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Yen under pressure as BOJ keeps rates steady The yen remained under pressure on Thursday as the Bank of Japan kept ultra-low interest rates steady, while the U.S. dollar consolidated ahead of jobs data later this week and the U.S. presidential election next week. The Japanese currency has taken a beating this month as the dollar and U.S. Treasury yields have hovered around their highest since July.  The yen has fallen more than 6% in October and is on track for what would be its biggest monthly loss against the greenback sinc...
Yen under pressure as BOJ keeps rates steady
Yen under pressure as BOJ keeps rates steady
Source: Reuters
2024-10-31 09:07:57 am
Asian stocks slip as tech drags, yen near 3-month low before BOJ decision Asian stocks slid on Thursday as chip-sector stocks tracked overnight declines by Wall Street peers and Facebook owner Meta Platforms warned of accelerating costs for artificial intelligence. More megacap tech earnings are due later in the day from Apple and Amazon. The yen hovered close to a three-month low against the dollar, weighed down by political instability after a drubbing for Japan's ruling coalition in parliamentary elections last weekend, which could delay a normalisatio...
Asian stocks slip as tech drags, yen near 3-month low before BOJ decision
Asian stocks slip as tech drags, yen near 3-month low before BOJ decision
Source: Reuters
2024-10-31 08:53:33 am
Yen mired in political uncertainty; dollar looks to key data releases The yen languished near a three-month trough on Tuesday as the loss of a parliamentary majority for Japan's ruling coalition in weekend elections raised uncertainty about the nation's political and monetary outlook. Elsewhere, the dollar eased a touch, though remained not too far from its recent high ahead of major U.S. data releases later in the week that could determine the path for Federal Reserve policy. The yen was last 0.1% higher at 153.12 per dollar, after having slumped...
Yen mired in political uncertainty; dollar looks to key data releases
Yen mired in political uncertainty; dollar looks to key data releases
Source: Reuters
2024-10-29 09:01:10 am
Yen tumbles after Japan election, dollar set for biggest monthly rise since 2022 The yen hit three-month lows on Monday as investors figured the loss of a parliamentary majority for Japan's ruling coalition in weekend elections would slow interest rate rises, while the U.S. dollar headed for its biggest monthly gain since April 2022. The dollar rose by as much as 1% to a high of 153.88, the yen's weakest level since late July. The yen was last down about 0.2% on the dollar at 152.65, bringing the decline in October to 6.4%, the largest of any G10 currency. A...
Yen tumbles after Japan election, dollar set for biggest monthly rise since 2022
Yen tumbles after Japan election, dollar set for biggest monthly rise since 2022
Source: Reuters
2024-10-28 09:16:13 am
Yen wobbles, vulnerable to political reverberations The yen languished near a three-month trough on Friday and was headed for a fourth straight weekly loss, ahead of an election in Japan over the weekend that is likely to complicate the Bank of Japan's (BOJ) policy normalisation plans. In the broader market, the dollar retreated from its recent highs as it tracked U.S. Treasury yields lower, though it remained on course for yet another weekly gain. Japanese voters will head to the polls on Sunday for a general election, with polls sh...
Yen wobbles, vulnerable to political reverberations
Yen wobbles, vulnerable to political reverberations
Source: Reuters
2024-10-25 09:22:57 am
Fed outlook pushes dollar to 2 1/2 month peak; yen under pressure The U.S. dollar hovered at a 2-1/2-month peak on Wednesday as investors adjusted bets toward a gradual reduction of interest rates while keeping an eye on a close presidential election race. The yen remained under pressure as the dollar and U.S. Treasury yields marched higher, pushing it to a three-month low. The greenback has climbed for three weeks as expectation for aggressive rate hikes from the Federal Reserve has faded after a slew of upbeat economic data. Markets now have a 91...
