Keyword: yen

Brevity: Headers | « Text »
  • Dollar Hits Fresh Highs Against Euro, Yen

    03/10/2015 1:27:34 AM PDT · by Oliviaforever · 11 replies
    WSJ ^ | 3/10/15 | HIROYUKI KACHI
    The dollar set fresh multiyear highs against the euro and the yen in Asian trade Tuesday, as market participants bet on the continuing divergence in monetary and economic conditions in the U.S., the eurozone and Japan.
  • Gold Surges Above $1200 On Heavy Volume As USDJPY, Treasury Yields Tumble

    12/30/2014 7:18:57 AM PST · by blam · 16 replies
    Zero Hedge ^ | 12-30-2014 | Tyler Durden
    Tyler Durden 12/30/2014 USDJPY has tumbled overnight back below 119.50, dragging stocks (equity futures now at session lows) and Treasury yields with it. But it appears the Gold/Yen trade that is reacting most significantly as a huge volume flushes through futures markets spiking Gold back above $1200...(snip)
  • MAULDIN: I'm So Sure Japan Is Screwed That I'm Converting My Mortgage Into Yen

    06/09/2013 7:20:53 AM PDT · by blam · 7 replies
    Business Insider ^ | 6-9-2013 | John Mauldin, Thoughts From The Frontline
    MAULDIN: I'm So Sure Japan Is Screwed That I'm Converting My Mortgage Into Yen John Mauldin, Thoughts From The FrontlineJune 9, 2013, 9:30 AM Wikimedia Commons Banzai! Banzai! Banzai!I shot an Arrow into the air It fell to earth I know not where…. - Henry Wadsworth Longfellow As kids, not knowing that we were being politically incorrect on so many levels, we would shout “Geronimo!” when we were playing war or getting ready to do something reckless. (For those not familiar, Geronimo was a rather fearsome Apache chief who plagued Mexico and the American cavalry.) Sam Houston and his fellows...
  • ABEGEDDON: Yen Surging, As Markets Violently Turn Against Japan

    06/06/2013 9:56:39 AM PDT · by blam · 9 replies
    Business Insider ^ | 6-6-2013 | Matthew Boesler
    ABEGEDDON: Yen Surging, As Markets Violently Turn Against Japan Matthew Boesler June 6, 2013, 12:25 PM One of the big stories in global markets today is how the long-U.S. dollar, short-Japanese yen trade seems to be completely unwinding. The dollar is currently trading around ¥96.30 to the yen and is down 2.9% on the day after hitting a low of ¥95.89 earlier. Per Bloomberg TV's Sara Eisen, that's the biggest single-day drop in the currency pair in 3+ years. It seems like the market has not been re-assured by recent rumblings out of Japan, where the "Abenomics"-fueled rally in stocks...
  • By 2015, Chinese Yuan On Par With Dollar

    05/25/2013 8:45:09 PM PDT · by KMR · 10 replies
    FORBES ^ | May 25, 2013 | Kenneth Rapoza
    Start buying Chinese currency, guys. It's going to be big time.
  • Yen hits 4-1/2-year low versus US dollar, oil and gold tumble

    05/12/2013 5:56:26 AM PDT · by SeekAndFind · 16 replies
    Reuters ^ | 05/12/2013 | By Herbert Lash
    The yen slid to a 4-1/2-year low against the dollar on Friday, triggering a sell-off in oil and gold as well as safe-haven U.S. and German debt, after recent signs of strength in the U.S. labor market added to bullish sentiment on the dollar. Wall Street surged at day's end, pushing both the Dow and the S&P 500 to record closing highs. Data on bond holdings in Japan showed the Japanese were buying more foreign assets, and the yen's collapse reverberated throughout financial markets. Conflicting signals about how investors view the economic outlook added to the yen's wide impact. The...
  • U.S. warns Japan over currency

    04/13/2013 10:08:09 AM PDT · by Olog-hai · 22 replies
    MarketWatch ^ | April 12, 2013 | Steve Goldstein
    The U.S. Treasury on Friday warned Japan not to actively weaken its currency as it again refrained from naming China a manipulator. In its twice-a-year assessment of whether any nation is a currency manipulator, Treasury said it will “closely monitor” Japan’s policies and the extent to which they support the growth of domestic demand. The new Shinzo Abe administration has pushed for aggressive bond-buying at the Bank of Japan, and the yen has dropped 13% against the dollar this year. The Japanese currency rose in Friday afternoon trade after the report was released. … China, meanwhile, escaped being branded a...
  • Japanese Yen Sinks Near Four-Year Low

