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 since early 2021 as the Bank of Japan has maintained ultra-low interest rates while the US Federal Reserve and other central banks have hiked borrowing costs. While the weak yen has helped Japanese exporters boost profits and put more cash in the pockets of tourists visiting Japan, it has put pressure on household budgets by raising the prices of imported goods. Japanese officials have repeatedly stated that they are prepared to step in to prevent sharp movements in the exchange rate although authorities have refrained from intervening during the currency’s yearlong slide.

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History of this topic

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, …

Japan’s Nikkei slips on firmer yen amid BOJ rate hike bets; logs worst month since April
3 weeks, 3 days ago

Japan’s Nikkei slips on firmer yen amid BOJ rate hike bets; logs worst month since April

Live Mint  

By Brigid Riley TOKYO, - Japan's Nikkei share average fell on Friday as the yen strengthened on growing expectations of an interest rate hike by the Bank of Japan after hotter-than-expected inflation data. Meanwhile, banks and insurance stocks were boosted by prospects of the rate hike, sending Dai-ichi Life Holdings soaring 3.5% and Chiba Bank rallying 4.2% to land among …

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

Rupee to bypass recovery in Asian peers on worries over outflows
3 weeks, 4 days ago

Rupee to bypass recovery in Asian peers on worries over outflows

Live Mint  

By Nimesh Vora MUMBAI, Nov 29 - The Indian rupee is likely to hover near its all-time low on Friday as concerns about portfolio outflows override the recovery in Asian peers. The 1-month non-deliverable forward indicated the rupee will open at 84.4850-84.4950 to the U.S. dollar, nearly unchanged from its close on Thursday and near the lifetime low of 84.5075 …

Asian shares slip, yen aims for best week in 4 months on BOJ hike bets
Trending News
3 weeks, 4 days ago

Asian shares slip, yen aims for best week in 4 months on BOJ hike bets

Live Mint  

By Stella Qiu SYDNEY - Asian shares slipped on Friday while the yen was aiming for its best week in four months as strong local inflation data had traders favouring an imminent rate hike from the Bank of Japan. "We note that the acceleration in inflation, combined with the solid recovery in monthly activity, increases the odds of another BoJ …

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 …

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

Bitcoin surpasses $63,000 to one-month high; What’s behind the rally?
3 months ago

Bitcoin surpasses $63,000 to one-month high; What’s behind the rally?

Live Mint  

Bitcoin stood out as it surged to one-month highs on Monday, continuing its rally following last week's substantial rate cut by the Federal Reserve. This move, made shortly after the Fed's 50 basis points rate cut, halted the yen's significant appreciation this month, which has seen a 1.4 per cent increase in September. With Japan observing the Autumnal Equinox Day, …

Dollar rises after August U.S. payrolls report paints mixed picture
3 months, 2 weeks ago

Dollar rises after August U.S. payrolls report paints mixed picture

The Hindu  

The dollar rose in volatile trading on Friday after data showed U.S. employment grew less than expected in August, but indicated only a steady slowdown in the labour market, likely supporting gradual interest rate cuts by the Federal Reserve. "A half-point rate cut at the central bank’s September meeting remains unlikely, but today’s release provided clear evidence of a sharp …

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 …

The obscure Japanese investing scheme that continues to threaten global markets
4 months, 2 weeks ago

The obscure Japanese investing scheme that continues to threaten global markets

The Telegraph  

With share prices plunging, high anxiety on Wall Street and talk of emergency rate cuts in the US, it has been a dramatic week for the markets – and the millions of savers who rely on them for an investment return. The result has left anyone from ordinary people dabbling in investing to large pension funds feeling sore and looking …

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 …

Japan Stock market crash: Nikkei 225 index plunges 12.4% as world markets tremble over risks to the US economy
4 months, 2 weeks ago

Japan Stock market crash: Nikkei 225 index plunges 12.4% as world markets tremble over risks to the US economy

