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Dollar slips as Fed signals slower pace of rate cuts, yen slides on BOJ

Currencies around the world tumbled on Wednesday after the Fed decision boosted the dollar, although many rebounded on Thursday in choppy trading conditions with thin volumes ahead of holiday period

Dollar slips as Fed signals slower pace of rate cuts, yen slides on BOJ
Updated On : 19 Dec 2024 | 4:18 PM IST

Yen firms after less dovish BOJ, dollar dips ahead of inflation data

The BOJ cut its core consumer inflation forecast but said risks were skewed to the upside for that year, causing the yen to rise, said Andrea Cicione, head of strategy at GlobalData.TSLombard

Yen firms after less dovish BOJ, dollar dips ahead of inflation data
Updated On : 31 Oct 2024 | 6:48 PM IST

Asian stocks slip as chips drag, yen nears 3-month low before BOJ decision

Yen hovered close to a three-month low against the dollar, weighed down by political instability after a drubbing for Japan's ruling coalition in parliamentary elections last weekend

Asian stocks slip as chips drag, yen nears 3-month low before BOJ decision
Updated On : 31 Oct 2024 | 10:29 AM IST

Yen struggles before BOJ decision; dollar steady ahead of US jobs report

The yen has fallen more than 6 per cent in October and is on track for what would be its biggest monthly loss against the greenback since November 2016

Yen struggles before BOJ decision; dollar steady ahead of US jobs report
Updated On : 31 Oct 2024 | 10:15 AM IST

Yen mired in political uncertainty, dollar awaits key data releases

Elsewhere, the dollar eased a touch, though remained not too far from its recent high ahead of major US data releases

Yen mired in political uncertainty, dollar awaits key data releases
Updated On : 29 Oct 2024 | 8:50 AM IST

Asian shares rise as yen dips after Japan's ruling party loses majority

Asian shares rose on Monday as the yen dipped in the midst of political uncertainty after Japan's ruling party lost its majority in Parliament's lower house in weekend elections. In currency trading, the US dollar rose to 153.76 Japanese yen from 152.24 yen. It was trading at 140-yen levels last month. The euro cost USD 1.0796, down form USD 1.0803. The weak yen is a boon for Japan's giant exporters like Toyota Motor Corp., whose stock gained 3.7 per cent in Tokyo trading. Nintendo Co. gained 2.6 per cent, while Sony Corp. rose nearly 2.0 per cent. Japan's ruling Liberal Democratic Party is still the top party, but several members failed to win reelection in Sunday's vote after a scandal involving unreported campaign funding. All told, the ruling coalition with junior partner Komeito secured 215 seats, down sharply from the majority of 279 it previously held, according to Japanese media. A change of government is not expected but the LDP may need a third coalition partner. Tokyo .

Asian shares rise as yen dips after Japan's ruling party loses majority
Updated On : 28 Oct 2024 | 9:19 AM IST

Yen dips as Japan's election outcome casts doubt on BOJ's rate hike plans

On the dollar, the yen hit its weakest since late July at 153.3 in early-morning trade

Yen dips as Japan's election outcome casts doubt on BOJ's rate hike plans
Updated On : 28 Oct 2024 | 8:05 AM IST

Asian shares rise on Wall St tech boost, dollar extends gains on yen

Earlier in Asian trade, the yen had eased further to a low of 142.95, but was last flat at 142.40 per dollar, perhaps helped a little by hawkish comments from a senior Bank of Japan official

Asian shares rise on Wall St tech boost, dollar extends gains on yen
Updated On : 12 Sep 2024 | 9:15 AM IST

Asian markets dip after Wall Street had its worst week in nearly 18 months

Asian stocks fell Monday after another rout hit Wall Street on Friday, as a highly anticipated update on the US job market came in weak enough to add to worries about the economy. The Nikkei 225 index was hovering around its lowest level in almost a month during morning trading, and it slipped 0.5 per cent to close at 36,215.75. Japan's gross domestic product grew by an annualised 2.9 per cent in the second quarter, according to revised data from the Cabinet Office released on Monday. This was below expectations. Any broader risk aversion may have an amplified effect on Japanese equities, with safe-haven flows potentially supporting the yen, which is looked upon as negative for the country's exporters, Yeap Jun Rong, market strategist at IG, said in a commentary. The US dollar was trading at less than 143 Japanese yen in Monday trading. Stocks in Chinese markets also racked up losses after worse-than-expected inflation data disappointed investors. Data from the National Bureau of

Asian markets dip after Wall Street had its worst week in nearly 18 months
Updated On : 09 Sep 2024 | 1:20 PM IST

Outflows start from India Midcap funds from Japanese Investors.

