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☆ Japanese yen tumbles, bonds rally after BOJ keeps policy ultra easy
▼ + stars: | 2023-01-18 | by ( Stella Qiu | ) www.reuters.com time to read: +5 min

The bank, however, maintained ultra-low interest rates, including its 0.5% cap for the 10-year bond yield. The dollar also gained 2.5% against the Japanese yen to 131.4 yen, in its biggest percentage daily rise since March 2020. In a Reuters poll, 97% of economists expected the BOJ to maintain its ultra-easy policy at the meeting. A survey of global fund managers by BofA Securities out on Tuesday showed that expectations of further appreciation in the Japanese yen in January were the highest in 16 years. The dollar index , which measures the safe-haven dollar against six peers, rose 0.4% at 102.84.

☆ Yen rises in cautious calm after BOJ policy tweak
▼ + stars: | 2022-12-22 | by ( Rae Wee | ) www.reuters.com time to read: +3 min

The greenback, which rose 0.6% against the yen in the previous session, had failed to meaningfully recoup its 3.8% slump following Tuesday's news. "The BOJ opened the door, obviously, for further unwinding of its super-loose policies," said Sean Callow, a senior currency strategist at Westpac. Against the euro , the yen steadied at 140.27, while trading at 159.73 per pound . Sterling rose 0.14% against the dollar to $1.2102, after having slid 0.85% overnight. "In a world where risk sentiment is still very fragile, currencies whose countries have a twin deficit are at risk compared to others."

☆ Yen soars to 4-month peak after surprise BOJ policy tweak
▼ + stars: | 2022-12-20 | by ( Kevin Buckland | ) www.reuters.com time to read: +3 min

The dollar tumbled as much as 2.78% to 133.11 yen , a level last seen on Aug. 16, before last trading 2.62% weaker at 133.345. It had been slightly stronger at about 137.40 yen ahead of the policy announcement. Eyes will now be trained on BOJ Governor Haruhiko Kuroda's media briefing later in the day for additional hints about a pivot away from ultra-easy policy. Most BOJ watchers had expected no changes until his 10-year term finishes at the end of March. "Unease over China's haphazard COVID policy changes also seems to be keeping a lid on AUD/USD," Callow added.

☆ Yen on defensive before BOJ; NZ dollar sinks
▼ + stars: | 2022-12-20 | by ( Kevin Buckland | ) www.reuters.com time to read: +3 min

[1/2] Banknotes of Japanese yen are seen in this illustration picture taken September 22, 2022. New Zealand's dollar dropped after a big decline in a survey of local business confidence. The Aussie, though, was little changed after shrugging off minutes from the Reserve Bank of Australia's last policy meeting. Ten-year Treasury yields held at a one-week high of 3.601% in Tokyo trading. Those minutes reinforced the "uncertain outlook" for policy, providing an additional weight on the Australian dollar, said Sean Callow, a strategist at Westpac.

☆ Dollar rebounds as Fed officials say hikes to continue; yen slumps
▼ + stars: | 2022-11-15 | by ( Kevin Buckland | ) www.reuters.com time to read: +3 min

The dollar index , which measures the currency against six counterparts including the yen, euro and sterling, edged 0.03% higher to 107.00 early in the Asian day. The index held onto gains made on Monday when it rebounded from a three-month low of 106.27 hit on Friday. The dollar gained 0.34% to 140.40 yen , adding to its 0.84% overnight rebound from a 2 1/2-month low of 138.46. The euro was little changed at $1.03215 following its retreat from a three-month high of $1.0364. The offshore Chinese yuan was little changed at 7.0461 per dollar, after hitting a more than five-week high of 7.0200 in the previous session.

☆ Dollar eases on improved risk sentiment before Fed; Aussie pares gains after RBA
▼ + stars: | 2022-11-01 | by ( Kevin Buckland | ) www.reuters.com time to read: +3 min

"Our general sense is that the dollar probably has peaked, but that doesn't necessarily mean it's coming down." The Aussie gained 0.3% to $0.6416, but was off earlier highs after the RBA opted for another 25-bp hike. The Fed is widely expected to raise its benchmark rate by 75 bps on Wednesday, its fourth such increase in a row. But for the December meeting, Fed funds futures are split on the odds of a 75- or 50-bps increase. read moreReporting by Kevin Buckland; Editing by Ana Nicolaci da CostaOur Standards: The Thomson Reuters Trust Principles.

☆ Dollar sags as bets build for less hawkish Fed
▼ + stars: | 2022-10-26 | by ( ) www.cnbc.com time to read: +4 min

The dollar wallowed near a three-week low versus major peers on Wednesday as more signs of economic weakness in the United States fanned speculation about a less hawkish Federal Reserve. The euro also remained near a six-week high, trading less than half a cent from parity with the greenback. The European Central Bank decided policy on Thursday and is widely expected to raise rates by 75 basis points. The dollar reached a 32-year top at 151.94 yen on Friday, but was then beaten back as far as 144.55 amid two bouts of suspected Bank of Japan intervention either side of the weekend. "A further pullback in the U.S. dollar seems to be the Aussie's best chance of sustaining pushes above $0.64.

