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May 06, 2024
 

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DOLLAR

A monitor in Tokyo shows the yen weakening past ¥150 per dollar late Tuesday night.
BUSINESS / Markets
Feb 14, 2024
Yen's slide past ¥150 per dollar prompts stern warnings from Japan
The yen has tumbled more than 6% versus the dollar so far in 2024.
The risks are particularly evident in Asia, home to some of the world’s worst-performing major currencies against the greenback.
BUSINESS / Economy
Jan 19, 2024
Dollar dominance is triggering intervention fears across markets
The greenback's recent spike is a reality check to investors betting on dollar weakness and for the authorities hoping for a respite.
The yen's exchange rate against the dollar on Wednesday. The yen declined from ¥103 against the dollar in 2020 to as little as ¥151 in late 2023.
COMMENTARY / Japan
Jan 11, 2024
Is a weak yen good for Japan’s economy?
The yen's fast depreciation is boosting overseas investment and sectors like tourism, but could also trigger inflation. In response, the BOJ should raise interest rates.
The Bank of Japan's headquarters in Tokyo. In 2023, the dollar surged from around ¥130 at the start of the year to above ¥151.90 in mid-November as the gap between U.S. and Japanese interest rates widened on the back of the U.S. Federal Reserve's rapid rate hikes to curb inflation.
BUSINESS / Markets
Dec 30, 2023
Dollar could fall to around ¥130 in 2024, analysts say
Six of eight analysts predict that the lower end of the greenback's range against the yen next year will be between ¥130 and ¥135.
After being whipsawed by false starts calling for the end of the Fed’s rate hiking regime, a Bloomberg gauge of the greenback is down nearly 3% since January in the steepest annual drop for the U.S. currency since 2020.
BUSINESS / Economy
Dec 29, 2023
U.S. dollar is set for worst year since 2020
The dollar’s fall stands in contrast to the pound, which is set for its best year since 2017.
The yuan's stealthy climb in global payments could see it pose a challenge to the U.S. dollar's dominance.
COMMENTARY / World
Dec 25, 2023
The yuan is finally showing some muscle in international trade
The yuan's stealthy climb in global payments could see it pose a challenge to the U.S. dollar's dominance.
The yen climbed by more than 1% against the dollar to the ¥140-range in Thursday trading.
BUSINESS / Markets
Dec 14, 2023
Yen gains over 1% as Fed pivots to rate cuts ahead of BOJ meeting
The Japanese currency surged past the four-month high of ¥141.71 reached last week amid dollar weakness due to dovish moves by the Fed.
An illegal money changer checks old U.S. dollars at a marketplace in Harare, Zimbabwe.
BUSINESS / Economy
Nov 24, 2023
As Argentina eyes dollarization, Zimbabwe and Ecuador offer clues
Adopting the greenback in place of the local currency might bring stability, but it is not without its pains.
A monitor in Tokyo shows the yen weakening below ¥151 to the dollar on Wednesday.
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.
The yen's slide past ¥150 to the dollar has raised renewed speculation over possible government interventions in the currency market.
BUSINESS / Markets
Oct 26, 2023
Yen weakens close to three-decade low against U.S. dollar
The yen was trading well within the zone that saw authorities wade into the market last year.
An electric monitor displays the yen exchange rate against the U.S. dollar and the Nikkei share average outside a brokerage in Tokyo on Wednesday.
BUSINESS / Economy
Oct 6, 2023
Japan's re-defined intervention trigger may slow yen bears
The new interpretation of "excessive" yen volatility is aimed at keeping investors on guard rather than lowering the threshold for intervention.
Japan’s currency reached ¥150.16 per U.S. dollar on Tuesday in New York trading, its weakest value since October 2022. Then, within seconds, it rebounded to ¥147.43 per dollar.
BUSINESS / Markets
Oct 4, 2023
Yen rebounds from ¥150 to dollar as Japan mum on intervention
The yen quickly strengthened to ¥147.30 against the dollar, with its swift recovery sparking chatter that a quiet intervention had occurred.
The yen's slide to the cusp of ¥150 per dollar has put investors on high alert for the risk of intervention.
BUSINESS / Markets
Sep 29, 2023
Yen intervention a hard sell even as 'red line' beckons
To make even a ripple in the $5 trillion currency market, the BOJ would need to draw down massive amounts of dollar reserves.
Apart from the direct economic costs, governments that conspire to thwart the dollar system risk losing America’s security guarantees as well.
COMMENTARY / World
Sep 20, 2023
The greenback’s full-spectrum dominance is here to stay
Debates about the future of the international monetary system often fail to appreciate the greenback’s full-spectrum dominance.
The yen remains vulnerable to sharp movements and government intervention even after its rally at the start of this week.
BUSINESS / Markets
Sep 12, 2023
Imminent Fed meet keeps yen intervention on agenda despite rally
U.S. inflation figures set to be released Wednesday are expected to show price growth accelerating for a second month in August versus a year earlier
Russian President Vladimir Putin delivers his remarks during the 2023 BRICS Summit in Johannesburg on Thursday.
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.
The yen has depreciated about 3% since the Bank of Japan decided to tolerate higher benchmark bond yields on July 28.
BUSINESS / Markets
Aug 15, 2023
Yen weakens toward level that prompted September intervention
The currency has depreciated about 3% since the Bank of Japan decided to tolerate higher benchmark bond yields on July 28.
Japan says Biden's description of nation as xenophobic is 'unfortunate'
The National Diet building in Tokyo
As visitors surge, Japan seeks ways to make tourism eco-friendly
Much like other hot spots across Okinawa, Onna has diligently strived to captivate both domestic and international tourists, while at the same time grappling with the environmental strain induced by the influx of visitors.
G7 eyes plan on U.S.-led $50 billion aid package for Ukraine
A local resident visits the Lychakiv cemetery in Lviv, Ukraine, on Thursday. The U.S. is in talks with close partners to lead a group of allies that would give as much as $50 billion in aid to Ukraine.
Japan drops to 70th in press freedom rankings
A businessman reads a newspaper outside a train station in Tokyo.
Kishida talks up bolstered Latin American ties as China cements position
Prime Minister Fumio Kishida holds a news conference in Sao Paulo on Saturday.
'Monster' Inoue ready to tear down Luis Nery in title defense at Tokyo Dome
Naoya Inoue (left) and Luis Nery following a pre-fight news conference in Yokohama on Saturday, two days ahead of their super bantamweight title fight.
Debate on constitutional revision at a standstill despite Kishida's pledges
With less than two months left before the conclusion of the current session of parliament, any possibility that Prime Minister Fumio Kishida can deliver constitutional reform before the end of his term as Liberal Democratic Party president in late September, as he has promised, appears remote.
Sapporo court ruling on Ainu fishing rights presents tough questions
A traditional Ainu preserved food called <i>satchep</i> (dried fish) being made at the government-run National Ainu Museum and Park, nicknamed Upopoy, in the town of Shiraoi, Hokkaido, on Dec. 25. The Sapporo District Court ruled last month that the Raporo Ainu Nation's rights as an Indigenous people did not extend to having an inherent right to fish for commercial reasons.
With eye on China, defense chiefs agree to bolster interoperability
From left: U.S. Secretary of Defense Lloyd Austin, Australian defense chief Richard Marles, Japanese Defense Minister Minoru Kihara and Philippine Defense Secretary Gilberto Teodoro hold a joint news conference in Honolulu on Thursday.
Yellow sand allergy: A health issue made worse by climate change
A screenshot of the Meteorological Agency's satellite image of clouds and yellow sand (in pink) on Sunday.

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