Fed outlook pushes dollar to 2 1/2 month peak; yen under pressure
Fed outlook pushes dollar to 2 1/2 month peak; yen under pressure
Source: Reuters
2024-10-23 08:48:15 am
Tokyo stocks rise on Wall Street gains, weak yen Tokyo stocks rose on Tuesday, with the key stock index rising for the fourth straight day on overnight Wall Street gains and a weak yen.  Japan's benchmark Nikkei stock index, the 225-issue Nikkei Stock Average, gained 0.77 per cent, or 304.75 points, to close at 39,910.55. During intraday trading, the Nikkei briefly exceeded the 40,000 mark for the first time in nearly three months, a level last seen on July 19. The rise was supported by gains in US stocks during Japan'...
Tokyo stocks rise on Wall Street gains, weak yen
Tokyo stocks rise on Wall Street gains, weak yen
Source: IANS
2024-10-15 03:24:51 pm
Dollar at over two-month high, yen near 150/$ The U.S. dollar was perched at an over two-month high against major currencies on Tuesday, spurred by wagers the Federal Reserve will proceed with modest rate cuts in the near term, while the yen inched closer to the key 150 per dollar level. The euro was steady in early Asian hours but close to its lowest level since Aug. 8 that it touched on Monday ahead of the European Central Bank policy meeting on Thursday, where the central bank looks set to deliver another interest rate cut. A st...
Dollar at over two-month high, yen near 150/$
Dollar at over two-month high, yen near 150/$
Source: Reuters
2024-10-15 08:59:06 am
Tokyo stocks rise over weaker yen, US gains Tokyo stocks gained ground on Tuesday following a plunge on the previous day as bargain hunters targeted the dip, pushing up the index.  Japan's benchmark Nikkei stock index, the 225-issue Nikkei Stock Average, gained 1.93 per cent, or 732.42 points, to close at 38,651.97. The market was also buoyed by a weakening yen, with the yen trading at around 144 per dollar, as well as gains on Wall Street, reports Xinhua news agency. Despite the rebound, concerns over the new governm...
Tokyo stocks rise over weaker yen, US gains
Tokyo stocks rise over weaker yen, US gains
Source: IANS
2024-10-01 02:21:46 pm
Dollar drops; Harris` chances improve after US election debate The dollar fell to its lowest against the yen this year on Wednesday after investors upped the chances of Democrat Kamala Harris beating Republican rival Donald Trump in November's presidential election after a scheduled debate. The yen received an additional boost from Bank of Japan board member Junko Nakagawa, who reiterated that the central bank would continue to raise interest rates if the economy and inflation move in line with its forecasts. Traders were also awaiting a key U....
Dollar drops; Harris` chances improve after US election debate
Dollar drops; Harris` chances improve after US election debate
Source: Reuters
2024-09-11 09:08:50 am
Dollar recovers as traders scale back bets of big Fed rate cut The dollar recouped some of last week's losses on Monday as investors looked ahead to U.S. inflation data after Friday's mixed payrolls report sparked uncertainty about the size of a Federal Reserve rate cut next week. The yen weakened against the dollar after a four-day run of gains. It was last down 0.7% to 143.35 per dollar, after having touched a one-month high of 141.75 on Friday. Focus turned to Wednesday's U.S. inflation report as the next main indicator that could al...
Dollar recovers as traders scale back bets of big Fed rate cut
Dollar recovers as traders scale back bets of big Fed rate cut
Source: Reuters
2024-09-09 08:52:36 am
Currencies trade in tight range as market awaits more U.S. rate cues The U.S. dollar held near its lowest level in more than a year against a basket of peers on Wednesday, with sterling trading just off multi-year highs, as markets focused on clues to the size of a widely expected U.S. interest rate cut next month. Cryptocurrency bitcoin took the early Asia spotlight, dropping over 6% after breaking below support around $60,000. Meanwhile, the Aussie popped up to a multi-month high after the latest domestic consumer price data came in a tick above consen...