    04/10/2013 7:57:39 AM PDT · by SeekAndFind · 11 replies
    Wall Street Journal ^ | 04/10/2013 | MATTHEW WALTER
    The yen plunged to its lowest level in nearly four years and showed no signs of slowing its weakening trend in response to the Bank of Japan's latest push to ease monetary policy. Investors have been aggressively selling the Japanese currency since policy makers at the BOJ announced last week they will print trillions of yen to pump money into Japan's sluggish economy in a bid to keep interest rates low and spark faster growth. "Both Japanese and non-Japanese investors appear to be selling Japanese government bonds equally aggressively," said Michael Woolfolk, senior currency strategist at Bank of New York...
  • MARKETS FREAK OUT (-217), YEN SURGES AFTER SHOCK SPLIT VOTE IN ITALY: Here's What You Need To Know

    02/25/2013 1:14:58 PM PST · by blam · 7 replies
    TBI ^ | 2-25-2013 | Sam Ro
    MARKETS FREAK OUT (-217), YEN SURGES AFTER SHOCK SPLIT VOTE IN ITALY: Here's What You Need To Know Sam RoFebruary 25, 2013 Huge swings in the Japanese yen, euro, and U.S. dollar came in the wake of some wild news out of Japan and Italy. First the scoreboard: Dow: 13,784, -216.9 pts, -1.5 percent S&P 500: 1,487, -27.7 pts, -1.8 percent NASDAQ: 3,116. -45.5 pts, -1.4 percent And now the top stories: * Over the weekend, reports surfaced that Japan would be sending a Haruhiko Kuroda to head the Bank of Japan. Kuroda, the head of the Asian Development Bank,...
  • Kyle Bass Puts A Timeframe On His Infamous Prediction Of A Japanese Collapse

    01/18/2013 11:45:06 AM PST · by blam · 9 replies
    TBI ^ | 1-18-2013 | Julia La Roche
    Kyle Bass Puts A Timeframe On His Infamous Prediction Of A Japanese Collapse Julia La RocheJanuary 18, 2013CNBC screengrab Texan hedge fund manager Kyle Bass, the founder of Hayman Capital Management, was on CNBC from the floor of the NYSE talking Japan, housing and the Fed moments ago. Bass, who if famously bearish on Japan, has timestamped his trading saying that the turn will come 18 to 24 months from now, NetNet's John Carney pointed out on Twitter. He's been predicting a debt collapse for a long time, but with nothing to show for it.
  • Japan Aso Says US Should Seek Strong Dollar .

    12/28/2012 4:08:12 AM PST · by BenLurkin · 4 replies
    wsj ^ | Updated December 28, 2012, 6:46 a.m. ET | TAKASHI NAKAMICHI
    Japan's finance minister said Friday that U.S. authorities should seek a strong dollar, making the most straightforward call yet from Tokyo's new leadership on Washington to help correct the yen's strength against the U.S. currency. Taro Aso, citing the U.S. currency's level being still below where it stood versus the yen when he served as prime minister in 2008-2009, said: "The U.S. ought to work toward making the dollar strong." He also played down the notion that the recent efforts by the new administration led by Prime Minister Shinzo Abe to weaken the yen could spark a devastating global race...
  • Here's What's Behind The Collapse Of The Japanese Yen — The Biggest Economic Story In The World

    12/27/2012 7:52:42 PM PST · by blam · 28 replies
    TBI ^ | 12-27-2012 | Joe Weisenthal
    Here's What's Behind The Collapse Of The Japanese Yen — The Biggest Economic Story In The World Joe WeisenthalDec. 27, 2012, 7:26 PM Earlier we joked that lost in all of the Fiscal Cliff shuffle was the fact that the yen has been getting clobbered. SocGen's FX guru Kit Juckes jokingly responded that far from getting "lost" the yen carnage was actually the only game in town. Indeed this is really the huge story in global markets right now. In addition to being a major shift in one of the world's biggest and strongest currencies, it affects all sorts of...
  • KYLE BASS: Japan Will Have A Bond Crisis Because It Takes 31 Million Years To Count To 1 Quadrillion

    12/27/2012 10:19:45 AM PST · by blam · 19 replies
    TBI ^ | 12-27-2012 | Joe Weisenthal
    KYLE BASS: Japan Will Have A Bond Crisis Because It Takes 31 Million Years To Count To 1 Quadrillion Joe WeisenthalDecember 27, 2012There's a video floating around of Kyle Bass reiterating his case that Japan is going to go bust. His first reason: Because Japan has 1 quadrillion yen worth of debt, and it would take you 31 million years to count to one quadrillion.(Click to the site to see the video)
  • Checkmate For Japanese Sovereign Debt

