Japanese Yen
US bond yields hit 19-year high as yen slides to 158 range
US benchmark borrowing costs reached 19-year highs as 10-year Treasury yields touched 5.12%, triggering global market sell-offs and driving the Japanese yen into the 158 range.
Yen expected to slide ahead of Bank of Japan policy meeting
Foreign exchange strategists are anticipating further downward pressure on the Japanese yen as financial markets brace for a pivotal Bank of Japan decision.
Bank of Japan raises interest rates to 31-year high of 1.25% as inflation rises
The Bank of Japan raised its benchmark interest rate to 1.25% in a 7-2 vote, reaching its highest level since 1995 as policymakers address global inflation.
Speculators turn bullish on yen for first time since February on BOJ rate-hike bets
Speculators have turned net long on the Japanese yen for the first time since February amid surging expectations of Bank of Japan interest rate hikes.
Scott Bessent dares traders to bet against him on the yen
Treasury Secretary Scott Bessent has challenged currency traders to bet against him, asserting he holds asymmetric information on Bank of Japan policy.
US, Japan took joint action to shore up yen: Reports
Washington and Tokyo have taken rare joint action to support the Japanese yen following its steep slide to decades-long lows, according to recent reports.
US Treasury Warns Banks of Potential Yen Intervention Threatening Crypto Markets
The US Treasury has alerted financial institutions to a potential intervention in the yen market, marking a departure from standard monetary policy.
Global stocks rise as energy surge offsets yen hitting 40-year low
Global markets show resilience as an energy sector rally offsets the Japanese yen's decline to its weakest level since 1986. Investors are now closely watching upcoming tech earnings and central bank policy for signals on inflation.