Currencies

Yen heads for best week since 2008 as dollar bulls sag

LONDON (Reuters) -- The yen built further on Friday on a round of strong gains since the Bank of Japan meeting, moving to an 18-month high against the dollar and on course to rack up its biggest weekly gain since the 2008 financial crisis.Poor U.S. g...

  • Yen hits 18-month peak, stays firm after BOJ skips easing

    SYDNEY/SINGAPORE (Reuters) -- The yen set an 18-month high against the dollar on Friday, staying firm in the wake of the Bank of Japan's decision the previous day to hold off from expanding its monetary stimulus.The dollar's drop gained momentum afte...

  • Yen hits 18-month high versus dollar, stays firm after BOJ skips easing

    SINGAPORE (Reuters) -- The yen surged to an 18-month high against the dollar on Friday, staying firm in the wake of the Bank of Japan's decision the previous day to hold off from expanding monetary stimulus.The dollar fell to as low as 107.075 yen as...

  • Dovish Fed, oil rally buoy emerging-market currencies

    TOKYO -- Currencies in emerging countries are firming up against the dollar as a pickup in oil prices boosts investor confidence and the U.S. Federal Reserve looks less likely to raise interest rates for the time being.The Brazilian real and the Turk...

  • Dollar plunges to lower 108 yen as BOJ disappoints market

    TOKYO (Kyodo) -- The U.S. dollar plunged by 3 yen to the lower 108 yen range Thursday in Tokyo after the Bank of Japan kept its monetary policy on hold despite market expectations of further easing.At 5 p.m., the dollar fetched 108.39-41 yen compared...

  • Dollar falls to 111 yen line as weak stocks hurt investor sentiment

    TOKYO (Kyodo) -- The U.S. dollar fell to the 111 yen line Tuesday morning in Tokyo amid dented risk appetite in the wake of sluggish Tokyo shares. At noon, the dollar fetched 110.94-111.03 yen compared with 111.12-22 yen in New York and 111.21-23...

  • Dollar trades in lower 111 yen in early Tokyo deals

    TOKYO (Kyodo) -- The U.S. dollar traded in the lower 111 yen range early Tuesday morning in Tokyo, almost unchanged from its levels overnight in New York.At 9 a.m., the dollar fetched 111.12-13 yen compared with 111.12-22 yen in New York and 111.21-2...

  • Yen underpinned by exporters buying forward contracts

    TOKYO -- Exporters in Japan are projecting a stronger yen trend this fiscal year, snapping up forward currency contracts to lock in favorable exchange rates, which in turn will likely keep the currency from weakening. Japanese exporters -- which...

  • Dollar drops to lower 111 yen range after surge on possible BOJ move

    TOKYO(Kyodo) -- The U.S. dollar sank to the lower 111 yen range on Monday in Tokyo after a more than 2 yen jump on Friday amid bets on further monetary easing by the Bank of Japan later this week. At 5 p.m., the dollar fetched 111.21-23 yen compa...

  • World's preference for weaker dollar tarnishes yen's risk-averse image

    TOKYO -- The longtime relationship between a strong global appetite for risk and a weaker yen against the dollar is crumbling as world markets seek a softer U.S. currency, threatening to dent Japanese equities amid rallies elsewhere. The yen is t...

  • China weighs pros, cons of stronger yuan

    TOKYO -- The Chinese government has repeatedly ruled out devaluing the yuan, the country's currency, as a shortcut to boosting exports. It fears a barrage of criticism from the rest of the world. Chinese officials believe cheapening the yuan will...

  • Annoyed US denies reform-shy Japan cover for yen intervention

    WASHINGTON -- Disagreement over exchange rates between the U.S. and Japan surfaced at last week's gathering of Group of 20 finance and central bank chiefs, revealing American frustration at the Abe government's slow progress on structural reforms. ...

  • Commentary

    Nicholas Spiro: Currency markets convulsed by loss of confidence in central banks

    The yen is likely to rise further, highlighting the limits of monetary policy, argues Nicholas Spiro

  • Japan, US divided on exchange rate

    TOKYO -- Currency market players are sitting up this weekend and noticing that the yen could be about to go on another wild ride. This realization came after finance ministers and central bank governors from 20 industrial and emerging market econ...

  • Aso conveys to US Tokyo's 'strong concerns' over one-sided forex moves

    WASHINGTON (Kyodo) -- Japan conveyed to the United States on Thursday its "strong concerns" over what appeared to be a recent sharp one-sided appreciation of the yen against the U.S. dollar, Japanese Finance Minister Taro Aso said. Aso told repor...

  • Yen's demand-backed strengthening may last awhile

    TOKYO -- The yen's appreciation is gaining momentum in the currency market. The increasing current-account surplus, as well as Japanese exporters' moves to enter into dollar-selling forward contracts for the yen, are behind the trend. Signs are begin...

  • Japan's retail forex players counting on stronger yen

    TOKYO -- Pressure on yen selling by retail investors is weakening in foreign exchange margin transactions as investors place stop-loss orders voluntarily amid the yen's sharp appreciation against the dollar. As Japanese retail foreign-exchange tr...

  • Japan, US look split over currency policy heading into G-20

    TOKYO -- The U.S. and Japan are among those likely to be divided over currency policy during the meeting of Group of 20 finance ministers and central bankers in Washington starting Wednesday. Japanese Finance Minister Taro Aso fired a shot Tuesda...

  • Dollar rises to lower 108 yen as risk appetite returns

    TOKYO(KYODO) -- The U.S. dollar rose to the lower 108 yen level Tuesday in Tokyo, bouncing back from a 17-month low hit the previous day, as higher stocks helped revive traders' appetite for risk. At 5 p.m., the dollar fetched 108.19-22 yen compa...

  • Institutional investors are too hedged to slow rising yen

    TOKYO -- Though life insurers and other Japanese institutional investors are pumping plenty of money into foreign bonds, these flows are exerting little downward pressure on the yen because the buyers have shielded themselves against foreign exchange...