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Will The Yen Hit 150 Against The Greenback?
Monday, March 28, 2022 - 9:23pm | 809The Japanese yen fell to a seven-year low of 125 against the US dollar on Monday as the Bank of Japan continued easing its monetary policy further widening the gap with the US Federal Reserve’s hawkish tone. But instead of seeing it as a threat to the Japanese economy, the BOJ...
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Japanese Yen Is Falling A Bit
Monday, November 22, 2021 - 2:26pm | 444By Dmitriy Gurkovskiy, Chief Analyst at RoboForex USD/JPY is growing on Monday and trading at 114.24. The latest comments from the Japanese government are really worth paying attention to: the country’s authorities approved a new stimulus package to support the economy worth ¥79 trillion...
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Japanese Exchange BitFlyer Launches Yen-Bitcoin Trading Pair To US Customers
Thursday, June 3, 2021 - 11:12am | 326Major Japanese cryptocurrency exchange bitFlyer announced that it would allow US-based customers to access its Yen-Bitcoin trading pair. What Happened: BitFlyer U.S.A. announced today at Bitcoin 2021 conference that American customers will be able to tap into the world's...
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Gold Hits Record High As US-China Relations Deteriorate Further, Bitcoin Crosses $10,000 Mark
Monday, July 27, 2020 - 3:54am | 553As China and the United States forced each other’s consulates to close in key cities, investors flocked to safe-havens, driving gold prices to a record high, while market sentiment remained mixed in Asia on Monday. Safe Havens, Bitcoin Extend Gains Spot gold traded a record 1.75% higher at...
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How A Stronger Dollar Impacts The US Economy
Tuesday, October 16, 2018 - 4:28pm | 1287The U.S. Dollar Index, which measures the value of the U.S. dollar against a basket of foreign currencies, has gained about 3.2 percent year-to-date through Oct. 11. This is where the greenback stands year-to-date against other major currencies: Euro: +3.4 percent Pound: +2.1 percent...
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What Is Forex Trading, And How Can Investors Profit?
Saturday, December 30, 2017 - 11:17am | 1295Currencies are a popular investment class that allow for speculation on price movements, just like bets on other asset classes. Foreign exchange, or forex in short, is a decentralized global market where currency pairs are traded. Currency trading takes place electronically over-the-counter across...
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Dollar ETF Looks To Shed Its Bearish Ways
Monday, August 7, 2017 - 8:28am | 513Vexing currency market observers, the PowerShares DB US Dollar Index Bullish Fund (NYSE: UUP) is down 8.4 percent year to date. That is an arguably stunning decline when considering the Federal Reserve has boosted interest rates twice this year. UUP, the exchange-traded fund proxy for the U.S....
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The Japanese Government's Pension Fund Made A Cool $70 Billion Last Year
Saturday, July 8, 2017 - 8:58am | 498The world's biggest pension fund is now 7.9 trillion yen richer ($70 billion) richer. Japan's Government Pension Investment Fund earned a 5.9 percent return for the one-year period ended March 31, Bloomberg reported. The fund now holds 144.9 trillion yen worth of assets, including Japan-...
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Dollar ETF Keeps Looking To The Fed
Friday, June 16, 2017 - 10:34am | 468The Federal Reserve raised interest rates earlier this week, marking the second time this year that the U.S. central bank has boosted borrowing costs. That move by the Fed has helped the PowerShares DB US Dollar Index Bullish Fund (NYSE: UUP), widely viewed as a dud this year among developed market...
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USD/JPY Little Changed, Japan's Industrial Production Slips
Wednesday, March 15, 2017 - 7:00am | 61USD/JPY is trading at 114.65, down 0.01. Japan's Ministry of Economy Trade and Industry reported that industrial production fell 0.4 percent in January versus a rise of 0.7 percent in December. Year over year industrial production in Japan rose 3.7 percent in January versus a rise of 3.2 percent in...
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USD/JPY Little Lower Ahead of Data
Tuesday, March 14, 2017 - 10:11am | 94USD/JPY is trading at 114.69, down 0.22. The pair is trading at the session lows as overseas forex traders prepare to wind down trading for the day. Market chatter about global money flows and headline news is making the rounds. Chatter about Japanese economic data due out early Wednesday morning...
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USD/JPY Trading Higher
Tuesday, March 14, 2017 - 6:26am | 44USD/JPY is trading at 115.04, up 0.13. The pair is trading rangebound. Market chatter about global money flows and headline news has kept both buyers and sellers active. Japan's Ministry of Economy Trade and Industry is set to release industrial production data early Wednesday morning.
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USD/JPY Trading Lower
Monday, March 13, 2017 - 11:37am | 59USD/JPY is trading at 114.58, down 0.04. The pair is trading near the session lows as overseas forex traders wind down trading for the day. Market chatter about global money flows and headline news is constant and has kept both buyers and sellers active. Japan's Ministry of Economy Trade and...
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USD/JPY Little Lower, Producer Prices Edge Up in Japan
Monday, March 13, 2017 - 4:45am | 42USD/JPY is trading at 114.67, down 0.10. The Bank of Japan's (BOJ) corporate goods price index (CGPI) rose 1.0 percent year over year in February versus a 0.5 percent rise in January. The CGPI edged up 0.2 percent in February following a 0.6 percent rise in January.
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USD/JPY Trading Lower, Machine Orders in Japan Fall
Monday, March 13, 2017 - 4:38am | 41USD/JPY is trading at 114.65, down 0.12. Japan's Cabinet Office reported that year over year machinery orders fell 8.2 percent in January versus a 6.7 percent rise during December. On the month, machinery orders fell 3.2 percent during January after a 2.1 percent rise in December.