Currencies trade in tight range as market awaits more U.S. rate cues
Currencies trade in tight range as market awaits more U.S. rate cues
Source: Reuters
2024-08-28 08:59:00 am
Dollar sinks vs yen, hovers near 2-1/2-year low to sterling after Fed`s dovish shift  The yen rose to a three-week high against the dollar on Monday as Federal Reserve Chair Jerome Powell's emphatic dovish shift contrasted sharply with Bank of Japan chief Kazuo Ueda's steadfastly hawkish tone. The U.S. currency hovered near its lowest in 13 months against the euro. It also sagged closer to levels last seen in March 2022 versus sterling, with Bank of England head Andrew Bailey's comments that it was "too early to declare victory" over inflation si...
Dollar sinks vs yen, hovers near 2-1/2-year low to sterling after Fed`s dovish shift
Dollar sinks vs yen, hovers near 2-1/2-year low to sterling after Fed`s dovish shift
Source: Reuters
2024-08-26 09:04:16 am
Shares hold near record high with Powell in focus, dollar in the doldrums World shares steadied on Friday, sitting just 1% shy of all-time highs, while the dollar languished around one-year lows ahead of a speech by the world's most powerful central banker which markets will peruse for guidance on the shape of U.S. rate cuts. Europe's broad Stoxx 600 index rose 0.14% in early trading, Asian shares outside Japan nudged down 0.1%, but Japan's Nikkei gained 0.4% as investors digested inflation data and remarks from Bank of Japan governor Kazuo Ueda flag...
Shares hold near record high with Powell in focus, dollar in the doldrums
Shares hold near record high with Powell in focus, dollar in the doldrums
Source: Reuters
2024-08-23 09:05:50 am
Yen slips, markets brace for US inflation data The yen was a tad softer against the dollar in trading thinned by a Japanese holiday on Monday, with market participants still ambivalent about the odds of a big Fed rate cut next month. The respite follows a tumultuous week that began with a massive selloff across currencies and stock markets, driven by worries over the U.S. economy and the Bank of Japan's hawkishness. Last week ended calmer, with Thursday's stronger-than-expected U.S. jobs data leading markets to pare bets for...
Yen slips, markets brace for US inflation data
Yen slips, markets brace for US inflation data
Source: Reuters
2024-08-12 08:46:15 am
Dollar near one-week high on jobs relief; yen sags The dollar hovered close to a one-week high against major rivals on Friday, after the biggest drop in U.S. jobless claims in close to a year allayed fears of a looming economic downturn. The U.S. currency extended gains against the Japanese yen to a fourth day, buoyed by a spike in Treasury yields following Thursday's firmer-than-expected employment data, which spurred a paring back in bets for Federal Reserve interest rate cuts this year. The yen and fellow safe-haven currency the ...
Dollar near one-week high on jobs relief; yen sags
Dollar near one-week high on jobs relief; yen sags
Source: Reuters
2024-08-09 08:54:32 am
Asian shares set to end brutal week on a high, yen under pressure Asian shares are ending a rough week on a high as Japanese stocks are close to recouping all of the huge losses from Monday, while the yen slipped again as markets pared back the chance of an outsized U.S. rate cut. Japan's Nikkei rose another 1.7% on Friday, tracking a strong rebound on Wall Street overnight. It has erased most of a 13% crash on Monday and was set for a weekly drop of just 1.5%. MSCI's broadest index of Asia-Pacific shares outside Japan climbed 1.4%, more than ...
Asian shares set to end brutal week on a high, yen under pressure
Asian shares set to end brutal week on a high, yen under pressure
Source: Reuters
2024-08-09 08:48:15 am
Yen firms after sharp drop as traders assess Japan's rate path The yen firmed on Thursday after a sharp drop in the previous session in a volatile week that has left sentiment fragile as investors weigh the unwinding of popular carry trades and ponder the rate path Japan's central bank is likely to take. The yen was last 0.53% higher at 145.95 per dollar, having dropped 1.6% on Wednesday after the Bank of Japan's Deputy Governor Shinichi Uchida played down the chance of a near-term hike in interest rates. The Japanese currency started the w...
