Yen soars to 4-month high after surprise BOJ policy tweak
2 years ago

Yen soars to 4-month high after surprise BOJ policy tweak

Live Mint  

The yen surged to a four-month peak against the dollar on Tuesday after the Bank of Japan stunned markets by deciding to review its yield curve control policy and widen the trading band for the 10-year government bond yield. While it kept broad policy settings unchanged - pinning short-term JGB yields at -0.1% and the 10-year yield around zero - the BOJ decided to let long-term yields to move 50 basis points either side of its 0% target, wider than the 25 basis point band previously. The yen's gains were broad, with the euro tumbling as much as 3.3% to the lowest since late September at 140.17 yen and sterling also sliding some 3.4% to the lowest since Oct. 12 at 160.34 yen. "It's telling that the yen has maintained its strength after the announcement, suggesting the market doesn't believe Kuroda," said Jane Foley, head of FX Strategy at Rabobank.

Yen Yield Boj Kuroda  index  market  higher  tweak  yen  4month  euro  boj  soars  surprise  high  10year  yields  dollar  yield  policy

History of this topic

Dollar charges ahead on haw
5 days, 17 hours ago

Dollar charges ahead on haw

Live Mint  

By Rae Wee SINGAPORE, Dec 19 - The dollar flirted with a two-year peak on Thursday after the Federal Reserve signalled a slower pace of rate cuts in 2025, while the yen slid to a one-month low ahead of a policy decision by the Bank of Japan later in the day. The hawkish tilt from Fed Chair Jerome Powell and …

Euro drops vs strengthening dollar, French politics weigh
3 weeks, 1 day ago

Euro drops vs strengthening dollar, French politics weigh

Live Mint  

* Euro drops as concerns about French politics weigh * Markets still do not price in a government collapse in France * Dollar rises after first weekly fall since September * Yen off highs, ponder chance of BOJ rate hike By Stefano Rebaudo and Wayne Cole Dec 2 - The euro dropped on Monday versus a strengthening U.S. dollar on …

Yen hits six-week high, dollar dips for month-end
Trending News
3 weeks, 3 days ago

Yen hits six-week high, dollar dips for month-end

Live Mint  

By Karen Brettell and Harry Robertson NEW YORK, Nov 29 - The yen jumped to a six-week high against the dollar on Friday after faster-than-expected inflation in Tokyo supported bets for a Bank of Japan interest rate hike next month. Tokyo's core consumer price index, which excludes volatile fresh food costs, rose 2.2% year-on-year in November from a year earlier, …

Yen hits 6-week high amid growing BOJ rate hike bets
Trending News
3 weeks, 4 days ago

Yen hits 6-week high amid growing BOJ rate hike bets

Live Mint  

By Kevin Buckland TOKYO, Nov 29 - The yen jumped as much as 1.2% against the U.S. dollar to a six-week high on Friday, after faster-than-expected inflation in Tokyo supported bets for a Bank of Japan interest rate hike next month. The dollar index, which measures the greenback versus the yen, sterling, euro, and three other rivals, was 0.2% weaker …

Dollar eyes weekly gain on slower Fed easing, inflation outlook
1 month, 1 week ago

Dollar eyes weekly gain on slower Fed easing, inflation outlook

Live Mint  

By Rae Wee SINGORE - The dollar was headed for its best week in more than a month on Friday, buoyed by expectations of fewer Federal Reserve rate cuts and the view that Donald Trump's policies could further stoke inflation when he assumes office in January. "Markets just took comments at face value and therefore scaled back expectations for the …

Dollar eyes weekly gain on slower Fed easing, inflation outlook
Trending News
1 month, 1 week ago

Dollar eyes weekly gain on slower Fed easing, inflation outlook

Live Mint  

By Rae Wee SINGORE, - The dollar was headed for its best week in more than a month on Friday, buoyed by expectations of fewer Federal Reserve rate cuts and the view that Donald Trump's policies could further stoke inflation when he assumes office in January. "Markets just took comments at face value and therefore scaled back expectations for the …

