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HONG KONG, April 16, 2024 (AFP) – Asian stocks fell and oil prices climbed Tuesday on growing fears of a wider war in the Middle East after Israel’s army chief vowed a response to Iran’s unprecedented attack on his country at the weekend. The selling came after Wall Street’s three main indexes tanked in response to forecast-beating US retail sales data that reinforced the view that the world’s top economy remained in rude health and […]
TOKYO, Nov 1, 2023 (AFP) – Japan’s top currency official said on Wednesday that Tokyo was “on standby” to intervene after the yen fell to a new year-low against the dollar and plunged against the euro, Bloomberg reported. The yen dropped below 151 against the dollar overnight after the Bank of Japan further loosened its control of bond yields but stuck with sub-zero short-term interest rates. Against the euro, the Japanese currency fell to its […]
LONDON, Oct 3, 2023 (AFP) – The dollar rose above 150 yen on Tuesday for the first time in a year, as the Japanese currency weakened further on a mix of ultra-loose monetary policy in Japan coupled with rising US interest rates that are attracting investors to the greenback. In mid-afternoon trading, the dollar/yen rate hit 150.16, a level not seen since October 2022, before falling back. Analysts say the yen’s decline could prompt the […]
HONG KONG, China (AFP) – The yen held onto gains Wednesday and equity markets were mixed after plunging the day before in response to the shock Bank of Japan decision to shift away from its ultra-loose monetary policy. The move to allow yields on certain government bonds to move in a wider band was seen as a precursor to a possible interest rate hike next year, finally bringing the central bank in line with others around […]
Tokyo, Japan | AFP | by Katie Forster The falling yen hit 150 per dollar for the first time since 1990 on Thursday, driven down by the contrast between Japanese monetary easing and aggressive US interest rate hikes. The currency has plunged from February levels of around 115 as the Bank of Japan sticks to its longstanding ultra-loose policies, designed to encourage sustainable growth in the world’s third-largest economy. At the same time the US […]
by Sara HUSSEIN Agence France Presse TOKYO, Japan (AFP) — The yen sank to a fresh 24-year low against the dollar on Thursday, with the greenback surging to nearly 146 after Japan’s central bank left its ultra-loose monetary policy unchanged, a day after the Federal Reserve ramped up interest rates and warned of more to come. The yen has taken a beating in recent months as the Japanese central bank hews to a decade-old policy […]
TOKYO, Japan (AFP) – Japan’s central bank on Wednesday conducted an operation often seen as a precursor to currency intervention, local media said, as the yen continues to crater against a strengthening dollar. The financial daily Nikkei and other local media said the Bank of Japan (BoJ) carried out a “rate check”. A Bank spokesman contacted by AFP declined to comment. A rate check involves asking market participants about their foreign exchange trading, said Toshikazu […]
HONG KONG, China (AFP) — Markets tumbled in Asia and Europe on Monday to extend a global rout while the dollar soared after a forecast-beating US inflation print ramped up bets on a more aggressive campaign of Federal Reserve interest rate hikes. Fresh Covid outbreaks in Shanghai and Beijing have also seen authorities reimpose containment measures soon after lifting them, leading to fears about the world’s number two economy. The possibility of more restrictions […]
by Etienne BALMER Agence France Presse TOKYO, Japan (AFP) — The yen plunged to its lowest level against the dollar since 1998 on Monday as sky-high US inflation fuels a widening monetary policy gap between Japan and the world’s largest economy. Japan’s currency has been weakening for months, accelerated by the US Federal Reserve’s aggressive monetary tightening to tackle soaring inflation caused by the war in Ukraine and other factors. But unlike the Fed, […]
Tokyo, Japan (AFP) — Tokyo stocks opened higher on Friday, helped by a cheaper yen and rallies on Wall Street following news the US and China will resume high-level trade talks. The benchmark Nikkei 225 index was up 0.65 percent or 137.81 points at 21,223.75 in early trade, while the broader Topix index rose 0.48 percent or 7.43 points to 1,541.89. kh/ric/jah © Agence France-Presse
TOKYO, Japan (AFP) — Tokyo stocks closed loser on Tuesday, ending a seven-day winning streak, as a higher yen against the dollar weighed on the market and investors sought to lock in profits. The benchmark Nikkei 225 index dropped 2.39 percent, or 538.71 points, to 22,036.05 while the broader Topix index fell 2.36 percent, or 39.85 points, to end at 1,649.20. “The yen is edging higher” against the dollar “on geopolitical risks including violent protests […]
TOKYO, Japan (AFP) — Tokyo’s benchmark stock index rose to an eight-month high on Tuesday thanks to a weaker yen, while investors focused on Japan’s upcoming trade talks with the United States. The Nikkei 225 index gained 0.29 percent or 70.33 points to close at 23,940.26, rising for the seventh straight session. The broader Topix index was up 1.02 percent or 18.42 points at 1,822.44. “The market has maintained positive momentum partially due to a […]