Yen firms after sharp drop as traders assess Japan's rate path
Yen firms after sharp drop as traders assess Japan's rate path
Source: Reuters
2024-08-08 08:44:30 am
Tech leads Asia stock selloff, yen gains in volatile week for markets  Tech shares led a selloff in stock markets around Asia, while the yen and U.S. bonds rebounded, as global investors struggled to find their footing in a wild week for markets. Japan's Nikkei share average was last down 1%, having earlier slumped as much as 2.5%, with chip-sector shares the biggest drag on the index. That left the Nikkei down more than 3% for the week, following Monday's 12.4% plunge, despite the ensuing two-day rebound. Elsewhere, Taiwan's tech-heavy s...
Tech leads Asia stock selloff, yen gains in volatile week for markets
Tech leads Asia stock selloff, yen gains in volatile week for markets
Source: Reuters
2024-08-08 08:41:26 am
Yen slides after BOJ official says no rate hikes if markets volatile The dollar was firmer on Wednesday, surging as much as 2% against the yen after Bank of Japan Deputy Governor Shinichi Uchida said the central bank won't raise interest rates when financial markets are unstable. The yen was last down over 1.5% at 146.70 per dollar having touched session lows of 147.50 immediately following Uchida's comments, as investors were still grappling with a massive shakeout in assets at the start of the week driven by recession fears and unwinding of popula...
Yen slides after BOJ official says no rate hikes if markets volatile
Yen slides after BOJ official says no rate hikes if markets volatile
Source: Reuters
2024-08-07 08:42:19 am
Asia stocks extend gains, yen retreats after BOJ talks down rate hikes Asian share markets extended gains on Wednesday led by a bounce in the Nikkei, following the Bank of Japan's unexpected indication of reluctance to further raise interest rates while markets are volatile, which lead to a sharp fall in the yen. The Nikkei's 2% rise followed Tuesday's 10% rally, leading to optimism investors were finding their footing after the recent market rout. The index slumped 13% on Monday. Bank of Japan (BOJ) Deputy Governor Shinichi Uchida said on Wedn...
Asia stocks extend gains, yen retreats after BOJ talks down rate hikes
Asia stocks extend gains, yen retreats after BOJ talks down rate hikes
Source: Reuters
2024-08-07 08:38:12 am
Yen rises to 7-month highs as US slowdown fears carry over Japan's yen hit mid-January highs against the dollar at Asia open on Monday, as markets extended moves triggered last week after weak U.S. labour data stoked recession worries and expectations of deeper rate cuts by the Fed. Friday's job data, coming on top of a string of weak earnings reports from large technology firms and heightened concerns over the Chinese economy, drove a global selloff in stock markets, oil and high-yielding currencies as investors sought the safety of cash....
Yen rises to 7-month highs as US slowdown fears carry over
Yen rises to 7-month highs as US slowdown fears carry over
Source: Reuters
2024-08-05 08:56:15 am
Safe-haven yen, Swiss franc soar as US slowdown fears flare The safe-haven Japanese yen and Swiss franc traded near multi-month highs against the dollar on Friday after an unexpected slump in U.S. manufacturing fuelled fears of a downturn, sending stocks and bond yields tumbling. Sterling languished at a one-month low after plunging almost 1% overnight as the Bank of England kicked off its interest-rate cutting cycle in a finely balanced decision. The euro also sagged near a one-month trough following dovish comments from the European Central Bank....
Safe-haven yen, Swiss franc soar as US slowdown fears flare
Safe-haven yen, Swiss franc soar as US slowdown fears flare
Source: Reuters
2024-08-02 08:46:49 am
Dollar bounces after Fed decision while pound slides before BoE The dollar rallied on Thursday after falling the previous day as central banks continued to roil currency markets, while sterling hit a three-week low ahead of a finely poised Bank of England decision. The dollar index, which tracks the currency against six peers, was up 0.29% at 104.35. It fell 0.4% the previous day after the Federal Reserve held rates steady but opened the door to reducing borrowing costs in September. Chris Turner, head of global markets at ING, said geopolitical ten...
