian currencies rose on Friday as continued bets on a U.S. interest rate cut put the dollar on track for a fourth straight week in the red, while the Japanese yen fell further amid improved risk sentiment. While the dollar rose from its lowest in nearly seven months on…
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Yen slips, markets brace for US inflation data By Reuters
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By Vidya Ranganathan SINGAPORE (Reuters) – The yen continued its slow decline against the dollar in thin trade due to a holiday in Japan on Monday, as market participants remained uncertain about the prospects of a significant interest rate cut by the U.S. Federal Reserve next month. The break comes…
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Asian Equities Advance, Yen Gives Up Some Gains: Markets Wrap
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Breadcrumbs Path Links PMN Business Asian stocks rose on Monday as markets turned their focus to key U.S. data due later this week for more insights into the health of the world’s largest economy. The yen retreated further from a seven-month high touched last week. Article author: Bloomberg News Catherine…
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What is the yen carry trade and why does it matter? By Investing.com
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The so-called “yen carry trade” has been making headlines recently, with many pointing fingers at this investment strategy as the cause of recent turmoil in global markets. Yen trading involves borrowing at near-zero interest rates in Japan and investing the proceeds in higher-yielding markets such as the US dollar, emerging…
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Leveraged funds’ yen net short position shrinks on carry trade unwind By Reuters
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Written by Saqib Iqbal Ahmed NEW YORK (Reuters) – Leveraged funds’ net short positions in the Japanese yen shrank to their smallest net short position since February 2023 in the latest week, data from the U.S. Commodity Futures Trading Commission and the London Stock Exchange showed on Friday. Data through…
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Dollar steady on US jobs relief as yen heads for first weekly drop in six By Reuters
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By Kevin Buckland and Sruthi Shankar TOKYO (Reuters) – The dollar hovered near a one-week high against other major currencies on Friday after the biggest drop in U.S. jobless claims in nearly a year eased fears of an impending economic slowdown. The US currency steadied against the Japanese yen after…
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Equities Rebound Loses Steam as Yen Rises Again: Markets Wrap
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(Bloomberg) — A rally in Japanese stocks lost steam after the yen resumed its rise, threatening a nascent recovery in global equity markets that’s been supported by signs of resilience in the U.S. labor market. Most Read from Bloomberg The Topix index’s gains narrowed to 0.6 percent from about 2…
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Asia FX firms on positive US, China readings; yen faces renewed pressure By Investing.com
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Most Asian currencies rose on Friday as positive economic readings from the United States and China helped ease recession fears, although improved risk appetite put renewed pressure on the Japanese yen. The dollar found some strength thanks to better-than-expected labor market data, although any major advance in the greenback was…
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Yen flip-flops in volatile trading, keeping investors wary By Reuters
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Written by Amanda Cooper LONDON (Reuters) – The yen faced choppy trading on Thursday after a sharp fall the previous day in a volatile week as investors had to digest the unwinding of popular interest rate positions and how Japanese monetary policy might evolve. The yen swung between a 0.14%…
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Global stocks fall and yen rises as volatility reigns By Reuters
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By Harry Robertson LONDON (Reuters) – European shares fell and U.S. stock futures fell on Thursday after choppy sessions in Asia and on Wall Street as investors struggled to find their footing in a turbulent week for markets. The yen and U.S. bonds rose as traders awaited weekly U.S. jobless…
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Yen shorts largely cleared; sell USD/JPY on rallies above 147
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Investing.com – The majority of short selling in the yen is likely to be liquidated quickly, according to UBS, which should reduce future volatility. The carry trade on the yen has been a major factor behind much of the market volatility recently, as the Bank of Japan’s decision to raise…
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Aussie surges on hawkish RBA, yen strengthens amid BOJ speculation By Investing.com
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Most Asian currencies rose on Thursday, with the Australian dollar making strong gains after Reserve Bank of Australia Governor Michelle Bullock said the bank would not hesitate to raise interest rates further to curb inflation. The Japanese yen also rose, steadying after falling in the previous session as data from…
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Yen dives as BOJ plays down chance of hikes, soothing markets By Reuters
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By Hannah Lang and Harry Robertson NEW YORK/LONDON (Reuters) – The yen fell on Wednesday after a senior Bank of Japan official played down the chances of a near-term interest rate hike, calming investor concerns that any further rise in the Japanese currency could rattle global markets again. The yen…
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Stocks Rally, Yen Drops as BOJ Eases Rate Worries: Markets Wrap
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(Bloomberg) — Stocks rose after the Bank of Japan moved to reassure markets following historic volatility sparked in part by an unexpected interest-rate hike last week. Most Read from Bloomberg The Stoxx Europe 600 index rose 0.5%, with progress slowed by disappointing earnings reports from some of the region’s biggest…
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Asia FX muted as dollar steadies; yen tumbles as BOJ downplays rate hikes By Investing.com
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Most Asian currencies fell on Wednesday as the dollar regained more ground after recent declines, while the yen fell sharply after Bank of Japan officials downplayed expectations of a rate hike. Sentiment towards regional markets remained fragile, especially after concerns about a recession in the United States caused risk-oriented assets…
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ForexLive Asia-Pacific FX news wrap: BOJ’s Uchida triggered a sharp yen decline
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High Risk Warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage also creates additional risks 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…
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Asia stocks extend gains, yen retreats after BOJ talks down rate hikes By Reuters
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By Wayne Cole and Stella Chiu SYDNEY (Reuters) – Asian stock markets extended gains on Wednesday, led by a rebound in the U.S. dollar after the Bank of Japan unexpectedly signaled it was unwilling to raise interest rates again amid volatile markets, sending the yen sharply lower. The Nikkei rose…
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FX Daily Review: Dollar Holds Steady Against Yen As Global Market Mayhem Eases
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It’s only Tuesday, but what a week it’s already been! ? Yesterday, investors, traders and investors around the world experienced a rollercoaster ride as global stock markets plunged, but today they have partially recovered. An important factor contributing to these disturbances was the solution of thepregnancy tradeIt is a popular…
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Asia FX weak as yen falls from 7-mth peak; Aussie firms on hawkish RBA By Investing.com
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Most Asian currencies were slightly lower on Tuesday as the dollar steadied after its recent slide, with the Japanese yen retreating from seven-month highs. The Australian dollar was among the region’s best performing currencies, rising after the Reserve Bank of Australia kept interest rates unchanged but took a hawkish stance…