JPY
USD/JPY Showing Signs Of Weakness Again
…Monday Dollar/Yen increased slightly with almost 90 pips, not matching the negative Interbank sentiment at bellow -70%. The currency couple appreciated from 76.34 to 77.21 yesterday, closing the day at 76.78. This morning the Dollar is showing some weakness…
Nikkei pares gains on econ concerns, strong yen
* Concerns about key export markets keep Nikkei in check * Investors had also been waiting for China data * Shippers underperform on report of slow freight activity TOKYO, Aug 23 (Reuters) – The Nikkei average pared gains after rising on broad-based b
UPDATE 2-Japan tries to scare off yen speculators
* Finmin: Excessive yen rise hinders recovery from quake * Says govt mulling economy steps if yen rises persist * Yen hovering near record high vs dollar hit last week * U.S. monetary policy could keep dollar weak for some time (Adds quotes, details,
Strong yen forcing Japan producers overseas -Nikkei
…under 47 percent of executives who responded to the Nikkei wanted the Japanese government to intervene again in currency markets to weaken the yen, with 46 percent urging a cut in corporate taxes to help cope with cost-inflating currency rates. This discussion…
UPDATE 1-Japan Noda: watching if speculation causing yen rise
…for another round of intervention but doubt whether it would be effective in sustainably weakening the yen, particularly with little chance that Tokyo can persuade its G7 counterparts to act jointly in the currency market. (Reporting by Tetsushi Kajimoto;…
Euro Falls Versus Dollar Before Bernanke Speech; Yen Tumbles
…yen fell 0.3 percent to 76.80 per dollar, after reaching a post-World War II high of 75.95 Aug. 19. The Japanese currency declined 0.1 percent to 110.33 per euro. The Fed may sell shorter-term maturity securities held in its portfolio and buy longer-duration…
Intervention Fears, U.S. Monetary Easing Keep Yen Volatile
…(Nikkei)–The Japanese currency will continue to be volatile amid mounting vigilance about another round of yen-selling intervention and speculation surrounding additional monetary easing in the U.S. read full article… This article is available to Nikkei.com…
UPDATE 1-JBIC to lend Chubu Elec 100 bln yen to buy LNG-Nikkei
…with the situation caused by the Hamaoka shutdown, the Development Bank of Japan has provided a 100 billion yen emergency loan, the daily reported. In addition, Bank of Tokyo-Mitsubishi UFJ, Mizuho Corporate Bank and Sumitomo Mitsui Banking Corp are expected…
Mighty Yen Spurs Output Exodus, Foreign M&As
…and Nissan Motor Co. (7201) are among a host of firms ramping up overseas production to cope with the rising yen, while Mitsubishi Chemical Holdings Corp. (4188) plans to leverage the currency’s strength by buying up companies abroad.
Euro Declines as Stocks Pare Gains; Yen Tumbles on Concern Japan Will Act
… “Everyone is focusing on equities and taking their cues from that,” said Andrew Cox, a New-York based currency strategist at Citigroup Inc. “The euro has traded in a very tight range and we don’t see a catalyst for that to change, at least before Friday.”…
USD/JPY Makes An All-Time Low!
USD/JPY made an all-time low last Friday, just touching below 76 for the first time before bouncing back higher. This has prompted the rhetoric to pick up, as the BOJ further threatens intervention. However, it is likely that the BOJ won’t do anything until after Bernanke’s speech on Friday as the world waits to see [...]
Intervention fears weigh on yen
…be considering returning to the market to sell the yen, following its largely unsuccessful attempt to weaken the currency on August 4. Lee Hardman at Bank of Tokyo-Mitsubishi UFJ said another bout of unilateral intervention could occur in the near-term, although…
Yen retreats on intervention warnings
…threatens again to intervene in the currency market; rising Aussie dollar wrecks manufacturing industry. Toshi Maeda reports. “Yen retreats on intervention warnings” is categorized as “business”. This video was licensed from Grab Networks.
USD/JPY Shakes On BoJ Intervention Fears
…Friday Dollar/Yen continued decreasing insignificantly with almost 100 pips, matching the negative Interbank sentiment at almost -80%. The currency couple depreciated from 76.97 to 75.93 on Friday, closing the week at 76.50. This morning the Dollar jumped…
Concern in Japan by the stronger yen since the Second World War
…Finance Minister, Yoshihiko Noda, said it would take “strong measures” if necessary to weaken the yen, currency trading at record highs against the dollar. The dollar reached 75.95 yen changed by markets in New York, its lowest level since the Second World…
Japan finance minister warns against yen’s rise
…moves after the unit hit a post-war high against the dollar Friday. “I’m worried that recent one-sided yen moves have been strengthening,” Noda told reporters Monday. “I will take decisive actions if necessary without excluding any possible measures, while…
Japan ‘ready to intervene’ on yen
…speech on Friday in Jackson Hole, Wyoming, and US payrolls data on September 2nd, may also wipe out any yen-weakening effect if Tokyo acts now. Any currency intervention and monetary easing would thus be more of a symbolic attempt to show the authorities’…
FOREX-Dollar up vs yen, investors brace for Japan intervention
…might stall is at 78.60 and 79.22 levels – the 61.8 percent and 76.4 percent Fibonacci retracements of the dollar/yen slide to record lows post-intervention. The euro was flat on the day at $1.4400, having slipped to $1.4347 in earlier trade, while it was…
The yen fluctuated against the dollar with the beginning of the week
…after it recorded the lowest of 1.6469, and as of this writing it is trading at 1.6493. On the short term the currency faces a resistance at 1.6530 which could support the downside movement for the pair, as the momentum indicators show the pair is in an overbought…
Yen Weakens Amid Japan Intervention Watch
…pegged orders to sell the dollar-yen ahead of the end of the fiscal first half at the end of September, said Citibank Japan chief currency strategist Osamu Takashima. Mr. Takashima said that based on a simple model, recent falls in short-term Japanese government…
