US Dollar vs Japanese Yen Technical Analysis The US dollar rallied somewhat significantly during the early hours on Wednesday as we continue to see traders look at the interest rate differential as a reason to get involved to the upside. In general, I think this is a situation where you have a lot of noise, […]
Tag: Yen
Asian Stocks Climb, Yen Rallies Off Historic Lows: Markets Wrap
(Bloomberg) — Stocks in Asia rose Thursday after US shares touched a fresh peak as economic data supported the case for Federal Reserve rate cuts. Most Read from Bloomberg A gauge for equities in the region gained for a fifth straight session as Japan’s Topix hit a record intraday high and shares in South Korea […]
How Japan’s newest yen note came from the Nepali mountains
Banks across Japan began stocking their ATMs on Wednesday with shiny new yen notes sourced from an unlikely location – vibrant yellow flowering paperbush shrubs that grow on craggy Himalayan mountains in Nepal. Before entering the wallets of Japanese consumers, the yen notes had a long, complex journey involving months of labor and transport by […]
More American tourists head to Japan as battered yen beckons
By Aishwarya Jain (Reuters) -American tourists headed for Japan have surged this year, lured by a slump in the value of the yen, which is also driving a massive jump in foreign investor interest in the country’s lodgings market. The number of Americans arriving in Japan by air crossed more than 900,000 in the first […]
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 […]
USD/JPY Weekly Price Forecast – US Dollar Continues to Punish The Yen With Another Positive Week
US Dollar vs Japanese Yen Weekly Technical Analysis The US dollar initially pulled back just a bit against the Japanese yen, but then since has broken above the 160 yen level. The 160 yen level of course is a large round psychologically significant figure and an area that I think a lot of people are […]
Dollar barges past 161 yen and eyes quarterly rise
By Tom Westbrook SINGAPORE (Reuters) – The dollar was headed for a second straight quarterly gain and jumped to a near four-decade high on the battered yen in Asia trade on Friday, ahead of a crucial U.S. inflation reading. Neither an overnight drop in U.S. yields nor data showing solid consumer price gains in Tokyo […]
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 […]
Japan authorities on high alert against rapid yen decline, says top currency diplomat
By Makiko Yamazaki and Satoshi Sugiyama TOKYO (Reuters) -Japanese authorities were “seriously concerned and on high alert” about the yen’s rapid decline, said the country’s top currency diplomat Masato Kanda, escalating warnings as the currency languished at its weakest level in almost 40 years. “It is generally accepted that the current weakness in the yen […]
USD/JPY Forecast – US Dollar Pulls Back Against Yen
US Dollar vs Japanese Yen Technical Analysis The U.S. Dollar has pulled back just a bit during the trading session on Tuesday, but it looks at this point in time that we have been seeing a little bit of support come back in. That makes quite a bit of sense, considering that the interest rate […]
Dollar flirts with key 160 yen level as intervention risk looms
By Rae Wee SINGAPORE (Reuters) – The battered yen languished near the 160 per dollar level on Tuesday and kept traders on high alert for any intervention from Japanese authorities to prop up the currency, while the greenback edged a touch higher in the broader market. Bitcoin was nursing losses after clocking its worst day […]
Asian markets track weak US lead, eyes on yen
Traders are keeping a close eye on the yen as it approaches the 34-year low against the dollar that saw officials step in to currency markets earlier in the year (Richard A. Brooks) Asian markets extended last week’s poor run with more losses Monday, following on from another tepid lead from Wall Street as profit-taking […]