Business Topics

Abe rules out intervention to weaken resurgent yen

Apr 6, 2016

Abe rules out intervention to weaken resurgent yen

Prime Minister Shinzo Abe has ruled out intervening in currency markets to halt a surge in the yen, even though it sat near a 1½-year high against the dollar Wednesday. Huge volatility on equity markets driven by worries about the slowdown in global growth ...

| Apr 5, 2016

Dollar tumbles below ¥110.50 in Tokyo

The dollar plunged below ¥110.50 in late Tokyo trading on Tuesday, hit by stop-loss selling by European players. At 5 p.m., the dollar stood at ¥110.46-47, down from ¥111.58-59 at the same time Monday. The euro was at $1.1356-1358, down from $1.1373-1374, and at ...

| Apr 5, 2016

Nikkei slumps below 16,000

The Nikkei average plunged to close at its lowest level in about seven weeks on Tuesday, with the market beaten by risk-averse selling in the wake of the firmer yen, setbacks on Wall Street and falling crude oil prices. The average was down 390.45 ...

| Apr 4, 2016

Dollar weak around ¥111.50 in Tokyo

The dollar lost ground and moved around ¥111.50 in Tokyo trading on Monday, due to position-adjustment selling on the back of stock price drops. At 5 p.m., the dollar stood at ¥111.58-59, down from ¥112.27-28 at the same time Friday. The euro was at ...

Apr 4, 2016

Pair's assets targeted over FX trading scam

The Nagoya District Public Prosecutor’s Office is set to seek a court order to freeze the assets of two individuals accused in a multibillion-yen currency investment fraud case, informed sources said Monday. The two, including Masaaki Ito, 48, the manager of an investment seminar ...

| Mar 31, 2016

Dollar firmer around ¥112.50 in Tokyo

The dollar was firmer around ¥112.50 in Tokyo trading late Thursday, supported by purchases from European players, amid a wait-and-see mood before the release of Japanese and U.S. economic indicators. At 5 p.m., the dollar stood at ¥112.42-42, up from ¥112.07-07 at the same ...