The US dollar dropped sharply against the yen on Wednesday, falling to its weakest level since October 2. The fall followed an announcement from China's Finance Ministry that it would raise tariffs on US imports from 34% to 84%, effective April 10, in response to new US levies.The announcement...
The dollar sank compared to the yen on Monday, reaching a low unseen since December 17. On Friday, the Bank of Japan raised interest rates to 0.5%, taking them to their highest level in 17 years. The country's business activity improved slightly in January, although manufacturing lagged behind...
Japanese Finance Minister Katsunobu Kato said on Tuesday that the government is "alarmed" over recent foreign exchange moves, singling out those caused by speculators. He repeated the government's stance that it will react against excessive forex volatility. Kato said Japan has noticed...
The American dollar hit its highest level against the Japanese yen on Thursday since mid-July, after the latest job data revealed that the continuing jobless claims grew by 46,000 to 1,910,000.Higher unemployment may indicate potential labor market weakness, but the data might reflect a...
Japanese Finance Minister Shunichi Kato repeated on Friday the government's stance that it will take action against excessive volatility in the foreign exchange market. He said Japan noted "one-sided, sharp moves" in the market.Kato pointed out the importance of forex moving in a stable manner...
The American dollar strengthened against other safe-haven currencies on Thursday to reach its highest level since late July after Federal Reserve Chair Jerome Powell remarked that the central bank is in no rush to lower interest rates, noting that the current strength of the US economy provides...
Japan's Finance Minister Shunichi Kato on Friday said that the government will take action against sudden and significant shifts in the foreign exchange market.
Kato emphasized the importance of stable currency movements that reflect economic fundamentals and highlighted recent one-sided,...
The American dollar strengthened against a basket of currencies on Wednesday, rising to its highest level against the Japanese yen and the euro since July. The greenback's rally appeared to be driven by the potential of a Donald Trump victory in the upcoming presidential election next month, with...
Japan's Vice Minister of Finance for International Affairs Atsushi Mimura stated on Friday that recent yen moves are "somewhat one-sided and rapid," while warning against speculative trading. "We as Japanese authorities are closely watching foreign exchange moves, including speculative ones, with...
Japan's Finance Minister Shunichi Suzuki said on Tuesday that the governemnt would carry on with assessing the impact of the stronger yen on the country's economy.
"Our stance has been that currency rates should be determined by markets reflecting fundamentals, but rapid fluctuations are...
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