The dollar fell sharply against the yen on sentiment from Tokyo-based traders and dealers that the so-called “pure water” portion of the stimulus, or central and local government spending, will actually fall short of investors expectations.

Topics:  tokyo-based   yen   dollar   stimulus   short   
BING NEWS:
  • Asian currencies can't fight the dollar on a rampage
    Bush, ran into controversy on his first overseas trip when he had the temerity to question the often celebrated, and sometimes bemoaned, strong-dollar policy. O'Neill inherited the mantra from the ...
    04/17/2024 - 1:00 pm | View Link
  • These 5 global currencies have tumbled this year as delayed rate cuts have supercharged the dollar
    Copy Link The dollar is on course for its best run in a ... Both have fallen 6.49% and 6.06% year-to-date, respectively. The Japanese yen has followed this trend, sliding 8.45%.
    04/16/2024 - 5:12 pm | View Link
  • Resurgent Dollar, Higher Yields Send EM Currencies to 2024 Lows
    dropping at least 1.8% versus the dollar each, with carry traders dumping positions amid spikes in volatility and a resurgent dollar. The rupiah sank more than 2%, forcing Bank Indonesia to step ...
    04/16/2024 - 10:07 am | View Link
  • Asian emerging market currencies come under pressure from strong dollar
    Indonesia’s central bank stepped in to support the rupiah on Tuesday, while the Indian rupee slumped to a record low, as a surging dollar sparked a rout in emerging market currencies.
    04/15/2024 - 1:00 pm | View Link
  • Emerging Markets Battle Weak Currencies Amid Dollar Might
    Currency intervention has become a key battleground in emerging markets, especially Asia, as the latest leg up in the dollar piles pressure on officials to act. Malaysia’s central bank on Monday ...
    04/14/2024 - 7:38 pm | View Link
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