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 in US jobs and wage gains last month prompted traders to bring forward interest rate cut bets for the Federal Reserve. The yen whipsawed in the past week, weakening beyond 160 per dollar for the first time since 1990 in late April before rebounding dramatically due to two rounds of suspected official interventions. “The impact of the interventions will dissipate quite quickly if indeed US interest rates do not continue to drop from here.” To stem yen losses, the Ministry of Finance has probably bought the currency twice in late April and early May, spending about ¥9 trillion in total, according to Bloomberg calculations.

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History of this topic

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 …

Yen Strengthens on Dollar as US Bond Yields Fall: Markets Wrap
3 weeks, 5 days ago

Yen Strengthens on Dollar as US Bond Yields Fall: Markets Wrap

Live Mint  

A stronger yen weakened Japanese equity futures Thursday after a rally in Treasuries weighed on yields and the dollar. The S&P 500 fell 0.4% after touching a record high in the prior session, while the Nasdaq 100 dropped 0.9% as tech stocks weighed on the US market. Shares in Microsoft Corp. fell after the US Federal Trade Commission opened an …

Dollar Falls as Treasury Pick Tempers Trump Bets: Markets Wrap
4 weeks, 1 day ago

Dollar Falls as Treasury Pick Tempers Trump Bets: Markets Wrap

Live Mint  

The dollar fell and Bitcoin’s rally stalled as traders viewed Donald Trump’s pick of Scott Bessent for Treasury Secretary as a measured choice, tempering some of the more fevered bets spurred by the president-elect’s victory. The dollar has now climbed for eight straight weeks, the longest advance in more than a year, as traders continued to price Trump’s fiscal policies …

Japan Intervened Twice Last Quarter to Bring Yen Below 160
1 month, 2 weeks ago

Japan Intervened Twice Last Quarter to Bring Yen Below 160

Live Mint  

Japan said it stepped into the foreign exchange market twice last quarter, as speculation grows that more moves may be brewing given the recent bout of renewed yen weakness. Before the government took action in July the yen was trading past 160 per dollar, a 38-year low, partly driven by speculators betting on the wide borrowing cost gap between Japan …

Dollar slips before Federal Reserve rate cut decision; here is all you need to know
1 month, 2 weeks ago

Dollar slips before Federal Reserve rate cut decision; here is all you need to know

Hindustan Times  

The dollar fell on Wednesday before the Federal Reserve is expected to cut rates by 25 basis points, while traders were Republicans also won the Senate majority, putting the party on track for a clean sweep that would allow it to make larger legislative changes. Investors will focus on whether Fed Chair Jerome Powell makes any reference to the election …

Stock market today: Asian shares are mixed and the yen slips against the dollar
2 months, 3 weeks ago

Stock market today: Asian shares are mixed and the yen slips against the dollar

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Please enter a valid email address Please enter a valid email address SIGN UP I would like to be emailed about offers, events and updates from The Independent. The meeting between Ishiba and …

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 …

The financial markets will disappoint your yen for stability
4 months, 2 weeks ago

The financial markets will disappoint your yen for stability

Live Mint  

As we go to press Thursday financial investors are already choosing to forget the tremors that hit global markets Monday. Then there’s the infamous yen carry trade: the process by which an investor borrows yen at Japan’s ultralow interest rates to invest in a foreign market at a higher interest rate. Globally, net credit in yen extended by a bank …

Japan's share benchmark resumes swings after calm day on Wall Street
4 months, 2 weeks ago

Japan's share benchmark resumes swings after calm day on Wall Street

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Please enter a valid email address Please enter a valid email address SIGN UP I would like to be emailed about offers, events and updates from The Independent. The interest rate hike, however …

Stock market today: Asian stocks slip, while Australian index tracks Wall St rally to hit record
5 months, 1 week ago

Stock market today: Asian stocks slip, while Australian index tracks Wall St rally to hit record

Associated Press  

Asian stocks were mostly lower Wednesday even as investors wagered that the Federal Reserve will come ahead with a cut to interest rates, while Australia’s benchmark hit a new record. The Dow Jones Industrial Average leaped 1.9% to 40,954.48, and the Nasdaq composite lagged with a gain of 0.2% to 18,509.34, as the stars dimmed for some of the year’s …

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 …

Japan is wrong to try to prop up the yen
7 months, 2 weeks ago

Japan is wrong to try to prop up the yen

Hindustan Times  

It is easy for investors to lose a fortune in the financial markets—and even easier for governments. In 2022 Japan spent more than $60bn of its foreign-exchange reserves defending the yen, its first intervention to strengthen the currency since 1998, after the exchange rate fell to nearly ¥146 to the dollar. Higher rates abroad make profitable a “carry trade”, whereby …

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 …

Japanese yen slides back
7 months, 4 weeks ago

Japanese yen slides back

Hindustan Times  

By Joice Alves Japanese yen slides back LONDON - The yen fell on Friday and was trading around its weakest level in three decades, having briefly spiked against the dollar, with markets on edge about possible intervention after the Bank of Japan kept interest rates on hold on Friday. The yen also briefly rallied against other major currencies but last …

Stock market today: Asian shares trade mixed after Wall Street closes near record finish
8 months, 4 weeks ago

Stock market today: Asian shares trade mixed after Wall Street closes near record finish

Associated Press  

TOKYO — Asian shares were trading mixed on Monday, as investors awaited further indications the Federal Reserve might begin cutting interest rates. Japan’s Nikkei 225 shed 0.7% to 40,619.40, as investors sold shares to lock in profits after the benchmark recently hit record highs. A top Japanese finance official expressed reservations about the recent surge in the U.S. dollar against …

Pressure mounts on Japan as Yen weakens amid US interest rate hike expectations
1 year, 2 months ago

Pressure mounts on Japan as Yen weakens amid US interest rate hike expectations

Live Mint  

Japanese authorities are facing renewed pressure to combat a sustained depreciation in the yen, as investors eye prospects of higher-for-longer US interest rates while the Bank of Japan remains wedded to its super low interest rate policy. With the dollar having breached the psychologically important 150-yen level, many market players see 151.94 yen, where Japan last intervened, as the next …

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 - …

Japan central bank acts to stem yen’s decline against dollar
2 years, 3 months ago

Japan central bank acts to stem yen’s decline against dollar

Associated Press  

TOKYO — Japan’s central bank took the unusual step Thursday of intervening in the market to stem the yen’s decline against the U.S. dollar. Earlier in the day, the dollar rose to nearly 146 yen — a 24-year low — after the Bank of Japan left its key lending rate unchanged following the U.S. Federal Reserve’s decision to raise its …

Japan intervenes to prop up the yen for first time in 24 years
2 years, 3 months ago

Japan intervenes to prop up the yen for first time in 24 years

CNN  

Tokyo CNN Business — Japan tried to shore up the value of its currency Thursday by buying yen and selling US dollars for the first time in 24 years. “In the current foreign exchange market, we are seeing rapid and one-sided movements against the backdrop of speculative activities,” Japan’s vice finance minister for international affairs Masato Kanda told reporters on …

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 …

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