Dollar bounces after Fed decision while pound slides before BoE
Dollar bounces after Fed decision while pound slides before BoE
Source: Reuters
2024-08-01 08:50:44 am
Yen braces for BOJ decision; Aussie tumbles after inflation data The yen hovered near a 2-1/2-month high on Wednesday ahead of a Bank of Japan (BOJ) policy decision in which investors expect plans to taper its huge bond-buying program and hints as to when it will raise interest rates. The Australian dollar slid to its weakest since May after core inflation surprised on the downside and lessened the risk of another rate hike. The yuan was little changed after the official purchasing managers' index (PMI) showed a third month of slowing manufacturing ...
Yen braces for BOJ decision; Aussie tumbles after inflation data
Yen braces for BOJ decision; Aussie tumbles after inflation data
Source: Reuters
2024-07-31 09:00:27 am
Asian stocks sit tight, yen firms as BOJ beckons Asian stocks clung to familiar ranges on Wednesday after contrasting results from tech bellwether Microsoft and chipmaker AMD suggested a divide in the AI landscape while the yen was firm ahead of the Bank of Japan's policy decision. Central banks dominate investor attention on Wednesday, with the decision from the Federal Reserve also due later in the day with markets expecting the U.S. central bank to stand pat on rates but indicate rate cuts are on the way. The BOJ on the other h...
Asian stocks sit tight, yen firms as BOJ beckons
Asian stocks sit tight, yen firms as BOJ beckons
Source: Reuters
2024-07-31 08:53:38 am
Dollar, yen hold tight ranges ahead of BOJ, Federeal Reserve The dollar and yen kept within close ranges on Tuesday as traders awaited a barrage of key central bank decisions, kicking off with midweek monetary policy meetings from the Bank of Japan and Federal Reserve. The Japanese currency was taking a breather from its recent rally as the BOJ began its two-day meeting on Tuesday, having surged over 2% against the dollar last week. A slew of factors have collided to help the yen strengthen from the 38-year low of 161.96 hit against the dollar at...
Dollar, yen hold tight ranges ahead of BOJ, Federeal Reserve
Dollar, yen hold tight ranges ahead of BOJ, Federeal Reserve
Source: Reuters
2024-07-30 08:46:08 am
Yen rises as Middle East tension exposes fragile sentiment The yen strengthened on Monday, reversing earlier declines, as an escalation in Middle-East tensions rignited safe-haven demand for the Japanese currency. Tel Aviv is weighing a response to a deadly rocket strike in the Israeli-occupied Golan Heights, which Israel and the United States blamed on Lebanese armed group Hezbollah. The market reaction exposes the fragility of investor sentiment following last week's swift tech share sell-off, which helped the yen rally to its strongest l...
Yen rises as Middle East tension exposes fragile sentiment
Yen rises as Middle East tension exposes fragile sentiment
Source: Reuters
2024-07-29 09:06:34 am
Yen heads for strongest week in 3 months as carry trades unwind The yen was poised for its strongest week in nearly three months on Friday as traders unwound their long-held bets against the frail currency ahead of crucial U.S. inflation data that could cement rate cut expectations. The yen has dominated the currency markets this month, surging to a near three-month high of 151.945 per dollar on Thursday after starting the month languishing at 38-year lows of 161.96 per dollar. The large move follows suspected interventions from Tokyo in early July ...
Yen heads for strongest week in 3 months as carry trades unwind
Yen heads for strongest week in 3 months as carry trades unwind
Source: Reuters
2024-07-26 09:01:59 am
Yen steady, Asian stocks weak as wild week winds down The yen stabilized near a 12-week high against the dollar on Friday while Asia-Pacific equity markets remained on the back foot a day after their worst session since mid-April. Regional stocks took their cues from Wall Street, where the S&P 500 and tech-heavy Nasdaq slipped further after Wednesday's frenetic selling. MSCI's broadest index of Asia-Pacific shares fell 0.55% on Friday, extending the 1.88% tumble from the previous day. Taiwan's stock benchmark slumped 3.3...