Dollar stable, yen wobbles ahead of US inflation data
3 months, 2 weeks ago

Dollar stable, yen wobbles ahead of US inflation data

Hindustan Times  

By Ankur Banerjee Dollar stable, yen wobbles ahead of US inflation data SINGORE -The dollar was steady on Tuesday and the yen inched away from one-month highs in cautious trading as investors braced for U.S. inflation data and reassess expectations of a large interest rate cut from the Federal Reserve next week. A mixed labour report on Friday failed to …

Yen Rallies Against Dollar, Outstripping Most of Its G-10 Peers
4 months ago

Yen Rallies Against Dollar, Outstripping Most of Its G-10 Peers

Live Mint  

The yen outperformed most of its peers in the Group of 10 Monday, rallying against the dollar in jittery trading ahead of key central bank events later in the week. The rally came amid broad weakness in the dollar, with investors on edge before Bank of Japan Governor Kazuo Ueda appears in parliament on Friday, and Federal Reserve Chair Jerome …

Japan signals it may prop up yen after currency falls to 38-year low
5 months, 3 weeks ago

Japan signals it may prop up yen after currency falls to 38-year low

Al Jazeera  

Japan has signalled it may intervene to prop up the yen after the currency fell to a 38-year low against the US dollar. “We are watching moves with a high sense of urgency, analysing the factors behind the moves, and will take necessary actions.” The Japanese finance chief made his comments after the yen weakened to 160.88 against the dollar …

Yen Wipes Out Friday’s Gain as Market Focus Returns to Yield Gap
7 months, 2 weeks ago

Yen Wipes Out Friday’s Gain as Market Focus Returns to Yield Gap

Hindustan Times  

The yen extended losses, unwinding its sharp rebound on Friday, as traders shifted their focus back to Japan’s interest-rate outlook. Yen Wipes Out Friday’s Gain as Market Focus Returns to Yield Gap The currency was down 0.5% at 153.76 per dollar in Asian trading on Monday. That’s after jumping as much as 1.2% in the last session, when surprising softness …

Why is Japan’s yen falling and why is it so weak against the US dollar?
7 months, 3 weeks ago

Why is Japan’s yen falling and why is it so weak against the US dollar?

Al Jazeera  

The weakness of the Japanese currency is back in the spotlight after sinking to its lowest level since April 1990. The yen recovered to 155.01 per dollar later in the day, prompting speculation that Japanese authorities had intervened to prop up the value of the currency. “Also, market expectations rapidly changed on the Fed’s monetary policy.” The gap in interest …

Japan’s yen surges after sinking to lowest level against dollar since 1990
7 months, 3 weeks ago

Japan’s yen surges after sinking to lowest level against dollar since 1990

Al Jazeera  

Japanese currency sinks to 160.17 per dollar before rising to 155.01 amid speculation of intervention by authorities. The yen on Monday sank to 160.17 per dollar, the lowest since April 1990, setting off murmurs that Japanese authorities could intervene to prop up the currency for the first time since late 2022. The yen has been on a near continual slide …

Yen plunges to new 24-year low against US dollar
2 years, 3 months ago

Yen plunges to new 24-year low against US dollar

Al Jazeera  

One dollar was worth more than 140 Japanese yen for the first time since 1998 in European afternoon deals. One dollar was worth more than 140 yen for the first time since 1998 in European afternoon deals on Thursday, as the greenback also strengthened against other currencies, boosted by the ever-widening gap between the yields on US and Japanese government …

World shares sink after inflation driven retreat on Wall Steet
2 years, 7 months ago

World shares sink after inflation driven retreat on Wall Steet

Firstpost  

The sentiment in the market is highly negative as traders and investors are largely concerned about an economic downturn and soaring inflation, said an expert Tokyo: Shares declined in Europe and Asia on Thursday after a broad retreat on Wall Street triggered by worries over the impact of persistent high inflation on corporate profits and consumer spending. Germany’s DAX lost …

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