The yen’s elevated volatility is spurring talk of intervention. But the Bank of Japan may be powerless to halt the currency’s rise. Swings in the yen climbed to an 11-year high this week, suggesting that policy makers could have stepped in as the currency surged to the strongest since October Read more…
The Japanese yen tumbled against the U.S. dollar following reports that President Donald Trump will soon announce easing measures to support the economy. The USD/JPY pair jumped 2.6% to 104.91 by 12:30 AM ET (04:30 GMT). Japanese Prime Minister Shinzo Abe said the government will work closely with the Bank of Japan Read more…
The dollar dived against the euro and yen on Monday as a slump in oil prices combined with coronavirus fears to drive U.S. yields to once-unthinkable lows. Oil prices collapsed 30% after Saudi Arabia stunned markets with a pledge to slash prices and boost production following the collapse of an Read more…
The U.S. dollar index was little changed on Thursday in Asia despite the release of strong economic data. The U.S. dollar index that tracks the greenback against a basket of other currencies was little changed at 97.302 by 1:14 AM ET (05:14 GMT). ISM nonmanufacturing data for February showed an uptick to 57.3, beating expectations Read more…
The U.S. dollar inched up on Wednesday in Asia after the U.S. Federal Reserve cut interest rates by half a percentage point as expected. The U.S. dollar index that tracks the greenback against a basket of other currencies was up 0.1% to 97.205 by 12:33 AM ET (04:33 GMT). “My colleagues and Read more…
The Chinese yuan rose against the U.S. dollar on Monday in Asia despite the release of downbeat manufacturing data. The USD/CNY pair lost 0.3% to 6.9687 by 11:35 PM ET (03:35 GMT). The Caixin/Markit Manufacturing Purchasing Managers’ Index came in at 40.3 for February, which was its lowest reading since the survey was launched Read more…
Prices of the Japanese yen surged on Friday in Asia as traders rushed to safe-haven assets following an increase in new coronavirus cases outside of China. The USD/JPY pair lost 0.6% to 108.92 by 12:05 AM ET (04:05 GMT). U.S. stocks were in freefall this week, while Asian equities also plunged. Most Read more…
The Euro and the pound both traded higher on Thursday in Asia ahead of U.K. and EU trade talks that were set for March 2. The EUR/USD pair and the GBP/USD pair rose 0.3% and 0.2% respectively by 1:45 AM ET (05:45 GMT). Despite the gains today, traders are concerned that tough rhetoric from Read more…
The U.S. dollar inched up on Wednesday in Asia, but the gains were capped as Federal health authorities warned that they expect a wider spread of the coronavirus in the state. Nancy Messonnier, director of the National Center for Immunization and Respiratory Diseases at the Centers for Disease Control and Read more…
Don’t write off the yen as a haven. It’s true that Japan’s currency has failed to break out of a relatively narrow range against the dollar in recent years — despite a trade war, tensions in the Middle East and North Korea, Brexit and now a deadly viral outbreak. But Read more…
