Tag: 38year

Dollar soars near 38-year yen peak as Trump risk lifts US yields

By Kevin Buckland TOKYO (Reuters) – The U.S. dollar hovered near an almost 38-year high to the yen on Tuesday following a surge in Treasury yields as investors contemplated the potential for a second Donald Trump presidency. The euro remained firm as rival French political parties joined forces to try and prevent the far-right National […]

Yen gains after hitting 38-year low, traders on intervention watch

Japan’s top currency official Masato Kanda has said authorities are ready to step into forex markets to support the yen (Stefani Reynolds) The yen edged back slightly Thursday after hitting a 38-year low against the dollar, putting investors on alert for a possible intervention by Japanese authorities, while investors awaited US inflation data that could […]