The Hindu  

Japan’s benchmark stock index plunged 12.4% on August 5, compounding a global market rout set off by investor concerns that the the U.S. economy could be headed for recession. But after Friday’s jobs report, worries are rising the Fed may have kept its main interest rate at a two-decade high for too long, raising risks of a recession in the …

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’s exports surge 13.5% in May, helped by cheap yen and strong demand in US, Asian markets
6 months ago

Japan’s exports surge 13.5% in May, helped by cheap yen and strong demand in US, Asian markets

Associated Press  

TOKYO — Japan’s exports surged 13.5% in May, faster than expected growth helped by a weak yen and strong demand in the U.S. and Asia. Finance Ministry data reported Wednesday showed that the trade deficit totaled 1.22 trillion yen, down nearly 12% from 1.38 trillion yen a year earlier. In fact, “most of the increase in trade values over the …

Bank of Japan to cut buying govt bonds
6 months ago

Bank of Japan to cut buying govt bonds

China Daily  

Pedestrians walk past the Bank of Japan building in Tokyo, Japan March 18, 2024. The Bank of Japan's recent announcement that it will reduce the scale of its long-term government bond purchases while leaving short-term interest rates unchanged is seen as a move toward monetary policy normalization by experts, who said it could alleviate some of the pressure on the …

Bank of Japan to scale down huge bond-buying programme
6 months, 1 week ago

Bank of Japan to scale down huge bond-buying programme

New Indian Express  

TOKYO: The Bank of Japan on Friday said it would trim its vast hoard of government bonds as it cautiously steps away from its long-running ultra-loose monetary policy. The central bank kept interest rates unchanged after a two-day meeting but announced plans to "reduce its purchase amount of JGBs thereafter to ensure that long-term interest rates would be formed more …

Japan’s economy shrank more than expected in the first quarter
7 months, 1 week ago

Japan’s economy shrank more than expected in the first quarter

Associated Press  

TOKYO — The Japanese economy shrank at an annual rate of 2% in the first quarter of this year, as consumption and exports declined, the government said Thursday. Although unemployment has stayed relatively low in the world’s fourth largest economy at about 2.6%, wage growth has been slow and prices have risen partly due to weakness of the yen against …

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 …

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 …

Japanese yen slides back
7 months, 3 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 …

In Japan, interest rate increases herald a new era for financial markets
9 months, 1 week ago

In Japan, interest rate increases herald a new era for financial markets

The Hindu  

Barely weeks after Japanese stocks broke three-decade highs, the country’s financial markets are hurtling toward another phenomenon not seen for the best part of a generation: rising interest rates. “I personally think this is going to be the beginning of a new era,” said Keita Matsumoto, head of financial institutions sales and solutions at Citigroup Global Markets Japan. “Markets still …

Bitcoin price hits record high in Japan as fresh inflows fuel rally
10 months ago

Bitcoin price hits record high in Japan as fresh inflows fuel rally

The Independent  

Sign up to our free weekly IndyTech newsletter delivered straight to your inbox Sign up to our free IndyTech newsletter Sign up to our free IndyTech newsletter SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Bitcoin has hit a record high against the Japanese Yen following a 25 …

Japan slips into recession, allowing Germany to overtake as world’s third-largest economy
10 months, 1 week ago

Japan slips into recession, allowing Germany to overtake as world’s third-largest economy

CNN  

Hong Kong/Tokyo CNN — Japan’s economy has contracted unexpectedly because of weak domestic consumption, pushing the country into recession and causing it to lose its position as the world’s third largest economy to Germany. What’s more, the Bank of Japan’s Tankan survey showed that business conditions across all industries and firm sizes were the strongest they’ve been since the fourth …

Japan's exports surge 10% in December on strong demand for autos, revived trade with China
10 months, 4 weeks ago

Japan's exports surge 10% in December on strong demand for autos, revived trade with China

