yen

A widely expected increase in the October Personal Consumption Expenditures (PCE) price index — commonly regarded as the Federal Reserve's preferred inflation gauge — triggered fresh losses for the U.S. dollar, while Treasury yields and U.S. stocks also slid in tandem. By 11:10 a.m. ET in New York...

Global markets faced a beating on Monday before recovering on Tuesday. Experts linked the market’s price action to the unwinding of the yen “carry trade,” which Arindam Sandilya, co-head of global FX strategy at JPMorgan, says is only half done. What Is The Yen ‘Carry Trade...

The stars seem to be aligned for a reduction in U.S. interest rates in about two months, as the June inflation report released Thursday may provide policymakers with the confidence that annual consumer price changes are finally trending toward the Fed’s 2% target. The inflation rate fell from...

U.S.-traded Japan bond exchange-traded funds are staying flat on Friday following the Bank of Japan’s announcement to reduce its purchases of government bonds. This move, coupled with the decision to maintain its policy interest rate, has led to decreased spending and a subsequent dip in the...

Editor’s note: The headline and body of this story have been corrected to specify the price action was in Nikkei 225 futures. The Bank of Japan (BoJ) intervened in the foreign-exchange market on Monday to bolster the weakening Japanese yen, which had plunged to a 34-year low of 160 per...

U.S. stocks kicked off the week on a positive note, with all major averages edging higher in anticipation of significant events including earnings reports from tech giants like Amazon.com Inc. (NASDAQ:AMZN) on Tuesday and Apple Inc. (NASDAQ:AAPL) on Thursday, a pivotal Federal Reserve Open Market...

Bitcoin (CRYPTO: BTC) is back above $1 trillion in market capitalization and has hit an all-time high in the Japanese yen. This marks the first new all-time high in a major currency, following previous highs in the Argentine peso and the Turkish lira. What Happened: Bitcoin in JPY (BTC/JPY) is...

In Tokyo’s Toyosu fish market, a bluefin tuna has been auctioned for an astonishing 114.24 million yen ($789,000), making it the fourth-highest price in recorded history. What Happened: The 238-kilogram fish was reportedly caught off the coast of Oma in northeastern Japan’s Aomori...

Deutsche Bank, in a recent report, compared the Japanese Yen with some of the world’s weakest currencies. What Happened: The report drew parallels between the weak fundamentals of the yen and those of the Argentine peso and the Turkish lira. It was authored by George Saravelos, Global Head of...

Japan-based digital currency and electronic payments firm DeCurret Holdings launched a white paper on its cryptocurrency project, the DCJPY, which it plans to launch in July 2024. The DCJPY Network will consist of the Financial Zone and the Business Zone wherein the former will...

The Non-Disinflation Issue Lots of interesting news this week where we address these important questions: Is the disinflation story done now? Can the Japanese yen recover? Are we finally about to get a Bitcoin ETF (OTC: GBTC)? How much trouble can we expect for Disney (NYSE: DIS)? Is the...

Noted economist Mohamed A. El-Erian highlighted concerns regarding the Yen’s exchange rate against the dollar, emphasizing the potential implications for the Bank of Japan’s monetary policy. What Happened: El-Erian, in his tweet, pointed out that the Yen’s exchange rate against...

Global markets experienced a dramatic increase in volatility in the last hours of trading in New York on Thursday followed by a gradual reversal, resulting in a fresh bullish session for both equities and bonds on Friday. But what does the Bank of Japan have to do with all of this? The wild market...

This Friday morning, Japan’s annual inflation rate is set to reveal a fresh decline, catching many off guard, as it unexpectedly dropped to 3.2% in May 2023 from the prior month’s 3.5% peak, missing market forecasts of 4.1%. The slowdown is evident across various sectors, with furniture...

The U.S. dollar remained steady against other major currencies on Wednesday, with traders eagerly awaiting the release of the Federal Reserve’s meeting minutes for insights into future monetary policy, Reuters reported. Meanwhile, Australia’s dollar weakened along with the Chinese yuan...