Yen steady, Asian stocks weak as wild week winds down
Yen steady, Asian stocks weak as wild week winds down
Source: Reuters
2024-07-26 08:54:47 am
Tech slump knocks Asia shares, yen towers at 2-1/2-month peak Asian shares were hammered on Thursday as a slump in global tech stocks sent investors fleeing into less risky assets, including short-dated bonds, the yen and Swiss franc. Chinese stocks were given little support after the country's central bank sprang a surprise cut in longer-term rates, adding to a recent rush of stimulus measures. The sell-off in stocks saw investors ramp up bets on rate cuts globally, with futures implying a 100% chance of a Federal Reserve easing in September....
Tech slump knocks Asia shares, yen towers at 2-1/2-month peak
Tech slump knocks Asia shares, yen towers at 2-1/2-month peak
Source: Reuters
2024-07-25 09:05:13 am
Yen rises sharply as carry trades unwind, risk mood sours The yen rose to its strongest level against the dollar in 2-1/2 months on Thursday and scaled multi-month highs against other currencies ahead of next week's Bank of Japan (BOJ) meeting, as yen carry trades unwound and risk appetite soured. The dollar, euro, sterling and other major currencies slumped more than 1% against the yen by the mid-morning in Asia, before paring some of those losses. Analysts attributed the yen's surge to the abandoning of short yen bets in the run up to t...
Yen rises sharply as carry trades unwind, risk mood sours
Yen rises sharply as carry trades unwind, risk mood sours
Source: Reuters
2024-07-25 08:45:01 am
Asian stocks meander after US tech earns disappoint; yen firms Asian stocks were subdued on Wednesday after lacklustre earnings from U.S. tech behemoths Tesla and Alphabet dented sentiment, while the yen hit a six-week high ahead of a central bank meeting next week where a rate hike remains on the table. The U.S. dollar was broadly firm, with traders watching out for an inflation reading on Friday and Federal Reserve meeting next week. The Bank of Japan is also due to meet next week, where a 10 basis point hike is priced at a 44% chance. [FRX/] MSC...
Asian stocks meander after US tech earns disappoint; yen firms
Asian stocks meander after US tech earns disappoint; yen firms
Source: Reuters
2024-07-24 08:51:10 am
Yen spikes as spectre of intervention spooks investors Japan's yen scaled a six-week high on Thursday, spurring speculation of an official push, while the dollar nursed broad losses as markets prepared for U.S. rate cuts in a few months. The euro, which scaled a four-month peak overnight, hovered near that level at $1.094 and sterling was steady at $1.3007, just below the one-year top it had made in overnight trade. The yen gained sharply on Wednesday and was up another 0.5% to touch 155.37 per dollar in the otherwise quiet early hours ...
Yen spikes as spectre of intervention spooks investors
Yen spikes as spectre of intervention spooks investors
Source: Reuters
2024-07-18 08:53:56 am
Yen choppy amid intervention nerves; Asia shares eye weekly gain The yen swung between losses and gains on Friday in volatile trade, reflecting investors' skittishness after Tokyo was thought to have intervened to prop up the Japanese currency in the wake of a cooler-than-expected U.S. inflation report. Moves in the yen against the dollar and other major currencies stole the spotlight on Friday, though in the broader market, Asian stocks cheered the growing bets for a September rate cut from the Federal Reserve. The dollar was last 0.05% lower at...
Yen choppy amid intervention nerves; Asia shares eye weekly gain
Yen choppy amid intervention nerves; Asia shares eye weekly gain
Source: Reuters
2024-07-12 09:08:02 am
Yen keeps markets on edge as intervention risks swirl The yen eased on Friday as investors remained nervous after a sharp surge in the previous session following data that showed U.S. consumer prices unexpectedly dropped, with speculation swirling that Tokyo had intervened in the currency market. The Japanese currency, which has been languishing around 38-year-lows, swung between gains and losses in early volatile trading in Asian hours before drifting slightly weaker. It was last down 0.19% at 159.08 per dollar. It had spiked nearly 3% to...