☆ Dollar shrugs off suspected Japan intervention; pound eyes UK politics
▼ + stars: | 2022-10-24 | by ( Amanda Cooper | ) www.reuters.com time to read: +4 min

Banknotes of Japanese yen and U.S. dollar are seen in this illustration picture taken September 23, 2022. Yen overnight volatility surged to its highest since Sept. 21, the day before the BOJ stepped in to prop up the currency for the first time since 1998. Sterling see-sawed on news former prime minister Boris Johnson had dropped out of the Tory leadership contest, and was last up 0.1% at $1.1319, off an overnight high above $1.14. Johnson said he had withdrawn from Monday's contest to replace Liz Truss, who was forced to resign as prime minister after launching a fiscal plan that unleashed turmoil in UK markets. Former Chancellor Rishi Sunak has emerged as the clear frontrunner to become Britain's next prime minister.

British Pound Sterling and U.S. Dollar notes are seen in this June 22, 2017 illustration photo. The U.S. dollar held at a 32-year peak against the yen and rose from a two-week trough against a basket of major peers, underpinned by expectations of aggressive U.S. Federal Reserve interest rate hikes. “Sterling edged lower against its peers after yet another upside surprise in the latest UK inflation data... “Following the budget fiasco, there is also a great deal of uncertainty as to the pace of upcoming Bank of England interest rate hikes," he added. read moreElsewhere, the dollar pushed as high as 149.48 yen for the first time since August 1990 in early London trading.

☆ FOREX Dollar holds near 32-year peak vs yen despite intervention risks; sterling licks wounds
▼ + stars: | 2022-10-19 | by ( Kevin Buckland | ) www.reuters.com time to read: +5 min

The dollar pushed as high as 149.395 yen overnight for the first time since August 1990, before last trading at 149.305 in the Asian session. read moreThe dollar index - which measures the currency against six peers including the yen, sterling and euro - added 0.2% to 112.19, after dropping to the lowest since Oct. 6 at 111.76 overnight. Meanwhile, sterling was little changed at $1.1318, licking its wounds after a 0.34% decline in the previous session. Economists in a Reuters poll predict another 75 basis-point rate hike from the European Central Bank on Thursday of next week. The currency last traded 0.08% higher at $0.56905, close to the previous session's two-week high of $0.5719.

☆ Dollar firm near 32-peak vs yen despite intervention risks; sterling treads water
▼ + stars: | 2022-10-19 | by ( Kevin Buckland | ) www.reuters.com time to read: +4 min

The euro hovered close to a two-week high. read moreThe dollar, which currently reigns as the safe-haven currency of choice, has sagged this week amid the bear rally in equities globally following some upbeat earnings. read moreThe euro was about flat at $0.9857, hanging just under Tuesday's high of $0.98755, a level last seen on Oct. 6. read moreThe New Zealand dollar remained elevated following Tuesday's blowout consumer price data, which raises expectations for continued aggressive tightening by the Reserve Bank. The currency last traded 0.19% higher at $0.5695, close to the previous session's two-week high of $0.5719.

☆ Dollar holds near 32-peak versus yen despite intervention risks; sterling licks wounds
▼ + stars: | 2022-10-19 | by ( ) www.cnbc.com time to read: +4 min

The dollar pushed as high as 149.395 yen overnight for the first time since August 1990, before last trading at 149.305 in the Asian session. Meanwhile, sterling was little changed at $1.1318, licking its wounds after a 0.34% decline in the previous session. Economists in a Reuters poll predict another 75 basis-point rate hike from the European Central Bank on Thursday of next week. The New Zealand dollar remained elevated following Tuesday's blowout consumer price data, which raises expectations for continued aggressive tightening by the Reserve Bank. The currency last traded 0.08% higher at $0.56905, close to the previous session's two-week high of $0.5719.

☆ Dollar climbs as case for U.S. rate hikes firms
▼ + stars: | 2022-10-09 | by ( Tom Westbrook | ) www.reuters.com time to read: +3 min

U.S. unemployment unexpectedly fell last month, Friday figures showed, and inflation data due on Thursday is forecast to show headline inflation at a hot 8.1% year-on-year. Westpac strategist Sean Callow said the data and rising yields in response was a "robust combination for the dollar." Register now for FREE unlimited access to Reuters.com Register"It's further evidence that the U.S. economy is not cratering," he said. The U.S. dollar index was steady at 112.83, off lows around 110 last week and creeping back toward last month's 20-year high of 114.78. Chinese markets reopen after a week-long holiday, and ahead of that the offshore yuan was steady at 7.1310 per dollar.

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