Sep 19, 2014

Dollar hits new six-year high above ¥109

The dollar jumped to a new six-year high above ¥109 in Tokyo trading on Friday as investors were relieved to learn that Scotland voted to remain in the United Kingdom. At 5 p.m., the dollar stood at ¥109.09-10, up from ¥108.54-55 at the same ...

Jul 31, 2014

IMF's Japan report sees yen at fair value but warns on reforms

The International Monetary Fund said in a report released Thursday that the yen is currently at fair values against the other major currencies. The yen is assessed “as broadly consistent with medium-term fundamentals,” the Washington-based lender said in its annual assessment of the Japanese ...

May 2, 2014

Dollar firms around ¥102.50

The dollar was firmer around ¥102.50 in Tokyo trading Friday, supported by dollar purchases that set in as Tokyo stocks cut losses toward the close. At 5 p.m., the dollar was quoted at ¥102.47-48, up from ¥102.19-20 at the same time on Thursday. The ...

Apr 28, 2014

Dollar stuck slightly above ¥102

The dollar was stuck at levels slightly above ¥102 in Tokyo trading Monday for lack of market-moving factors ahead of Golden Week on Tuesday. At 5 p.m., the dollar was quoted at ¥102.20-22, against ¥102.27-28 at the same time on Friday. The euro stood ...