Despite Midcap fund outflows, Japan's overall inflows into India remain positive, primarily driven by investments in Large Cap funds.

Outflows start from India Midcap funds from Japanese Investors.
Updated On : 26 Aug 2024 | 3:48 PM IST

Fed Reserve's dovish shift mixed blessing for BOJ interest rate hike plan

The remarks came hours after BOJ Governor Kazuo Ueda told parliament that while the BOJ will keep an eye out on the fallout from unstable markets

Fed Reserve's dovish shift mixed blessing for BOJ interest rate hike plan
Updated On : 26 Aug 2024 | 9:17 AM IST

Yen firms after BOJ's Ueda flags readiness to hike; markets await Powell

Bouts of Japanese interventions and the interest rate hike in July tripped up investors who unwound the popular carry trade, in which traders borrowed yen to finance high-yielding assets

Yen firms after BOJ's Ueda flags readiness to hike; markets await Powell
Updated On : 23 Aug 2024 | 12:14 PM IST

Yen rises sharply, euro touches its highest this year as dollar retreats

The minutes of the Fed's July meeting, due on Wednesday, and Powell's speech on Friday are likely to be the main currency drivers in a week that will also see inflation data from Canada and Japan

Yen rises sharply, euro touches its highest this year as dollar retreats
Updated On : 19 Aug 2024 | 3:38 PM IST

Asia stocks firm, dollar sags amid low US treasury yields on Fed cut bets

Mainland Chinese blue chips added 0.4%, although Hong Kong's Hang Seng slipped 0.3%

Asia stocks firm, dollar sags amid low US treasury yields on Fed cut bets
Updated On : 15 Aug 2024 | 8:17 AM IST

Japanese shares lift Asian stocks on steady yen ahead of US data barrage

Japan's Nikkei rose more than 2 per cent in early trading after Monday, a welcome relief after last week's volatility that began with a massive sell-off spurred by rising yen and fears of US recession

Japanese shares lift Asian stocks on steady yen ahead of US data barrage
Updated On : 13 Aug 2024 | 8:43 AM IST

Yen slightly softer against dollar, Fed rate cut remains uncertain

The respite follows a tumultuous week that began with a massive selloff across currencies and stock markets

Yen slightly softer against dollar, Fed rate cut remains uncertain
Updated On : 12 Aug 2024 | 7:43 AM IST

More regulation needed to curb retail speculation in F&O: Amisha Vora

Sebi's proposed changes will significantly impact discount brokers, whose business relies heavily on retail F&O trades, Vora said in this interview

More regulation needed to curb retail speculation in F&O: Amisha Vora
Updated On : 09 Aug 2024 | 10:36 PM IST

Yen slides against dollar after US jobless claims fall more than expected

The yen's slide follows a sharp drop the day before in a volatile week in which investors have had to digest the unwinding of popular carry trades and how Japanese monetary policy might evolve

Yen slides against dollar after US jobless claims fall more than expected
Updated On : 08 Aug 2024 | 10:33 PM IST

Tech leads Asia stock selloff; yen, dollar gains in volatile week for mkts

Elsewhere, Taiwan's tech-heavy stock benchmark sagged 2% and Hong Kong's Hang Seng lost 1%

Tech leads Asia stock selloff; yen, dollar gains in volatile week for mkts
Updated On : 08 Aug 2024 | 10:15 AM IST

Honda posts 23% Q1 profit jump, aided by sales of hybrid vehicle

The company maintained its full-year operating profit forecast of 1.42 trillion yen, while slashing its sales outlook for China by 220,000 vehicles for that period

Honda posts 23% Q1 profit jump, aided by sales of hybrid vehicle
Updated On : 07 Aug 2024 | 3:19 PM IST