Category: yen
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Asia FX on guard before payrolls data, yen rebounds amid likely intervention By Investing.com
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Investing.com — Most Asian currencies rose slightly on Friday, benefiting from a lower dollar as markets retreated ahead of key US jobs data that is likely to weigh on interest rates. The dollar was also under pressure due to the recovery of the Japanese yen, which moved further away from…
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Yen slightly higher after suspected intervention By Reuters
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Written by Karen Brettell NEW YORK (Reuters) – The yen rose slightly on Thursday after a surprise rise late Wednesday that analysts attributed to intervention by Japanese authorities, while the dollar also rose broadly. The yen’s sharp move on Wednesday came during a quiet period for markets after Wall Street…
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Asia FX weak as Fed does little to soothe rate fears; yen rebound stalls By Investing.com
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Investing.com — Most Asian currencies held a narrow range on Thursday, benefiting slightly from a lower dollar, as the Federal Reserve said interest rates were unlikely to fall in the near term, although they were unlikely to rise either. This kept the Japanese yen’s recovery short-lived, with the currency weakening…
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Japan’s Ministry of Finance have revealed their very weak hand propping up the yen
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The Bank of Japan first intervened on a Japanese holiday, which was Monday of this week. Then a second time just hours ago, during the New Zealand morning. While they had influence both times, and they would be happy to do so, these two times are indicators of how weak…
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Dollar nears six-month high after pre-Fed data shock, yen steady By Reuters
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By Harry Robertson LONDON (Reuters) – The dollar rose toward its highest level since November on Wednesday ahead of the Federal Reserve’s interest rate decision later in the day after data on Tuesday showed more signs of inflationary pressures in the U.S. economy. Meanwhile, the yen remained steady after falling…
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Volatile Japanese yen movements suggest intervention; here’s how we can confirm By Investing.com
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Investing.com – The Japanese yen has seen some volatile trading this week, raising speculation that the country’s authorities have intervened to try and stem its seemingly relentless decline. Here’s how we can confirm the intervention. At 11:15 ET (15:15 GMT), the pair traded 0.7% higher at ¥157.37, after climbing as…