Currencies

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...

  • Dollar hits hix-year high vs yen on Fed guidance

    NEW YORK (Dow Jones) -- The dollar soared to a new six-year high against the yen and rallied against the euro Wednesday after the Federal Reserve gave more guidance on its plans to raise interest rates amid an economic recovery in the U.S. The g...

  • RBA's lowest rate enough to send Aussie dollar higher

    TOKYO -- The Australian dollar has remained strong against the yen, due largely to the Japanese currency's plunge against the U.S. dollar. Speculation that Australia's interest rates will remain higher than those of other industrial economies is also...

  • Speculators stock up on pound ahead of vote on Scotland's fate

    TOKYO -- The British pound has been trending weaker against the greenback as Scotland gears up for this week's referendum on whether to leave the U.K. But speculators such as hedge funds have been aggressively buying the currency in anticipation that...

  • Weaker yen no longer driving Japan stocks

    TOKYO -- The softer yen has stopped providing as much loft for Japanese stocks, fueling doubts about Japan's recovery prospects. The viability of Abenomics, it appears, is being mightily tested. Even with the yen tumbling against the dollar in re...

  • Yen hits nearly 6-year low of 107 to dollar

    TOKYO -- The yen fell to 107.02 against the dollar in Tokyo on Thursday afternoon, its weakest level in five years and 11 months. Selling of the Japanese currency has been encouraged by expectations of a widening gap in interest rates between Jap...

  • Yen plunges against major currencies amid slow economic recovery

    TOKYO -- The yen has been weakening against other major currencies, hitting a six-year nadir in the lower 106 range against the dollar here Tuesday, as a plodding economic recovery feeds expectations of additional easing in Japan. According to th...

  • Strong US economy partly driving drop in yen

    TOKYO -- The yen's drop to a six-year low on Friday was partly fueled by the strong outlook for the U.S. economy, with quantitative easing expected to end as soon as October and interest rates seen rising as early as between spring and autumn of next...

  • Yen hits 6-year low against dollar, but with mixed impact

    TOKYO -- The yen reached the lowest level against the dollar in about six years here on Friday, which could boost Japanese exports but hurt importers and households by pushing prices higher. The yen slipped at one point to the high-105 range agai...

  • Yen hits near six-year low on strong US economy, ECB stimulus

    TOKYO -- The yen briefly hit the upper 105 range against the dollar Friday morning, its weakest point in five years and 11 months. The drop was driven by an optimistic outlook for the U.S. economy and additional monetary easing by the European Centra...

  • Sharp foreign exchange moves dangerous: Aso

    TOKYO (Kyodo) -- Japanese Finance Minister Taro Aso said Friday that sharp foreign exchange movements are dangerous and warned against volatility in the currency market. "We would be in extreme danger if (foreign exchange rates) rise and fall abr...

  • Yen hits 6-year low on ECB stimulus surprise

    TOKYO -- The yen briefly hit 105.71 against the dollar on Friday morning, the lowest in five years and 11 months. The drop was driven by the European Central Bank's overnight decision on unexpected rate cuts. To prevent deflation, the ECB announced f...

  • GPIF's foreign asset purchases likely to help push yen lower

    TOKYO -- The long-term depreciation of the yen is now being viewed as a realistic scenario. Rapid changes are unlikely, but Japan's Government Pension Investment Fund will likely play a key role in sending the yen lower at a gentle pace. The GPIF is ...

  • Yen in retreat as market speculates on US rate hike

    TOKYO -- The yen is once again weakening against the dollar as the market's focus shifts to the timing of a rate hike in the U.S. and speculation that a Japanese government pension fund will unload the currency to invest more in foreign assets. I...

  • Currency trading surges as dollar-yen rate finally budges

    TOKYO -- Speculation that the U.S. will raise interest rates sooner than expected caused the yen to weaken, energizing foreign-exchange traders who have largely stayed away from the market due to low volatility. The yen-dollar trading value on th...

  • Fearing a further weakening, 'Mrs. Watanabe' starts selling the yen

    TOKYO -- The yen's recent plunge has prompted "Mrs. Watanabe" -- the collective nickname given to Japanese housewives and other amateur investors playing the currency market -- to change her strategy. Since February, Mrs. Watanabe had been sellin...

  • Euro sold on speculation of monetary easing

    TOKYO -- Investors are selling the euro amid mounting anticipation of additional monetary easing by the European Central Bank, spurred by ECB President Mario Draghi's speech Friday at the Jackson Hole meeting of central bankers. The euro dropped ...