News

Japanese Yen Looks Too Strong. Will the DPJ Intervene?
The Japanese yen spiked to an eight-month high against the US dollar on September 28. However, the stronger than expected pace of yen appreciation is causing some internal conflicts in the ruling DPJ party. In one hand, the new Japanese government favors a strong currency. However, the new Minister of Finance Hirohisa Fujii was recently forced to backtrack on earlier comments that he wanted to avoid currency intervention.
Published on 2009-10-01

Yen Rises
The yen rose to the highest level in five months against the euro and rallied versus the dollar as a decline in stocks prompted traders to pare holdings of higher- yielding assets funded in the Japanese currency.
Published on 2008-09-01

Yen Advance on Reduced Demand for Higher Yields
The yen rose against all of the other major currencies on bets credit market losses will widen, prompting investors to sell higher-yielding assets and pay back loans in Japan.
Published on 2008-08-25

Yen Rises as Credit-Market Losses Damp Demand for Higher Yields
The yen rose to the highest level in three months against the euro as European and Asian stocks slid on concern that credit-market losses are widening, reducing demand for higher-yielding assets funded by loans in Japan.
Published on 2008-08-21

Yen Advances
The yen rose to a three-month high against the euro as declines in stocks and concern financial firms will post more losses damped demand for higher-yielding assets funded by loans in Japan.
Published on 2008-08-19

Yen Rises to 12-Week High
The yen rose to a 12-week high against the euro and its strongest in two months versus the British pound as Japanese investors cut bets on higher-yielding assets abroad.
Published on 2008-08-13

Yen Rebounds from Seven-Month Low
The yen rebounded from a seven-month low against the dollar on speculation Japanese exporters took advantage of its decline to repatriate overseas earnings at a more favorable rate than they initially assumed.
Published on 2008-08-06

Yen Rises as Carry Trades Are Pared
The yen rose to a two-week high against the euro as faltering global growth and falling stocks prompted traders to pare holdings of higher-yielding assets funded in Japan.
Published on 2008-08-01

Yen Trades Near 1-Month Low
The yen traded near a one-month low against the dollar on speculation Japanese investors will spend their summer bonuses on overseas assets offering higher yields.
Published on 2008-07-29

Yen Gains as Stocks Decline
The yen rose against the dollar and euro on speculation widening mortgage-industry losses will prompt investors to pare holdings of higher-yielding assets funded with the Japanese currency.
Published on 2008-07-08

Yen Trades Near 3-Week High
The yen traded near a three-week high against the dollar as the Bank of Japan's quarterly Tankan survey showed business confidence among large manufacturers fell less than economists estimated.
Published on 2008-07-01

Yen Climbs After Moody's Raises Japan's Local-Currency Rating
The yen rose, paring its biggest quarterly decline against the euro in five years, after Moody's Investors Service raised Japan's local-currency debt rating.
Published on 2008-06-30

Yen Falls to Record Low Against Euro
The yen fell to a record low against the euro as a decline in currency volatility encouraged investors to buy higher-yielding assets funded in Japan.
Published on 2008-06-26

Yen Declines to 11-Month Low
The yen fell to an 11-month low against the euro on speculation Japanese investors will use summer bonuses to buy overseas assets offering higher yields than at home.
Published on 2008-06-24

Yen Falls as Asian Stock Gains Boost Confidence in Carry Trades
The yen fell to a seven-month low against the euro as gains in Asian stocks encouraged investors to add to holdings of higher-yielding assets funded in the Japanese currency.
Published on 2008-06-16

Yen Rises to Two-Week High Against Euro
The yen rose to a two-week high against the euro as concern credit-market losses will widen prompted investors to pare holdings of higher-yielding assets funded in the Japanese currency.
Published on 2008-06-03

Yen Declines to One-Month Low Versus Euro
The yen fell to a one-month low against the euro as rising stocks and falling oil spurred investors to add to holdings of higher-yielding assets funded in Japan's currency.
Published on 2008-05-28

Yen Falls to One-Month Low Versus Euro
The yen fell to a one-month low against the euro as a rally in Asian stocks encouraged investors to add to holdings of higher-yielding assets funded in the Japanese currency.
Published on 2008-05-27

Yen Rises as Stock Decline Spurs Investors to Cut Carry Trades
The yen rose to the highest in more than a week against the dollar and climbed versus the euro as a decline in stocks prompted investors to pare holdings of higher- yielding assets funded in the Japanese currency.
Published on 2008-05-21

Yen Trades Near One-Week Low Against Euro
The yen traded near a one-week low against the euro as a rally in stocks eased concern credit market losses are deepening and encouraged investors to buy higher-yielding assets funded in Japan.
Published on 2008-05-12

