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2 mins read
US dollar retains dominance in 2022 while China's yuan gains share among global currency reserves
The Chinese yuan's share of global currency reserves was 2.9% in the first quarter, up from 2.8% in…
Brian Evans
2 mins read
The dollar is heading for its biggest yearly gain against the yen in at least 30 years as the Bank of Japan holds fire on rate rises
While the Federal Reserve hikes interest rates aggressively, the Bank of Japan is sticking to its p…
George Glover
2 mins read
The yen weakening to 150 against the dollar could spark a financial crisis in Asia, famed economist Jim O'Neill says
China will see more yen weakness as an "unfair competitive advantage," Jim O'Neill told Bloomberg 2…
Carla Mozée
2 mins read
The yen surges against the dollar after the Bank of Japan sets the stage for ending its era of ultracheap borrowing
The yen rose after the Bank of Japan unexpectedly adjusted controls on 10-year government bond yiel…
George Glover
2 mins read
As the yen hits a 20-year low against the dollar, Japan's central bank chief apologizes for saying consumers have become 'tolerant' of higher prices
Bank of Japan Governor Kuroda said his remark that households are becoming more tolerant of price r…
Carla Mozée
1 min read
Yen surges to 2-month high against the dollar as bond yields fall
The yen jumped as US House Speaker Nancy Pelosi landed in Taiwan. The yen added to a seven-day stri…
Brian Evans
4 mins read
Companies are bemoaning the strongest dollar in 20 years. Here's what experts say to expect for the greenback in the next few months.
"Other central banks are not nearly as hawkish as the Federal Reserve," one currency expert said ab…
Carla Mozée
2 mins read
Goldman Sachs says the Japanese yen is the 'ideal hedge' against a US recession given its weakness against the dollar
Goldman Sachs said the Japanese yen "screens as the cheapest safe haven asset by far — at a time wh…
Zahra Tayeb
1 min read
Japan and Korea have dumped billions of dollars defending the yen and the won against the strong US currency
Japan last week spent up to $19.35 billion to prop up its currency against the dollar but the green…
Carla Mozée
2 mins read
The dollar has surged 13% against the euro and 20% against the yen this year as it scorches every currency in sight
The seemingly unstoppable dollar has rocketed to a 20-year high, driven by aggressive Fed rate hike…
Harry Robertson
2 mins read
Larry Summers has his eye on the plunging yen, as investors puzzle over Japan's latest move in the reverse currency war
"If Japanese interest rates start to change, that could be a pretty big deal," former Treasury Secr…
George Glover
1 min read
Yen strengthens after Japanese government dumps dollars to prop up the currency in its first intervention since 1998
Tokyo intervenes in currency markets for the first time since 1998 in a bid to support the yen afte…
George Glover
1 min read
Japan's foreign currency reserves hit 5-year low after record decline while massive yen intervention flops
The Japanese government spent $20 billion last month to aid the declining yen, but the currency is …
Brian Evans
2 mins read
Global stocks drop and Japan's yen surges as Nancy Pelosi's Taiwan visit drives US-China tensions
Flaring tensions between the world's two most powerful economies rippled through financial markets …
Harry Robertson
4 mins read
Gold will hit $3,000 an ounce and the dollar will surge 50% against the Japanese yen. Here are the 10 outrageous 2023 predictions from one European bank
The UK voting to undo Brexit and at least one country banning all meat products are also on Saxo Ba…
Carla Mozée
2 mins read
The dollar is closing in on its biggest monthly loss against the yen in 2 years, even as the Fed hikes interest rates aggressively
The US central bank is now hiking interest rates aggressively, but the Bank of Japan has taken a mo…
George Glover
2 mins read
The Japanese yen falls past the key level of 150 to the dollar, hitting a 32-year low as officials say they're ready to intervene
The yen weakened past 150 to the dollar Thursday, adding pressure on officials to intervene in the …
Zahra Tayeb
2 mins read
Customers sue Coinbase over 'untold millions' of losses from a stablecoin's loss of a yen peg
Customers who invested in gyen have alleged crypto exchange Coinbase mislead them about the stablec…
Hamza Fareed Malik
1 min read
The yen just hit a 24-year low against the dollar as economic data and expectations of continued Fed tightening push the greenback to rally
The value of the yen dipped 0.75% to 140 against the greenback on Thursday.
Jennifer Sor
2 mins read
Japan's plans for a digital yen could start to take shape next year, according to a top lawmaker, report says
The head of Japan's ruling party's digital currency initiative said this could provide clarity on i…