Tag Archives: Yen
Dollar and yen remain steady as markets await BOJ and Fed decisions
The Japanese yen took a breather from its recent rally as the BOJ began its two-day meeting on Tuesday. Last week, the yen surged over 2% against the dollar.
Yen poised for best weekly gain in three months as carry trades unravel
The yen (USDJPY) dominated currency markets this month, climbing to a near three-month high of 151.945 per dollar on Thursday. This is a major shift from its 38-year low of 161.96 per dollar at the start of the month. By Friday, the yen was at 153.66, set for a 2.5% rise for the week.
Yen climbs as investors pull back from risky trades
Key points On Thursday, the yen experienced a rise, drawing support from the unwinding of carry trades ahead of the Bank of Japan’s (BOJ) policy meeting next week. This comes as a rotation out of megacap growth stocks dampened risk appetite broadly, providing safe haven bids for the Japanese currency. Yen surges amid BOJ rateContinue Reading
Japan’s Nikkei hits one-month low with mixed US tech earnings and a yen rally
Japan’s Nikkei share average dropped for a sixth consecutive session on Wednesday, closing at a one-month low of 39,154.85, down 1.11%. This marked its longest losing streak since October 2021. The broader Topix index also slid 1.42% to 2,793.12.
Yen soars, investors spooked by intervention fears
Japan’s yen surged to a six-week high on Thursday, sparking rumours of official intervention. Learn how the dollar experienced broad losses as markets anticipate U.S. rate cuts in the near future.
Japan likely conducting intervention to defend the yen
Key Points: This article is a follow up to: Yen fluctuates with intervention talks Japan appears to have intervened in the foreign exchange market to defend the yen on Friday, according to calculations based on data from the Bank of Japan (BoJ) and private money brokers. The daily projection of BoJ released on Tuesday indicatedContinue Reading
Australian and NZ dollars rise against the yen but fall against the dollar
Key points The Australian dollar climbed 0.2% to 106.98 yen, marking a rebound after four consecutive sessions of declines. This recovery came after suspected intervention from Tokyo last week, which disrupted the popular carry trade, where investors borrow in a low-interest currency like the yen to invest in higher-yielding assets. The intervention saw the AussieContinue Reading
Aussie strengthens against the Kiwi and Yen amidst diverging rate outlooks
The Australian dollar (AUDUSD) stood strong at NZ$1.1080, close to a 20-month high of $1.1017 reached on Wednesday. This strength followed the Reserve Bank of New Zealand’s (RBNZ) unexpected signal of potential rate cuts.
Dollar weakens after soft data, Yen still struggling
The dollar faced pressure on Thursday following U.S. economic data that indicated slowing growth. Despite this, the yen remained weak, pinned near a 38-year low, prompting concerns about possible government intervention.
Japanese authorities signal potential intervention in the face of weak yen
The US dollar dipped after inflation data signaled potential Fed rate cuts. Key economic reports next week, including nonfarm payrolls, will guide market expectations.