Stories tagged “Japanese Yen.”
11 stories
Japan's central bank increased its main interest rate to 1.25%, a 31-year high, continuing its shift from ultra-low borrowing costs amid rising prices and a weak yen. This move aims to curb inflation and align with global central bank tightening efforts.
Will Bessent’s intervention mark a turning point for the yen?
US Treasury Secretary Scott Bessent backs the late-July joint US-Japan intervention to succeed, citing the yen's undervaluation against the dollar. Analysts at ING believe the yen is around 20% undervalued, with a fair-value model showing this gap has persisted through 2026.
Asia FX ticks up, dollar dips after soft U.S. PPI curbs Fed hike bets
Asian currencies ticked higher on Friday and the dollar weakened slightly after subdued U.S. inflation data further reduced expectations of a Federal Reserve interest-rate hike in the near term. Most units were little changed, restrained by lingering Middle East tensions …
Bitcoin reached a new August high as markets anticipate key US inflation data, with expectations shifting towards a Federal Reserve interest-rate pause rather than a hike.
How coordinated currency buying interventions work
Coordinated currency interventions involve multiple governments buying an under-pressure currency to boost demand and signal commitment, as seen in the recent Japan-U.S. effort to strengthen the yen against the dollar.
Strategist explains why U.S. yen support is built to fail
U.S. efforts to support the Japanese yen are unlikely to produce a lasting recovery as Japan's economic policies, interest-rate gap, and preference for a weaker currency continue to work against the intervention, according to Yardeni Research.
Asia FX mixed with U.S.-Iran talks in focus; yen dips after intervention-led rally
Asian currencies traded mixed on Tuesday as investors awaited fresh developments on proposed U.S.-Iran negotiations, while the Japanese yen weakened slightly after rallying on last week’s coordinated U.S.-Japan currency intervention.
Japan and the US have jointly intervened to halt a slide in the yen to a fresh 40-year low. The joint intervention is the first since 2011, when both countries took coordinated action to weaken the yen after the devastating earthquake and tsunami that hit eastern Japan.
Dollar suddenly falls against yen, traders on alert for further intervention
The US dollar suddenly dropped against the yen on Monday, reversing gains made earlier in the session, keeping traders on alert for further intervention by authorities to shore up the Japanese currency.
Exclusive-Bessent’s ’to do’ list: buy $5-10 billion worth of Japanese yen, Reuters photo shows
U.S. Treasury Secretary Scott Bessent's 'to-do' list during a cabinet meeting at Camp David shows he is contemplating U.S. purchases of $5 billion to $10 billion worth of Japanese yen.
Citi sees yen weakness tied to Japanese equity strength
Citi attributes the yen's current weakness to historically high Japanese equity levels, which prompt investors to sell yen for rebalancing and hedging. The bank suggests continued stock gains will keep the yen under pressure.