The dollar hit a 24-year peak against the yen and reached new highs versus the Australian and New Zealand dollars on Wednesday after U.S. economic data reinforced the view on Fed policy tightening
The dollar climbed 1.07% on the yen to 142.1, a fresh 24-year high. The dollar is up 23% against the Japanese currency so far this year
Markets have priced in about a 40% chance the ECB will increase rates by 75 basis points next week, even as risks of a painful recession rise along with gas prices
The Japanese yen fell the most against a resurgent U.S. dollar on Friday, as a two-day rally in equities conceded to market expectations that the Fed will have to do a lot more to contain inflation.
The greenback was last 0.31% higher at 135.42 yen, and earlier rose to 135.585 yen, its highest since July 28, after surging 1.57% in the previous session, its biggest single-day gain since June 17
Asia stocks continued a decline from Wall Street, and US long-term Treasury yields sank to a four-month low, pulling dollar down against the yen
The dollar continued its decline, falling to its lowest in 2 months against the recovering Japanese yen and losing ground on other peers, as investors continued to position for a less aggressive pace.
LONDON (Reuters) - The U.S. dollar sank to its lowest in more than six weeks versus the Japanese yen on Monday as investors ramped up bets that aggressive Federal Reserve monetary policy would tip the economy into a recession.
LONDON/SYDNEY (Reuters) - World stocks hit seven-week highs on Monday, buoyed by recent strong corporate earnings and declining expectations for hefty interest rate rises, while the dollar slid against the yen as speculators exited suddenly unprofitable short positions.
The Japanese yen headed toward its best month in almost three years as growth worries have driven US yields sharply lower and squeezed speculators out of crowded short yen positions
The U.S. Federal Reserve had surprised no one by lifting rates 75 basis points (bps) to 2.25%-2.50% on Wednesday, but did alter its statement to cite some softening in recent data.
The dollar dropped to a three-week low versus the yen on Thursday after Federal Reserve Chair Jerome Powell assuaged investors' worries about continued aggressive monetary tightening
The Indian currency, he said, has appreciated against several global currencies like British Pound, Japanese Yen and Euro.
LONDON (Reuters) - Safe-haven demand briefly lifted the yen on Friday after former Japanese prime minister Shinzo Abe was shot while campaigning for a parliamentary election, while the dollar's continued strength kept the euro hovering just above parity.
The yen rose as much as 0.5% immediately after the news, before steadying around 135.60 per dollar
The dollar and Japanese yen both found support in a choppy Asia session on Monday, benefiting from a bid for safety as investors worried rising interest rates and softening economic data
Enthusiasm that had given Wall Street its best day in a month on Tuesday was suddenly gone as Europe suffered a 1.5% morning drop and Brent crude prices plunged 4%.
Typically, the value of imports, which are in yen, is 7-8 per cent of the company's annual revenue
While more reserves are now held in the renminbi, it is still less than one-fourth of the total shift away from the dollar, that too mostly by Russia
Dollar has reached a four-week high as compared to other currencies amid inflation concerns. Moreover, government selloffs were extended and stocks took a beating globally.