Japanese phenom pitcher Roki Sasaki picks Dodgers
The current World Series champion Los Angeles Dodgers are about to significantly strengthen their pitching rotation. On Friday, coveted Japanese pitcher Aki Sasaki announced that he will be playing for the Dodgers. The 23-year-old revealed on Instagram that he has signed a minor league contract with the organization. Saski's Japanese team, the Chiba Lotte Marines, […]
Japanese Yen rallies after BoJ Governor Ueda's remarks; USD/JPY slides below mid-157.00s – FXStreet
The Japanese yen is attracting new buyers in response to Bank of Japan Governor Ueda's hawkish comments. However, investors remain uncertain about the timing of the Bank of Japan's next interest rate hike. The risk-on mood and the recent widening of the Japan-U.S. yield gap may limit the yen's appreciation. Following Bank of Japan Governor […]
Japanese Yen drifts lower amid BoJ uncertainty; USD/JPY rebounds from one-week low – FXStreet
The Japanese yen attracted new sellers on Tuesday as expectations for a Bank of Japan rate hike wavered. As concerns about President Trump's tariff plans ease, risk sentiment increases and the yen weakens. The rise in US bond yields due to the Fed's hawkish stance supports USD bulls and supports USD/JPY. The Japanese Yen (JPY) […]
Japanese Yakuza mob boss pleads guilty to nuclear materials trafficking scheme
A man who runs a notorious Japanese organized crime syndicate pleaded guilty last week to conspiring to smuggle nuclear material to Iran and American weapons abandoned in Afghanistan to Burma, according to federal prosecutors. Japan's alleged Yakuza leader Takeshi Ebisawa, 60, was found guilty Wednesday in federal court in Manhattan of conspiring with a network […]
U.S. Steel, Japanese Corp. File Lawsuits After Foreign Acquisition Is Blocked
U.S. Steel filed two joint lawsuits with Nippon Steel after President Joe Biden blocked the Japanese company's takeover of the iconic American company. lawsuit target In addition to the Biden administration, which blocked the deal, the United Steelworkers (USW) and Ohio-based Cleveland-Cliffs also claim that U.S. Steel and Nippon Steel illegally coordinated to block the […]
Japanese Yen remains close to multi-month low against US Dollar – FXStreet
The Japanese yen continues to fall due to fluctuations in expectations for the Bank of Japan's interest rate hike. au Jibun Bank Service PMI was revised downward to 50.9 from 51.4 in December. Amid the Fed's hawkish stance, the US dollar is near a two-year high, supporting USD/JPY. The Japanese yen (JPY) attracted new sellers […]
In Victory for Trump, Japanese Company Blocked from Buying U.S. Steel
President Joe Biden has blocked the acquisition of the U.S. Steel Corporation by Japan's Nippon Steel. It was a victory for President-elect Donald Trump, who had vowed to take action himself if President Biden did not take over. On Friday, Biden announced He would use the Defense Production Act of 1950 to block Nippon Steel's […]
Brown hails Biden decision to block Japanese takeover of US Steel
Outgoing Sen. Sherrod Brown (D-Ohio) on Friday praised President Biden's decision to block Japan's Nippon Steel Corp.'s acquisition of U.S. Steel, a deal worth $14 billion. “This deal was done behind closed doors, with no workers at the table, and it represented a clear threat to America's national and economic security and ability to enforce […]
Biden to block US Steel sale to Japanese buyer: report
U.S. President Joe Biden is poised to formally block Nippon Steel's proposed $14.9 billion takeover of U.S. Steel, officials said Friday, dealing a perhaps fatal blow to the controversial merger plan. The Committee on Foreign Investment in the United States (CFIUS) spent months reviewing the deal, taking national security risks into account, but after failing […]
Japanese Yen receives support from odds of BoJ raising rates following Tokyo CPI – FXStreet
The Japanese yen rose as traders predicted the Bank of Japan would raise interest rates in January. Japan's Jibun Bank manufacturing PMI reached 49.6 in December, exceeding the forecast of 49.5 and the previous estimate of 49.0. The dollar remains weak, with 2-year and 10-year Treasuries trading at 4.32% and 4.62%, respectively, as U.S. Treasury […]