    02/22/2012 4:01:29 PM PST · by jwsea55
    SeekingAlpha ^ | February 2, 2012 | Asa Harrington
    Global Debt Crisis: Greece -> Europe -> Japan? From my previous article: Greece and Portugal are stuck in a very vicious cycle. Greek and Portuguese sovereign bond yields have risen substantially making it nearly impossible for these nations to roll over the debt with yields they can pay. For Greece, rising yields have brought it to the edge of default several times. To prevent a Greek default, the Troika (European Commission, International Monetary Fund, European Central Bank) has been sending large tranches of money to Greece to keep Greek bonds afloat and the Greek government solvent. Last year Portugal became...
  • ¥1,086,000,000,000,000 (Quadrillion) In Debt And Rising, And Why The ¥ Will Soon Be A $

    01/26/2012 8:45:14 AM PST · by SeekAndFind · 3 replies
    Zero Hedge ^ | 01/26/2012 | Tyler Durden
    Yesterday the Japanese Finance Ministry made a whopper of an announcement: in the year ending March 2013, total Japanese debt will surpass one quadrillion yen, or ¥1,086,000,000,000,000. This is roughly in line with the Zero Hedge expectations that by this March total Japanese debt would surpass one quadrillion yen. In USD terms, at today's exchange rate, this is precisely $14 trillion. And while smaller than America's $15.4 trillion (net of all post debt ceiling breach auctions), which was $14 trillion about a year ago, the GDP backing this notional amount of debt, which just so happens is greater than...
  • ALERT: Yen Plunges Big-Time After Japan Intervenes In The Market

    10/30/2011 8:53:14 PM PDT · by blam · 23 replies
    TBI ^ | Joe Weisenthal
    ALERT: Yen Plunges Big-Time After Japan Intervenes In The Market Joe Weisenthal Oct. 30, 2011, 9:50 PM After watching its currency hit new post-WWII high after post-WWII high against the dollar, finally Japan has moved to intervene. Here's a chart of the dollar vs. yen via FinViz. As you can see, the dollar has surged against the yen in the past few minutes. The super-strong yen has been a source of major consternation for Japanese exporters, for whom the strong yen has made business difficult. Nintendo, for example, blamed the super-strong yen for a quarterly loss.
  • Japan: 'Mrs. Watanabes' Blamed for Yen Surge

    04/25/2011 8:06:12 AM PDT · by TigerLikesRooster · 3 replies
    WSJ ^ | 04/21/11 | TATSUO ITO And MEGUMI FUJIKAWA
    ASIA NEWS APRIL 24, 2011, 10:21 P.M. ET. 'Mrs. Watanabes' Blamed for Yen Surge By TATSUO ITO And MEGUMI FUJIKAWA TOKYO—In a rare reflection of wild currency moves following the March 11 earthquake, Bank of Japan Gov. Masaaki Shirakawa said it was not the widely anticipated selling of overseas assets by Japanese insurers, but rather moves by the Mrs. Watanabes that propelled the yen to an all-time high against the dollar. In an interview on Friday, the BOJ chief said actions by investors engaged in margin trading—the favorite game among the herd of small Japanese investors represented by a mythical...
  • Japan: Dollar, yen gain on nuclear worries; pound falls(yen up due to raised radiaton level?)

    04/12/2011 5:53:53 AM PDT · by TigerLikesRooster · 7 replies
    Market Watch ^ | 04/12/11 | William L. Watts and Sarah Turner
    April 12, 2011, 6:18 a.m. EDT Dollar, yen gain on nuclear worries; pound falls Sterling retreats as inflation pace slows, retail sales tank By William L. Watts and Sarah Turner , MarketWatch LONDON (MarketWatch) — Safe-haven flows provided a modest boost for the dollar and lifted the Japanese yen on Tuesday after the Japanese government raised its assessment of the crisis at the Fukushima Daiichi nuclear plant to the same level as the 1986 Chernobyl disaster. The dollar index (BOARD:DXY) , a measure of the U.S. unit against a basket of six other currencies, traded at 75.007, up from 74.989...
  • China’s Central Bank Recommends Gold For “Value Preservation”