Yen Rises Against Euro
The yen traded near the highest in four weeks against the euro as concern credit-market losses are deepening prompted investors to pare holdings of higher-yielding assets funded in the Japanese currency.
Published on 2008-05-11

Yen Trades Near 2-Month Low
The yen traded near a two-month low against the dollar as a rally in equities gave investors confidence to buy higher-yielding assets financed in Japan.
Published on 2008-05-04

Yen Rises
The yen rose for the first time in seven days against the euro as a decline in Asian and European stocks prompted investors to pare holdings of higher-yielding assets funded in Japan.
Published on 2008-04-22

Yen Falls versus Euro
The yen fell to near the lowest level this year against the euro after a rally in stocks gave investors confidence to buy higher-yielding currencies with funds from Japan.
Published on 2008-04-20

Yen Falls as Rally in Stocks Boosts Confidence in Carry Trades
The yen fell to its lowest in more than three months against the euro as a rally in Asian stocks gave investors confidence to buy higher-yielding currencies with loans from Japan.
Published on 2008-04-17

Yen Falls as Sovereign Wealth Funds Bolster Market Confidence
The yen fell against 12 of the 16 most-active currencies on speculation sovereign wealth funds will step up acquisitions, restoring confidence in holding higher-yielding assets funded in Japan.
Published on 2008-04-15

Yen Trades Near 4-Week Low
The yen traded near a four-week low against the dollar on speculation acting Bank of Japan Governor Governor Masaaki Shirakawa will show concern over a slowing economy after leaving interest rates unchanged today.
Published on 2008-04-09

Yen Falls Against Dollar, Euro
The yen fell the most in almost a week against the dollar and euro as stock gains encouraged investors to buy higher-yielding assets funded in Japan.
Published on 2008-04-07

Yen Little Changed Against Dollar
The yen was little changed against the dollar as a quarterly Tankan survey showed sentiment among large manufacturers declined, raising expectations the Bank of Japan will cut interest rates this year.
Published on 2008-04-01

Will the Japanese Government Intervene?
Since last June, the Japanese yen has soared almost 30% against the U.S. dollar, reaching a 12-year high of ¥95.76 few days ago. However, despite the benefits of having a strong currency, the sudden appreciation could become a serious threat not only for carry trade profitability but also for Japanese exporters and stock markets.
Published on 2008-03-26

Yen Falls as Stock-Futures Gains
The yen and Swiss franc fell against most of the major currencies as an advance in U.S. stock-index futures prompted traders to buy higher-yielding assets funded by cheap loans in Japan and Switzerland.
Published on 2008-03-24

Yen Declines as Stock Rally
The yen fell against 15 of the 16 most-active currencies on speculation rising stock prices will give investors confidence to increase purchases of higher- yielding assets funded with loans in the Japanese currency.
Published on 2008-02-24

Yen Trades Near Three-Week Low Against Euro
The yen traded near a three-week low against the euro after a rally in U.S. stocks restored confidence in buying higher-yielding assets funded in Japan.
Published on 2008-02-20

Yen Rises Against Euro, Dollar
The yen rose against all but two of 16 most-active currencies as a decline in Asian and European stocks prompted investors to reduce holdings of higher-yielding assets bought with loans from Japan.
Published on 2008-02-11

Yen Rises to One-Week High Against Euro
The yen rose to a one-week high versus the euro as a slump in global stocks encouraged investors to pare holdings of higher-yielding assets financed in Japan.
Published on 2008-02-05

Yen Falls as Stock Gains
The yen fell against all 16 most- active currencies as European stocks rose and Asia's benchmark equity index advanced to a three-week high, prompting investors to purchase higher-yielding assets funded by low-cost loans in Japan.
Published on 2008-02-04

Yen Posts Biggest Monthly Advance Versus Dollar Since 2001
The yen posted its biggest monthly advance against the dollar since 2001 as losses in global stocks prompted investors to sell high-yielding assets funded with low- cost loans from Japan.
Published on 2008-01-31

Yen Rises on Concern Credit-Market Losses to Slow Global Growth
The yen gained against all 16 of the most-active currencies on speculation credit-market losses will prompt investors to sell higher-yielding assets.
Published on 2008-01-29

Yen Declines as Gains in U.S. Stocks Encourage Carry Trades
The yen declined against 14 of the 16 most-active currencies after U.S. stocks advanced, encouraging investors to increase holdings of higher-yielding assets bought with money borrowed in Japan.
Published on 2008-01-28

Yen Falls as Confidence Edges Back, Stocks Rally
The yen fell broadly on Friday as a rally in global stocks fuelled appetite for riskier trades, putting the low-yielding Japanese currency under pressure.
Published on 2008-01-25

Yen Rises as Investors Pare Carry Trades
The yen rose across the board on Wednesday as falling European stocks encouraged investors to reduce exposure to risky assets.
Published on 2008-01-23

