Currencies

Meiji Yasuda to increase foreign bond, equity investments

TOKYO (Dow Jones) --Meiji Yasuda Life Insurance Co. plans to increase investments foreign bonds and equity funds in the fiscal year that started in April, an investment officer with the firm said. Because insurers must secure enough returns to fulf...

  • Big life insurers assume weaker yen under investment plans

    TOKYO (Dow Jones) -- This fiscal year's investment plans by Japanese life insurance firms give an impression of a "conservative approach as usual" but projected foreign exchange rates by some of them shows how they are painting a picture of a stronge...

  • Improving Indonesian economy sends rupiah higher

    TOKYO -- The Indonesian rupiah is moving higher against the dollar, thanks to improvements in the country's economic health. The rupiah fell slightly against the dollar last week, but it remains at the 11,400 level, up about 6% from the beginning of ...

  • China walks tightrope over exchange rate to fend off US wrath

    TOKYO -- Caught between an urge to weaken its currency and the desire to avoid being labeled a currency manipulator by Washington, the Chinese government is hoping to influence market expectations through a series of small monetary-easing steps. ...

  • Dollar edges down to 102 yen line, capped by Yellen's remark

    TOKYO (Kyodo) -- The U.S. dollar edged down to around the 102 yen line on Thursday in Tokyo with its upside capped by U.S. Federal Reserve Chair Janet Yellen's dovish remarks overnight. At 5 p.m., the dollar fetched 102.02-04 yen compared with 10...

  • 'Fragile Five' currencies rally on waning US interest rate fears

    TOKYO -- Emerging-market currencies are rebounding as concerns subside regarding U.S. monetary tightening in the near term. Currencies of the so-called Fragile Five nations -- Turkey, South Africa, India, Brazil and Indonesia, had fallen prey to ...

  • South Korean won near 6-year high on current-account surplus

    TOKYO -- The South Korean won is surging on an increase in the country's current-account surplus, briefly hitting 1,031 against the dollar last Thursday to mark its highest level since August 2008. Though the won has been rising since the start o...

  • New Zealand dollar firm after rate hike

    TOKYO -- New Zealand dollars continue to trade at consistent levels after interest rate hike. Profit-taking sales last week weakened the currency, but it is nearly 4% higher than its level at the start of the year. The currency currently trades a...

  • Rupiah advances as signs of recovery, election hopes boost sentiment

    JAKARTA -- Positive economic indicators and growing optimism that a July presidential election will usher in a new leader recently helped to push the rupiah to its biggest quarterly gain in five years. On Tuesday, the currency received an additional ...

  • Japan Inc. expects weakest yen in 5 years in fiscal 2014

    TOKYO -- Large Japanese companies appear less concerned that the yen will strengthen against the dollar in the coming year, a survey of their assumed exchange rates for fiscal 2014 shows. Big manufacturers see the yen trending to a roughly five-y...

  • Thawing US economy likely to jolt yen out of winter slumber

    TOKYO -- The Japanese currency has remained calm since February, settling into a narrow range against the dollar. But there is a growing view among currency traders that a U.S. economic recovery will bring action back to the market this spring. M...

  • Thai currency remains at mercy of politics

    BANGKOK -- Thailand's baht continues to move erratically on the foreign exchange market, swayed by the political turmoil that has gripped the country for about five months. Selling of emerging nations' currencies -- stemming from the U.S. Federal...

  • Dollar in lower 103 yen zone as traders await U.S. data, Fed hints

    TOKYO (Kyodo) -- The U.S. dollar moved in a narrow range in the lower 103 yen zone on Tuesday in Tokyo, as traders looked ahead to a series of U.S. economic indicators for clues to the Federal Reserve's next monetary policy tack. At 5 p.m., the d...

  • Rupee hits 8-month high as foreigners snap up Indian stocks

    SINGAPORE -- The greenback briefly fell to 59.68 Indian rupees Monday, the first time in eight months that the dollar fell below the 60 rupee level. Foreign investors are buying Indian stocks at a faster pace, and the inflow of money is pushing up th...

  • Yen bears unfazed by currency's recent strength

    TOKYO -- The yen has regained some of its strength against the dollar since the beginning of the year, dashing expectations for continued depreciation. Nevertheless, the bearish crowd is not ready to change its tune. The yen was hovering at aroun...

  • How to win friends and influence an economy -- Kuroda style

    TOKYO -- What a difference a year makes. When Haruhiko Kuroda became governor of the Bank of Japan last March, many inside and outside the institution predicted turbulent times. Some saw the new chief -- a longtime critic of the bank -- as a mercenar...

  • Dollar falls to upper 101 yen in morning on Ukraine sanctions talk

    TOKYO (Kyodo) -- The U.S. dollar fell to the upper 101 yen range in Tokyo on Thursday morning, carrying over its moderate fall overnight on fears of an escalation of sanctions over the crisis in Ukraine. At noon, the dollar fetched 101.86-93 yen ...

  • Dollar trades just below 102 yen in early Tokyo deal

    TOKYO (Kyodo) -- The U.S. dollar traded just below the 102 yen line early Thursday morning in Tokyo, slightly down from its overnight level in New York. At 9 a.m., the dollar fetched 101.91-92 yen compared with 102.00-10 yen in New York and 102.2...

  • Turkish lira atrophies as Erdogan loses big-city support

    Turkey's currency is weakening because the country's hazy political future is making investors nervous.

  • Dollar trades in mid-102 yen zone ahead of G-7 summit

    TOKYO (Kyodo) -- The U.S. dollar traded in the mid-102 yen zone Monday in Tokyo, with its upside capped as market participants awaited the result of a Group of Seven summit on possible additional economic sanctions against Russia over its annexation ...