Currencies

Embers of US-Japan currency dispute still burn

ISE-SHIMA, Japan -- U.S. President Barack Obama reiterated Washington's position against currency manipulation at the Ise-Shima Group of Seven summit, which wrapped up Friday, maintaining a wide gulf with Tokyo's desire to find a solution to the risi...

  • Why China's investors aren't sweating the yuan's latest slide

    HONG KONG -- China's stock market retained its composure Wednesday after the central bank set the weakest reference rate for the yuan in more than five years -- a marked contrast with the panic that accompanied the currency's depreciation early this ...

  • China fixes yuan at weakest level vs dollar in more than 5 years

    BEIJING (Dow Jones) -- The People's Bank of China set its daily yuan-fixing at the weakest level against the U.S. dollar in more than five years Wednesday.The so-called yuan fix was set at 6.5693, the weakest level against the greenback since March 2...

  • Hong Kong bourse to roll out yuan futures

    HONG KONG -- Hong Kong Exchanges & Clearing is set to launch four yuan-related currency futures on May 30, providing additional risk-management options for traders.The cash-settled futures will track the yuan's movement against the U.S. dollar, euro,...

  • Dollar edges up to mid-109 yen, topside capped by risk aversion

    TOKYO (Kyodo) -- The U.S. dollar edged up to the mid-109 yen range on Tuesday in Tokyo but its topside was heavy amid risk aversion following weak global stocks and falling oil prices.At 5 p.m., the dollar fetched 109.53-54 yen compared with 109.19-2...

  • Speculators eye 113 zone for softening yen

    TOKYO -- Speculation that the yen will continue weakening against the dollar is growing in the foreign exchange market here, with the big question being whether the Japanese currency will soften beyond the 113 level.The sellers are overseas speculati...

  • Dollar retreats to upper 109 yen on Japanese stock plunge

    TOKYO (Kyodo) -- The U.S. dollar dropped to the upper 109 yen range Monday morning in Tokyo as a plunge in Japanese stocks prompted traders to seek the perceived safety of the yen.At noon, the dollar fetched 109.80-81 yen compared with 110.17-27 yen ...

  • Dollar falls vs yen after Japan logs larger-than-expected trade surplus

    TOKYO/SYDNEY (Reuters) -- The dollar fell versus the yen on Monday, dragged lower by sliding Tokyo stocks and data showing Japan logged a much larger-than-expected trade surplus in April.The greenback was down 0.5 percent at 109.720 yen, pulling back...

  • Dollar stays in lower 110 yen zone in early Tokyo deals

    TOKYO (Kyodo)--The U.S. dollar traded in the lower 110 yen zone early Monday in Tokyo, down slightly from its levels late last week in New York.At 9 a.m., the dollar fetched 110.05-06 yen compared with 110.17-27 yen in New York and 110.27-29 yen in T...

  • US warns against currency devaluations in talks with Aso

    SENDAI, Japan -- (Kyodo) U.S. Treasury Secretary Jack Lew on Saturday warned against competitive currency devaluations in bilateral talks with Japanese Finance Minister Taro Aso, the U.S. government said.In the meeting in northeastern Japan, Lew also...

  • Dollar stays near 110 yen line in early Tokyo deals

    TOKYO (Kyodo)--The U.S. dollar traded near the 110 yen line early Friday morning in Tokyo, little changed from its overnight levels in New York.At 9 a.m., the dollar fetched 109.91-92 yen compared with 109.90-110.00 yen in New York and 110.07-09 yen ...

  • Dollar hits 3-week high vs. yen after hawkish Fed minutes

    TOKYO (Kyodo) -- The U.S. dollar hit a three-week high above the 110 yen line Thursday in Tokyo after the minutes of the U.S. central bank's latest policy meeting rekindled expectations of an early interest rate hike.The dollar rose to 110.39 yen at ...

  • Retail forex traders could hinder yen intervention

    TOKYO -- Individuals conducting heavily leveraged currency trading could negate Japanese authorities' efforts to weaken the yen with market interventions, taking profits by snapping up the currency when its value begins to drop.The yen has been on a ...

  • Dollar inches up in 109 yen, recoups losses from upbeat Japan data

    TOKYO (Kyodo) -- The U.S. dollar edged higher in the lower 109 yen zone Wednesday morning in Tokyo on upbeat U.S. inflation data and gains in Tokyo stocks, erasing earlier losses prompted by stronger-than-expected Japan's growth data.At noon, the dol...

  • Dollar stays just above 109 yen in early Tokyo deals

    TOKYO (Kyodo) -- The U.S. dollar stayed just above 109 yen early Wednesday morning in Tokyo, slightly lower than its overnight levels in New York. At 9 a.m., the dollar fetched 109.04-05 yen compared with 109.11-21 yen in New York and 109.40-41 yen i...

  • Tokyo, Washington trade blows over yen intervention

    TOKYO/WASHINGTON -- Japan and the U.S. continue to clash over whether Tokyo should step in to dampen a strengthening yen, with Japan's addition to an American list of potential currency manipulators generating further friction.A top U.S. Treasury off...

  • Dollar barely moves near 109 yen ahead of G-7 finance meeting

    TOKYO (Kyodo) -- The U.S. dollar was virtually flat near the 109 yen line Tuesday morning in Tokyo, as traders refrained from taking bold moves ahead of the release of Japan's growth data and the Group of Seven finance chiefs' meeting later this week...

  • Asian shares recover after Apple, oil boost Wall St

    TOKYO (Reuters) -- Asian shares recovered from two-month lows on Tuesday after a rebound in technology giant Apple Corp and oil price gains boosted Wall Street.MSCI's broadest index of Asia-Pacific shares outside Japan rose 0.4 percent, extending the...

  • Dollar trades above 109 yen line in early Tokyo deals

    TOKYO (Kyodo) -- The U.S. dollar traded above the 109 yen line early Tuesday morning in Tokyo, almost unchanged from its overnight level in New York.At 9 a.m., the dollar fetched 109.08-12 yen compared with 108.99-109.09 yen in New York and 108.76-78...

  • Corporate Japan girds for stronger yen in fiscal 2016

    TOKYO -- More than half of Japan's major companies are assuming an exchange rate of 110 yen to the dollar for the year ending March 2017, opening up the possibility of earnings declining further should the home currency continue strengthening at its ...