Haruhiko Kuroda is grappling with a yen in virtual free-fall AP Photo/Pat Roque The biggest monetary policy experiment in modern history is clearly not going well as the Japanese yen plunges to 32-yea...
Tag: Yen
Weak yen to boost travel; no full rebound without China
After more than two years of strict Covid-19 border controls, Japan reinstated visa-free travel to 68 countries on Tuesday. Maki Nakamura | Digitalvision | Getty Images The Japanese yen’s slump ...
Japan Tax Cut on Offshore Cash Seen as Option to Support Yen
(Bloomberg) — A tax cut on capital shifted back to Japan from overseas subsidiaries may help stem the yen’s rapid depreciation, some economists say. Most Read from Bloomberg Reducing the tax app...
How low can the Japanese yen plunge?
The USD/JPY price continued its bullish trend on Wednesday as investors focused on the strong recovery of the American economy. The pair also continued its recovery as the divergence between the Feder...
While the US Dollar Tramples the Euro, Pound and Yen, Russia’s Ruble Skyrockets Against the Greenback – Economics Bitcoin News
While the U.S. dollar has soared in value against a basket of worldwide fiat currencies, Russia’s ruble climbed 4.5% against the greenback this week. During the first week of September, Russia told th...
As Rupee, Euro, Yen Collapse in Price, Will Crypto Finally Have Its Day?
The Indian rupee hit a new all-time low on Friday in another turbulent week for the ever devaluing fiat currencies. At the interbank foreign exchange (FX) the rupee opened at ₹81.08 against the dollar...
Bank of Japan Intervenes in Foreign Exchange Markets After Yen Slips to 24-Year Low – Economics Bitcoin News
While the greenback has been rising higher, the Japanese yen tapped a 24-year low and Japan decided to intervene in foreign exchange markets (forex) for the first time since 1998. Reports say the Bank...
Yen rallies after Japan unilaterally intervenes for first time in 24 years
The dollar dropped sharply against the Japanese yen on Thursday, in the first intervention to support its currency since 1998, after the Bank of Japan bucked the trend of other central banks by not hi...
Japan Intervenes to Support Yen for the First Time Since 1998
(Bloomberg) — Japan intervened to support the yen for the first time since 1998, seeking to stem a 20% decline against the dollar this year amid a widening policy divergence with the US. Most Re...
Japanese Yen Plunges to 24-year Low as Yield Control Policy Takes Center Stage
As the Japanese yen plunges to its weakest level since 1998, analysts ponder on how best to address this and other macroeconomic issues. The Japanese yen has plunged to the lowest levels not seen in a...
Anchorage Digital Offers Japanese Yen Stablecoin Approved by New York’s DFS – crypto.news
On Tuesday, Anchorage Digital, a regulated crypto custody platform, said it is now offering a Japanese Yen Stablecoin (JPY). This adds to the company’s Euro and USD custodial offerings, which have var...
Anchorage Digital offers Japanese Yen Stablecoin
The Japanese yen Stablecoin is in collaboration with GMO-Z.com. Anchorage digital will now be supporting GYEN. Anchorage Digital, a digital asset platform and infrastructure provider, is now backing G...
Yen’s 24% Plunge Is Crisis Warning World Can’t Ignore
Japanese Prime Minister Fumio Kishida’s approval rating is down around 40%. RODRIGO REYES MARIN/POOL/AFP via Getty Images The only thing in Tokyo falling more dramatically than the yen is Prime ...
Crypto Custody Specialist Anchorage Digital Offers Japanese Yen Stablecoin
Stablecoins such as USDT and USDC have become cornerstones of crypto and the catalysts for new trading paradigms such as decentralized finance (DeFi). But non-crypto natives are now realizing the wide...
Yen Drops to 24-Year Low While Dollar Holds Steady Position
The week started positively for the safe-haven dollar as it hit a 24-year high against the Japanese yen. The development emerged after the tightening of the US monetary policy. On the other hand, Japa...
Japan Is a Reminder of How Situational Today’s Inflation ‘Hawk-ery’ Is
What happens when words lose their meaning? Confucius made plain that freedom is what suffers under such a scenario, and it seems he might be vindicated yet again. For background, let’s consider the p...
Abe Shooting Raises Policy Doubts From Analysts as Yen Gains
(Bloomberg) — The shooting of former Japanese Prime Minister Shinzo Abe is spurring market debate over a potential loss of support for the Bank of Japan’s super-easy monetary policy after an ini...
Top 3 reasons why the Bank of Japan will let the yen depreciate further
To many traders, the breakout higher of the Japanese yen pairs in 2022 is the story of the first half of the trading year. Indeed, the dynamic of the moves has been nothing short of spectacular. Howev...
Yen tumbles after the Bank of Japan keeps policy unchanged
The last central bank to deliver its monetary policy statement this week was the Bank of Japan. Much has been said about central banks’ actions this week – a week that may go down as one of the wildes...
Is it safe to buy the Japanese yen after dropping toward a 24-year low?
Today is the ECB day, as the European Central Bank will release its statement. But despite the conflict in Ukraine, the euro is not at center stage when it comes to this year’s movements in the curren...
Rakuten Group Reports 437.1 Billion Yen in Revenues during FY22
Japanese giant Rakuten Group today released its financial results for the first quarter of the fiscal year 2022 (FY22). For the reported period, the Group witnessed a jump of 11.7% YoY in revenue as t...
US Dollar Continues to Elevate Against the Japanese Yen
US Dollar vs Japanese Yen Technical Analysis The US dollar initially tried to rally during the trading session on Friday but has seen a little bit of a pullback. At this point, the market still looks ...
US Dollar Continues to Rally Against the Japanese Yen
US Dollar vs Japanese Yen Weekly Technical Analysis Without a doubt, the most important currency in the world is the US dollar. It also just happens to be the most desirable one at the moment, with th...
Will the Japanese yen crash continue in May?
The USD/JPY pair continued its bullish trend in April as the collapse of the Japanese yen continued. The pair is trading at 130.21, which is the highest it has been since 2002. This price was signific...
US Dollar Continues to Power Higher Against the Japanese Yen
US Dollar vs Japanese Yen Weekly Technical Analysis The US dollar has rallied during the course of the week to show signs of strength yet again. After all, the market has broken above the ¥128 level. ...
Japan’s Central Bank (BOJ) is cautious about Digital Yen
The Bank of Japan will proceed with caution when it comes to the digital yen, preferring Sweden’s approach to China’s rapid development of experimentation. Central bank digital money has c...
Japan’s Central Bank Will Test Digital Yen Cautiously
Over the past years, developed and developing countries have shown a growing interest in central bank digital currency (CBDC). The Bank of Japan has recently announced a cautious approach to the digit...