Currencies

Japan Post's asset buying keeping yen weak amid geopolitical risks

TOKYO -- Even as the conflicts in Iraq and Ukraine drive investors to put money in safe-haven assets, the Japanese currency is staying relatively weak, weighed down by yen-selling by the banking and insurance units of government-backed Japan Post Gro...

  • IMF finds more countries adopting managed floating exchange rate system

    TOKYO -- More countries are adopting a managed floating exchange rate system, especially as a number of emerging countries try to safeguard their currencies from increased volatility in foreign exchange markets triggered by monetary easing measures f...

  • Thai baht hits 3 week high as economy avoids recession

    BANGKOK -- The Thai baht hit a three-week high against the dollar on Monday due to the better-than-expected economic data released that morning. Market participants see the military junta as having made some progress in putting the country's economy ...

  • Dollar trades in mid-102 yen zone in early Tokyo deals

    TOKYO (Kyodo) -- The U.S. dollar traded in the mid-102 yen range early Thursday morning in Tokyo, mostly unchanged from its levels overnight in New York. At 9 a.m., the dollar fetched 102.40-43 yen compared with 102.37-47 yen in New York and 102....

  • Yen's rise muted amid Iraq tensions

    TOKYO -- The yen strengthened Friday as investors moved to buy the safe-haven currency in response to heightened geopolitical risks in Iraq, but so far the impact seems contained due to selling pressure from domestic firms and a solid economic outloo...

  • Rise in US long-term interest rates key to yen selling for dollars

    TOKYO -- The Japanese yen is looking directionless, again. Although the currency briefly weakened against the dollar in late July, this momentum did not continue and the market appears to have returned to its previous stagnancy. The currency mark...

  • Japan trade deficits may end yen's August rise versus dollar

    TOKYO -- The yen has tended to rise against the dollar in August, over the last decade or more, but a new trend may be establishing itself due to Japan's persistent trade deficit. Market players often speak of an anomaly in August in which the ye...

  • Hong Kong dollar, stocks dance on Europe's woes

    HONG KONG -- Stock and currency markets here have been booming since mid-July. Hope for an economic recovery in China is one driver. A bigger factor is capital flight from Europe, where nations are again feuding with one another. The benchmark Ha...

  • Russia's currency at 3-month low under sanctions

    TOKYO -- The Russian ruble is weakening against the dollar, as the U.S. and the European Union imposed fresh sanctions against Russia following the downing of a Malaysia Airlines plane over eastern Ukraine last month. The ruble hit a near three-m...

  • Sanctions on Russia could shake global currency regime

    TOKYO -- Economic sanctions slapped on Russia by the U.S. and European nations could in the long run shake the international, dollar-based currency regime, according to various experts on international relations. The European Union toughened sanc...

  • Yen seen falling further as U.S. economy recovers

    TOKYO -- The yen-dollar rate has broken out of its holding pattern that has continued since the spring, with the U.S. currency rising to the highest level in roughly four months at above 103 yen to the dollar on July 30. As dollar buying will lik...

  • BOJ's inflation outlook still in question

    TOKYO -- Japan's inflation has so far followed the course predicted by the Bank of Japan, but private economists remain unconvinced that country's deflationary days are safely in the past. When the BOJ began its unprecedented monetary easing in A...

  • DIC moves to hedge yuan risk following rule change

    SHANGHAI -- A Chinese unit of Tokyo-based DIC, the world's largest ink manufacturer, will be among the first companies to take advantage of looser restrictions on foreign exchange options. The unit will enter into yuan-dollar options contracts Fr...

  • Fresh sanctions on Russia to keep ruble in a funk

    TOKYO -- New sanctions on Moscow are likely to keep the Russian ruble slumping, market watchers say. In response to the downing of a Malaysia Airlines jet over Ukraine, which Western countries have blamed on Kremlin-backed separatists, the Europe...

  • Appetite for yen still low despite Ukraine, Mideast strife

    TOKYO -- Even as the conflicts in Ukraine and the Middle East burn hotter, investors are less eager to buy the Japanese currency than in previous periods of elevated geopolitical risk, amid expectations that Japan's central bank will continue large-s...

  • Malaysian ringgit remains strong on rate hike bets

    SINGAPORE -- The Malaysian ringgit has strengthened to its highest level since November 2013 on speculation about a rate hike by the country's central Bank Negara. The bank decided July 10 to raise its overnight policy rate for the first time in ...

  • Indonesia rupiah could falter ahead of week-long break

    JAKARTA (Dow Jones) -- The rupiah could weaken significantly as the market trims positions ahead of the week-long holiday ahead. The rise of the U.S. dollar overnight could act as a trigger for USD/IDR to rally toward the daily Ichimoku Cloud resis...

  • Interest rates, Russia risks dragging euro down

    TOKYO -- The euro reached on Wednesday its lowest point against the dollar in Tokyo since November 2013, amid falling interest rates and worries about the impact on the euro zone of European Union sanctions against Russia. The euro softened to $1...

  • Japan Exchange to clear foreign currency interest rate swaps

    TOKYO -- Japan Exchange Group will start clearing interest rate swaps in foreign currencies by September 2015, branching out into a growing market to diversity its services. Japan Securities Clearing Corp., a unit of the securities exchange opera...

  • Weaker yen crowd likes Japan finance ministry reshuffle

    TOKYO -- The Finance Ministry announced July 4 a reshuffle of its senior officials. Tatsuo Yamasaki, who was involved in a large yen-selling intervention, was named vice minister of finance for international affairs. Some market experts say Yamasaki'...