Japanese Yen remains stronger due to hawkish mood surrounding the BoJ, US data eyed – FXStreet
The Japanese yen strengthened as further interest rate hikes by the Bank of Japan became more likely. The yen could face challenges due to political uncertainty, with Prime Minister Fumio Kishida not seeking re-election in September. The US dollar is facing pressure from falling Treasury yields and growing expectations of a Fed rate cut. The […]
Japanese Yen depreciates as US Dollar gains ground due to higher Treasury yields – FXStreet
The Japanese yen pared its intraday gains despite the hawkish outlook for the Bank of Japan. Japan’s parliament is due to hold a special session to discuss the Bank of Japan’s interest rate hike last month. Weak U.S. Producer Price Index (PPI) data has reduced the chances of a significant Fed rate cut in September. […]
Dollar dips as yen heads for first weekly drop in six By Reuters – Investing.com
By Hannah Lang NEW YORK (Reuters) – The dollar retreated from a one-week high against major currencies on Friday, capping several turbulent days as traders digested falling U.S. jobless claims and the prospect of a looming economic recession. The US dollar fell against the Japanese yen after three days of rebounding after Thursday’s better-than-expected jobs […]
Dollar, yen hold tight ranges ahead of BOJ, Fed By Reuters – Investing.com
Bridget Riley TOKYO (Reuters) – The dollar and yen traded within a narrow range on Tuesday as traders awaited a string of major central bank decisions, starting with midweek monetary policy meetings by the Bank of Japan and the U.S. Federal Reserve. The Japanese yen, which surged more than 2 percent against the dollar last […]
Dollar steadies as Sept rate cut back in focus, yen wobbles By Reuters – Investing.com
Ankur Banerjee SINGAPORE (Reuters) – The dollar edged up from a five-week low on Tuesday as investors weighed the possibility of a September interest rate cut following comments from Federal Reserve Chairman Jerome Powell and pondered the growing chances of former U.S. President Donald Trump being re-elected. The Japanese yen came under pressure again as […]
Asian Tech Stocks Drop as Yen Whipsaws After Rally: Markets Wrap – Yahoo Finance
(Bloomberg) — Asian tech stocks fell on Friday, echoing Wall Street’s declines, while the yen was shaky, as slowing U.S. inflation prompted investors to pull out of big tech companies. Most read articles on Bloomberg On Thursday, the Nasdaq 100 Index fell 2.2% after slowing inflation data that supports a rate cut, while an index […]
How Japan’s newest yen note came from the Nepali mountains – CNN
Tokyo CNN — Banks across Japan on Wednesday began refilling ATMs with shiny new yen notes from an unlikely source: the bright yellow-flowering paperbush shrub that grows in the rugged Himalayan mountains of Nepal. Before finding its way into the wallets of Japanese consumers, yen notes undergo a long and complicated journey involving months of […]
Asia FX muted as dollar firms before PCE data; yen on intervention watch By Investing.com – Investing.com
Investing.com — Most Asian currencies traded in narrow ranges on Friday as the dollar hovered near a two-month high ahead of the release of a key inflation reading that is likely to influence the Federal Reserve’s interest rate outlook. The dollar’s strength pushed the Japanese yen further below the level at which traders had initially […]
Asian Currencies in Focus as Japan Warns on Yen: Markets Wrap – Yahoo Finance
(Bloomberg) — An index of Asian currencies fell for a third straight session to kick off a week that includes inflation data that may offer insight into the outlook for global interest rates, while the yen steadied after Japan’s top currency policymaker doubled down on intervention. Most read articles on Bloomberg Regional indexes also fell, […]
Japanese yen stays in focus as inflation data slows further in May – ForexLive
It was bound to be a race against time for the Bank of Japan in the first half of the year, and today’s inflation data reaffirms that view, with prices creeping ever closer to the crucial 2% mark. Where is the inflation? Japan Consumer Price Index (excluding fresh food and energy) Year-on-year change (%) The […]