Browsing: yen

LONDON – Global shares rose on Tuesday, driven by a recovery on Wall Street, where investor focus is pinned on earnings reports from the U.S. megacaps, while the yen hit a new 34-year low against the dollar, prompting a warning from Japanese officials.

TOKYO – The dollar consolidated on Wednesday ahead of a key inflation report later in the day, while the yen remained a whisker away from what markets believe to be the line in the sand for Japanese authorities to intervene.

The yen hit a 34-year low against the dollar on Wednesday, just over a week after the Bank of Japan announced a much-anticipated interest rate hike in a shift away from years of ultra-loose monetary policy.

The dollar slipped on Monday, with the threat of currency intervention from Japanese authorities and a government-driven rally in China’s yuan weighing on the U.S. currency.

The Japanese yen tumbled on Tuesday after the central bank made the momentous, but widely anticipated, decision to end its negative interest rate policy, while the dollar rose ahead of the upcoming Federal Reserve decision on rates.

NEW YORK – The dollar rose to a more than one-week high on Friday after a mixed batch of data showed the U.S. economy remained stable with small pockets of weakness, suggesting the Federal Reserve could keep interest rates higher for longer or reduce the planned number of rate cuts this year.

The euro was a fraction firmer at $1.08455, sterling was up 0.13% at $1.2670 and the Japanese yen fluctuated around the closely watched 150 per dollar level

The yen surged by as much as 1.2% earlier on LONDON – The yen headed for a fourth weekly gain…

The yen fell against the dollar after staging its biggest rally in almost a year the day before Hannah Lang…

The Japanese currency was up around 0.12% at 148.91 per dollar in early European trading LONDON/SINGAPORE – The yen rose…