Tag - dollar

 
 

DOLLAR

Investing in Japanese stocks becomes harder if the yen continues to weaken, head of Japan active investments at BlackRock warns.
BUSINESS / Markets
May 13, 2024
BlackRock warns weak yen deters foreigners from Japan stocks
The Nikkei 225 has declined more than 6% amid concerns the currency is becoming a liability for domestic consumer spending and import costs.
Bank of Japan Gov. Kazuo Ueda speaks to reporters on Tuesday at the Prime Minister's Office following a meeting with Prime Minister Fumio Kishida.
BUSINESS / Economy
May 8, 2024
BOJ’s Ueda tweaks weak yen remarks in possible hint of rate hike
Yen weakness has escalated despite Japan’s first interest rate hike since 2007 in March.
Masato Kanda, vice minister of finance for international affairs, reiterated the currency authorities' readiness to step into the market for speculative-driven foreign exchange moves.
BUSINESS / Markets
May 7, 2024
Japan warns of action over rapid currency moves
Comments by the government's top currency diplomat, Masato Kanda, reinforced Tokyo's readiness to intervene again to support a fragile yen.
One analyst said Japanese policymakers "hid the intervention well," pointing to the ways they may have used to fund currency interventions recently.
BUSINESS / Markets
May 6, 2024
Market hunts for signs of yen intervention in Fed accounts
Recent data suggests that Japanese policymakers may have funded currency interventions using a Fed facility where central banks stash overnight cash.
An electronic screen displays a graph showing Japanese yen exchange rates surging against the dollar amid signs of intervention by authorities, in Tokyo on Thursday.
BUSINESS / Markets
May 3, 2024
Japan's May 1 intervention may have cost ¥3.66 trillion, BOJ data suggests
The yen was at around ¥157.55 per dollar when it suddenly spiked, strengthening as far as ¥153 over the next half hour.
Although current FX interventions are not yet a significant concern for the U.S. Treasury market, large-scale interventions by major holders like Japan or China could pose risks in the future.
COMMENTARY
May 2, 2024
U.S. bonds brace for impact of Japan’s currency moves
Japan holds substantial dollar reserves, but if depleted, it might resort to selling U.S. bonds, though other measures would likely be considered first.
The weak yen impacts the airline industry multiple ways, as it boosts foreign currency revenue from international flights but negatively affects travelers from Japan.
BUSINESS / Companies
May 2, 2024
Japan firms reach pain threshold as yen keeps testing lows against the dollar
The currency's sustained decline makes planning difficult for all firms and can add costs across the whole supply chain.
An electronic screen in Tokyo displays the yen exchange rate against the U.S. dollar and the graph showing its recent swings, on Thursday.
BUSINESS / Markets
May 2, 2024
Yen swings stir talk that Japan is in the FX market once again
The yen advanced more than 3% and hit ¥153.04 per dollar as more than $4 billion of yen-related futures were exchanged.
An electric screen displaying the Nikkei share average and yen exchange rate against the U.S. dollar outside a brokerage in Tokyo on Friday.
BUSINESS / Economy / ANALYSIS
May 1, 2024
For Japan Inc., the weak yen may be too much of a good thing
The currency's weakness has pushed up costs of raw materials, food and fuel.
The root cause of yen weakness lies in the U.S., not Japan, with the currency falling to its weakest since around 1990.
COMMENTARY / Japan
May 1, 2024
Japan should leave its currency bazooka at home
The root cause of yen weakness lies in the U.S., not Japan. That makes the latter's options very limited.
A man walks past an electronic board displaying the exchange rate for the yen against the U.S. dollar (right) in Tokyo on Tuesday.
BUSINESS / Markets
Apr 30, 2024
Did Japan intervene to prop up the yen? Analysts think it did.
The size and timing of the swing indicates that the government stepped in after the currency fell significantly.
Finance Minister Shunichi Suzuki has reiterated the government's readiness to take an appropriate action as the yen continues to slide against the U.S. dollar.
BUSINESS / Markets / FOCUS
Apr 28, 2024
When will Japan intervene to support the yen?
The yen hit a 34-year low past ¥158.40 per dollar in U.S. trading on Friday, after the BOJ announced a decision to keep its monetary policy unchanged.
The Anegasaki gas-fired power station in Chiba Prefecture
BUSINESS
Apr 26, 2024
Rapidly weakening yen threatens higher power bills
Pricier power illustrates the far-reaching impact of the yen’s decline.
Currency rates at an exchange shop in Tokyo on Friday.
BUSINESS
Apr 26, 2024
Yen swoons in jittery trading in wake of BOJ standing pat
The yen’s extended slump has heightened speculation that authorities may intervene in the market.
Exporters will be helped both by the stronger dollar, and also by their exposure to the U.S. economic resilience.
BUSINESS / Markets
Apr 25, 2024
Dollar wrecking ball forces investors to seek cover in exporters
Those with significant dollar earnings are set for a windfall, with major beneficiaries including heavyweight Asian chipmakers.
The dollar's resurgence has come on the back of a slew of signs that the U.S. economy avoided the slowdown many anticipated.
BUSINESS / Markets
Apr 23, 2024
U.S. dollar’s extended reign delivers stark wake-up call to markets
Global investors are talking about "U.S. exceptionalism” after a predicted slowdown to the nation's economy didn't transpire.
Ideal or not, the reality of the world is that one currency, the U.S. dollar, is first among equals.
COMMENTARY / World
Apr 18, 2024
Asian currencies can't fight the dollar on a rampage
Markets tend to reflect economic performance. And ideal or not, the reality of a world is one currency, the U.S. dollar, is truly first among equals.
Finance Minister Shunichi Suzuki (left), U.S. Treasury Secretary Janet Yellen (center) and South Korean Finance Minister Choi Sang-mok meet on the sidelines of International Monetary Fund and Group of 20 meetings, at the U.S. Treasury in Washington on Wednesday.
BUSINESS / Economy
Apr 18, 2024
U.S. nods to concerns from Japan and South Korea over slumping currencies
Washington's acknowledgement of concerns may lay the groundwork for intervention, some analysts said.
China's yuan is at five-month lows and has lost 1.9% to the dollar this year as foreign investors pull more money out of its struggling markets.
BUSINESS / Economy / ANALYSIS
Apr 16, 2024
China's cycle of dollar hoarding and weakening yuan gets vicious
Analysts say one of two things needs to happen to end the downward spiral, but both seem distant.
Finance Minister Shunichi Suzuki warns he’s ready to take action in the foreign exchange market after the yen fell further past ¥154 to the dollar.
BUSINESS / Markets
Apr 16, 2024
Japan’s tepid warning on yen fuels renewed weakness ahead of IMF
The finance minister’s comments come after the yen set a fresh 34-year low of ¥154.45 following stronger than expected U.S. retail sales figures.

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