Yen Reaches Strongest Since 2005
The yen reached the strongest since May 2005 against the dollar as concern mounted that the U.S. is headed for recession.
Published on 2008-01-19

Yen Falls as Stocks Rebound
The yen fell against the 16 most- active currencies as a rally in global stocks before President George W. Bush announces plans to bolster the U.S. economy spurred demand for so-called carry trades.
Published on 2008-01-18

Yen Rises Against Dollar, Euro
The yen rose after the Fed and the ECB said economic growth is slowing, prompting speculation they will lower interest rates.
Published on 2008-01-17

Yen Strengthens as Global Growth Concern Deters Carry Trades
The yen rose against the 16 most- active currencies as concern global growth is slowing spurred traders to reduce holdings of higher-yielding assets bought with funds from Japan.
Published on 2008-01-16

Yen Surges to 2-1/2-year High vs Dollar
The yen rose to its highest level against the dollar since June 2005 as investors exited riskier assets after soft U.S. retail sales data added to fears the economy could be headed for recession.
Published on 2008-01-15

Yen Rises as Traders Pare Carry Trades on Credit-Market Losses
The yen rose against all 16 most- active currencies as signs credit-market losses are worsening prompted investors to pare carry trades, where they use funds from Japan to buy higher-yielding assets.
Published on 2008-01-11

Yen Falls as Japanese Funds Buy Higher-Yielding Overseas Assets
The yen fell against 15 of the world's 16 most-actively traded currencies as Japanese investors sent more money overseas in search of higher returns.
Published on 2008-01-07

Yen Trades Near Seven-Week Low as BOJ Cites
The yen traded near a seven-week low against the dollar on speculation the Bank of Japan will refrain from raising interest rates after policy makers said risks to global economic growth are increasing.
Published on 2007-12-26

Yen Rallies as Risk Appetite Recedes
The yen rallied from a one-month low against the dollar and the euro on Thursday as the initial euphoria over a concerted effort by global central banks to ease liquidity concerns faded.
Published on 2007-12-13

Yen Rises to Two-Year High Versus Dollar
The yen rose to the highest level in more than two years against the dollar on concern widening credit-market losses and record fuel costs will slow global economic growth.
Published on 2007-11-21

Credit Worries Hit Stocks and Lift Yen
World stock markets fell on Monday, with European shares slipping into losing territory for the year in another tremor over the credit crunch, while Japan's yen gained as investors cut back on their riskier holdings.
Published on 2007-11-19

Yen Declines as Japan Holds Interest Rate
The yen fell against 16 of the most- traded currencies as Bank of Japan Governor Toshihiko Fukui said there was no set time for raising interest rates.
Published on 2007-11-13

Yen Rises to 1 1/2-Year High Against Dollar
The yen rose to a 1 1/2-year high against the dollar as a slump in Asian stocks prompted investors to cut holdings of higher-yielding assets bought with money borrowed in Japan.
Published on 2007-11-11

Yen Rose Among Renewed Fear About Credit Market Losses
The yen rose against the 16 most traded currencies as stock analysts cut their ratings on Citigroup Inc., renewing concern credit-market losses will spread and prompt investors to exit bets funded by loans in Japan.
Published on 2007-11-01

Yen Rises to Six-Week High
The yen rose to a six-week high against the dollar after the Group of Seven nations said a credit-market rout will slow economic growth, prompting investors to sell riskier assets bought with loans in Japan.
Published on 2007-10-21

Yen Rises as Stock Market Declines Spur Cut in Carry Trades
The yen rose against all 16 of the most-active currencies as a decline in stocks prompted investors to sell higher-yielding assets bought with loans in Japan.
Published on 2007-10-18

Yen Advances to One-Week High as Investors Reduce Carry Trades
The yen climbed to the strongest in a week against the euro and the dollar as speculation banks will report more credit-market losses pushed traders to sell higher- yielding assets funded by loans in Japan.
Published on 2007-08-28

Yen Gains Versus Euro, Dollar as Investors Reduce Carry Trades
The yen rose for a second day against the euro and the dollar as a drop in Asian stocks prompted traders to pare higher-yielding investments funded by loans in Japan.
Published on 2007-08-27

Japanese yen rises and stock markets fall worlwide
The yen rose to the highest in more than four months against the euro and dollar as stock losses linked to subprime debt pushed investors to pare holdings of higher-yielding assets funded by loans in Japan.
Published on 2007-08-15

The Japanese yen looks vulnerable to Carry Trades
The Japanese yen has been the main beneficiary of last week’s carry unwind but the situation seems to be reversing. On Monday the yen fell against all the major currency pairs on concerns over the political situation in Japan.
Published on 2007-07-30