Currencies

Currency exchange

Japan companies adjust expectations as yen stiffens

TOKYO -- Many blue-chip Japanese companies have revised their hypothetical exchange rates to reflect a stronger yen, which could diminish the earnings boost that was previously anticipated. Automotive and other companies were among those that mad...

  • Vladimir Miklashevsky

    Troubled former Soviet republics may face further currency turmoil

    Forced to abandon their currency pegs as oil prices fell, Russia's emerging neighbors will encounter more fiscal constraints if the commodity does not recover.

  • Dollar rises to lower 117 yen zone after mixed US jobs data

    TOKYO (Kyodo) -- The U.S. dollar inched up into the lower 117 yen zone Monday morning in Tokyo as traders absorbed limited signs of firmness in the U.S. labor market in data released Friday. At noon, the dollar fetched 117.25-33 yen compared with...

  • Foreign exchange market

    Speculation rife over China's apparent willingness to let yuan fall

    TOKYO -- With the depreciation of the yuan casting a long shadow over global financial markets, observers are increasingly concerned that the People's Bank of China, the country's central bank, may be trying to use its new currency index to fend off ...

  • Negative interest rates

    BOJ move sends ripples through world currencies

    TOKYO -- The Bank of Japan's negative interest-rate strategy is clearly designed to keep the yen from strengthening. That is obvious from the deft verbal maneuvering by BOJ Gov. Haruhiko Kuroda, who apparently had decided to unleash the unorthodo...

  • Chinese currency

    Offshore yuan-selling blitz expected during Lunar New Year

    HONG KONG -- Hedge funds and other speculators appear to be gearing up for an offshore yuan-selling offensive when Chinese markets and monetary authorities break next week, with Beijing's capacity to defend its currency seen dwindling. Forecasts ...

  • Dollar back above 118 yen line after hitting 2-week low overnight

    TOKYO (Kyodo) -- The U.S. dollar recovered to above the 118 yen line Thursday morning in Tokyo following its slump to a two-week low near the 117 yen mark overnight on dovish comments from a top Federal Reserve official and tepid U.S. service sector ...

  • Australia, NZ dollars near 1-month highs as Fed uncertainty hits greenback

    SYDNEY/WELLINGTON (Reuters) -- The Australian and New Zealand dollars held near one-month highs on Thursday after a sharp fall in their U.S. counterpart and a rebound in oil prices sparked a revival in risk appetite. The Australian dollar was up ...

  • China central bank sets yuan mid-point at near one-month low on global dollar weakness

    SHANGHAI (Reuters) -- The People's Bank of China set its official yuan midpoint rate at 6.5419 per dollar prior to the market open on Thursday, the weakest fixing since Jan. 6, after the dollar tumbled in global markets. The dollar nursed hefty l...

  • Dollar trades in lower 118 yen range in early Tokyo deals

    TOKYO (Kyodo) -- The U.S. dollar traded in the lower 118 yen zone early Thursday morning in Tokyo, slightly higher than its levels overnight in New York. At 9 a.m., the dollar fetched 118.18-23 yen compared with 117.86-96 yen in New York and 119....

  • Dollar trades below 120 yen, upside capped on risk-aversion

    TOKYO (Kyodo) -- The U.S. dollar traded below the 120 yen mark for much of Wednesday's trading in Tokyo, with its upside capped amid risk-aversion fueled by another slump in oil prices and tumbling global stock markets. At 5 p.m., the dollar fetc...

  • Bank of Japan policy

    Reasons to be negative

    TOKYO -- Bank of Japan Gov. Haruhiko Kuroda is following European Central Bank President Mario Draghi by introducing a negative interest rate on current accounts held at the central bank by financial institutions. The aim is to make the yen less attr...

  • Negative interest rates

    Japanese banks pay more for dollars as demand seen surging

    TOKYO -- Japanese financial institutions' dollar-borrowing costs have jumped since the Bank of Japan's decision Friday to adopt negative interest rates as traders anticipate demand from banks seeking better investment opportunities abroad. The be...

  • China financial markets

    Investors losing faith due to government mishandling

    SHANGHAI -- A gloom is brooding over China's financial markets as they have grown disturbingly volatile in recent weeks. Shanghai stocks have fallen to a 14-month low, while the yuan has weakened against the dollar to its lowest level in about five y...

  • Tony Yates

    Lessons from Europe for the BOJ

    Europe's experience may have encouraged Japan's bold move into negative interest rates, but more radical steps could yet ensue, says Tony Yates.

  • Bank of Japan

    Negative interest rate seen calming Japan's volatile markets -- for now

    TOKYO -- The Bank of Japan's surprise move to introduce a negative interest rate will likely help to calm financial markets, which have been swinging wildly since the start of this year. Analysts expect the BOJ's latest easing move to weaken the ...

  • Hong Kong Monetary Authority

    Yuan loans accelerate as currency weakens

    HONG KONG -- Arthur Yuen, deputy chief executive of the Hong Kong Monetary Authority (HKMA), the special administrative region's de facto central bank, noticed that yuan loan growth in the city has accelerated in the past few months. The offshore...

  • Yen slides as BOJ stuns markets with negative rate policy

    SINGAPORE (Reuters) -- The yen dived on Friday after the Bank of Japan stunned financial markets by adopting a negative interest rate policy. The Japanese central bank's action comes as investors around the world have been swept up by turmoil in ...

  • Global markets

    Asia stocks jump, yen weakens as BOJ stuns with negative rates

    SYDNEY (Reuters) -- Asian shares jumped on Friday and the yen swooned after the Bank of Japan stunned markets by adopting negative interest rates in its boldest step yet to reinflate the long-languishing economy. The yen fell across the board and...

  • Foreign exchange

    Hopes for action grow as yen approaches 115 to dollar

    TOKYO -- Investors increasingly view 115 yen to the dollar as a line in the sand that the Japanese government and central bank will defend, based on reactions to the yen's rapid upswing since the beginning of the year. When the yen hit the 115 ra...