    03/27/2011 8:11:01 PM PDT · by Tolerance Sucks Rocks · 6 replies
    Forbes ^ | March 26, 2011 | Robert Lenzner
    Believe it or not Ripley! The People’s Bank of China(PBOC) recommended yesterday that 1 billion Chinese consider buying gold as a hedge against inflation and to preserve values in a world where currencies can fall. The PBOC Financial Markets Review came out just as several major currencies were indeed declining in value against gold; the dollar,1%, the Swiss franc,2.5%, t he British pound, 2%, and the Japanese yen, 2%. Wow! Be like the Fed telling you to buy oil stocks or crude oil futures due to expectation higher gasoline prices this summer. So, add the PBOC to other secular influences...
  • Why the yen rose despite calamity?

    03/18/2011 3:27:45 AM PDT · by 1010RD · 10 replies
    AsiaOne ^ | 3/15/11 | Mario Sant Singh
    LAST Friday, Mother Nature dealt Japan a cruel blow in the form of a 9-magnitude earthquake along the north-east region of Sendai. The earthquake triggered a massive 10m-high tsunami which has added to the colossal damage. Now the country is facing the threat of a possible meltdown of several nuclear plants. As Nobel prize-winning economist Nouriel Roubini has put it, the disaster came at the "worst time" as Japan struggles to reduce its massive debt. However, in the first day of trading after the disaster, the country's currency actually strengthened to 80.60 yen (S$1.2464) against the US dollar - less...
  • Japan:G-7 OKs Yen-Selling, Spurring BOJ, Gov't Move(forex intervention: Yen falling)

    03/17/2011 8:26:04 PM PDT · by TigerLikesRooster · 15 replies
    Nikkei ^ | 03/18/11
    Friday, March 18, 2011 G-7 OKs Yen-Selling, Spurring BOJ, Gov't Move TOKYO (Nikkei)--Finance ministers and central bank governors from the Group of Seven agreed to intervene jointly in the foreign exchange markets for the first time in more than 10 years to curb the yen's rise against the dollar. Officials from the G-7 held a telephone conference Friday morning to discuss the yen's surge against the dollar following the earthquake in northeastern Japan on March 11 and accidents at the Fukushima No. 1 nuclear plant. Following the agreement, the government and the Bank of Japan intervened in the forex market...
  • Japan risks credit crunch as yen thunders

    03/17/2011 4:56:32 PM PDT · by bruinbirdman · 28 replies
    The Telegraph ^ | 3/17/2011 | Ambrose Evans-Pritchard
    Japan is in imminent danger of a credit-crunch with global implications unless the authorities stabilise Tokyo's stockmarket and take overwhelming action to stop the yen exploding to record levels. Akito Fukanaga from RBS warned of a "financial shock" as banks and insurers comes under strain, and investors focus on the nexus of structured products linked to the yen. "Preventive measures on the financial front are urgently needed. Sentiment has declined severely and there are concerns over capital erosion at financial institutions. Lower stock prices and yen appreciation are on the verge of triggering a credit crunch," he said. The yen's...
  • Emergency Japan Earthquake Update: Economic Outlook Now Appears Dire

    03/14/2011 11:54:23 AM PDT · by bananaman22 · 11 replies
    OilPrice.com ^ | 14/03/2010 | John Thomas
    I just got off the phone with several frightened, somewhat dazed survivors of the Japanese earthquake who work in the financial markets, and I thought it important to immediately pass on what they said. Some were clearly terrified. Japan’s economic outlook now appears far more dire than I anticipated only a day ago. It looks like GDP growth rate is going to instantly flip from +2% to -3%, a swing of -5%, similar to what we saw after the Kobe earthquake in 1995. We have just had a “V” shaped economy dumped in our laps, and we have just embarked...
  • Investors Are Seeking Safety in New Harbors. USD, Once a Favored Refuge, Loses Ground to Yen, Franc

    03/06/2011 10:20:47 AM PST · by SeekAndFind · 6 replies
    Yahoo Finance ^ | 03/02/2011 | Tom Lauricella
    For years, whenever significant political or financial turmoil reared its head anywhere on the globe, investors would turn to the U.S. dollar as a safe haven. Yet as the chaos in North Africa has grown over the past month, investors have largely shunned the dollar and sought shelter elsewhere. They have turned to other traditional islands of stability, buying Japanese yen and the Swiss franc. What has especially raised eyebrows has been the move by investors to buy euros, a currency traditionally seen as a riskier prospect than the dollar, especially with the euro zone's debt problems still largely unresolved....
  • Barron’s Roundtable’s Marc Faber is Bullish on Japan

