Forex News

By Makiko Yamazaki and Kevin BucklandPublished 04/29/2024, 07:20 PMUpdated 04/30/2024, 08:46 AM TOKYO (Reuters) -Japan stands ready to deal with foreign exchange matters around the clock, top currency diplomat Masato Kanda said on Tuesday, as money market data suggested the finance ministry had spent around $35 billion to prop up the sliding yen a day

EURO WEEKLY FORECAST – BEARISH You can download our Q2 Euro Technical and Fundamental reports to get a longer-term view of the Euro RECOMMENDED BY NICK CAWLEY Get Your Free EUR Forecast Get My Guide Euro Fundamental Analysis Next week’s economic calendar contains a raft of high-importance data releases, and events, that are likely to impact the

Published 04/26/2024, 04:54 AMUpdated 04/26/2024, 04:58 AMThe U.S. dollar drifted lower Friday, ahead of the release of key U.S. inflation data, which could drive sentiment with the Federal Reserve meeting next week. At 04:55 ET (08:55 GMT), the Dollar Index, which tracks the greenback against a basket of six other currencies, traded 0.1% lower at

Published 04/24/2024, 08:43 PM NEW YORK/MILAN (Reuters) – The U.S. dollar gained on Thursday after a hotter-than-expected inflation reading for the first quarter, affirming expectations that the start of the Federal Reserve’s easing cycle could be pushed later in the year. The yen, meanwhile, hit a fresh 34-year low versus the dollar and a 16-year

TOKYO (Reuters) -Japanese authorities are facing renewed pressure to combat a sustained depreciation in the yen, as traders drive down the currency on expectations that any further interest rate hikes by the central bank will be slow in forthcoming. Below are details on how yen-buying intervention works: LAST CONFIRMED YEN-BUYING INTERVENTION? Japan bought yen in

TOKYO (Reuters) -The yen’s slide to fresh 34-year lows is likely to force Bank of Japan Governor Kazuo Ueda to walk a delicate line in guiding monetary policy this week as he tries to maintain a calibrated path to exiting ultra-easy rates without upending the currency. The BOJ chief will be mindful of avoiding the

SINGAPORE (Reuters) -The yen was pinned on the weaker side of 155 per dollar on Thursday as the Bank of Japan (BOJ) kicks off its two-day rate-setting meeting, leaving traders nervous as to whether Tokyo will intervene while policy deliberations are still underway. Having traded in a tight range over the past few days, a