Yen strengthens past ¥140 against dollar ahead of rate decisions
WEB3 days ago · The yen has risen 13.5% ... The Japanese currency has risen 13.5 per cent against the dollar since mid-July as investors expect the Federal Reserve to begin cutting interest rates from a 23-year ...
Yen Jumps After Bank of Japan Lifts Rates - The Wall Street Journal
WEBJul 31, 2024 · The yen surged, after the Bank of Japan raised interest rates, signaled further policy tightening is likely, and and cited concerns about the historically weak currency.
Hot Spots From Yen Carry Trade to Resurgent EM Asia Gird for Fed
WEB2 days ago · A potential decision by the Federal Reserve this week that triggers a rally in the yen may unsettle emerging-market investors, reviving memories of the global volatility seen in August. Last month ...
Stock Traders ‘Sell the News’ After Fed Goes Big: Markets Wrap
WEB2 days ago · A 50 bps cut to start the rate cut cycle is significant because historically, the Fed was playing catch up at the start of rate cut cycles. The message here is that the Fed’s got the labor ...
Yen Climbs 1% Versus Dollar as US Data Supports Bets on Fed Cuts
WEBSep 4, 2024 · (Bloomberg) -- The yen surged more than 1% against the dollar Wednesday as fresh signs of a cooling US labor market bolstered the case for the Federal Reserve to cut interest rates more ...
Yen drifts lower from 2-1/2-month peak vs dollar as markets …
WEBNEW YORK, July 25 (Reuters) - The yen edged lower from a 2-1/2-month high against the U.S. dollar on Thursday, as financial markets stabilized, with investors looking ahead to next week's Bank of...
Bank of Japan raises its key interest rate, aiming to curb yen's slide ...
WEBJul 31, 2024 · TOKYO (AP) — The Bank of Japan raised its key interest rate Wednesday to about 0.25% from a range of zero to about 0.1%, acting to curb the yen’s slide against the U.S. dollar. The move was widely expected, and the yen gained sharply against the dollar ahead of and after Wednesday’s decision, trading below 152 yen.
Japan confirms $36.8 billion yen intervention as BOJ hikes rates
WEBJul 31, 2024 · Japanese authorities spent 5.53 trillion yen, or $36.8 billion, to shore up the yen in July, official data published Wednesday showed. The amount was roughly in line …
Yen rebound signals Japanese government intervention, traders say
WEBApr 29, 2024 · The yen has lost around 10 per cent of its value against the dollar since the start of the year, hit by the prospect that the US Federal Reserve may need to keep borrowing costs higher for...
Japan Likely Spent About $23 Billion in Latest Yen Intervention
WEBMay 2, 2024 · Japan likely conducted its second currency intervention this week, current account figures from the central bank suggest, in another sign of the government’s intensified battle to prop up the...