    03/04/2011 7:58:54 PM PST · by TigerLikesRooster · 2 replies
    Barron's ^ | 03/04/11
    Barron’s Roundtable’s Marc Faber is Bullish on Japan. By John Kimelman When Marc Faber talks, readers of Barron’s tend to listen. As a long-time member of the Barron’s Roundtable, Faber, an investor based in Hong Kong, brings both a contrarian and global perpspective to investing. And need we mention his dry wit. So when Faber gets bullish on Japan, an area that has performed decently in recent months after being long shunned by investors, it’s hard not to at least listen to what he has to say. During comments yesterday at a conference in Tokyo reported by Bloomberg, Faber said...
  • Dollar Falls to 15-Year Low Against Yen

    10/25/2010 7:37:43 AM PDT · by jpl · 9 replies
    BBC News ^ | Monday, October 25, 2010 | BBC
    The US dollar has hit a 15-year low against the yen after the G20 nations agreed to avoid a currency war. The weekend talks, in South Korea, saw the group of 20 major advanced and developing nations, agree to avoid competing to lower their currencies.
  • Markets Selloff Is Gathering Steam, As Yen Surges Even More Against The Dollar

    09/22/2010 10:22:13 AM PDT · by blam · 16 replies
    The Business Insider ^ | 9-22-2010 | Joe Weisenthal
    Markets Selloff Is Gathering Steam, As Yen Surges Even More Against The Dollar Joe Weisenthal Sep. 22, 2010, 11:38 AM The selloff in the US is gathering steam. The NASDAQ is off 15. Other indices are off a bit less. The chart you need to keep your eye on is USD/JPY, which continues to crumble, as the effect of intervention wears off. Tokyo is not happy.[snip]
  • Chinese-Japanese Relations In Chaos - Over Currency, Natural Gas, And A Detained Fishing Captain

    09/19/2010 11:37:04 AM PDT · by blam · 5 replies
    The Business Insider ^ | 9-19-2010 | Joe Weisenthal
    Chinese-Japanese Relations In Chaos Amid Disputes Over Currency, Natural Gas, And A Detained Fishing Captain Joe Weisenthal Sep. 19, 2010, 8:35 AM Image: google maps The detention of a Chinese fishing boat captain by Japan is creating serious strife between the two countries. The incident has lead to protests all around China, and now according to WSJ, Beijing is threatening to take action unspecified punitive against Japan. Though not directly related, bear in mind that this comes amid the backdrop of increasing economic tensions. Tokyo lashed out after it was revealed that China had upped its buying of JGB, in...
  • Hourly Action In Gold From Trader Dan

    09/16/2010 2:08:37 PM PDT · by Razzz42 · 11 replies
    Jim Sinclair's Mineset ^ | September 16, 2010 at 2:08 pm | Dan Norcini
    It could well be that with the polls projecting strong gains for the Republicans in the midterm elections that are now only about 6-7 weeks out, investors are getting excited about the prospects for gridlock in the government which will be viewed as a positive development. Should what have now become termed, “the Bush tax cuts” be renewed, I expect that stocks will react favorably to such a development as investors will view that as friendly towards the consumer spending side of things not to mention that it will lift a burden off of the small business job engine machine....
  • Yen Intervention Fans Flames Of Anti-Japanese Rage Across China (Oops)

    09/15/2010 6:44:42 PM PDT · by blam · 8 replies
    Yen Intervention Fans Flames Of Anti-Japanese Rage Across China Gus Lubin Sep. 15, 2010, 9:10 PM Anti-Japanese rage reached the highest level in years last night in China, says The Standard. In Guangzhou, protestors hurled beer bottles at the Japanese consulate. In Tianjin, they damaged Japanese buildings and fired ball bearings at a foreign school. In Hong Kong, activists stormed the Japanese consulate. Even Beijing has endorsed massive protests this weekend. Anti-Japanese sentiment has to do with a captured fishing boat and territorial protests -- but it also coincides with a yen intervention that will challenge China's export advantage. American...
  • Nikkei Dips Slightly, While Surging Yen Is The Canary In The Coalmine

    09/13/2010 6:57:03 PM PDT · by blam · 16 replies
    The Business Insider ^ | 9-13-2010 | Joe Weisenthal
    Nikkei Dips Slightly, While Surging Yen Is The Canary In The Coalmine Joe Weisenthal Sep. 13, 2010, 8:38 PM So far the opening of Japanese trading is a big snoozefest. The Nikkei is going nowhere fast. Image: Nikkei More interesting is what's going on in the yen, which continues to crush the dollar, and as we noted earlier, is definitely inconsistent with the seemingly bullish tone of global equities. It's rallying again in recent action.[snip]
  • FOREX-Yen nears 15-year peak versus dollar; euro rises (84 Yen = 1 Dollar?)

