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All articles tagged with #yen

Dollar slips near two-week low as Fed bets fade and yen stays pressured
markets5 days ago

Dollar slips near two-week low as Fed bets fade and yen stays pressured

The U.S. dollar hovered near a two-week low as investors pared back bets on a Federal Reserve rate hike this year, while the yen remained near a 40-year trough amid ongoing intervention concerns. The dollar index was around 100.9, with EUR about $1.1435 and GBP near $1.335, and USD/JPY around 161.6. Analysts say intervention risk could spark volatility but is unlikely to reverse the broader trend, as markets await Fed minutes for clearer policy signals and monitor yen dynamics.

via CNBC|
#dollar#fed#forex
Yen sinks to 40-year low, sparking intervention chatter and market ripples
markets9 days ago

Yen sinks to 40-year low, sparking intervention chatter and market ripples

The Japanese yen dropped to its weakest level in about four decades against the U.S. dollar as traders bet the Fed will keep rates high amid an oil-price shock from the US-Israel-Iran conflict. The Bank of Japan’s still-lower rates help explain the gap, and Tokyo has intervened before, though the yen’s slide continues. A larger move could affect U.S. Treasuries, currency flows, and carry trades, with implications for Japan’s import costs and broader global markets.

via CNN|
#boj#carry-trade#dollar
Yen sinks to four-decade low as Fed hawkishness widens the gap with BoJ
business11 days ago

Yen sinks to four-decade low as Fed hawkishness widens the gap with BoJ

The Japanese yen hit a 40-year low by slipping past ¥162 per dollar, pressured by the Federal Reserve’s hawkish stance and a lagging BoJ, with Tokyo signaling readiness to intervene. Analysts warn FX intervention may be difficult, even as Japan plans a large fiscal stimulus and the Nikkei climbs, contributing to ongoing yen weakness and cautious market expectations.

via Financial Times|
#bank-of-japan#business#federal-reserve
BoJ ties yen moves to higher inflation risk, signaling possible faster rate hikes
economy21 days ago

BoJ ties yen moves to higher inflation risk, signaling possible faster rate hikes

BoJ Deputy Governor Himino said the bank will continue raising rates with pace guided by the evolving baseline and risks; underlying inflation is nearing 2% but faces upside risk, and yen depreciation now has a larger inflation impact due to changes in corporate behavior, giving the BoJ room to accelerate hikes if FX weakness persists while stressing that policy does not target exchange rates; markets watched USD/JPY spike toward 161.8 before reversing.

via investingLive|
#boj#economy#fx
Yen slides toward 1980s lows as Tokyo signals decisive action
business-markets22 days ago

Yen slides toward 1980s lows as Tokyo signals decisive action

The yen weakened toward four-decade lows, trading around ¥161 per dollar and briefly hitting ¥161.80 in New York before trimming losses to about ¥161.3–¥161.4 in Tokyo. Finance Minister Satsuki Katayama warned that decisive action could come if the slide continues, echoing prior intervention that cost the government roughly ¥11.7 trillion. The Bank of Japan raised rates to 1% for the first time since 1995, but the yen’s weakness persisted amid expectations for further BOJ moves and strong US rate-cut pressure.

via The Japan Times|
#boj#business-markets#forex
Asia markets wobble as Iran deal scrutiny weighs sentiment
markets22 days ago

Asia markets wobble as Iran deal scrutiny weighs sentiment

Asia-Pacific stocks fell as investors weighed the durability of the U.S.–Iran interim deal, with Japan’s Nikkei down about 0.6% and Korea’s Kospi around -1.6% while the Kosdaq slid nearly 5%; U.S. futures were lower ahead of a holiday weekend after U.S. shares closed higher on rate-hike expectations. The yen weakened past 161 per dollar, oil prices drifted lower on demand outlook, and Indian IT names slid up to about 7% after Accenture cut its revenue forecast.

via CNBC|
#asia-markets#iran-deal#markets
BOJ hikes rates to 1%, signaling a return to normal policy after 31 years
business24 days ago

BOJ hikes rates to 1%, signaling a return to normal policy after 31 years

Japan’s central bank lifted its key policy rate to 1% from 0.75%, the highest level since 1995, as inflation pressures from higher energy prices persist. While headline inflation remains below the 2% target (about 1.4% in April) and wholesale prices rose more than 6% in May, rising inflation expectations have the BOJ moving toward a more normal monetary stance. The move, the second rate hike since December, also aims to stabilise the yen, though higher borrowing costs will weigh on the government and businesses. Governor Kazuo Ueda missed the meeting due to illness, but officials have grown more comfortable with tightening, amid a backdrop of higher rates in the US, UK, and other economies suggesting a global policy realignment.

via BBC|
#bank-of-japan#business#inflation
Japan's May exports jump at fastest pace in over three years on chips and cars
economy24 days ago

Japan's May exports jump at fastest pace in over three years on chips and cars

Japan's May exports rose 17% year-on-year—the fastest since November 2022—driven by a 61.2% surge in semiconductor shipments and a 16.4% jump in car exports, with volumes barely higher, indicating price and weak-yen effects. Imports rose 12.5% YoY, while energy imports fell, and the data comes as the Bank of Japan raised rates to 1% amid inflation and a softer global outlook.

via CNBC|
#cars#economy#exports
BOJ lifts policy rate to 1%, first since 1995, signaling normalization
business25 days ago

BOJ lifts policy rate to 1%, first since 1995, signaling normalization

The Bank of Japan raised its policy rate to 1% in a 7-1 vote—the highest level since 1995—as part of a gradual policy normalization. The move comes amid a weak yen and inflation creeping higher, with the Nikkei advancing and the yen firming modestly as 10-year JGB yields rose. The BoJ will continue tapering its government-bond purchases and maintain large JGB purchases through 2027. Core inflation remains below 2% for now, though producer prices have surged due to energy costs.

via CNBC|
#bank-of-japan#business#inflation