Yen keeps markets on edge as intervention risks swirl
Yen keeps markets on edge as intervention risks swirl
Source: Reuters
2024-07-12 08:59:25 am
Asia stocks gain on rate cut wagers, yen stays near 38-year lows Asian stocks rose on Wednesday as comments from Fed Chair Jerome Powell reinforced expectations that U.S. rate cuts were not far off, while the yen remained pinned near levels last seen in 1986, keeping traders wary of Japanese intervention. MSCI's broadest index of Asia-Pacific shares outside Japan was 0.26% higher, while Japan's Nikkei rose 0.49%, stalking the record high touched in March. The U.S. is back on a "disinflationary path", Powell said on Tuesday, although...
Asia stocks gain on rate cut wagers, yen stays near 38-year lows
Asia stocks gain on rate cut wagers, yen stays near 38-year lows
Source: Reuters
2024-07-03 08:52:19 am
Dollar on the defensive amid lower yields, yen hovers near 38-year trough The dollar remained on the back foot on Wednesday after dovish comments from Federal Reserve Chair Jerome Powell sent U.S. bond yields lower, overshadowing a strong domestic jobs report. The euro held firm, helped by a stubbornly high local inflation reading on Tuesday. Sterling was steady ahead of Thursday's U.K. election. However, the yen continued to languish close to a 38-year low versus the dollar, amid the increased possibility of a second Donald Trump presidency, which could ...
Dollar on the defensive amid lower yields, yen hovers near 38-year trough
Dollar on the defensive amid lower yields, yen hovers near 38-year trough
Source: Reuters
2024-07-03 08:40:24 am
Dollar soars near 38-year yen peak as Trump risk lifts US yields The U.S. dollar hovered near an almost 38-year high to the yen on Tuesday following a surge in Treasury yields as investors contemplated the potential for a second Donald Trump presidency. The euro remained firm as rival French political parties joined forces to try and prevent the far-right National Rally (RN) from taking power. Equities were broadly mixed in Asia, while crude oil edged higher following a strong rally in the previous session. Later in the day, U.S. Federal Reserve C...
Dollar soars near 38-year yen peak as Trump risk lifts US yields
Dollar soars near 38-year yen peak as Trump risk lifts US yields
Source: Reuters
2024-07-02 09:22:29 am
Euro rises after France's first-round vote, yen struggles The euro rose on Monday after the first round of France's snap election put the far-right in pole position, though by a smaller margin than projected, while a downgrade to Japan's first-quarter growth figures knocked the yen lower. Marine Le Pen's far-right National Rally (RN) party won the first round of France's parliamentary elections on Sunday, exit polls showed, although analysts noted the party won a smaller share of the vote than some polls had initially projected. ...
Euro rises after France's first-round vote, yen struggles
Euro rises after France's first-round vote, yen struggles
Source: Reuters
2024-07-01 09:20:14 am
Dollar barges past 161 yen and eyes quarterly rise The dollar was headed for a second straight quarterly gain and jumped to a near four-decade high on the battered yen in Asia trade on Friday, ahead of a crucial U.S. inflation reading. Neither an overnight drop in U.S. yields nor data showing solid consumer price gains in Tokyo could arrest the downward slide in Japan's currency, which sank to its weakest since 1986 at 161.155 per dollar. For the quarter it is down 6% on the dollar and for the year so far it has lost 12% - the large...
Dollar barges past 161 yen and eyes quarterly rise
Dollar barges past 161 yen and eyes quarterly rise
Source: Reuters
2024-06-28 08:51:39 am
Asia shares eye five-month winning streak; yen slumps Asian stocks are headed for a fifth straight month of gains on Friday, bolstered by the growing view that cooling U.S. inflation will allow the Federal Reserve ease rates this year. Friday is packed with risk events for markets after a relatively subdued rest of the week, as the first U.S. presidential debate between Democratic President Joe Biden and his Republican rival Donald Trump began in Atlanta ahead of the November elections. Chinese markets got off to a rough start with investo...
