Tag Archives: Yen
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.
Euro climbs following France’s first-round vote, yen falters
Key points: On Monday, the euro rose following the first round of France’s snap election, which put Marine Le Pen’s far-right National Rally (RN) party in the lead. However, the margin was smaller than initially projected. This development came as a relief to markets concerned about potential expansionary and unsustainable fiscal policies from a strongerContinue Reading
Stocks edge up, bond yields dip; inflation data ahead
Key points: Global stock indexes edged higher on Thursday, while U.S. Treasury yields dipped slightly after a series of U.S. economic reports suggested slowing momentum. Traders are eagerly awaiting Friday’s U.S. personal consumption expenditures (PCE) data, the Federal Reserve’s preferred inflation measure, which could clarify the U.S. interest rate outlook. Mixed job market signals influenceContinue Reading
Japan’s Nikkei dips on yen intervention fears
Key points: Japan’s Nikkei share average fell on Thursday, reversing much of its gains from the previous session. This drop comes as the yen’s slide past the closely watched 160 per dollar level put traders on high alert for potential intervention. The Nikkei closed down 0.82% at 39,341.54. Tech shares drag down Topix after U.S.Continue Reading
Japanese yen nears 38-year low as markets eye intervention and US inflation data
Key points: This article is a follow-up to: JPY plummets with silence on rate hike timeline from the BoJ The Japanese yen remained near a 38-year low against the US dollar, trading just below 160.88, its weakest level since 1986. The decline of the Japanese yen, about 12% for the year, highlights the widening interestContinue Reading
Aussie surges as interest rate outlooks diverge
Key points: The Australian dollar experienced gains this week, buoyed by contrasting interest rate outlooks across major economies. As the Swiss National Bank and the Bank of England leaned towards more dovish policies, the Australian market showed resilience, hinting at a possible rate hike. This divergence has pushed the Australian dollar to impressive heights, reflectingContinue Reading
Sterling holds steady ahead of BoE decision; Dollar falters against yen
Key points: The British pound held broadly steady on Thursday as the market awaited the Bank of England’s (BoE) rate decision. The dollar, meanwhile, faced mixed movements against major currencies as it awaited fresh market catalysts. The pound traded at $1.2719, having eked out a slight gain in the previous session. The euro rose 0.03%Continue Reading
Japanese yen plummets as silence on rate hike timeline from the Bank of Japan disappoints
Key points: This article is a follow-up to: Yen cautious before BOJ meeting The USD/JPY pair saw a sharp increase following the decision from the Bank of Japan (BoJ) to keep its interest rates unchanged. This decision led to the Japanese yen plummeting against the US dollar, with the greenback gaining approximately 1%, moving fromContinue Reading
Yen cautious before BOJ meeting; Euro falters with weekly loss in sight
Key points: On Friday, the yen was on the defensive as traders awaited the Bank of Japan’s policy decision, while the euro was headed for a weekly loss due to political turmoil in France. The dollar gained strength against both currencies, buoyed by safe-haven bids and eurozone political uncertainties. Yen anticipates BOJ decision Picture: JapaneseContinue Reading
