Tag Archives: yen

Yen gives back recent gains vs USD

The yen gave back recent gains against the dollar as Asian equity markets moved higher on Tuesday, with Japanese stocks rebounding while the Nikkei 225 Index closed up 1.2 percent. The US dollar bounced off a two-week low against the yen, boosting exporters as USDJPY traded at 101.97. A weaker yen increases the value of overseas income at Japanese companies when repatriated, boosting the...

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May 28, 2013 @ 7:42 am

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Yen rebounds against dollar after Kuroda comments

The yen gains against the dollar in early Friday trading, reversing losses after the Bank of Japan governor Haruhiko Kuroda made remarks that the current stimulus by the central bank remains sufficient. USD/JPY hit 101.07 by late Asian trading hours before consolidation around 101.75, down 0.2 percent. The dollar is likely to remain steady without further big declines until the release of...

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May 24, 2013 @ 8:29 am

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Yen weakens versus dollar after Amari talks about exchange rate again

The yen resumed weakness against the dollar on Tuesday after Japan’s Economy Minister Akira Amari spoke again to reporters and downplayed comments he said on Monday which sent the Japanese currency tumbling over 1 percent against the dollar. Amari tried to change his remarks when he said the strength has “been corrected a lot” and further weakness may hurt “people’s lives” and it...

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May 21, 2013 @ 7:23 am

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Yen jumps after warnings of excessive decline by Japanese economy minister

The yen crawled back some losses against the dollar in early Monday trading following comments by Japan’s economy minister who warned that excessive decline of the Japanese currency is risky. He added that this pullback has almost been corrected. Minister Akira Amari indicated that further yen weakness could have a negative impact on Japan’s economy. USDJPY tumbled after his remarks...

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May 20, 2013 @ 8:08 am

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