Asia shares eye five-month winning streak; yen slumps
Asia shares eye five-month winning streak; yen slumps
Source: Reuters
2024-06-28 08:50:04 am
Battered yen pinned near multi-decade low amid resilient dollar  The yen languished near a 38-year low on Thursday and struggled on the weaker side of 160 per dollar, keeping markets on alert for any signs of intervention from Japanese authorities to prop up the currency. In the broader market, the dollar was on the front foot and stood near an eight-week high against a basket of currencies, helped in part by a weaker yen and as it rose in step with U.S. Treasury yields. The yen edged a marginal 0.1% higher to 160.63 per dollar in the early Asi...
Battered yen pinned near multi-decade low amid resilient dollar
Battered yen pinned near multi-decade low amid resilient dollar
Source: Reuters
2024-06-27 09:12:13 am
Steady dollar sends yen to the brink of 160 The dollar was firm on Wednesday and trading on the precipice of the 160 yen barrier as investors turned cautious and counted down to the release of U.S. price data at the end of the week. A jump in Australian inflation to a six-month high sent the Aussie dollar up 0.3% to $0.6667 in otherwise subdued markets as traders started to price a 30% risk of a Reserve Bank of Australia (RBA) rate hike as soon as August. "The RBA's next board meeting on August 6th is now 'live,'...
Steady dollar sends yen to the brink of 160
Steady dollar sends yen to the brink of 160
Source: Reuters
2024-06-26 08:58:59 am
Dollar flirts with key 160 yen level as intervention risk looms The battered yen languished near the 160 per dollar level on Tuesday and kept traders on high alert for any intervention from Japanese authorities to prop up the currency, while the greenback edged a touch higher in the broader market. Bitcoin was nursing losses after clocking its worst day in over two months at the start of the week, in part due to flows out of bitcoin exchange-traded funds (ETFs), analysts said. The dollar was last 0.04% higher at 159.64 yen, just a whisker away from ...
Dollar flirts with key 160 yen level as intervention risk looms
Dollar flirts with key 160 yen level as intervention risk looms
Source: Reuters
2024-06-25 09:07:43 am
Dollar steady ahead of inflation reading; yen teeters toward 160 The dollar was steady on Monday as traders looked ahead to fresh clues on the U.S. inflation path that will likely influence interest rates, while talk from Japanese authorities did little to temper the yen's decline back the round number of 160. The yen weakened to 159.94 per dollar in early trade on Monday, its lowest since April 29, when the yen touched a 34-year low of 160.245 leading to Japanese authorities spending some 9.8 trillion yen to support the currency. It was last at ...
Dollar steady ahead of inflation reading; yen teeters toward 160
Dollar steady ahead of inflation reading; yen teeters toward 160
Source: Reuters
2024-06-24 09:12:19 am
Asian shares end the week with a whimper, yen struggles Asian shares are ending the week with a whimper after a rally to 26-month highs earlier this week drew profit-taking, while the strength in the U.S. dollar as central banks in Europe cut rates kept pressuring the yen towards the intervention zone. Overnight, the Swiss National Bank cut rates for a second time while the Bank of England opened the door to an easing in August after holding rates steady. Sterling, the Swiss franc and the euro fell, lifting the dollar broadly. MSCI's bro...
Asian shares end the week with a whimper, yen struggles
Asian shares end the week with a whimper, yen struggles
Source: Reuters
2024-06-21 08:57:13 am
Sterling steady ahead of BoE decision; dollar wobbles against yen The British pound held broadly steady on Thursday ahead of a rate decision from the Bank of England (BoE) later in the day, while the dollar was on the back foot as it awaited fresh market catalysts. Currencies were trading in tight ranges following a holiday in the United States and as investors looked not only to the BoE but also central bank decisions in Switzerland and Norway. Sterling last bought $1.2719 after having eked out a slight gain in the previous session, while the euro ro...
Sterling steady ahead of BoE decision; dollar wobbles against yen
Sterling steady ahead of BoE decision; dollar wobbles against yen
Source: Reuters
2024-06-20 08:53:02 am