Dollar Climbs Back To ¥160 After Yen Rips 600 Pips. BOJ Still Not Touching Rates.
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Something strange happened in the yen Thursday, and Friday the Bank of Japan gave its answer without really giving an answer at all. Dollar yen swung 600 pips in one…
japnese yen
Dollar Pushes Yen to 164 Zone Again. Inflation Data Did Not Help. Bank of Japan Under Pressure.
Inflation in Japan is rising. Normally that helps a currency. Not here. Yen kept falling Friday and hit another 40 year high against the dollar because the market does not…
Japanese yen Hits Four-Decade Low as USD/JPY Reaches 163
Japanese yen is at level not seen since 1986. Four decade low. Finance Minister warning again. And the fundamental reasons for yen weakness have not changed at all. This is…
Japanese Yen Jumped 100 Pips Friday After Finance Minister Comments. Dollar Still Has the Upper Hand.
Not intervention. Not a Bank of Japan rate hike. A comment about pension funds investing more in domestic assets. That was enough to move the yen 100 pips in a…
Japanese Yen Back Above 162 as USD/JPY Rebounds; Intervention Watch Continues
The Japanese yen dropped sharply on Friday, leading many traders to believe the Bank of Japan had intervened in the currency market. By Monday, however, USD/JPY had recovered above 162,…
Yen Hits 40 Year Low Near 162.50. Japan Is Watching Closely Now.
Yen just hit a level not seen since 1986. That is a long time. Most people reading this were not even alive back then. Here is what is actually going…
Yen Slides Through 161.50. Japan Intervention Talk Is Back. Dollar Keeps the Pressure On.
Yen is getting close to territory that made Japan very uncomfortable last time. Officials are making noise. Traders are watching closely. US markets are closed Friday so currency markets could…