Category: yen
-
Asia FX muted as dollar dips on recession fears; yen surges to near 7-mth high By Investing.com
•
Most Asian currencies moved in a narrow range on Monday, taking little advantage of the dollar’s weakness amid growing concerns about slowing economic growth in the United States. The Japanese yen was an outlier, rising sharply on safe-haven demand and as the prospect of a Bank of Japan interest rate…
-
Dollar slumps on recession fears; yen, Swiss franc benefit By Investing.com
•
Investing.com – The U.S. dollar fell sharply on Monday amid concerns over U.S. economic growth, with strong demand for the safe-haven Swiss franc and Japanese yen. At 08:45 ET (12:45 GMT), the dollar index, which tracks the greenback against a basket of six other currencies, was down 0.9% at 102.100,…
-
Japan watching yen moves closely, finance minister says after stocks rout By Reuters
•
Written by Makiko Yamazaki and Satoshi Sugiyama TOKYO (Reuters) – Japanese Finance Minister Shunichi Suzuki said on Monday authorities were closely monitoring exchange rate movements after the Japanese currency fell to its biggest one-day drop since 1987. He said it was desirable for foreign exchange rates to move stably and…
-
Yen rises to 7-month highs as US slowdown fears spill over By Reuters
•
By Vidya Ranganathan SINGAPORE (Reuters) – The Japanese yen hit its highest level against the dollar since January on Monday as markets continued to move in a week that began after weak U.S. employment data stoked recession fears and expectations of deeper interest rate cuts by the Federal Reserve. Friday’s…
-
Commerzbank hint at the potential for more Japanese intervention to support the yen
•
Justin gives us the latest from the Bank of Japan: And through an excerpt from Commerzbank, analysts there also see the Bank of Japan adopting a stance that favors further interest rate hikes, thus supporting the yen: The Bank of Japan does not expect its policy path to significantly reduce…
-
Commerzbank hint at the potential for more Japanese intervention to support the yen
•
Justin gives us the latest from the Bank of Japan: And through an excerpt from Commerzbank, analysts there also see the Bank of Japan adopting a stance that favors further interest rate hikes, thus supporting the yen: The Bank of Japan does not expect its policy path to significantly reduce…
-
Asia FX firms on rate cut bets, yen at 5-mth high on hawkish BOJ By Investing.com
•
Most Asian currencies rose on Thursday as the dollar fell after the Federal Reserve signaled an interest rate cut was imminent, while the Japanese yen hit a five-month high amid hawkish signals from the Bank of Japan. But the Chinese yuan lagged its peers, as did the Australian dollar in…
-
BOJ shift gives yen a shake and causes reassessment of popular FX trade By Reuters
•
By Alun John and Tom Westbrook LONDON/SINGAPORE (Reuters) – The Bank of Japan’s move to raise interest rates to a 15-year high pushed the yen to its highest level against the dollar since March and left it poised for further gains as investors reassess lucrative carry trades that had previously…
-
Column-Asian FX at crossroads as yen, yuan diverge: McGeever By Reuters
•
By Jamie McGeever ORLANDO, Fla. (Reuters) – Japanese and Chinese monetary policies are diverging, meaning other Asian currencies may now be at a crossroads, too. But are currencies like the South Korean won, Indian rupee and Indonesian rupiah affected by a stronger yen, supported by expectations of tighter monetary policy…
-
Dollar slips ahead of Fed decision; yen soars after BOJ hike By Investing.com
•
Investing.com – The U.S. dollar fell on Wednesday ahead of the conclusion of the Federal Reserve’s latest interest rate-setting meeting, while the Japanese yen rose after the Bank of Japan tightened monetary policy. At 05:20 ET (09:20 GMT), the dollar index, which tracks the greenback against a basket of six…
-
Yen choppy after BOJ hikes, Aussie struggles as RBA cuts eyed By Reuters
•
Written by Ray Wee SINGAPORE (Reuters) – The yen swung between gains and losses on Wednesday after the Bank of Japan raised interest rates at the end of its two-day policy meeting and unveiled a detailed plan to scale back its massive bond-buying programme. The yen rose about 0.8% to…
-
Asia FX firms with Fed on tap; Japanese yen volatile after BOJ By Investing.com
•
Most Asian currencies rose on Wednesday ahead of further signals on interest rate cuts from the Federal Reserve, while the Japanese yen was volatile after mixed signals from the Bank of Japan. The Australian dollar was an exception among its regional peers, with the currency sliding to a three-month low…
-
Japan’s new currency diplomat keeps intervention on table to stabilise yen By Reuters
•
Written by Makiko Yamazaki and Takaya Yamaguchi TOKYO (Reuters) – Japan will maintain its basic approach on the yen, with intervention remaining an option to address excessively volatile moves in the exchange rate, Atsushi Mimura, the new Japanese diplomat in charge of the currency, told Reuters. “Japan will act in…
-
Hedge funds make massive retreat from short yen positions, UBS says By Reuters
•
Written by Summer Chen HONG KONG (Reuters) – Global hedge funds have largely pulled back from their bearish bets on the Japanese yen during the currency’s strong rally against the U.S. dollar over the past two weeks, according to a note to clients by UBS seen by Reuters on Tuesday.…
-
Dollar, yen hold tight ranges as market braces for BOJ, Fed By Reuters
•
By Brigid Riley TOKYO (Reuters) – The dollar and yen held within close ranges on Tuesday as traders awaited major central bank decisions, starting with midweek policy meetings from the Bank of Japan and the Federal Reserve, that could set the tone for the coming weeks. The Japanese currency took…
-
Asia FX muted with yen steady ahead of BOJ; dollar gains before Fed By Investing.com
•
Most Asian currencies remained in a narrow range on Tuesday amid caution ahead of a series of economic signals this week, with the yen steady amid uncertainty over a potential interest rate hike by the Bank of Japan. The dollar recovered slightly as expectations of a Federal Reserve meeting grew,…
-
Yen rises amid fragile sentiment ahead of BOJ, Fed decisions By Reuters
•
By Kevin Buckland TOKYO (Reuters) – The yen edged up on Monday, reversing earlier declines, as sentiment remained fragile after the Japanese currency’s best weekly rise since late April following a sharp drop in U.S. technology stocks that sparked demand for safe-haven assets. Traders are now awaiting policy decisions by…
-
ForexLive Asia-Pacific FX news wrap: Yen swings again, more than a big figure range
•
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…