| Mar 12, 2015

Dollar weakens to ¥121 on profit-taking

The dollar shed early gains to stand just above ¥121 in late Tokyo trading Thursday, pressured by profit-taking and position-adjustment selling ahead of the release of a key U.S. economic indicator. At 5 p.m., the dollar stood at ¥121.00-01, down from ¥121.26-28 at the ...

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 ...