Tag: yen
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Japan may have sold $58.97 billion in yen-buying intervention
TOKYO, July 31 : Japan may have sold as much as $58.97 billion in its latest efforts to bolster its currency, central bank data indicated on Friday, signalling repeated efforts to stem the yen’s weakness.The Bank of Japan’s projection for money market conditions for the following day suggests a 8.2 trillion y
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Japan bank SMFG’s Q1 profit jumps 33% on robust loan demand
TOKYO, July 31 : Sumitomo Mitsui Financial Group recorded a 33 per cent rise in first-quarter profit, marking the latest Japanese financial institution to weather huge swings in global markets and trade and stay on track for record profits.Strong loan demand from SMFG’s clients, which are primarily made of up
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Kioxia forecasts $11.78 billion Q2 operating profit
TOKYO, July 31 : Kioxia said on Friday it expects to report operating profit of 1.89 trillion yen ($11.78 billion) in the July-September quarter as AI investment boosts demand for its memory chips. • That compares with an average estimate of 1.95 trillion yen from eight analysts surveyed by LSEG.•
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Yen remains under pressure after BOJ keeps rates unchanged
HONG KONG, July 31 : The yen stayed under pressure on Friday after the Bank of Japan held rates steady, paring some of the sharp gains sparked by coordinated intervention overnight as markets tested Tokyo’s resolve to support the sagging currency.The dollar last traded 0.75 per cent stronger at 160.670 yen, a
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Yen remains under pressure after BOJ kept rates unchanged
HONG KONG, July 31 : The Japanese yen stayed under pressure on Friday after the Bank of Japan kept rates unchanged as markets tested Tokyo’s resolve in the wake of a coordinated intervention to prop up the fragile currency. The dollar extended gains, to trade up 0.81 per cent at 160.760 yen, after the previou
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Japan’s FX reserve account logs $31 billion surplus in FY2025
TOKYO, July 31 : Japan posted a surplus of $31 billion from a special government account for foreign exchange reserves in the fiscal year that ended in March, the second-highest on record, thanks to a weaker yen boosting its yen returns on foreign assets.The surplus from the special account, which manages for
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Toyota supplier Denso posts drop in first-quarter profit
TOKYO, July 31 : Japan’s Denso, a major auto parts supplier to Toyota, posted a 21.5 per cent decline in first-quarter operating profit on Friday, as rising parts and material costs outweighed a boost from a weaker yen. The auto parts supplier, which generates around 55 per cent of its revenue from Toyota gro
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Japan intervenes to prop up yen ahead of BOJ policy decision, source says
TOKYO, July 31 : Japan conducted yen-buying, dollar-selling intervention in New York on Thursday, a market source said, its first such foray in three months, as the currency’s slump to four-decade lows threatened to worsen living costs hit by the Iran war-driven energy shock.The move came ahead of the Bank of
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BOJ to keep rates steady, deliver hawkish signal as government props up yen
TOKYO, July 31 : The Bank of Japan is set to keep interest rates steady on Friday but signal its resolve to continue pushing up borrowing costs, after the government intervened to boost the weak yen, keeping pressure on the central bank to show its hawkishness.Japan conducted yen-buying, dollar-selling market
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Yen weakens after intervention-led surge ahead of BOJ policy decision
HONG KONG, July 31 : The Japanese yen came under renewed pressure on Friday after soaring in the previous session as Tokyo intervened in the currency markets before the Bank of Japan’s policy decision.The dollar gained by as much as 0.45 per cent to 160.175 in early trades, after diving 2.4 per cent in its…
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