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Japanese yen weak, USDJPY rises past 160 on middling BOJ, Fed fears Apr 29, 2024 05:07AM

Investing.com-- The Japanese yen weakened further on Monday, seeing little relief after middling signals from the Bank of Japan and increased expectations of higher-for-longer U.S. interest rates put the currency close to levels last seen in 1986. 

The USDJPY pair- which pegs the number of yen required to buy one dollar, blew past the 160 level on after seeing what analysts described as a "flash crash" on Friday. Weakness in the yen came even with Japanese markets... (continue reading...)


Dollar slips, while yen soars after suspected intervention Apr 29, 2024 04:53AM

Investing.com - The U.S. dollar fell Monday ahead of the latest Federal Reserve meeting, while the yen soared amid speculation Japanese authorities have been intervening to try and stem its seemingly relentless decline.

At 04:45 ET (08:45 GMT), the Dollar Index, which tracks the greenback against a basket of six other currencies, traded 0.2% lower at 105.630, having climbed to 106.00 on Thursday. 

PCE data points to late rate cut

The dollar has edged lower at the start... (continue reading...)


Dollar slips, while yen soars after suspected intervention Apr 29, 2024 04:53AM

Investing.com - The U.S. dollar fell Monday ahead of the latest Federal Reserve meeting, while the yen soared amid speculation Japanese authorities have been intervening to try and stem its seemingly relentless decline.

At 04:45 ET (08:45 GMT), the Dollar Index, which tracks the greenback against a basket of six other currencies, traded 0.2% lower at 105.630, having climbed to 106.00 on Thursday. 

PCE data points to late rate cut

The dollar has edged lower at the start... (continue reading...)


Instant view: Japan's yen jumps 5 yen against dollar on suspected intervention Apr 29, 2024 01:57AM

(Reuters) - The yen jumped suddenly against the dollar on Monday, with traders citing yen-buying intervention by Japanese authorities to boost the currency that is languishing near 34-year lows. The dollar fell sharply to 155.01 yen from as high as 160.245 earlier in the day. Trade sources said Japanese banks were seen selling dollars for yen.

Traders had been on edge for any signs of action from Tokyo to prop up a currency that has fallen 11%... (continue reading...)


Japan's yen jumps against the dollar on suspected intervention Apr 29, 2024 12:53AM

By Rae Wee and Vidya Ranganathan

(Reuters) -The yen jumped against the dollar on Monday, with traders citing yen-buying intervention by Japanese authorities as a trigger for the bounce in a currency languishing at levels last seen over three decades ago.

The dollar tumbled to a low of 154.40 yen from as high as 160.245 earlier in the day. Banking sources said Japanese banks were seen selling dollars for yen. The U.S. currency was last trading... (continue reading...)


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