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Yen drops as hopes of December BOJ pivot fade, China's yuan slides

Monday,   11-Dec-2023   03:30 (IST)

The U.S. dollar rallied against Japan's yen on Monday after a report said the Bank of Japan saw little need to end negative interest rates in December, contrary to some investors' expectations. Meanwhile, China's yuan fell to a three-week low after data showed deflation in the country worsened in November. The greenback rose as high as 146.46 yen and last bought 146.08 yen, up 0.78%. That reversed some of the steep fall against the Japanese currency late last week, when bets grew that the Bank of Japan may end negative interest rates as soon as next week. Bloomberg reported on Mond...

Asian currencies, equities fall ahead of key cenbank meetings

Monday,   11-Dec-2023   11:35 (IST)

Asian emerging currencies and equities fell on Monday ahead of key central bank meetings during the week, with the U.S. inflation reading and the Federal Reserve's last policy meeting for the year...

Dollar steady with US inflation, Fed meeting eyed; yuan heavy

Monday,   11-Dec-2023   08:11 (IST)

The dollar started Monday on the front foot, with a reading on U.S. inflation and the Federal Reserve's last policy meeting for the year likely to set the tone for the week, while rising deflation...

Yen stands firm after BOJ-inspired bull run; US jobs up next

Friday,   08-Dec-2023   03:45 (IST)

The yen headed for a fourth weekly gain against the dollar on Friday, after its biggest rally in almost a year the day before, driven by a burst of optimism among traders that Japan’s ultra-low ...

Sterling heads for weekly dive versus robust yen

Friday,   08-Dec-2023   03:44 (IST)

The pound closed in on its largest weekly fall against the yen in a year on Friday, driven by a strong cash flow into the Japanese currency after authorities in Tokyo hinted at a long-awaited change i...

Asia FX muted with nonfarm payrolls in sight; Yen scales 4-mth peak

Friday,   08-Dec-2023   01:37 (IST)

Most Asian currencies moved little on Friday as traders positioned for a potentially softer U.S. nonfarm payrolls reading, while the yen sat near a four-month high to the dollar tracking hawkish signa...

Yen rallies on hints of BOJ policy shift

Friday,   08-Dec-2023   08:19 (IST)

The yen extended its towering rally on Friday and marched toward its best week against the dollar in nearly five months, as traders ramped up expectations that the end of Japan's ultra-low interes...

Yen roars, bonds flinch as Japan teases rates shift

Thursday,   07-Dec-2023   04:16 (IST)

Japan's long-suppressed yen surged and global bond and stock markets flinched on Thursday, as Tokyo's monetary policymakers gave their clearest hints yet that the exit from ultra-low interest ...

Euro sags, yen jumps as investors bet on BOJ shift

Thursday,   07-Dec-2023   03:22 (IST)

The euro grazed a three-week low on Thursday, driven by mounting expectations that the European Central Bank (ECB) may cut rates as early as March, while the prospect of a shift in Japanese policy gav...

Asia FX muted with US labor data in focus; Yen buoyed by BOJ

Thursday,   07-Dec-2023   01:05 (IST)

Most Asian currencies moved little on Thursday as markets remained on edge before key U.S. labor data, while the yen appreciated as Bank of Japan Governor Kazuo Ueda offered more cues on a potential p...