Currencies

East Asian currencies

South Korean won gains on yen following Japan's easing

TOKYO -- The South Korean won is stuck in a period of strength against the Japanese yen due to the Bank of Japan's introduction of further monetary easing on Oct. 31. The won has climbed just over 1% against the yen since that date. On Friday, it...

  • Yen politics

    Finance minister talks up sagging Japanese currency

    TOKYO -- Sensing that the ruling party's political fortunes are at stake, the Japanese finance minister on Friday issued a rare warning against the yen's rapid decline in the currency market. "The pace of the yen's slide over the past week has be...

  • Australia central bank says Japan funds might hold A$ high

    SYDNEY (Dow Jones) --The likelihood that Japanese investment funds will boost Australian bond purchases risks keeping the Australian dollar elevated, the country's central bank said in minutes of its Nov. 4 policy meeting published Tuesday. It als...

  • Yen weakening may end soon

    TOKYO -- The Japanese currency sunk from 105 to 116 against the dollar in little time this autumn. Its slide has been driven not only by the Bank of Japan's recent monetary easing expansion, but also by increasing speculation about a snap election. ...

  • Yen heads downward against political headwinds

    TOKYO -- The yen has been tumbling lately, trading in Europe at around 116.11 against the dollar on Tuesday, its lowest point since Oct. 18, 2007. Amid lingering concern that the yen has been falling too fast since Oct. 31, when the Bank of Japan...

  • Indonesia, South Korea likely to keep policy rates

    JAKARTA/SEOUL -- Market attention is shifting to monetary policies in emerging and other Asian countries in the wake of high-level meetings in advanced economies. At the end of last month the U.S. Federal Reserve announced it would end its stimulus p...

  • China further eases rules on cross-border yuan transactions

    SHANGHAI -- China is allowing international dealings in yuan between group companies, taking nationwide an initiative tested in the Shanghai free trade zone since February. China's central bank notified major banks of the policy change Thursday. ...

  • Japanese companies growing wary of yen's incessant slide

    TOKYO -- The yen is trading significantly weaker than many Japanese companies anticipated, raising the specter of cost increases for smaller businesses and even some large ones. On the Tokyo market, the currency declined to the mid-115 yen level ...

  • Float by Australian forex upstart in doubt

    BANGKOK -- The anticipated flotation of Australia's Pepperstone Group, one of the fastest-growing online traders in the world, has been dealt a major blow. Originally targeted to raise at least A$500 million ($430 million) in the coming weeks, th...

  • Yen sinks further on Kuroda's remarks

    TOKYO -- The yen touched a seven-year low on Wednesday after Bank of Japan Gov. Haruhiko Kuroda said that the central bank will use every measure at its disposal to achieve the 2% inflation target. In a speech delivered around noon that day, Kuro...

  • Expectations of interest rate hike lifting Aussie dollar

    TOKYO -- The Australian dollar is strengthening against the yen as growing anticipation that Australia's central bank will raise its interest rate fuels buying of the currency. The Aussie dollar climbed Wednesday in Tokyo to 99.70 yen, its highes...

  • Bank of Japan quantitative easing rocks Philippines

    MANILA -- The Philippine central bank has expressed concern that Bank of Japan support for an asset-buying program could fuel volatility in financial markets. While Asian currencies weakened on Friday, some recovered on Monday with BOJ Gov. Haruh...

  • Yen's slide continues as BOJ ramps up easing

    SINGAPORE -- The Japanese currency continued its decline against the dollar as the Bank of Japan's new round of stimulus pushed the yen to a seven-year low against the greenback. The yen dropped as much as 0.6% to 112.98 against the dollar on Mon...

  • Direct trade begins between yuan, Singapore dollar

    SINGAPORE -- Direct trading between the Singapore dollar and the Chinese yuan began on Tuesday, eliminating the use of the U.S. dollar as intermediate currency. This new direct route is expected to bring down business costs, especially among companie...

  • Hedge funds hitting brakes on yen-selling on worries over US

    TOKYO -- Hedge funds other speculative traders are easing up on yen-selling, prompted by concern that the U.S. will not be safe from the global economic slowdown. Net short positions in the yen held by noncommercial speculative traders came to 71...

  • Yen's wild ride ends, but slow slide continues

    TOKYO -- The yen's latest roller-coaster ride, which surely caught many retail investors by surprise, appears to be over. Investors can probably count on the yen slowly losing strength for the foreseeable future. At the start of October, the yen ...

  • Weaker yen could start pulling small companies under

    TOKYO -- The yen's overall decline suddenly has the Japanese government fretting. The currency's weakness is about to take a big bite out of small and medium-size companies. Even Prime Minister Shinzo Abe, the maestro of the weak yen, has begun s...

  • Dollar drops as weak data spawn rate-hike doubts

    NEW YORK (Dow Jones) -- The dollar weakened against the yen and the euro Wednesday as worries about global growth pushed back expectations for higher U.S. interest rates.The dollar slid amid turmoil in other markets after soft U.S. economic data sugg...

  • Stronger dollar may not always benefit US

    TOKYO -- How strong can the dollar be before it bites into the American economy? U.S. authorities have quietly started looking for an unacceptable value tipping point value for the dollar. The phones rang near constantly a Brown Brothers Harriman...

  • Discord emerges in Japan over yen's accelerated slide

    TOKYO -- The rapid depreciation of the yen in recent weeks has sparked concerns that the currency's slide against the dollar has gone too far. It now appears the weak yen is creating more problems, rather than benefits for the economy. On Oct. 1,...