As speculations that last week's spike in yen value was the result of another intervention from the Bank of Japan remain unconfirmed, Governor Shirakawa says that the BoJ is prepared to take appropriate action if needed. Despite...
With rising fears about additional monetary easing by the Federal Reserve, speculators have begun to exit many of their USD positions in favor of higher yielding assets. Bank intervention in Japan also has many investors weary of...
The U.S. dollar continued to decline in early morning trading Wednesday, buying less than 85 Japanese yen after the U.S. Federal Reserve said it was ready to take further action to boost the economy.
The Dollar is under pressure ahead of the Federal Reserve meeting statements later today, as the possibility of further quantitative easing measures by the Fed weigh on the greenback.
A very fascinating event took place last week as the Japanese leadership decided to intervene in the national currency’s trading. As planned, the Japanese yen fell against all the major currencies. At the moment, Japan is promising...
This past week’s news has given some investors hope that an economic recovery is indeed underway in America, even if recent news has begun to comment about a pause. The US IBD/TIPP Economic Optimism gauge on Tuesday...
The most significant economic event yesterday was beyond any doubt Japan’s confirmation of a unilateral intervention in yen trading in order to put a stop to the soaring currency. The consequences were seen immediately and the yen...
The Yen rose to a 15- year high against the dollar on Tuesday after Japan’s prime minister won a ruling party leadership vote, reducing the chances Japanese authorities would attempt to stem yen gains. The USD/JPY fell...
The U.S. dollar fell to a fresh 15-year low against the Japanese yen ahead of a big leadership election in Japan. The greenback also sank against the euro during Tuesday’s trading.
Following solid economic news out of China released last Friday, the euro, as well as other so-called riskier currencies, has maintained an upward trend going into this week. That being said, analysts are warning that these gains...
