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yen – XtremeCuztoms

Tag: yen

US Dollar Likely Has Further Upside Versus Yen Despite BOJ Move: Goldman

NEW YORK—The Bank of Japan, which widened the trading band for 10-year Japanese government bonds (JGBs) on Tuesday, may have inflicted damage on the dollar against the yen, but Goldman Sachs analysts said there was further room for the greenback to rise. On Tuesday, the dollar plunged as much as 4 percent against the yen,…


Princes of the Yen | Documentary

“Princes of the Yen” reveals how post-war Japanese society was transformed to suit the agenda of powerful interest groups, and how citizens were kept entirely in the dark about this. History is now repeating itself around the world. * Click the “Save” button below the video to access it later on “My List.” – Feature…


The Strong Dollar Is a Risk to Corporate Profits

Commentary  The strong dollar remains a risk to corporate profits and asset prices as the impact on the global economies grows. While many commentators argued the dollar would go bust due to the excessive debt levels in the United States, such has hardly been the case. In 2022, as the U.S. economy is the “cleanest…


BOJ Seen Sticking to Ultra-Low Rates, Defy Global Rate Hike Rush

TOKYO—The Bank of Japan is set to maintain ultra-low interest rates and its dovish policy guidance on Thursday, a decision that comes hours after its U.S. counterpart’s expected big rate hike and could trigger a fresh bout of yen selling. The policy gap between the Bank of Japan (BOJ) and the U.S. Federal Reserve has…


Nearly Half of Japan Firms See Weak Yen as Bad for Business: Survey

TOKYO—Nearly half of the Japanese companies see the weak yen as bad for their business, a private survey showed on Tuesday, suggesting the currency’s recent sharp decline is hurting business sentiment and clouding the economic outlook. The yen’s decline to a 24-year low against the dollar is inflating the cost of raw material imports, hurting…


Japan Edges Closer to Intervention in Yen After Rare Government, Central Bank Joint Statement

TOKYO—Japan’s government and central bank said on Friday they were concerned by recent sharp falls in the yen in a rare joint statement, the strongest warning to date that Tokyo could intervene to support the currency as it plumbs 20-year lows. The statement underscores growing concern among policymakers over the damage that sharp yen depreciation…


Yen to Snap Record Losing Streak on Intervention Worries; Euro Jumps

LONDON—The Japanese yen briefly fell to a fresh two-decade low on Wednesday after the Bank of Japan stepped into the market again to defend its ultra-low interest-rate policy, drawing a sharp contrast with the United States where bond yields hit new highs. But the Japanese unit bounced in London trading as increased nervousness around verbal…


BOJ’s Kuroda Says Yen’s ‘Quite Sharp’ Moves May Hurt Businesses

TOKYO—Bank of Japan Governor Haruhiko Kuroda said on Monday the yen’s recent moves had been “quite sharp” and could hurt companies’ business plans, offering his strongest warning to date of the risks stemming from the currency’s depreciation. Kuroda said there was no change in his assessment that, overall, a weak yen was good for the…


Japan’s Yen Bounces Briefly After Kuroda Comments

SINGAPORE—The yen won a brief reprieve after hitting fresh two-decade lows from Japanese policymaker comments on Monday, even as holidays confined the U.S. dollar to narrow ranges against most other currencies. The yen fell to a two-decade low of 126.795 in early Asian trading, before both Bank of Japan Governor Haruhiko Kuroda and Finance Minister…


Japanese Yen Falls to 20-year Low as Dollar Outlook Bright

LONDON—The Japanese yen weakened past the 126 yen per dollar mark on Wednesday for the first time since 2002, while the euro was pinned at a one-month low as investors bought the U.S. currency after hawkish comments by Federal Reserve officials. The prospect of fast and aggressive U.S. interest rate hikes and growing market expectations…