Currencies

Indian rupee resilient on narrower current-account deficit

TOKYO -- The Indian rupee is holding firm against the dollar as India's current-account deficit declines and expectations grow for Prime Minister Narendra Modi's economic policies. The U.S. Federal Reserve plans to end its quantitative monetary e...

  • Interest rate gap, trade deficit push yen to nearly 6-year low

    TOKYO -- The widening Japan-U.S. interest rate gap and the Japanese trade deficit are tipping the scales toward a weaker yen, which hit its lowest level in more than six years here Monday and is now approaching the 110 mark to the dollar. The yen...

  • How the BOJ's Kuroda fended off currency pressure from Europe

    TOKYO -- When Bank of Japan Gov. Haruhiko Kuroda spoke to reporters earlier this month, he may have given attentive monetary policy watchers an inkling that the European Central Bank was about to make a surprise credit-easing move. Kuroda met th...

  • Yen to find new direction in hands of BOJ, Fed

    TOKYO -- Purchasing power parity-adjusted yen-dollar rates, as well as interest rate gap between Japan and the U.S., have long suggested a yen uptrend against the dollar. But this is changing. "The next move is the real focus of attention," said ...

  • Much more than in the past, Japan Inc. frets over weak yen

    TOKYO -- The chorus of concern rising from Japan's business community over the yen's fall to 109 yen against the dollar marks a significant change from years past. Not so long ago, few would have worried about the yen's depreciation below 110. Vi...

  • Observers weigh optimal yen-dollar rate as yen keeps sliding

    TOKYO -- The yen's sharp descent over the past month has caught corporate executives, market analysts and public officials by surprise, leaving them scrambling to determine an optimal strength of the Japanese currency. While some see 100 yen to the d...

  • Global money props up dollar, highlighting weakness elsewhere

    TOKYO -- Global funds are flowing into the dollar as a U.S. interest rate hike looms on the horizon, helping to underpin the country's economy and ushering the end of monetary easing there, but the galloping greenback also underlines weaknesses in th...

  • Euro rises against yen on letdown over ECB stimulus loans

    TOKYO -- The euro strengthened sharply against the yen Friday after the European Central Bank disappointed the market with the first of its so-called targeted longer-term refinancing operations, aimed at prodding the eurozone's banks into lending mor...

  • Yen's rapid descent a mixed blessing for Japan Inc.

    TOKYO -- While the yen's precipitous decline against the dollar is a boon to big exporters, it will squeeze the profits of smaller companies by raising energy and material costs, limiting the support a soft home currency typically lends to the entire...

  • Yen reaches 108 mark against dollar on speculation of US rate hike

    TOKYO -- The yen weakened to the upper 108 level against the dollar in early Thursday trading in Tokyo. The dollar gained significantly against the yen Wednesday in New York after a statement by the U.S. Federal Open Market Committee stirred speculat...

  • Dollar hits hix-year high vs yen on Fed guidance

    NEW YORK (Dow Jones) -- The dollar soared to a new six-year high against the yen and rallied against the euro Wednesday after the Federal Reserve gave more guidance on its plans to raise interest rates amid an economic recovery in the U.S. The g...

  • RBA's lowest rate enough to send Aussie dollar higher

    TOKYO -- The Australian dollar has remained strong against the yen, due largely to the Japanese currency's plunge against the U.S. dollar. Speculation that Australia's interest rates will remain higher than those of other industrial economies is also...

  • Speculators stock up on pound ahead of vote on Scotland's fate

    TOKYO -- The British pound has been trending weaker against the greenback as Scotland gears up for this week's referendum on whether to leave the U.K. But speculators such as hedge funds have been aggressively buying the currency in anticipation that...

  • Weaker yen no longer driving Japan stocks

    TOKYO -- The softer yen has stopped providing as much loft for Japanese stocks, fueling doubts about Japan's recovery prospects. The viability of Abenomics, it appears, is being mightily tested. Even with the yen tumbling against the dollar in re...

  • Yen hits nearly 6-year low of 107 to dollar

    TOKYO -- The yen fell to 107.02 against the dollar in Tokyo on Thursday afternoon, its weakest level in five years and 11 months. Selling of the Japanese currency has been encouraged by expectations of a widening gap in interest rates between Jap...

  • Yen plunges against major currencies amid slow economic recovery

    TOKYO -- The yen has been weakening against other major currencies, hitting a six-year nadir in the lower 106 range against the dollar here Tuesday, as a plodding economic recovery feeds expectations of additional easing in Japan. According to th...

  • Strong US economy partly driving drop in yen

    TOKYO -- The yen's drop to a six-year low on Friday was partly fueled by the strong outlook for the U.S. economy, with quantitative easing expected to end as soon as October and interest rates seen rising as early as between spring and autumn of next...

  • Yen hits 6-year low against dollar, but with mixed impact

    TOKYO -- The yen reached the lowest level against the dollar in about six years here on Friday, which could boost Japanese exports but hurt importers and households by pushing prices higher. The yen slipped at one point to the high-105 range agai...

  • Yen hits near six-year low on strong US economy, ECB stimulus

    TOKYO -- The yen briefly hit the upper 105 range against the dollar Friday morning, its weakest point in five years and 11 months. The drop was driven by an optimistic outlook for the U.S. economy and additional monetary easing by the European Centra...

  • Sharp foreign exchange moves dangerous: Aso

    TOKYO (Kyodo) -- Japanese Finance Minister Taro Aso said Friday that sharp foreign exchange movements are dangerous and warned against volatility in the currency market. "We would be in extreme danger if (foreign exchange rates) rise and fall abr...