Currencies

Asia slips on weaker Wall Street, dollar marks time before Yellen

TOKYO (Reuters) -- Asian stocks slipped on Thursday, taking their cue from an overnight drop on Wall Street, while the dollar marked time ahead of Friday's speech by Federal Reserve Chair Janet Yellen at the global central bankers' meeting.MSCI's bro...

  • Burned by currency swings, Mrs. Watanabe takes a breather as yen rises

    TOKYO -- Having suffered Brexit-related losses, retail foreign exchange traders in Japan are largely steering clear of their typical contrarian bets even as the yen appreciates.Net long-dollar positions against the yen totaled 287,000 contracts as of...

  • Yen headed skyward as prospects for intervention recede

    TOKYO -- Growing market speculation that the Japanese government will not intervene in the currency market any time soon is threatening to remove what little downward pressure still remains on the yen.Officials from the finance ministry, the Bank of ...

  • Dollar trades just below 100 yen in early Tokyo deals

    TOKYO (Kyodo) -- The U.S. dollar traded slightly below 100 yen early Thursday in Tokyo, down from its overnight levels in New York.At 9 a.m., the dollar fetched 99.89-90 yen compared with 100.23-33 yen in New York and 100.70-72 yen in Tokyo at 5 p.m....

  • Yen succumbing to midsummer surge

    TOKYO -- Conventional market wisdom says the yen tends to heat up along with summer's sizzling temperatures. And this seems to hold true this year. The Japanese currency strengthened to around 99.50 to the dollar overseas at one point Tuesday despite...

  • Bitcoin trading booms, lures currency traders

    TOKYO -- Bitcoin trading volume is soaring in Japan as wild price movements spur an increasing number of currency speculators to shift into the digital-money market.Japan's leading bitcoin exchange operator said Monday that it surpassed 200,000 custo...

  • Hong Kong hack highlights weak security at bitcoin exchanges

    TOKYO -- The value of bitcoins plunged in early August after Bitfinex, a major exchange based in Hong Kong, said it had been hacked and funds stolen.It was a serious security breach that could weaken investors' confidence in bitcoin exchanges and cra...

  • China marks time in march toward international yuan

    SHANGHAI -- In the year since China's surprise devaluation of its currency, the yuan's troubles going global have become all too apparent.With the yuan continuing to lose strength as the Chinese economy slows, Chinese authorities have become reluctan...

  • Rate cut leaves Australia with few options for reviving economy

    SYDNEY -- Now that the Reserve Bank of Australia has entered uncharted territory, it may not have anywhere else to go.The board on Aug. 2 reduced the policy interest rate by a quarter of a percentage point to a record low of 1.5%, a move intended to ...

  • Interbank rates surge as dollar shortage looms anew

    TOKYO -- International financial markets face the prospect of another greenback crunch with upcoming U.S. regulations poised to hit a key source of short-term dollar financing and Japanese banks already feeling the heat.The three-month dollar London ...

  • Softer yen no sure thing even if Fed hikes rates

    TOKYO -- Though strong economic data and apparent hints from the Federal Reserve are fueling speculation of a U.S. interest rate hike this year, the impact on the yen may not be as clear-cut as many Japanese market players expect."I don't rule out a ...

  • Dollar edges up to mid-102 yen zone after tumble last week

    TOKYO (Kyodo) -- The U.S. dollar rose slightly to the mid-102 yen range Monday morning in Tokyo, where stock gains improved risk appetite.At noon, the dollar fetched 102.60-62 yen compared with 101.99-102.09 yen in New York and 103.61-64 yen in Tokyo...

  • Dollar nurses losses after hit from downbeat GDP report

    TOKYO (Reuters) -- The dollar on Monday pulled away from lows it hit following disappointing U.S. growth figures late last week while the yen pared some its large gains made after the Bank of Japan's smaller-than-expected stimulus steps.The dollar in...

  • Dollar trades in lower 102 yen zone in early Tokyo deals

    TOKYO(Kyodo) -- The U.S. dollar traded in the lower 102 yen zone early Monday in Tokyo, after hitting an around three-week low of 101.97 yen in New York on Friday.At 9 a.m., the dollar fetched 102.35-40 yen compared with 101.99-102.09 yen in New York...

  • Dollar/yen falls more than 1% in nervous trade ahead of BOJ

    TOKYO (Reuters) -- The dollar fell more than 1 percent against the yen in Asia early on Friday, touching as low as 103.30 yen in a nervous trade ahead of the Bank of Japan's policy decision expected later in the day.Market players said there was no a...

  • Japan investors' foreign bond buying making yen stronger

    TOKYO -- Japanese institutions' push into foreign government bonds, typically a cause of depreciation in the yen, is actually pushing up the currency as buyers hedge against foreign exchange losses and drive down debt yields.Japanese life insurers an...

  • Exporters pass up softer yen, await better buying chance

    TOKYO -- Though the yen has settled down at a comfortable level after a spike in recent weeks, Japanese exporters are not jumping at this chance to buy the currency, instead waiting for a further drop amid renewed anticipation of a U.S. interest rate...

  • Yuan to trend lower despite China's pledge to avoid currency war

    HONG KONG -- Quietly and unobtrusively, the Chinese yuan has devalued more than 5% in trade-weighted terms so far this year. It skidded down to 6.70 against the dollar for the first time since 2010 early this week, in spite of Premier Li Keqiang's re...

  • Yen dips, soars as policy rumor mill turns

    TOKYO -- The yen bounced through world markets Thursday as traders puzzled over what is in store for Japan's fiscal and monetary policies.The Japanese currency dropped as low as the mid-107 yen range against the dollar in Tokyo trading, extending its...

  • Dollar trades in lower 107 yen range in early Tokyo deals

    TOKYO (Kyodo) -- The U.S. dollar traded in the lower 107 yen range early Thursday in Tokyo, slightly up from its levels overnight in New York.At 9 a.m., the dollar fetched 107.17-18 yen compared with 106.84-94 yen in New York and 106.33-34 yen in Tok...