Forex News

The Japanese yen's depreciation accelerated today, edging closer to its highest level in 33 years, amid signals from Federal Reserve Chair Jerome Powell that interest rate hikes could continue in the face of persistent inflation concerns. The yen traded at 151.44 to the dollar, a marginal increase of 0.06% from the previous session. On Thursday, Powell reiterated a hawkish stance on interest rates, challenging market expectations that had anticipated rate cuts in 2024. His comments underscored doubts about reaching the Fed's 2% inflation target with the current policy framework, prompting a shift in market predictions for a potential mid-2024 rate cut from June to July. This stance has contributed to the yen's worst performance since...

Investing.com-- Most Asian currencies fell on Tuesday as a warning from Federal Reserve officials and signs of more economic headwinds for China dented sentiment, while the Australian dollar tumbled after the Reserve Bank struck a seemingly dovish tone. The U.S. dollar rebounded from six-week lows, firming in Asian trade after Minneapolis Fed President Neel Kashkari cautioned against too much enthusiasm over an end to the Fed’s rate hike cycle. His comments somewhat dented optimism over a potential end to the Fed’s tightening cycle this year, and saw traders step back from a strong rally in risk-driven assets over the past four sessions. This saw Asian currencies reverse a bulk of their recent gains, with the Japanese yen once again...

Dollar strength anticipated to continue despite potential headwinds Despite the usual end-of-year softening, the strength of the dollar, bolstered by US macro outperformance and a hawkish stance from the Federal Reserve, is predicted to continue. The dollar has remained unaffected by a sell-off in Treasuries and increases in long-end curve rates. High US rates and an unorganized rise in US yields are viewed as factors that could further reinforce the dollar. Factors that might lead to a weaker dollar include softer US macro data, a slowdown in the US economy, or a recession in the eurozone. However, these potential weaknesses are not expected to result from re-ratings of Chinese or European growth prospects. High US rates could...

Investing.com-- Most Asian currencies strengthened on Thursday, while the dollar fell sharply after mixed signals from the Federal Reserve ramped up bets that the central bank will not raise interest rates further. The Australian dollar was among the best performers for the day, surging 0.7% and blazing past weaker-than-expected trade data. Markets were growing increasingly confident that the Reserve Bank of Australia will raise interest rates when it meets next week, bringing them closer to U.S. levels and making the Aussie appear more attractive. The Japanese yen jumped 0.5%, recovering sharply from a one-year low as government officials continued to threaten intervention in currency markets. But the yen was still above the 150...

The Japanese yen, the world's third most-traded currency, is underperforming, facing similar challenges as the Turkish lira and Argentinian peso over the past decade, according to George Saravelos of Deutsche Bank AG (NYSE: DB). Key factors such as weak yields and external accounts are pushing down the yen's value. This year, the yen's losses against the dollar stood at 15%, while the lira and peso have dropped by 51% and 97%, respectively. Saravelos pointed out that record low real yields due to the Bank of Japan's (BOJ) unique yield curve control and reluctance to raise interest rates have led to a slow-motion capital flight from domestic investors into foreign assets. This is due to the unattractiveness of Japanese government bonds...

FILE PHOTO: Illustration shows Japanese Yen and U.S. dollar banknotes SINGAPORE (Reuters) - The yen hovered near a two-week high on Tuesday, boosted by a report that the Bank of Japan (BOJ) could further tweak a key bond yield policy tool when it announces its monetary decision later in the day. The dollar looked set to end the month largely unchanged against a basket of currencies, having lost some steam after a roughly 2.5% gain in September. Yet, the greenback is being underpinned by risks of another rate hike from the Federal Reserve, analysts say, noting a still-resilient U.S. economy. The Japanese yen was last at 149.13 per dollar, after jumping to a two-week high of 148.81 in the previous session following a Nikkei report that...

Dolar kini hampir mencecah paras 150 yen yang dinanti-nantikan, didorong oleh lonjakan dalam hasil Perbendaharaan 10 tahun A.S. yang secara ringkasnya mencecah 5% untuk masa pertama 2007. Hasil penanda aras 10 tahun meningkat kira-kira 35 mata asas minggu ini, didorong oleh jangkaan Rizab Persekutuan mengekalkan kadar faedah yang lebih tinggi dan kebimbangan yang semakin meningkat terhadap isu fiskal AS. Menurut Brian Jacobsen, Pengarah Ekonomi di Annex Wealth Management, kenaikan hasil boleh dikaitkan dengan pengunduran Fed sebagai pembeli yang tidak sensitif harga, permintaan asing yang semakin berkurangan, dan terbitan defisit yang lebih besar daripada jangkaan, yang membawa impak kepada penawaran dan permintaan dalam pasaran...

Kebanyakan saham Asia terus bergelut di sebalik konflik Israel-Hamas menimbulkan kebimbangan. Namun ekonomi China terus berkembang. Saham Asia sebahagian besarnya tidak berubah pada hari Rabu disebabkan oleh kebimbangan yang semakin meningkat tentang konflik Israel-Hamas yang merebak dan membayangi berita positif pertumbuhan ekonomi China. Pengeboman sebuah hospital di Gaza, mengakibatkan kematian ramai rakyat Palestin, menimbulkan kebimbangan peningkatan lebih lanjut antara Israel dan Hamas. Akibatnya, sidang kemuncak yang dijangkakan antara pemimpin Mesir dan Palestin serta Presiden A.S. Joe Biden dibatalkan. Ini meningkatkan kebimbangan bahawa konflik boleh merebak ke rantau Timur Tengah yang lebih luas, membebankan saham Asia...