The yen dropped to ¥160.245 per dollar on Monday before heading into the other direction to ¥155.01 amid speculation of an intervention by Japanese currency authorities.
BUSINESS / Markets
Apr 29, 2024
Yen rebounds strongly after first slide past ¥160 since 1990
Japan's top currency official declined to comment on Monday, when asked if authorities in Tokyo had intervened in the currency market to prop up the yen.
The Exchange Square complex, which houses the Hong Kong Stock Exchange, in Hong Kong on March 14. Dealmakers say a lot more than words is needed to revive Hong Kong’s weakest IPO market since the global financial crisis.
BUSINESS / Markets
Apr 29, 2024
China’s new plan to boost Hong Kong IPOs faces major hurdles
Pipeline of IPOs expected to remain feeble while valuations are low, China’s economic outlook is poor, and foreign investors remain distrustful of Beijing.
Finance Minister Shunichi Suzuki has reiterated the government's readiness to take an appropriate action as the yen continues to slide against the U.S. dollar.
BUSINESS / Markets / FOCUS
Apr 28, 2024
When will Japan intervene to support the yen?
The yen hit a 34-year low past ¥158.40 per dollar in U.S. trading on Friday, after the BOJ announced a decision to keep its monetary policy unchanged.
A monitor shows the yen's sharp decline to  ¥158 to the dollar on Saturday morning in Tokyo.
BUSINESS / Markets
Apr 27, 2024
Yen drops beyond ¥157 per dollar as BOJ keeps key rate unchanged
Japan’s currency weakened as much as 1.4% on the day and touched a session low of ¥157.79 per dollar in afternoon trading in New York.
Japan's stock market attention is shifting to whether domestic market-oriented firms can bring some bullishness back to the market.
BUSINESS / Markets
Apr 25, 2024
Revival in Japanese stock market hinges on domestic demand taking hold
Attention has shifted to whether domestic market-oriented laggards may be able to bring some bullishness back to the market.
Exporters will be helped both by the stronger dollar, and also by their exposure to the U.S. economic resilience.
BUSINESS / Markets
Apr 25, 2024
Dollar wrecking ball forces investors to seek cover in exporters
Those with significant dollar earnings are set for a windfall, with major beneficiaries including heavyweight Asian chipmakers.
The rate of the yen against the U.S. dollar is displayed in the trading room at foreign exchange brokerage Gaitame.com in Tokyo on Thursday.
BUSINESS / Markets
Apr 25, 2024
Yen inches closer to intervention point as BOJ meeting starts
For the first time in over 30 years, the yen weakened beyond ¥155 per dollar, sending traders on the alert for possible intervention.

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