BANGKOK (AP) — Asian shares skidded Thursday after a retreat on Wall Street as markets registered their dismay over the Federal Reserve’s warning that still higher interest rates are in Read more
Tag: Japanese Yen
$3,000 gold and more outrageous market predictions investors shouldn’t brush aside.
Monday served as another smackdown for investors who are banking on a Goldilocks economy and a less aggressive Fed. Some are now not ruling out a Grinch-like turn from the Read more
Bank of Japan’s Kuroda again cautions against sharp yen weakness
Bank of Japan Gov. Haruhiko Kuroda on Monday reiterated his caution about rapid yen USDJPY, +0.21% weakness and promised to maintain close coordination with the government. “Rapid movements in currencies Read more
Bonds head for biggest one-day rally in more than a decade after October’s downside inflation surprise
Investors cheered one of the few pieces of good news about U.S. inflation in the past year and sent Treasurys toward their biggest one-day rally in more than a decade Read more
Dow soars more than 1,000 points for first time since 2020 as investors cheer cooling U.S. inflation
U.S. stocks were on track for their biggest daily gain since 2020 as the Dow soared more than 1,000 points and investors cheered a lower-than-expected reading on the October consumer-price Read more
U.S. Treasury says currency-market intervention should be reserved for ‘very exceptional circumstances’ in response to Japan’s September move
The U.S. Treasury Department on Thursday said it expects currency-market interventions, like Japan’s in September, should be reserved for exceptional circumstances, as it kept Tokyo on a list of partners Read more
Japan’s finance minister concerned about gradual weakening of yen
Japanese Finance Minister Shunichi Suzuki on Wednesday showed a broader concern about the yen’s weakness, saying the slower pace of the yen’s depreciation, not just sharp movements, isn’t desirable for Read more
Opinion: Biden is undermining Powell’s efforts to curb inflation
Appropriating language from Paul Volcker, Federal Reserve Chairman Jerome Powell has pledged to “keep at it” and risk a recession to conquer inflation. In varying measure, central bankers in other Western industrialized countries, save Japan, are Read more
Japan’s ‘broken’ monetary policy may be on its last legs. What are the risks for global markets if it capitulates?
When the Bank of Japan meets later this week, investors will be watching closely for any signs that Japanese authorities might be preparing to tweak, or perhaps even jettison, a Read more
Japan govt will take action in forex market when needed, finance minister says
TOKYO–Japanese Finance Minister Shunichi Suzuki, responding to recent sharp weakness in the yen, said Monday that the government would take necessary action to prevent what he described as excessive fluctuations Read more