| Mar 15, 2014

Economy can do without structural reform

by Jochen Legewie

While critics of “Abenomics” begrudgingly agree Prime Minister Shinzo Abe’s policy package has been a success so far, they are equally quick to highlight its looming headwinds. They concede that the first two “arrows” of Abe’s economic program, monetary easing and fiscal stimulus, have ...

Mar 14, 2014

Dollar under ¥102 over Crimea

The dollar fell below ¥102 in Tokyo trading Friday, reflecting uncertainties over the situation in Ukraine and the global stock market slump. At 5 p.m., the dollar was quoted at ¥101.75-76, down from ¥102.59-60 at the same time Thursday. The euro was at $1.3865-3865, ...

Feb 21, 2014

Dollar rebounds to near ¥102.50

The dollar climbed back to levels around ¥102.50 in Tokyo trading Friday, supported by stock price rises on some positive signs in the U.S. economy. At 5 p.m., the dollar was quoted at ¥102.49-51, up from ¥101.81-81 at the same time Thursday. The euro ...

Jan 20, 2014

Greenback lurks in low ¥104 range

The dollar hovered in a narrow range around ¥104 in Tokyo trading Monday, with market players refraining from making active moves before U.S. financial markets close for a national holiday. At 5 p.m., the dollar stood at ¥104.20-21, down from ¥104.32-34 at the same ...

Dec 2, 2013

Dollar firmer above ¥102.50 line

The dollar rose above ¥102.50 in Tokyo trading Monday, supported by purchases in the late afternoon. At 5 p.m., the dollar was quoted at ¥102.52-53, up from ¥102.21-27 at the same time on Friday. The euro stood at $1.3605-3606, almost unchanged from $1.3605-3607, and ...

Nov 26, 2013

Dollar eases back around ¥101.50

The dollar was easier around ¥101.50 in Tokyo trading Tuesday, on the back of a stock market pullback following recent rapid rises. At 5 p.m., the dollar was at ¥101.47-48, down from ¥101.74-76 at the same time Monday. The euro was flat at $1.3539-3540. ...

Oct 21, 2013

Dollar retakes ¥98 as stocks surge

The dollar retook ¥98 in Tokyo trading Monday, as higher stock prices in and outside Japan encouraged dollar buying. At 5 p.m., the dollar was quoted at ¥98.05-08, up from ¥97.90-91 at the same time on Friday. The euro stood at $1.3673-3675, down from ...

Oct 15, 2013

Greenback moves higher to ¥98.40

The dollar traded moderately below ¥98.50 in late Tokyo trading Tuesday, with traders waiting to see a U.S. congressional deal to end the prolonged government shutdown and avert a catastrophic debt default. At 5 p.m. the dollar stood at ¥98.40-41, up from ¥98.28-29 at ...

Oct 2, 2013

Stock slide takes wind out of dollar

The dollar slid below ¥97.50 in Tokyo trading Wednesday on risk-averse sentiment fueled by stock price falls as well as the continued standstill in the U.S. Congress. At 5 p.m., the dollar stood at ¥97.36-38, off from ¥97.91-93 at the same time Tuesday. The ...

Oct 1, 2013

Dollar stays steady at around ¥98

The dollar erased early gains to trade slightly below ¥98 in late Tokyo trading Tuesday, pressured by a partial shutdown of the U.S. government after Congress failed to pass an emergency budget bill by midnight Monday. At 5 p.m., the dollar stood at ¥97.91-93, ...

Sep 24, 2013

Greenback remains above ¥99 line

The dollar overcame early weakness and traded above ¥99 in Tokyo trading late Tuesday as speculation grew over a wider interest rate gap between Japan and the United States following a rise in American long-term interest rates in off-hours trading. At 5 p.m., the ...

Sep 10, 2013

Stimulus hopes see dollar top ¥100

The dollar climbed above the ¥100 mark in Tokyo trading Tuesday on hopes for an economic stimulus package the government might implement alongside the consumption tax hike. At 5 p.m., the dollar was quoted at ¥100.06-07, up from ¥99.57-58 at the same time Monday. ...