Federal Reserve Chairman Jerome Powell has hinted at a delay in rate cuts following strong U.S. inflation readings, triggering dollar buying.
Currencies

Strong dollar poses question over timing of Japan intervention

Reversal of weakening yen per dollar depends on U.S. economy, analysts say

17 April 2024
Strong Chinese growth figures helped strengthen the yuan's value against the yen.
Currencies

Yuan hits 31-year high against yen on China intervention

Dollar's rise spurs Beijing to reverse course from weaker daily fix against greenback

17 April 2024
The rupiah has lost 3% in the past month amid concerns over Indonesia's political situation in the aftermath of the presidential election on Feb. 14.
Currencies

Rupiah hits 4-year low as Indonesia reopens after holiday

Ramadan inflation, election aftermath add to gloom on currency

16 April 2024
Markets are watching for signs of intervention by Japanese authorities after the yen weakened further on April 15. (Photo by Mizuho Miyazaki)
Currencies

Japan's yen sinks to fresh 34-year low against dollar

Currency touches mid-154 as U.S. rate cut expectations recede

15 April 2024
Thai Prime Minister Srettha Thavisin, right, has been pressuring Bank of Thailand Gov. Sethaput Suthiwartnarueput to cut interest rates for the good of the country's slowing economy. (Nikkei montaage/Source photos by Hiroki Endo and Ken Kobayashi)
Market Spotlight

Bank of Thailand ignores Srettha's pressure to cut interest rate

Central bank expects inflation to pick up, punts baht-weakening structural problems to government

15 April 2024
The yen sank below 153 to the dollar for the first time since 1990. (Photo by Mayumi Tsumita)
Currencies

Japan lets yen slide past 153 without intervention, leaving traders guessing

Depreciation beyond key level seen linked more to fundamentals than speculation

12 April 2024
It hasn't cost 152 yen to buy a dollar since 1990. If the Japanese government does not step into the market, analysts say a dollar might soon cost 155 yen.
Currencies

Yen tumbles to 153 against dollar on U.S. inflation, raising intervention risk

All eyes on whether Japanese government steps in to halt decline

11 April 2024
The Nikkei Stock Average's fall was larger than those of other big regional indexes. South Korea's Kospi was down around 1%. (Photo by Yutaka Miyaguchi)
Markets

Yen, oil rally; Japan stocks fall as geopolitical tensions flare

Nikkei Stock Average down almost 1,000 points, or 2.5%, at one point

5 April 2024
Myanmar soldiers salute during an Armed Forces Day parade in Naypyitaw on March 27.
Myanmar Crisis

As Myanmar starts military draft, many flee the country

Potential recruits' departures drive national currency to near-record weakness

5 April 2024
U.S., Asian and European central banks are among the participants in a Bank for International Settlements-led trial of tokenized central bank money.
Currencies

Top central banks to lay groundwork for instant digital cross-border payments

BOJ and New York Fed join tokenization project for faster, cheaper transactions

4 April 2024
A board in Tokyo shows the Japanese currency's exchange rate against the dollar on March 28.
Bank of Japan

Weak yen spurs speculation of further rate hikes while bond market stays calm

Inflationary pressure from import prices levels off as commodities stabilize

3 April 2024
Even following the BOJ's rate hike, Japan's bond yields largely remain lower than other advanced economies, failing to temper the speculative strategies. (Nikkei montage/Source photos by Nanami Sato and Jo Miyaguchi)
Market Spotlight

BOJ's rate hike leaves wide yield gap with U.S., Europe, causes yen to slide

Lowest-yielding G10 currency's use for carry trades helps push it to 34-year low

1 April 2024
The yen-dollar exchange rate is displayed at a brokerage in Tokyo on March 22. (Photo by Nanami Sato)
Markets

On topic: Why is the Japanese yen so weak?

A collection of stories on current hot topics

31 March 2024
Eager to expand abroad, Japanese exporters have become more reluctant to convert overseas earnings into yen, leading to a drying up of yen buying during Tokyo trading hours.
Datawatch

Yen falls on Japan Inc.'s reluctance to repatriate profits

Tokyo market sees net daytime yen selling for 4th straight year

30 March 2024
Moves by the People's Bank of China are contributing to downward pressure on the yen. (Source photos by Kyodo)
Currencies

Yen depreciation swayed by China central bank's yuan guidance

Daily yuan-dollar exchange benchmark sends ripples through markets

28 March 2024
Japanese Finance Minister Shunichi Suzuki warned Wednesday that he would not rule out any measures and would take "decisive steps." (Photo by Jo Miyaguchi)
Currencies

Japanese yen drops to lowest in 34 years despite BOJ rate hike

Rapid depreciation of currency raises chances of government intervention

27 March 2024
The yen has remained persistently weak against the dollar even after the Bank of Japan scrapped negative interest rates.
Currencies

U.S. protectionism lurks behind yen's stubborn weakness

Election-year 'Buy American' push attracts foreign money, bolstering dollar

27 March 2024
The ringgit's fall against the Singapore dollar creates gains for Malaysians working in Singapore.
Currencies

Malaysians working in Singapore gain spending power as ringgit slumps

Migrants eye properties, cars at home as salaries rise in local currency terms

21 March 2024
The Bank of Japan on March 19 scrapped its negative interest rate policy, raising rates for the first time in 17 years.
Bank of Japan

BOJ's next rate hike in spotlight as investors eye July or October

Hawks see possible summer move if inflation resurges; doves look beyond 2024

21 March 2024
The yen is approaching a multidecade low marked in 2022. (Photo by Shinya Sawai)
Currencies

Yen hits upper 151 range to dollar despite BOJ rate hike

Interest gap with other economies seen persisting after end to negative rates

21 March 2024
The yen reached its strongest level in a month on March 8. (Photo by Takuya Imai)
Currencies

Yen reaches one-month high against dollar on U.S. jobs data

Fed rate cut speculation weighs down greenback against key currencies

9 March 2024
The yen strengthened to the 147 range against the dollar for the first time in about a month on March 7. (Photo by Yutaka Miyaguchi)
Bank of Japan

Speculation on BOJ ending negative rates in March jolts yen, stocks

Japanese currency touches 1-month high against dollar

8 March 2024
The Malaysian ringgit has fallen to near-historic lows against the dollar.
Economy

Malaysia maintains key rate at 3.0% amid falling ringgit

Central bank says local currency 'undervalued' as economy expected to improve

7 March 2024
Bitcoin's share of the entire crypto market currently sits at close to 54%. (Photo by Wataru Ito)
Cryptocurrencies

Bitcoin market cap approaches silver with latest rally

SEC approval of ETFs and safe-haven demand among factors spurring rise

7 March 2024
The yen currently is not being as oversold in forex markets as it was in 2022 and 2023.
Currencies

Yen seen sliding as far as 154 to dollar as charts show steady selling

Market watchers see no sign of overheated sell-off that would spur contrarian buying

27 February 2024