Currencies

Direct trade begins between yuan, Singapore dollar

SINGAPORE -- Direct trading between the Singapore dollar and the Chinese yuan began on Tuesday, eliminating the use of the U.S. dollar as intermediate currency. This new direct route is expected to bring down business costs, especially among companie...

  • Hedge funds hitting brakes on yen-selling on worries over US

    TOKYO -- Hedge funds other speculative traders are easing up on yen-selling, prompted by concern that the U.S. will not be safe from the global economic slowdown. Net short positions in the yen held by noncommercial speculative traders came to 71...

  • Yen's wild ride ends, but slow slide continues

    TOKYO -- The yen's latest roller-coaster ride, which surely caught many retail investors by surprise, appears to be over. Investors can probably count on the yen slowly losing strength for the foreseeable future. At the start of October, the yen ...

  • Weaker yen could start pulling small companies under

    TOKYO -- The yen's overall decline suddenly has the Japanese government fretting. The currency's weakness is about to take a big bite out of small and medium-size companies. Even Prime Minister Shinzo Abe, the maestro of the weak yen, has begun s...

  • Dollar drops as weak data spawn rate-hike doubts

    NEW YORK (Dow Jones) -- The dollar weakened against the yen and the euro Wednesday as worries about global growth pushed back expectations for higher U.S. interest rates.The dollar slid amid turmoil in other markets after soft U.S. economic data sugg...

  • Stronger dollar may not always benefit US

    TOKYO -- How strong can the dollar be before it bites into the American economy? U.S. authorities have quietly started looking for an unacceptable value tipping point value for the dollar. The phones rang near constantly a Brown Brothers Harriman...

  • Discord emerges in Japan over yen's accelerated slide

    TOKYO -- The rapid depreciation of the yen in recent weeks has sparked concerns that the currency's slide against the dollar has gone too far. It now appears the weak yen is creating more problems, rather than benefits for the economy. On Oct. 1,...

  • 40% of Japanese companies view yen's decline as too excessive

    TOKYO -- Some 40% of chief financial officers at major Japanese companies consider 110 yen to the dollar an excessively weak exchange rate, according to a recent Nikkei survey. The Nikkei polled the CFOs of businesses with large capitalizations i...

  • Experts see yen remaining near 110 against dollar

    TOKYO -- The Japanese currency has weakened at a fast clip against the dollar, and many analysts and corporate financial officials believe that current exchange rate levels will be the new normal over the rest of this year and next year. The doll...

  • Dollar traded in upper 109 yen in early Tokyo deals

    TOKYO (Kyodo) -- The U.S. dollar traded in the upper 109 range early Wednesday in Tokyo, little changed from its overnight levels in New York. At 9 a.m., the dollar fetched 109.64-66 yen compared with 109.55-65 yen in New York and 109.41-42 yen i...

  • 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...