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Search resuls for: "Vidya Ranganathan Kevin Buckland"


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Banknotes of Japanese yen and U.S. dollar are seen in this illustration picture taken September 23, 2022. REUTERS/Florence LoSINGAPORE, Oct 24 (Reuters) - Suspected Bank of Japan (BOJ) intervention gave only brief respite to the Japanese yen as the dollar stayed strong on Monday, while sterling wavered as former finance minister Rishi Sunak emerged as frontrunner to become Britain's prime minister. That triggered a rally of more than 7 yen for the Japanese currency to 144.50 per dollar. Damien Boey, chief macro strategist at Sydney-based investment firm Barrenjoey, said the Japanese yen was still not close to fair value. Sterling also see-sawed on news former prime minister Boris Johnson had dropped out of running for British prime minister and was last up 0.2% at $1.1320, trimming earlier agains.
Banknotes of Japanese yen and U.S. dollar are seen in this illustration picture taken September 23, 2022. REUTERS/Florence LoSINGAPORE, Oct 24 (Reuters) - The Japanese yen made a thumping 4 yen jump for a second straight session on Monday on suspected early intervention by the Bank of Japan, but struggled to hold its gains against a robust U.S. dollar. "It's blindingly obvious that the BOJ is intervening," said Ray Attrill, head of FX strategy at National Australia Bank in Sydney. "While sub-optimal and unsustainable in the medium term, we think this policy mix could be in place for some time." The Australian dollar was down 0.4% versus the greenback at $0.6370, while the kiwi was up 0.16% on its U.S. peer at $0.576.
Banknotes of Japanese yen and U.S. dollar are seen in this illustration picture taken September 23, 2022. REUTERS/Florence LoSINGAPORE, Oct 24 (Reuters) - The Japanese yen made a thumping 4 yen jump for a second straight session on Monday on suspected early intervention by the Bank of Japan, but struggled to hold its gains against a robust U.S. dollar. "It's blindingly obvious that the BOJ is intervening," said Ray Attrill, head of FX strategy at National Australia Bank in Sydney. "While sub-optimal and unsustainable in the medium term, we think this policy mix could be in place for some time." The Australian dollar was down 0.4% versus the greenback at $0.6370, while the kiwi was up 0.16% on its U.S. peer at $0.576.
Total: 3