For just the second time in the past decade, three major foreign-exchange trading strategies are all producing positive returns. The carry trade, in which investors borrow in Group of 10 currencies with low interest rates and use the proceeds to buy assets with higher yields, is on pace for its biggest annual gain since 2012, according to Deutsche Bank AG index data. 721 more words
Tags » Japanese Yen
Should Federal Reserve chair Janet Yellen deliver a surprise in her keenly-awaited Jackson Hole speech tomorrow Friday, one of the first places investors will react will likely be the currency market. 222 more words
The Japanese yen strengthened by 0.5% against the US dollar to 101.35 yen to the dollar.
The strengthening of the yen weaken the profits of Japanese companies, and as a result there was decreased 492.2 billion yen (4.85 billion dollars) intervals of seven of large manufacturers in Japan in the second quarter
Toyota Motor cut its full-year forecast for operating profit, expecting it to fall 44% from a year ago as the Japanese automaker expects to take a bigger hit from a stronger yen. 209 more words
Was today risk on or risk off? The U.S. dollar continued its recent weakness as the world’s major currencies all rallied against the “safe haven” greenback. 432 more words
The Japanese yen has rallied by more than 2 percent against the US dollar, after the Bank of Japan decided to keep interest rates unchanged after its policy meeting. 307 more words