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It was a case of 'good news is bad news', U.S. yields and the dollar rose, and stocks tumbled. ... 160.00 yen level, and comes after Japanese finance minister Katsunobu Kato on Tuesday warned ...
Asian stocks were mixed Friday with the yen moved between gains and losses after the latest update on inflation bolstered Wall Street’s belief that relief on interest rates may come as soon as ...
Since 2010, this persistent selling pressure on the yen, combined with the corresponding bid on the US dollar, has made the dollar twice as valuable as the yen — a stupendously large move for a ...
The yen fell about 1.5% to a new one-year low of 151.32 after the BOJ eased its grip on long-term rates by further loosening its bond yield control policy (YCC) on what analysts viewed as a small ...
The yen rose more than 1% on Wednesday to its highest level since May, as investors unwound short-yen positions ahead of next week's Bank of Japan policy review when policymakers are expected to ...
Beginning in 2022 the yen/dollar rate has become increasingly weaker with each passing month. By July 2024, the price fell to upper ¥161 per $1, marking the lowest exchange rate for the yen in 37.5 years on a nominal effective exchange rate [80] and the lowest real effective exchange rate since the start of statistics by the Bank of Japan in 1970.
Since December 28, 2016, the Bank of Japan has recommended the TONA rate as the preferred Japanese yen risk-free reference rate. [5] [6] TONA rate is recommended as a replacement for Japanese yen LIBOR, which was phased out at the end of 2021, and Euroyen TIBOR, which will be terminated at the end of 2024. [3] [7] [8] [9]
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