TAG: yen
US dollar drifts lower ahead of inflation data; yen nears 1990 lows
The dollar slipped on Monday in thin trading as investors focused on U.S. inflation data later this week, while the yen slipped to near 34-year lows versus the greenback as traders remained alert for any potential action from Japanese authorities to suppo...
6 months ago
Cherry blossoms to cheap Yen spur record tourist visits to Japan
Japan hosted a record number of tourists in March as the country’s early start to cherry blossom season and a weakening yen drew in holidaymakers.Visitors totaled 3.1 million in March, up almost 70% from a year earlier, and led by South Korea, Taiwan and...
5 months ago
Dollar eases, still close to 5-1/2 month high on Fed, Mideast focus
The dollar eased from near 5-1/2-month highs on Wednesday as Federal Reserve officials reiterated the rate-cutting cycle was on hold pending new economic data, while the monetary easing outlook for major central banks was roughly unchanged.Top U.S. centra...
5 months ago
Yen at multi-decade lows, dollar drops before US data
The yen hit a fresh 34-year low versus the dollar and a 16-year low against the euro on Thursday as investors expect a Bank of Japan policy meeting that ends on Friday to not be hawkish enough to support the Japanese currency.A day earlier, the buoyant do...
5 months ago
Yen rally is a lesson in the lost art of FX intervention
Japan's currency is enjoying an epic rally, heading for the biggest quarterly advance in years. That's quite a shift from a few months ago, when yen bulls were few and far between. Who can claim credit for this turnaround?Looming interest-rate cuts by the...
1 month ago