    08/31/2010 7:35:38 AM PDT · by TigerLikesRooster · 4 replies
    Reuters ^ | 08/31/10 | Wanfeng Zhou
    FOREX-Yen nears 15-year peak versus dollar; euro rises Tue Aug 31, 2010 9:38am EDT * Market tests Japan's willingness to intervene * Dwindling U.S.-Japan yield gap seen hurting dollar * Euro hits record low against Swiss franc on risk aversion (Adds detail, updates prices, changes byline, changes dateline, previous LONDON) By Wanfeng Zhou NEW YORK, Aug 31 (Reuters) - The yen rose toward a 15-year high against the dollar on Tuesday as investors shrugged off the Bank of Japan's latest easing move, betting on yen gains that would again test official readiness to intervene. Mounting U.S. economic concerns are likely...
  • Rally Gains Steam In Japan -- Nikkei Up 3.2%

    08/29/2010 7:41:29 PM PDT · by blam · 10 replies
    The Business Insider ^ | 8-29-2010 | Joe Weisenthal
    Rally Gains Steam In Japan -- Nikkei Up 3.2% Joe Weisenthal Aug. 29, 2010, 9:50 PM The sharp reversal in global markets that started Friday is continuing sharply in early Monday trading. After opening up about 1.6%, the Nikkei is now up 3.2%. A BoJ announcement regarding the yen will come in the next few hours. Let's hope they don't lay an egg and announce some milquetoast "we're watching the FX markets closely..." nonsense.[snip]
  • Nikkei Dives Again, Kissing Goodbye To 8,900

    08/24/2010 8:07:55 PM PDT · by blam · 14 replies
    The Business Insider ^ | 8-24-2010 | Joe Weisenthal
    Nikkei Dives Again, Kissing Goodbye To 8,900 Joe Weisenthal Aug. 24, 2010, 8:17 PM Yesterday Japan's Nikkei sliced through 9,000 and in early Wednesday action, it's taking out the next (albeit less memorable) milestone. Goodbye 8,900. Image: Nikkei.com Presumably somewhere there's a rumor or a wire report about yen intervention by the BoJ but that's just a guess. The actual big news of the evening is the Irish sovereign debt downgrade form S&P though in terms of actual effects on markets, it's not obviously having much of an impact. US futures are actually a touch higher than their previous close....
  • Some See the Hand of China in Recent Yen, Euro Rallies

    08/08/2010 6:05:45 AM PDT · by TigerLikesRooster · 9 replies
    WSJ ^ | 08/07/10 | TOM LAURICELLA And ALEX FRANGOS
    Some See the Hand of China in Recent Yen, Euro Rallies By TOM LAURICELLA And ALEX FRANGOS After a big surge through the first five months of the year, the dollar has slumped against the euro and yen, with many traders pointing to softer U.S. economic growth and stabilization in Europe as the catalyst. In currency markets, the buzz among traders is that there is another factor at work, too: China. In recent months, traders believe, China has stepped up its buying of yen- and euro-based investments. This is likely because it is trying to diversify its $2.5 trillion of...
  • Analyst: Sharp Move in Yen May Have Sparked Crash

    05/07/2010 10:50:12 AM PDT · by TigerLikesRooster · 12 replies · 521+ views
    Money Market ^ | 05/07/10
    Analyst: Sharp Move in Yen May Have Sparked Crash Friday, May 7, 2010 01:15 PM A quick, sharp plunge in Japanese yen currency crosses in early afternoon trading may have helped spark Thursday's broad sell-off in U.S. equity markets, a currency analyst said. "In early afternoon, right before the stock market sell-off, euro/yen and dollar/yen were the first to move sharply lower," said Boris Schlossberg, director for currency research at GFT in New York. "As they tumbled and the yen spiked up, massive automatic sell orders and algorithmic trading kicked in, leading other yen-correlated markets, such as oil and equities,...
  • So, Was There A Glitch In Yen Trading Too?

