News list for " the yen"
Global market defensiveness is pervasive, will ADP further sound the alarm tonight? Hedge funds are betting boldly that the yen will continue to fall, and the time for Japanese intervention is not yet ripe!
The US Treasury intervened in Japan's monetary policy and publicly called on the Bank of Japan to raise interest rates to boost the yen! At the moment, Japan is trying to increase the production of cars in the United States in exchange for tariff exemptions. click to view...
The dollar index DXY continued its decline, widening its decline to 1.5%. The dollar fell 2.00% against the yen USD/JPY during the day and is now at 144.74. The Australian dollar extended its intraday gain to 1.00% against the dollar AUD/USD and is now at 0.6215. The dollar fell to a four-month low against the Canadian dollar USD/CAD at 1.4021.
The dollar against the yen USD/JPY rose to 158.13, a new high in nearly half a year.
Expectations of a sharp interest rate cut by the Federal Reserve have risen, and the yen has remained strong, with the exchange rate of the yen against the dollar exceeding 140 for the first time since 2023.
Barclays said the recent sharp rise in the yen showed that the currency was once again moving in sync with yield spreads, and that the yen would be boosted by its safe-haven status if global growth fears caused equities to fall. "The yen's rapid appreciation has been accompanied by a return to correlation with yields and equity prices," said Shinichiro Kadota, head of Japan FX and rates strategy at Barclays.
