Currencies

Tokio Marine recently announced plans to buy HCC Insurance of the U.S.

Japanese currency trends

Foreign takeover spree to send yen lower still

TOKYO -- Japanese companies are stepping up their aggressive global expansion moves, a trend that is likely to place more selling pressure on the yen. The big question: How big will the yen sales be? Japan Inc.'s overseas buyouts so far this yea...

  • Dollar edges down to lower 123 yen, capped by weak U.S. data

    TOKYO (Kyodo) -- The U.S. dollar fell slightly to the lower 123 yen zone Wednesday morning in Tokyo as it continued to be weighed down by weaker-than-expected U.S. consumer confidence data for July. At noon, the dollar fetched 123.36-43 yen compa...

  • Dollar in upper 123 yen in early Tokyo deals

    TOKYO (Kyodo) -- The dollar changed hands in upper 123 yen levels in early Tokyo trading Wednesday, little changed from overnight levels in New York. At 9 a.m., the dollar fetched 123.59-61 yen compared with 123.52-62 yen in New York and 123.64-6...

  • China worries

    Greenback gains ground as flight from emerging markets quickens

    TOKYO -- The renewed sell-off in Chinese equities has hastened an investor retreat from emerging markets and resource-rich nations, sending some of their currencies to their lowest in more than a decade. Meanwhile, this flight to safety has pushe...

  • Dollar falls to lower 123 yen range on weak stocks, China's data

    TOKYO (Kyodo) -- The U.S. dollar fell to the lower 123 yen range on Monday in Tokyo, hit by widely spread risk-averse sentiment due to a recent drop in global stocks and China's weak industrial profits data released in the morning. At 5 p.m., the...

  • Dollar stable in Tokyo in upper 123 yen range before weekend

    TOKYO (Kyodo) -- The U.S. dollar was stable in the upper 123 yen range Friday morning in Tokyo in quiet trading ahead of the weekend. At noon, the dollar fetched 123.90-91 yen compared with 123.87-97 yen in New York and 123.78-80 yen in Tokyo at ...

  • Dollar in upper 123 yen range in early Tokyo deals

    TOKYO (Kyodo) -- The U.S. dollar changed hands in the upper 123 yen range in early Tokyo trading Friday, little changed from overnight levels in New York. At 9 a.m., the dollar fetched 123.88-89 yen compared with 123.87-97 yen in New York and 123...

  • Dollar steady in lower 124 yen range on U.S. rate hike expectations

    TOKYO (Kyodo) -- The U.S. dollar held steady in the lower 124 yen range on Tuesday in Tokyo, supported by growing expectations of a U.S. interest rate hike within the year and firm Japanese stock prices. At 5 p.m., the dollar fetched 124.38-39 ye...

  • Currency crunch

    Weak rupiah eating away at Indonesia's domestic demand

    JAKARTA -- Indonesia's domestic demand should be chugging along, but a weakening rupiah and rising inflation are crimping spending by consumers and businesses alike.

  • Rate hike speculation

    Yellen remark spurs dollar-buying, pushes down commodities

    TOKYO -- Federal Reserve Chair Janet Yellen's recent comment indicating a likely interest rate hike this year has prompted market players to shift money back into the U.S. The Fed's confidence about an economic upswing dispelled lingering views t...

  • Dollar stays in lower 123 yen zone ahead of U.S. Fed chief testimony

    TOKYO (Kyodo) -- The U.S. dollar moved in a tight range in the lower 123 yen range Wednesday morning in Tokyo, as market players await testimony from the U.S. Federal Reserve chief later in the day. At noon, the dollar fetched 123.45-47 yen compa...

  • Dollar trades in lower 123 yen range in early Tokyo deals

    TOKYO (Kyodo) -- The U.S. dollar traded in the lower 123 yen range early Wednesday in Tokyo, in line with its levels in New York overnight. At 9 a.m., the dollar fetched 123.34-43 yen compared with 123.34-44 yen in New York and 123.45-46 yen in T...

  • Markets await Fed

    US rate hike delay could drive more dollar appreciation

    TOKYO -- Markets increasingly see the U.S. Federal Reserve Board waiting to raise rates until December, which could lead to the dollar strengthening further, rather than weakening. "I expect that it will be appropriate at some point later this ye...

  • Dollar sinks to mid-121 yen amid worries over Greece, China

    TOKYO (Kyodo) -- The U.S. dollar sank to the mid-121 yen zone, its lowest level in one and a half months, in Tokyo on Wednesday as traders grew increasingly risk-averse due to worries over Greece's debt crisis and tumbling Chinese stocks. At 5 p....

  • Easy-money eddy

    Yen fades as safe haven

    TOKYO -- Even with Greeks soundly rejecting austerity in a historic vote and with Shanghai stocks on a downward roller coaster ride, currency traders are not buying up the yen as an emergency resort. A brief buying frenzy in early morning trading...

  • Malaysian currency

    Ringgit slides below 2005 peg level

    KUALA LUMPUR -- The ringgit weakened to its lowest level against the U.S. dollar since its unpegging in 2005 on Monday as uncertainties over the future of Greece intensified. The ringgit fell to 3.8017 against the greenback from Friday's 3.7521, ...

  • Euro falls as Greece votes 'No' to bailout package

    WELLINGTON (Reuters) -- The euro fell sharply on Monday in Asia-Pacific trading after Greeks looked to have overwhelmingly rejected austerity measures demanded in return for bailout money. The euro initially fell about 1.4 percent against its U.S...

  • Dollar stuck in lower 123 yen range ahead of Greece referendum

    TOKYO (Kyodo) -- The U.S. dollar was mostly stuck in the lower 123 yen range on Friday in Tokyo as market participants retreated to the sidelines ahead of Greece's referendum on bailout terms proposed by its international creditors on Sunday. At ...

  • Indonesia's currency decree

    Rupiah now only option for domestic deals

    SINGAPORE -- Indonesia has made it mandatory to use the rupiah for all domestic transactions. The regulation, which took effect Wednesday, is seen as an attempt to shore up the currency's value. Many market watchers, however, reckon the rupiah wi...

  • Euro on defensive as Greece misses IMF debt deadline

    SYDNEY (Reuters) -- The euro got off to a cautious start in Asia on Wednesday with Greece's fate still hanging in the balance after it became the first advanced economy to ever be in arrears to the International Monetary Fund. The common currency...