Tag: yen

  • Dollar hovers near seven-month low vs yen as oil tops $100

    Dollar hovers near seven-month low vs yen as oil tops $100

    NEW YORK, Sept 9 : The dollar hovered near a seven-month low against the yen on Wednesday as oil prices climbed above $100 a barrel amid an escalating conflict in the Middle East, while investors positioned for central bank meetings next week.The U.S. currency has come under pressure largely due to the yen’s

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  • Explainer-What is the yen carry trade?

    Explainer-What is the yen carry trade?

    TOKYO, Sept 9 : With the recent surge in Japan’s currency to a seven-month high, investors are wondering if this is the beginning of the end of the yen carry trade that has been a pillar of global markets.That trade, which involves borrowing yen at a low cost to invest in higher-yielding assets, is being…

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  • Yen hovers near seven-month high, dollar steadies

    Yen hovers near seven-month high, dollar steadies

    NEW YORK, Sept 8 : The Japanese yen hovered near a seven-month high on Tuesday, while the dollar was little changed against major peers as a renewed rise in oil prices and higher U.S. Treasury yields kept investors cautious.The yen has gained nearly 5 per cent since last week, driven partly by several factors

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  • Yen pauses after rally as dollar firms

    Yen pauses after rally as dollar firms

    Sept 8 : The Japanese yen paused after rallying to near seven-month highs earlier on Tuesday, as inflation worries fuelled by a renewed surge in oil prices underpinned the dollar and Treasury yields. The yen strengthened to as much as 152.89 per dollar, surpassing levels reached during Japan’s July interv

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  • Yen climbs to seven-month high on hawkish BOJ bets

    Yen climbs to seven-month high on hawkish BOJ bets

    Sept 8 : The Japanese yen climbed to a near seven-month high on Tuesday, as growing expectations of a Bank of Japan rate hike next week sent bearish traders scurrying for cover, putting pressure on the dollar ahead of U.S. inflation data this week. The yen strengthened to as much as 152.89 per

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  • Japanese investors favoured foreign equities over bonds in August

    Japanese investors favoured foreign equities over bonds in August

    Sept 8 : Japanese investors made their biggest shift toward overseas equities in five months in August, pouring 1.3 trillion yen ($8.45 billion) into foreign shares while cutting holdings of overseas bonds, as strong global earnings boosted risk appetite.The net purchases of foreign equities were the largest

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  • Dollar bounces on job gains, then pares ahead of CPI

    Dollar bounces on job gains, then pares ahead of CPI

    NEW YORK, Sept 4 : The dollar jumped on Friday after data showed that U.S. employers added 162,000 jobs in August, well above the 56,000 additions expected by economists, boosting bets on a September Federal Reserve interest rate hike, but then pared much of the gains as traders waited on next week’s inflation data.

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  • Yen headed for strongest week in a month, dollar steady ahead of payroll data

    Yen headed for strongest week in a month, dollar steady ahead of payroll data

    HONG KONG, Sept 4 : The Japanese yen turned lower against the U.S. dollar on Friday after a two-day rally, but held on track for its strongest week in more than a month as traders raised bets on a Bank of Japan interest rate hike, while broader markets awaited U.S. payrolls data. The yen strengthened…

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  • Japan warns against weak yen, stands ready to intervene

    Japan warns against weak yen, stands ready to intervene

    TOKYO, Sept 4 : Japan’s top currency diplomat, Atsushi Mimura, said on Friday he remained on alert to exchange-rate moves, maintaining a warning on Tokyo’s readiness to intervene in the market to combat excessive yen declines.The remark came despite the yen’s 2 per cent jump against the dollar on Thursday, as

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  • Yen headed for strongest week in a month, dollar flat ahead of payroll data

    Yen headed for strongest week in a month, dollar flat ahead of payroll data

    HONG KONG, Sept 4 : The Japanese yen clung to its gains against the U.S. dollar on Friday and was on track for its strongest week in more than a month, as traders ramped up bets on a Bank of Japan interest rate hike and broader currency markets awaited U.S. payrolls data. The Japanese yen…

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