Yen hits 4-week high as intervention questions circulate
NEW YORK/LONDON (Reuters) -- The yen hit an almost four-week high against the U.S. dollar on Friday, raising speculation that...
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Yen Is Under Pressure Even as Japan Steps Up Its Verbal Warnings
(Bloomberg) -- The yen remained under pressure and close to key levels against the dollar Monday, even as Japan’s top...
Asian Currencies in Focus as Japan Warns on Yen: Markets Wrap
(Bloomberg) -- A gauge of Asian currencies slipped for a third session, kicking off a week that includes measures of...
Japan Says It’s Ready to Intervene in Currency Markets 24 Hours a Day If Needed
The yen inched lower toward a key level against the dollar Monday, even as Japan’s top currency official warned that authorities stand ready to intervene in currency markets 24 hours a day if necessary. “If there are excessive currency fluctuations, it has a negative impact on the national economy," said Vice Finance Minister Masato Kanda. “In the event of excessive moves based on speculation, we are prepared to take appropriate action." Kanda was speaking as the yen traded ever closer to 160 to dollar and the weak point of 160.17...
Dollar winning streak extends into fifth week as yen slumps
A key gauge of dollar strength is extending its winning streak into a fifth week as the timing for the...
Unwinding of hugely popular currency trade rocks markets
A sharp drop in Mexico’s currency after a landslide election result has shaken foreign exchange markets as far as Hungary...
Opinion | Is another Asian currency crisis coming? Keep an eye on China’s yuan
This has prompted much chatter about the danger of a new Asian financial crisis similar to the one that struck...
The high stakes trade that can move entire currencies
The U.S. dollar has, somewhat erratically, been getting stronger this year. A currency’s strength is of course based on its...
Opinion | A strong US dollar could bring Asia more pain, especially if Trump wins
Is this all US$60 billion worth of central bank interventions in global foreign exchange markets buys you these days? It...
Why USD Is the World’s Reserve Currency
The currency is big, stable and entrenched in the global economy — which is also why it’s become a compelling...
