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Yen rises to 8-week high on BOJ hike bets, receding trade war risk
The yen climbed to an eight-week top versus the U.S. dollar on Thursday after a Bank of Japan policy board member advocated continued interest-rate hikes. The dollar hovered near the lowest level since the start of last week against a basket of peers that includes the yen,
Yen at 7-week high risks revived talk of crumbling carry trades, risk-off mood.
Most traders will recall the early August stock market swoon when fears about waning U.S. economic growth sparked a bout of intense volatility. Adding to the ructions was a sharp appreciation in the Japanese yen following a Bank of Japan interest rate hike.
The Yen Is Back in Favor as Currency Traders Shun the Dollar
A wild week in the currency markets has left hedge funds heading for the exits on their dollar trades and turning their attention toward the Japanese yen.
FOREX Dollar slumps to 8-week low vs yen as trade war risk recedes
The U.S. dollar slumped to an eight-week trough to the yen and lingered near a one-month low versus sterling on Thursday, as investor nerves about an inflation-stoking global trade war abated.
17h
What the weak yen might mean for Switch 2 pricing
When the Switch launched in early 2017, a single dollar could get you about 114 Japanese yen, a rate broadly in line with the ...
21h
Morning Bid: Alphabet flubs, Yen surges, China returns
Global stocks fell on Wednesday, after disappointing earnings from Alphabet knocked Wall Street futures, while the dollar ...
World Finance
20h
The yo-yoing yen
The yen. It is more than just Japan’s pocket change – it is a currency with global clout. Much like the nation’s ingrained ...
38m
Real wages down for 3rd year in row as inflation strains budgets
The labor ministry on Feb. 5 announced that real wages in 2024 continued falling for the third consecutive year, as pay ...
1d
Japanese Yen bears seem non-committed; USD/JPY remains below mid-155.00s
Investors breathed a sigh of relief after US President Donald Trump agreed to delay 25% trade tariffs against Canada and ...
2h
Mitsubishi Books $439 Million Charge on Japan Offshore Wind Projects
TOKYO (Reuters) -Japan's Mitsubishi Corp took a 66.8 billion yen ($438.61 million) impairment charge on its domestic offshore wind projects in the nine-month period ended in December, it said on ...
1d
Japanese Yen and Aussie Dollar News: Wage Growth, Services PMI, and Tariffs in Focus
Japan’s wage data, Services PMI, and BoJ rate hike bets drive yen moves. Key U.S. labor data may also impact Fed policy ...
Business Times
1h
Bain is said to near 500 billion yen deal for Mitsubishi pharma unit
BAIN Capital is nearing a deal to buy Mitsubishi Chemical Group’s pharmaceutical unit, sources familiar with the matter said, ...
EconoTimes
2h
Japanese Yen Hits Two-Month High as BOJ’s Tamura Signals Rate Hikes
The Japanese yen strengthened on Thursday, reaching a nearly two-month high as Bank of Japan (BOJ) board member Naoki Tamura ...
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