Tag - currencies

 
 

CURRENCIES

Pacific Investment Management headquarters in Newport Beach, California. The bond giant says it has started building a long yen position.
BUSINESS
Nov 20, 2023
Pimco is buying yen to prepare for tighter BOJ monetary policy
The bond giant started building a long yen position when Japan’s currency weakened past ¥140 per dollar a few months ago.
People pass an electronic board showing the rate of the yen against the dollar on a street in Tokyo on Wednesday.
BUSINESS
Nov 15, 2023
Former currency czar sees structural factors behind yen weakness
"I wonder whether overseas investors may be thinking what's in it for investing in Japan," said Rintaro Tamaki.
BUSINESS / Economy
Nov 1, 2023
Japan ramps up yen intervention warning after BOJ-fueled sell-off
The broad decline toward ¥152 to the dollar has the currency around the threshold that a year ago drove Japanese authorities to swoop in to prop it up.
Finance Minister Shunichi Suzuki (front right) arrives for a news conference during the annual meeting of the International Monetary Fund and the World Bank, in Marrakech, Morocco, on Friday.
BUSINESS / Economy
Oct 14, 2023
Japan tells G20 it may need to act in FX market
Finance Minister Shunichi Suzuki's remarks came as the yen renewed its declines against the dollar.
EDITORIALS
Aug 26, 2023
Bigger isn’t necessarily better for the future of BRICS
Shared grievances may bind them, but they are not enough to fuel concerted action to challenge the dominace of the West.
While the U.S. today accounts for only 25% of global economic output, the dollar remains involved in nearly 90% of all foreign-exchange transactions.
COMMENTARY / World
Aug 18, 2023
The real cost of de-dollarization
While there are currently no viable alternatives that could usurp the greenback, the biggest threat to its hegemony comes from the US government itself.
Bank of Japan Gov. Kazuo Ueda
BUSINESS / Markets / ANALYSIS
Aug 16, 2023
As yen enters intervention range, Japan's policymakers hold fire
With Japan now reaping some benefits from a weaker currency, intervention may not come as quickly as it did last year.
Finance Minister Shunichi Suzuki
BUSINESS / Markets
Aug 16, 2023
Yen option traders unfazed by risk of intervention from Japan
Option traders see little likelihood of intervention even if the yen weakens to ¥145.90 against the dollar.
Moscow has begun testing its new digital ruble with consumers this week.
BUSINESS / Tech
Aug 16, 2023
Russia tests digital ruble for sanctions evasion and social control
Development of the digital ruble took off after Western sanctions blocked Russia from parts of the global banking system.
People buy food at stalls promoting China's digital yuan, or e-CNY, during the 2022 China International Fair for Trade in Services in Beijing in September 2022.
BUSINESS / Markets
Aug 10, 2023
With blockchain 'bridge', China challenges U.S. dollar dominance
A Beijing-backed digital prototype for sending money around the world without relying on U.S. banks is advancing quickly.
Eisuke Sakakibara, former top finance official, says Japanese authorities are unlikely to intervene in foreign exchange markets to prop up the yen.
BUSINESS
Aug 7, 2023
Japan's 'Mr. Yen' Sakakibara expects no intervention
The yen has fallen around 14% since the Fed began rapidly raising rates to combat soaring inflation in March 2022.
Japan Times
BUSINESS / ANALYSIS
Jul 14, 2023
Tumbling U.S. dollar a boon to risk assets across the globe
The greenback's tumble has come as U.S. Treasury yields have eased in recent days, dulling the dollar's allure while boosting a wide range of other currencies.
BUSINESS
Jul 12, 2023
Yen strengthens through ¥140 as bulls bet on turning point
Predictions that the yen was poised for a 10% rally as Japan relented on its ultradovish monetary policy have yet to pan out, but signs that the currency is at a turning point are mounting.
Japan Times
COMMENTARY / World
Jul 6, 2023
The mighty U.S. dollar can fight off the digital upstarts
The de-dollarization project is counting on blockchain technology to end the greenback’s hegemony. The hope may be misplaced.
BUSINESS
Jun 30, 2023
Yen weakens to ¥145 per dollar, nears 2022 intervention level
Last year, the currency’s slide toward ¥146 triggered intervention, and in the buildup to that there were repeated official warnings.
Japan Times
BUSINESS
Jun 29, 2023
Japan and South Korea revive expired currency swap deal
The decision came after Finance Minister Shunichi Suzuki and his counterpart Choo Kyung-ho met in Tokyo during an event that was held for the first time since 2016.
Japan Times
BUSINESS
Jun 23, 2023
Japan’s biggest bank in talks to issue global stablecoins
MUFG is in discussions with multiple parties about using its blockchain platform, Progmat, to mint stablecoins tied to foreign currencies.
BUSINESS / Economy
Jun 15, 2023
Japan and South Korea to revive currency swap pact
The two sides will seek to agree on such a pact at a meeting between their finance ministers to be held in Tokyo on June 29, sources have said.
Japan Times
BUSINESS
Jun 9, 2023
Japan and South Korea may discuss currency swap deal but caution lingers
The currency swap could be on the agenda at a bilateral finance dialogue that is expected to be held in Tokyo later this month.
Japan Times
BUSINESS
Jun 5, 2023
Putin’s war ignites backlash against dollar across the world
All around the world, a backlash is brewing against the hegemony of the U.S. dollar.

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