    05/06/2010 9:06:06 PM PDT · by blam · 16 replies · 1,252+ views
    The Business Insider ^ | 5-6-2010 | Joe Weisenthal
    So, Was There A Glitch In Yen Trading Too? Joe Weisenthal May. 6, 2010, 11:15 PM This chart of the yen is simply unbelievable. From FinViz:[snip]
  • Kyle Bass Is So Bearish On Japan, He Financed His Home In Yen

    01/21/2010 7:22:31 PM PST · by blam · 3 replies · 326+ views
    The Business Insider ^ | 1-21-2010 | Joe Weisenthal
    Kyle Bass Is So Bearish On Japan, He Financed His Home In Yen Joe Weisenthal Jan. 21, 2010, 8:11 PM We knew that Dallas-based Kyle Bass was bearish on Japan and the yen, but boy, this takes it to an extreme degree. Forbes reports: The Dallas hedge fund manager (no relation to the famous Bass family of Fort Worth) is so convinced the Japanese government's profligate spending will drive the nation to the brink of default that he financed his home with a five-year loan denominated in yen, which he hopes will be cheaper to pay back than dollars. We'd...
  • Japan's new finance minister calls for weaker yen

    01/07/2010 9:41:45 AM PST · by UAConservative · 2 replies · 207+ views
    CBS Marketwatch ^ | January 7, 2009
    TOKYO (MarketWatch) -- Japan's newly appointed Finance Minister Naoto Kan sent his nation's currency significantly lower against its U.S. counterpart Thursday, as he used his inaugural press conference to talk down the yen. Kan said many Japanese companies are in favor of the dollar trading around 95.00 yen, and that he will work with the Bank of Japan to get the currency to "appropriate" levels. The dollar spiked to 92.63 yen, from 92.15 yen before Kan spoke. It is unusual for Japanese ministers to make comments on specific foreign-exchange levels. The currency market trend "has been corrected a lot toward...
  • Japan finance minister says want yen to weaken more

    01/07/2010 12:33:06 AM PST · by Cheap_Hessian · 3 replies · 292+ views
    Yahoo News (Reuters) ^ | January 7, 2010 | Tetsushi Kajimoto and Stanley White
    TOKYO (Reuters) – Japan's new finance minister, Naoto Kan, said he wanted the yen to weaken more and would work with the Bank of Japan to bring the currency to an appropriate level given its impact on the economy. The dollar jumped half a yen after Kan's comments on the view that he will be more inclined to act against excessive yen rises that could hurt the export-driven economy, though some analysts questioned how the markets would interpret his comments. "Kan is known to make sharp comments when it comes to parliamentary debate, but it is uncertain whether he is...
  • Dollar hits two-month high after data. Citi sees yen going lower

    12/15/2009 4:03:59 PM PST · by SeekAndFind · 4 replies · 407+ views
    Market Watch ^ | 12/15/2009 | Deborah Levine and Steve Goldstein
    NEW YORK (MarketWatch) -- The dollar rose to the highest level in more than two months on Tuesday as stronger-than-expected U.S. economic reports lifted the greenback and concerns over the potential for European banks encountering a new round of problems weighed on the shared euro. Currency traders also positioned themselves as the Federal Reserve began its two-day monetary policy meeting. The dollar index /quotes/comstock/11j!i:dxy0 (DXY 76.91, +0.63, +0.82%) , which tracks the greenback against a trade-weighted basket of six major counterparts, rose to 77.022, compared with 76.351 late Monday. During the session, it touched 77.092, the highest on a closing...
  • Dollar sinks to fresh 14-year low vs yen

    11/27/2009 3:46:16 PM PST · by SeekAndFind · 7 replies · 471+ views
    RealClearMarkets ^ | 11/27/2009 | Malcolm Foster
    The dollar sank to a fresh 14-year low against the yen Friday as worries about Dubai's debt mountain drove investors to buy safe haven assets like the yen. Japanese Finance Minister Hirohisa Fujii called the yen's surge "a very serious situation." He said Tokyo will take appropriate measures as needed, suggesting that Japan may cooperate with the U.S. and Europe to calm foreign exchange markets. "I am monitoring the situation very carefully," Fujii said. The Japanese currency briefly touched 84.81 yen — the lowest since mid-1995 — in early trading before bouncing back to 86.33 yen. The euro, meanwhile, weakened...
  • Dollar Falls To 14-Year Low VS Yen, Touching 86.51

