Japan immigration offices swamped by huge queues ahead of 20-fold visa fee hike The new charges come into effect on 1 October The Independent UK · Sep 29
Dollar set for weekly gains as yields surge, Fed bets build The dollar has achieved consecutive weekly gains for the first time in over three months, bolstered by rising Treasury yields. Anticipations of additional rate hikes from the Federal Reserve are enhancing the currency's strength against competitors like the euro and sterling. Meanwhile, the Japanese yen falters as market participants scrutinize… The Economic Times · Sep 25
Yen slumps to two-week low after BOJ rate hike underwhelms The Japanese yen faced a sharp decline against the dollar in the aftermath of the Bank of Japan's recent interest rate hike. This decision, which did not sit well with two dissenting policymakers, has sparked skepticism about forthcoming monetary policy adjustments. On a different note, easing oil prices reflected diminished… The Economic Times · Sep 18
Yen stands tall as dollar wobbles, oil's run towards $100 chills sentiment The Japanese yen marked a significant climb on Wednesday, nearing its highest level since February as oil prices soared toward $100 per barrel due to escalating tensions in the Middle East. This development has made the U.S. dollar vulnerable against key currencies. Market participants are keenly awaiting U.S. inflation data… The Economic Times · Sep 9
The yen's sudden surge upsets the carry trade faithful The Japanese yen is experiencing a significant rally as anticipation grows for an interest rate hike from the Bank of Japan. This rapid rise is causing turmoil in the once lucrative yen carry trade, prompting investors to reevaluate their currency strategies. With cross-border yen loans hitting all-time highs, traders are… The Economic Times · Sep 8
Global Market: Yen rally threatens to unravel lucrative carry trade ahead of BOJ rate decision The Japanese yen has surged ahead of an expected Bank of Japan rate hike next week, disrupting the long-standing yen carry trade and prompting investors to unwind bearish yen positions. The yen strengthened to 152.89 per dollar, while markets now price a 97% probability of a 25-basis-point BOJ hike to… The Economic Times · Sep 8
Yen headed for strongest week in a month, dollar flat ahead of payroll data This week, the Japanese yen appreciated considerably against the US dollar, as traders are anticipating a potential interest rate hike from the Bank of Japan. Meanwhile, the broader currency markets are gearing up for important US payroll data releases. Federal Reserve officials suggested that if inflation eases, there may be… The Economic Times · Sep 4
Dollar holds firm as Middle East hostilities lift oil The dollar rose significantly on Wednesday due to climbing oil prices prompted by renewed conflicts in the Middle East, which rattled global markets. In addition, increasing Treasury yields fueled expectations of a potential rate hike by the Federal Reserve. Although recent economic reports underperformed, the market's outlook shifted positively towards… The Economic Times · Sep 2
Wall Street is bemused by Bessent's bond plan and an unwinding punt on the Japanese yen—he's hinting he knows something the markets don't "What do I know that the market doesn’t know?" Fortune · Aug 21
US dollar at 3-month low as Treasury moves to soothe bond jitters The U.S. dollar weakened near three-month lows as Treasury bond buybacks calmed markets. Long-term Treasury yields retreated from recent nineteen-year highs after the Treasury's announcement. Federal Reserve meeting minutes revealed policymakers' concerns about persistent inflation and potential rate hikes. The Japanese yen found some relief from its recent sharp depreciation… The Economic Times · Aug 20
Dollar hugs three-month lows as Treasury seeks to sooth the bond market On Thursday, the U.S. dollar faced notable declines, approaching its lowest point in three months. In a bid to stabilize the bond market, U.S. Treasury disclosed plans to double its buyback operations. Meanwhile, long-end Treasury yields fell from a nineteen-year peak. Meeting minutes from the Federal Reserve underscored concerns about… The Economic Times · Aug 20
Why the Aussie dollar is climbing back towards a 36-year high against the yen The Australian dollar is once again climbing against the Japanese yen, back towards its highest level in decades. If you have an overseas holiday booked for Japan, you’re in luck. Your dollars will go significantly further. The Conversation · Aug 11
