Central banks worldwide have accelerated the developments when it comes to building their own central bank digital currencies (CBDCs). However, the Bank of Japan is not willing to press ahead with its...
Tag: Yen
Treasuries’ Biggest Foreign Buyers to Return on Weakening Yen
(Bloomberg) — Japan’s giant investors look set to bet on yen weakness continuing and boost their purchases of Treasuries over the rest of the year. Most Read from Bloomberg That’s the view of mo...
BoJ official says digital yen won’t be used to achieve negative interest rate
The Bank of Japan (BoJ) has said that its central bank digital currency (CBDC), the digital yen, will not be used to help attain negative interest rates. The BoJ’s executive director, Shinichi Uchida...
Yen is slowly becoming worthless
The Japanese yen is getting ‘worthless’ by the day. The USD/JPY pair rose to a high of 126.33 this week, which was the highest level since May 2002. The pair has risen by more than 67% from its lowest...
Has the Japanese yen lost its safe-haven status?
The Japanese yen has been the worst-performing currency in the developed world. The USD/JPY pair is hovering near its highest level since August 2015. If the bullish trend continues, it will be at the...
How Japan’s Yen ‘Lost Its Mojo’ as a Safe Haven
(Bloomberg) — What a difference eight years make for Japan’s currency. Most Read from Bloomberg “Yen Rises for Fifth Day Amid Ukraine Tension,” a Bloomberg News headline exclaimed in March 2014,...
US Dollar Continues Parabolic Run Against Japanese Yen
If this market does not pull back soon, the fall will be catastrophic. These moves never end well, and therefore I am not willing to buy it all the way up here. The pair certainly is moving on both te...
USD/JPY: Is it safe to buy the Japanese yen at its six-year low?
The USD/JPY pair continued its bullish momentum on Wednesday morning as Japan’s power crisis escalated. It is trading at 121.04, which is the highest it has been since 2016. Yen has crashed by over 19...
British Pound Continues to Pressure the Resistance Against Yen
The British pound has initially fallen during the trading session on Monday but turned around to show signs of life again. By doing so, it looks as if we are pressuring a major resistance barrier, as ...
British Pound Racing Higher Against Yen for the Week
The British pound has rallied significantly during the course of the week to show signs of strength, reaching the ¥156.50 level. The market has been very strong, but it looks as if the ceiling is gett...
Monex Activist Fund Crosses 10 Billion Yen in Assets under Management
Monex Asset Management, Inc., a subsidiary business owned by Monex Group, a financial services company based in Japan, announced today that its publicly offered investment trust fund, Monex Activist F...
Vantage’s Yen Sim Highlights the Importance of Marketing and Branding
Finance Magnates recently had an opportunity to interview Yen Sim, Director of Global Branding & Communications at Vantage, an international multi-asset brokerage. In the discussion, Sim outlined ...
Ukraine Issue Persists, Affects US Dollar and Japanese Yen
Russia and Ukraine continue to indulge in border issues. There is a possibility that Russia may soon attack its neighbor, as predicted by experts. Joe Biden, President of the United States of America,...
Yen crawls higher after weak Japan GDP data
The USD/JPY price retreated slightly even after the relatively weak Japan GDP data. The pair is trading at 115.35, which is about 0.85% below its highest level last week. Japan GDP data The Japanese ...
Dollar Is at Its Highest Against Yen While ECB Remains Hawkish
As traders wait to review the inflation data of the United States of America, the US Dollar has gone up against the Japanese Yen. It has now touched a value that is the highest in the last one month. ...
Japan’s Largest Bank to Issue Stablecoin Pegged to Yen
Japan’s largest bank, the trust banking arm of Mitsubishi UFJ, will issue a stablecoin pegged to the yen. The bank wants to popularize digital securities, improving settlement times and reducing costs...
Daiso Is The Dollar Store With A Yen For U.S. Market
Daiso’s new Las Vegas store was only its latest excursion into the American market. Photo: Warren Shoulberg What happens when you combine a dollar store with Muji, the Japanese minimalist design...
Digital Yen Will Not Benefit Japan’s Financial Network, Former BOJ Official Claims
Hiromi Yamaoka – the former leader of the Bank of Japan’s financial settlement department – urged the institution to avoid using the digital yen as a part of the country’s monetary policy. He believes...
Former BOJ official warns against use of digital yen in the financial sector
A former Bank of Japan (BOJ) official who reportedly headed the digital currency research is now advising against its use. According to a report published in the Japan Times, Hiromi Yamaoka, the forme...
Dollar Hits One-Month High Against Yen
The increase in the Japanese Yen is an overnight incident. Even though the US Dollar was observed to decline in market value, it rose after being paired with the Yen. Other currencies observed a simil...
Andy Yen On Using BTC to Enhance Privacy Measures
Andy Yen is the CEO of Proton, a privacy-focused company that has established a new encrypted email service. Now, the firm is working on bringing outside privacy tools onboard, some of which stem from...