The Hindu  

Japan's exports surged almost 10% in December from a year earlier, helped by a revival in trade with China and strong demand for vehicles, machinery and computer chips. A weak Japanese yen has helped export manufacturers like Toyota, Honda and Sony, though it increases the costs of imports of key commodities like oil and gas needed to fuel the world's …

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 …

Japan’s central bank retains key interest rate while fine-tuning bond purchases for more flexibility
1 year, 4 months ago

Japan’s central bank retains key interest rate while fine-tuning bond purchases for more flexibility

Associated Press  

TOKYO — Japan’s central bank opted Friday to keep its benchmark interest rate at minus 0.1% but fine-tuned its bond purchases to allow greater flexibility in its policies given the “high uncertainties” facing the world’s third-largest economy. The BOJ has resisted raising its longstanding minus 0.1% benchmark rate out of concern that growth in Japan, the world’s third-largest economy, may …

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 …

Japanese yen rises as investors seek havens after Abe shooting
2 years, 5 months ago

Japanese yen rises as investors seek havens after Abe shooting

Al Jazeera  

Japanese currency advances to 135.33 per dollar after former Japanese prime minister taken to hospital. Japan’s yen rose on Friday as investors sought safe havens following reports that former Japanese Prime Minister Shinzo Abe had been shot. Chief Cabinet Secretary Hirokazu Matsuno said he did not know Abe’s condition, but Japanese broadcaster NHK said the 67-year-old former leader suffered cardiac …

Asian benchmarks decline after bear market hits Wall Street
2 years, 6 months ago

Asian benchmarks decline after bear market hits Wall Street

Associated Press  

TOKYO — Asian shares fell across the board Tuesday after Wall Street tumbled into a bear market, indicating that major U.S. benchmarks and individual stocks have fallen 20% or more from a recent high for a sustained period of time. “Another day to digest the recent U.S. inflation data, and another day closer to the June FOMC meeting, and global …

Japan’s economy contracts, but at smaller rate than thought
2 years, 6 months ago

Japan’s economy contracts, but at smaller rate than thought

Associated Press  

TOKYO — The Japanese economy contracted in the first quarter, but at a slower pace than earlier estimated, the government said Wednesday. Some analysts say Japan has gradually lost its competitive edge because it hasn’t done enough to nurture innovation and free up new sources of growth bridled by old-time bureaucracies. Although a weak currency is a boon for Japanese …

Japan’s weaker yen a blessing to some, burden for others
2 years, 6 months ago

Japan’s weaker yen a blessing to some, burden for others

Associated Press  

TOKYO — The Japanese yen has weakened, trading in recent weeks at 20-year lows of 130 yen to the U.S. dollar just when prices of oil and other goods are surging partly due to the war in Ukraine. Operating profit at Japan’s top automaker Toyota Motor Corp. got a hefty 610 billion yen windfall from the favorable exchange rate. “For …

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 …

Weaker yen, costly oil push Japan’s trade deficit higher
2 years, 8 months ago

Weaker yen, costly oil push Japan’s trade deficit higher

Associated Press  

Japan’s weakening yen raised further alarm in Tokyo on Wednesday as the government reported a bigger-than-expected trade deficit largely due to soaring costs for imports of oil, food and other necessities. Earlier, the concern was that the dollar would rise to the 130 yen level by the year’s end, Richard Katz, editor-in-chief of The Oriental Economist, said in a commentary. …

China buoys outlook for Japan exports
3 years, 11 months ago

China buoys outlook for Japan exports

China Daily  

The pre-pandemic throngs of tourists are absent on Monday from a street leading to a popular temple in Kyoto, Japan. BUDDHIKA WEERASINGHE/GETTY IMAGES Brighter December, with boost from neighbor, offers hope for trade pickup Soaring demand from China lifted Japan's exports to their first monthly increase in more than two years in December, government data showed, offering a glimmer of …

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