Currencies: Yen Boosted Against Dollar On Weakness In Japanese Stocks

Weakness in Tokyo stocks increased investors’ appetite for the yen, a traditional haven asset, which erased the dollar’s earlier gains against the Japanese currency.

Topics:  tokyo   japanese   yen   dollar   weakness   stocks   
BING NEWS:
  • Japan's FX intervention signals 160 yen line in the sand, says ex-official
    TOKYO, May 2 (Reuters) - Japanese authorities ... debilitating declines in the yen. Ito said the central bank may raise interest rates twice to 0.5% by the end of this year if yen weakness persisted ...
    05/1/2024 - 1:00 pm | View Link
  • Value of Japanese yen jumps against dollar, investors suspect intervention
    Traders and investors suggested yen-buying intervention by Japanese authorities as the explanation for why the dollar fell sharply to 156.55 yen from as high as 160.245.
    04/30/2024 - 4:39 am | View Link
  • Is The Strong Dollar
    Japanese Yen Weakens to 34 Year Low versus the Dollar. This is due to large interest rate differentials favoring the dollar rather than currency manipulation by Japan.
    04/30/2024 - 1:01 am | View Link
  • Why is Japan’s yen so weak against the US dollar?
    The weakness of the Japanese yen is in the spotlight again after its latest tumble. On Monday, the currency sank to 160.17 against the US dollar, its lowest since April 1990. The yen recovered to ...
    04/29/2024 - 9:17 pm | View Link
  • Asian Markets Track Wall Street Higher
    Asian stock markets are trading mostly higher on Tuesday, following the broadly positive cues from Wall Street overnight, as traders ...
    04/29/2024 - 4:32 pm | View Link
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