USD/JPY
Correction in the dollar-yen was overdue and may be ‘healthy’ for markets, former ECB chief says
The recent rapid strengthening of the Japanese yen can be seen as an overdue and healthy correction — and it’s not time to panic about the wider market impact, the former head of the European Central Bank said Tuesday. A combination of Japanese monetary policy turning hawkish, geopolitical tensions in the Middle East and disappointing […]
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UBS says ‘going into Japan now is like catching a falling knife,’ warns stock sell-off will continue
Going into the Japanese market at this moment is akin to catching “a falling knife,” Kelvin Tay, regional chief investment officer at UBS Global Wealth Management, told CNBC’s “Squawk Box Asia.” His comments come as the Nikkei 225 and the Topix extended their declines, falling past 7% on the day, and hovering close to bear market territory. […]
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The end of the ‘carry trade’? How Japan’s yen could be ripping through U.S. stocks
A man walks past an electronic quotation board displaying the exchange rate for the Japanese yen against the US dollar in Tokyo on August 2, 2024 Kazuhiro Nogi | Afp | Getty Images The key driver of global markets is the yen exchange rate, according to one financial historian, who warned the trend should concern […]
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Japan’s new currency diplomat keeps intervention on table to stabilize yen
An employee counts Japanese yen notes in Tokyo, Japan. Tomohiro Ohsumi | Getty Images Japan will retain its basic approach on the yen with intervention remaining an option to tackle excessively volatile moves in the exchange rate, the country’s new top currency diplomat Atsushi Mimura told Reuters. “Japan will act under internationally agreed commitments that exchange rates should be determined by markets, but that […]
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Japan’s Nikkei drops 3% as Asia-Pacific markets slide, tracking Wall Street sell-off
In a photo taken on November 4, 2019 a subway train crosses a rail bridge over the Han river, before the skyline of the Yeouido business district of Seoul. Ed Jones | Afp | Getty Images Japan’s Nikkei 225 extended its six-day losing streak to plunge 3%, leading losses among Asian indexes as the region […]
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Asia-Pacific markets climb, tracking gains on Wall Street; yen intervention suspected
Cherry trees in bloom near the Nippon Budokan in Tokyo, Japan, on Sunday, April 7, 2024. Bloomberg | Bloomberg | Getty Images Asia-Pacific markets rose on Wednesday after the Dow Jones Industrial Average and the S&P 500 closed at record highs overnight as traders become increasingly bullish on interest rate cuts. Japan’s Nikkei 225 rose […]
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Japan information implies feasible yen intervention of around $22 billion
A gentleman walks previous an electronic board demonstrating the amount of the Japanese yen vs . the US greenback along a avenue in Tokyo on February 14, 2024. Kazuhiro Nogi | Afp | Getty Illustrations or photos A refreshing current market projection by the Bank of Japan on Friday hints at a feasible intervention of […]
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Europe marketplaces achieve 1-thirty day period large Ericsson soars 8%
Skyscrapers in the La Defense business and money district in Paris, France, on Monday, June 3, 2024. Bloomberg | Bloomberg | Getty Illustrations or photos LONDON — European shares commenced the day in the eco-friendly Friday, defying a broader selloff, with new U.S. inflation info established to land. The regional Stoxx 600 index was up […]
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Japanese yen weakens to new 38-yr lows, crosses 161 towards the U.S. dollar
New Japanese 1000 Yen banknote on exhibit inside of the Forex Museum of the Financial institution of Japan’s Institute for Monetary and Economic Studies. The new banknotes will start off circulate from July 3, 2024. Sopa Images | Lightrocket | Getty Illustrations or photos The Japanese yen weakened to clean 38-calendar year lows on Friday, […]
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Japanese yen hits weakest stage from dollar due to the fact 1986, reigniting intervention speculation
Sheets of freshly-created Japanese 10,000 yen banknotes move via a machine at the Countrywide Printing Bureau Tokyo plant in Tokyo, Japan, on Wednesday, June 19, 2024. Persistent weak spot in the yen is elevating worries about the opportunity for a resurgence in price tag-press inflation, very likely weighing on non-public intake. Bloomberg | Bloomberg | […]
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