Tag: yen
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US shakes up currency markets with unusual yen-buying via selling euros
LONDON, Aug 3 : Traders grappling with an already rare co-ordinated U.S.-Japanese action to prop up the weak yen are also digesting a further unusual dynamic: the U.S. selling euros. Japan confirmed on Monday it had carried out yen-buying intervention on Friday with the U.S. Treasury department. But rather th
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Yen climbs for third straight session, euro/dollar awaits US data
Aug 3 : The yen rose for a third straight session against the euro and the dollar on Monday, keeping traders on alert for further intervention after Tokyo and Washington stepped into the foreign exchange market last week to support Japan’s currency.Meanwhile, oil prices sank after U.S. President Donald Trump
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Japan, US confirm joint yen-buying intervention, signal more action
The rare joint intervention – the first since 2011 – aimed to prevent a selloff in the yen and Japanese government bonds from causing global spillovers.
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US shakes up currency markets with talk of unusual yen-buying via selling euros
LONDON, Aug 3 : Traders grappling with an already rare co-ordinated U.S.-Japanese action to prop up the weak yen are also digesting a further unusual dynamic: the U.S. selling euros. Japan confirmed on Monday it had carried out yen-buying intervention on Friday with the U.S. Treasury department. But rather th
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Much ‘to do’ about yen intervention
August 3 : What matters in U.S. and global markets todayBy Mike Dolan, Editor-at-Large, Finance and MarketsJapan’s yen strengthened further on Monday as the U.S. and Japanese governments confirmed their first joint intervention since 2011 to prop up the ailing currency from recent 40-year lows.
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Analysis:How a US-Japan pact to hit yen speculators came together
TOKYO, Aug 3 : A joint U.S.-Japanese effort to fight off speculative bets against a battered yen last week followed months of preparation by the two nations and a rare and public alignment of interests in Washington and Tokyo over exchange rates.While unilateral efforts by Japanese authorities to stop sharp y
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Japan may have intervened in FX market by spending $36.58 billion to buy yen
TOKYO, Aug 3 : Japan may have spent as much as $36.58 billion to buy yen in the latest action aimed at strengthening the local currency, central bank data indicated on Monday, continuing an effort to bring the yen’s value back from historic lows against the U.S. dollar.The Bank of Japan’s projection for money
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MUFG’s first-quarter profit climbs 48% on higher loan margins
TOKYO, Aug 3 : Mitsubishi UFJ Financial Group booked a 48 per cent jump in first-quarter profit, it said on Monday, as strong loan demand linked to the end of deflation in Japan has boosted earnings across the sector.Japan’s largest lender by assets generated 809.4 billion yen ($5.2 billion) in net profit in
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BOJ says global AI demand could have sticky inflationary effect
TOKYO, Aug 3 : Global AI-related demand may exert lasting upward pressure on Japan’s inflation, the Bank of Japan said on Monday, signalling its alarm over mounting inflation risks that could boost the case for a near-term interest rate hike.Artificial intelligence should boost productivity and put downward p
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Nissan books operating profit for fourth quarter in a row
YOKOHAMA, Japan, Aug 3 : Nissan reported an operating profit for a fourth consecutive quarter on Monday, as improvements in controlling costs and a weaker yen offset lower sales volumes globally and higher raw material prices.Operating income for the three months ended June totalled 77.9 billion yen ($497 mil
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