    11/25/2009 9:42:25 PM PST · by blam · 13 replies · 891+ views
    AP ^ | 11-25-2009 | MALCOLM FOSTER
    Dollar Falls To 14-Year Low VS Yen, Touching 86.51 By MALCOLM FOSTER, Associated Press TOKYO – The dollar tumbled to 14-year low against the Japanese yen Thursday after indications U.S. interest rates will remain low and that the Federal Reserve isn't overly concerned about the dollar's slide. The dollar sank to 86.51 yen in Tokyo trading, the lowest since July 1995. Analysts said some investors were selling the dollar to buy gold, which surged to another record Thursday. Finance Minister Hirohisa Fujii said Japan "will take appropriate steps if foreign exchange rates move abnormally." A strong yen is generally seen...
  • ARABS PLOT TO DROP DOLLAR Link only source cannot be posted

    10/05/2009 4:24:16 PM PDT · by FromLori · 45 replies · 1,977+ views
    Drudge | 10/6/09
    http://www.independent.co.uk/news/business/news/the-demise-of-the-dollar-1798175.html
  • The U.S. Dollar is not Crashing!

    05/27/2009 8:54:30 PM PDT · by campaignPete R-CT · 34 replies · 1,152+ views
    Vanity | May 27, 2009 | CampaignPete
    The Dollar is not crashing. Gold is not on a big surge. Yes, long-term Treasuries have lost all their gains of the bear market.
  • Euro, yen make dollar look good : USD is relatively strong right now compared with other currencies

    03/04/2009 9:11:23 AM PST · by SeekAndFind · 13 replies · 792+ views
    MSN Money ^ | March 3,2009 | Jim Jubak
    The U.S. dollar is rallying against both the Japanese yen and the euro -- up about 7% against the yen and 9% against the euro this year -- despite a steady drumbeat of bad news. What seems puzzling at first is perfectly understandable if you remember that a currency doesn't have to be perfect or even particularly solid to gain value. All it has to do is be less bad than the alternatives. And right now the U.S. dollar is the least-bad currency in the world. The comparative superiority of the dollar won't last forever, but I'd give it at...
  • RED ALERT: FX Dislocation In Process

    02/16/2009 7:47:40 PM PST · by dangermouse · 324 replies · 16,395+ views
    Market Ticker ^ | 2-16-2009 | Karl Denninger
    8:17 CT I do not know what is going on here, and I don't think I want to. Someone, apparently someone in Asia, wants dollars. A LOT of dollars. There is a forced-liquidation event underway that is massive, it is against all asset classes and it is spreading. It originated at approximately 7:15 CT this evening and originated out of Asia somewhere. All of the primary currency crosses got hit at once - Euro, Pound, Yen - all weakened dramatically against the dollar and it is still going on. The Asian stock markets got walloped at the same time in...
  • RED ALERT: FX Dislocation In Process

    02/16/2009 9:25:34 PM PST · by PetroniusMaximus · 5 replies · 2,030+ views
    http://market-ticker.org/ ^ | Monday, February 16. 2009 | Karl Denninger
    8:17 CT I do not know what is going on here, and I don't think I want to. Someone, apparently someone in Asia, wants dollars. A LOT of dollars. There is a forced-liquidation event underway that is massive, it is against all asset classes and it is spreading. It originated at approximately 7:15 CT this evening and originated out of Asia somewhere. All of the primary currency crosses got hit at once - Euro, Pound, Yen - all weakened dramatically against the dollar and it is still going on. The Asian stock markets got walloped at the same time in...
  • Bank of Japan injects three trillion yen

    09/19/2008 12:14:46 AM PDT · by Chet 99 · 5 replies · 192+ views
    TOKYO (AFP) — The Bank of Japan said it poured three trillion yen (28.3 billion dollars) into money markets Friday amid continuing concerns over turmoil in financial markets. The Japanese central bank made an early injection of two trillion yen, followed by another one trillion later in the day. The BoJ has made emergency injections twice daily for the past four days, and the latest brings the total to 11 trillion yen since Tuesday.
  • Beijing and Riyadh will call the shots on ailing dollar's future

    05/11/2008 11:58:51 AM PDT · by null and void · 7 replies · 187+ views
    The Telegraph UK ^ | 5:52pm BST 11/05/2008 | Liam Halligan
    Only a month ago the dollar slumped to an all-time low against the euro. And it's just five weeks since the greenback hit a 12-year low against the yen. But now, the US currency has started to strengthen - with the markets talking about a "turning point". On Wednesday, the dollar reached a six-week high against the European single currency, closing in on $1.53 - an improvement of more than 5 cents. And on the same day, the greenback climbed to a 10-week peak against the pound. But does the dollar remain in danger? Could "the rope slip" and the...