archiveYen

The U.S. dollar experienced a minor decline on Tuesday as the currency markets turned their attention to the ongoing developments in the Iran conflict. Meanwhile, the yen saw minor fluctuations amid perceptions of intervention by Tokyo, which previously led to significant gains for the Japanese currency last week.U.S. Defense Secretary Pete Hegseth confirmed that the ceasefire with Iran remained intact despite ongoing exchanges in the Gulf. This assurance comes as U.S. President Donald Trump prepares for an important meeting with Chinese President Xi Jinping.Shaun Osborne from Scotiabank highlighted the currency...

The U.S. dollar experienced a sharp fall against the yen and other major currencies on Thursday, following intervention by Japanese authorities. The move was aimed at strengthening the yen amid ongoing geopolitical tensions that have impacted global markets. Finance Minister Satsuki Katayama hinted at the need for decisive market actions earlier in the day.Japan's intervention followed signals from the Finance Ministry about measures to support the weakening yen, which had reached its lowest level against the dollar since July 2024. The dollar's drop, the largest since December 2024, came as...