US defends dollar as yen weakness threatens global currency order The US treasury has stepped in to bolster the Japanese yen and several other currencies, signaling a potential decline of the dollar and hints of global economic turbulence. Historical patterns illustrate a downturn in imperial economic dominance. For India, navigating the complexities of changing global alliances and economic dependencies poses… The Economic Times · Aug 10
Yen finds footing after intervention, dollar near 6-week low on Mideast hopes Currency markets took a breather as the Japanese yen gained traction, influenced by recent intervention measures. Meanwhile, the U.S. dollar index lingered near its six-week lows, buoyed by positive developments in the Middle East. Falling oil prices alleviated concerns about potential supply disruptions, leading traders to adjust risk premiums and… The Economic Times · Aug 5
The Economic Times · Aug 3 Yen holds gains after Japan, US confirm joint intervention, signal more action Japan and the United States intervened jointly to support the Japanese yen currency. This rare action aimed to prevent further declines and global economic spillovers. Central bank data suggests Japan spent billions of dollars during the intervention. Officials vowed to take further coordinated action if needed to stabilize the yen.…
The Independent UK · Aug 3 Asian stocks are mixed as yen jumps against the dollar, while oil prices Asian shares are mixed after the U.S. and Japan confirmed they had acted to prop up the value of the Japanese yen against the U.S. dollar
The Independent UK · Aug 3 US dollar weakens sharply against the Japanese yen after market interventions The U.S. dollar has weakened sharply against the Japanese yen after U.S. President Donald Trump and Japan's finance minister confirmed both sides had intervened in markets
The Guardian - US · Aug 1 Bessent ‘to-do’ list shows proposal for US to buy $5bn-$10bn of Japanese yen Treasury secretary’s notepad, photographed by Reuters on Friday morning, prompts questions over US plans
The Economic Times · Jul 31 Global Market | A history of Japan's biggest interventions to support the yen The Japanese yen recorded its strongest one-day gain against the U.S. dollar in nearly two years after suspected intervention by Japanese authorities. The move adds to a long history of currency market interventions, from the Plaza Accord to recent efforts to curb excessive yen volatility.
The Economic Times · Jul 31 Yen weakens after intervention-led surge ahead of BOJ policy decision The Japanese yen faced renewed pressure after Tokyo intervened in currency markets. The dollar gained as traders questioned the US Federal Reserve's inflation stance. Japan conducted yen-buying intervention, pulling the currency from four-decade lows. The Bank of Japan is expected to keep interest rates steady at one percent. Analysts anticipate…
International Business Times UK · Jul 30 Japanese Yen Rockets Against US Dollar Amid Suspected Tokyo Market Intervention The Japanese yen surged against the US dollar, likely due to an unannounced market intervention by Tokyo authorities, marking its largest single-day gain since 2022 amid high trading volumes.
The Economic Times · Jul 23 US-Iran tensions underpin dollar as yen nears 40-year low The dollar stabilized on Thursday as U.S.-Iran tensions increased investor caution. Rising oil prices fueled inflation fears and supported the safe-haven dollar. The Japanese yen languished near a forty-year low with little recovery in sight. European Central Bank is expected to hold rates steady but may hike later. Australian and…
The Economic Times · Jul 14 Dollar steady before US inflation data, yen under pressure The dollar remained steady as traders awaited United States inflation data. Middle East tensions caused oil prices to increase significantly on Monday. The Japanese yen held a soft tone due to intervention concerns and policy comments. Federal Reserve officials indicated potential rate hikes if inflation persists above target. Investors are…
The Economic Times · Jul 10 Rupee slips on week as Iran flare-up spurs caution, merchant hedging The Indian rupee ended nearly unchanged on Friday, but the week closed on a weaker note. Investor caution grew amid renewed hostilities in the Middle East, impacting oil-affiliated currencies. Meanwhile, global stock markets thrived, propelled by AI innovation and SK Hynix's entry in the US. The Japanese yen gained momentum…
The Economic Times · Jul 9 Dollar stands tall as Gulf tensions fuel oil price surge, Fed hike bets The U.S. dollar held firm against major currencies on Thursday. Renewed Gulf tensions revived safe-haven bids, boosting the dollar's strength. Surging oil prices also fueled rate hike bets, keeping the yen under pressure. The Japanese yen struggled near a 40-year trough against the dollar. U.S. Treasury yields rose as markets…