Currency News -
Expand AllJapan s intervention hints fail to stop yen rally
[Reuters] - Japan s government sharpened its rhetoric on foreign exchange intervention on Wednesday as a rise in the yen to a 15-year high underlined concerns that the currency s strength could threaten the economic recovery.
Dollar sinks to 15-year low against Japanese yen
[AP] - The U.S. dollar sank to a new 15-year low against the yen on Wednesday as investors continued to buy the Japanese currency as a safe haven for their money amid uncertainty about the global economic recovery.
FOREX-Dollar hits 15-yr low vs yen, euro struggles
[at Reuters] - * Dollar drops through 83.50 yen to latest 15-year low * Euro flounders near record trough on Swiss franc * Market testing water for next trend move
U.S. dollar falls to fresh 15-year low against yen
[at MarketWatch] - The U.S. dollar fell to a fresh 15-year low against the Japanese currency Wednesday even as Japanese officials sounded warning potential intervention measures in the foreign exchange markets.
Dollar hits new 15-year low vs yen
[at Reuters] - The dollar fell to a fresh 15-year low against the yen on Wednesday as resurgent concerns about euro zone debt woes lifted the low-yielding yen and as the market tested options barriers expected at 83.50 yen per dollar.
JGBs advance as yen rises on euro zone jitters
[at Reuters] - * 30-yr JGBs underperform ahead of auction * Slide in JGBs started to abate in last few sessions TOKYO, Sept 8 - Lead 10-year Japanese government bond futures rose on Wednesday as renewed concern about the health of European banks and the yen hovering near a 15-year peak to the dollar stirred demand for safe-haven debt.
UPDATE - Templeton: Yen could weaken on more Japan easing
[at Reuters] - * Templeton s Hasenstab: keeping bet against yen vs dollar * Does not expect yen intervention by Japan * Sees U.S. yields rising in medium term on fiscal deficit
Asia Falls; Yen Near 15-Year High
[at The Wall Street Journal] - Asia Falls; Yen Near 15-Year High Asian stocks fell Wednesday amid concerns over the health of European banks. Exporter shares dropped, dragging the Nikkei down 1.7%, on the yen s strength.
UPDATE - Japan capex stabilising, strong yen a threat
[at Reuters] - * Yen near 15-year high versus dollar; risk trades suffer * BOJ seen willing to ease after political uncertainty ends
[$$] Strong Yen Pumps Up Luxury Prices
[at The Wall Street Journal] - Strong Yen Pumps Up Luxury Prices A surging yen is encouraging third-party websites to jump in with deep discounts on high-end luxury goods.
Japanese stocks pulled down by strong yen
[at MarketWatch] - Japanese stocks headed sharply lower early Wednesday, after the yen hit a fresh 15-year high against the U.S. dollar overnight, weighing on key exporter shares. The Nikkei Stock Average lost 1.7% to 9,073.8, while the broader Topix fell 1.4% to 822.9.
FOREX-Euro rattled by bank scare, yen eyes new highs
[at Reuters] - * Bank scare sends euro to record lows on Swiss franc, A$ * Yen up broadly, makes fresh 15-year high on US$ SYDNEY, Sept 8 - The euro was on the defensive on Wednesday as the latest scare over the euro zone banking system slapped it to lifetime lows against the Swiss franc and Australian dollar, while also boosting the safe-haven yen.
Germans are wrong: the eurozone is good for them
[at Financial Times] - Which country is the biggest gainer from the creation of the eurozone? My answer would be Germany. This view is hardly accepted in Germany itself. But such scepticism needs to evaporate.