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Tag - dollar

 
 

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U.S. Treasury Secretary Scott Bessent speaks to members of the media at the White House in Washington on July 30.
BUSINESS
Aug 11, 2026
U.S. Treasury chief¡¯s ¡®whatever it takes¡¯ vow to help yen masks limited firepower
Âé¶¹´«Ã½ currency slid as much as 1% Monday to past ?159 per dollar, wiping out half the rally triggered by the July 31 U.S.-Japan intervention.
The yen saw the worst performance among Group-of-10 peers on Monday as it weakened to the ?159 level against the dollar.
BUSINESS
Aug 11, 2026
Yen erases half of intervention gains as traders test Japan and U.S. authorities
The Japanese currency weakened by 1%, ending the session at ?159.29 per dollar, marking the worst performance among Group-of-10 peers on Monday.
U.S. and Japanese officials have warned investors they¡¯re determined to keep defending the yen if needed.
BUSINESS / Economy
Aug 8, 2026
Yen jumps on U.S. data as traders watch for intervention clues
The currency gained 0.4% on the day to trade at ?157.76 per dollar as of 5 p.m. in New York.
U.S. Treasury Secretary Scott Bessent said he expects policy follow-up after the coordinated intervention to support the yen.
BUSINESS / Markets
Aug 7, 2026
U.S. support for yen increases expectations for September rate rise in Japan
Before the coordinated intervention, most analysts were looking to December for the next move higher.
The Bank of America expects the yen to strengthen about 6% against the dollar by year-end following coordinated currency intervention by the U.S. and Japanese governments.
BUSINESS / Economy
Aug 6, 2026
Bank of America sees yen jumping 6% by end of 2026
Analysts at the bank see the Japanese currency advancing to ?149 per dollar on joint action between Tokyo and Washington, and the prospect of a rate hike in coming months.
Prime Minister Sanae Takaichi meets with U.S. Treasury Secretary Scott Bessent in Tokyo on May 12.
COMMENTARY / Japan
Aug 5, 2026
How safe is the yen under the U.S. umbrella?
Having Washington on board brings important potential benefits ¡ª and no small amount of danger.
U.S. Treasury Secretary Scott Bessent has taken an active interest in Âé¶¹´«Ã½ economic affairs.
BUSINESS / Economy / FOCUS
Aug 5, 2026
Scott Bessent draws on hedge fund instincts to help rescue yen
Most recent Treasury Secretary predecessors came from what is known as the sell-side of finance, but Scott Bessent, with a decades-long hedge fund career, is different.
Finance Minister Satsuki Katayama speaks to members of the media in Tokyo on Monday about a joint intervention into currency markets that Japan conducted with the U.S.
BUSINESS / Markets
Aug 3, 2026
Japan and U.S. confirm joint yen intervention
Both Tokyo and Washington say they stand ready to intervene again to counter the yen¡¯s excessive weakness against the dollar.
The U.S. Treasury intervened to support the yen through outright purchases, joining ?Japan in its efforts ?to boost ?the currency from near 40-year ?lows.
BUSINESS / Economy
Aug 1, 2026
Bessent and the Fed help Japan reverse months of yen losses
The degree of coordination between the two sides appears to be the tightest in decades, raising the stakes for traders betting against the yen.
The Bank of Japan building in Tokyo
BUSINESS / Economy
Jul 28, 2026
Market to look out for hints of next rate hike from BOJ
The central bank is widely expected to keep interest rates steady at its policy meeting this week, having just made a move in June.
A display shows currency rates in Tokyo's Shinjuku district on Friday. The yen hit a fresh four-decade low against the dollar on Thursday night.
BUSINESS / Markets
Jul 24, 2026
Despite weakening yen, intervention may have to wait for right timing, analysts say
Âé¶¹´«Ã½ government is probably seeking effective timing ¡ª a moment when yen-buying pressure increases ¡ª to amplify its effect, some say.
Electronic boards display the foreign exchange rate of the yen against the U.S. dollar at a brokerage in Tokyo on Tuesday.
EDITORIALS
Jul 3, 2026
Little hope for a declining yen amid structural pressures
Ultimately, the value of the yen reflects faith in the Japanese economy¡¯s long-term prospects.
Atsushi Mimura, Japan's vice finance minister for international affairs, during an interview in Tokyo on Wednesday
BUSINESS
Jul 1, 2026
Âé¶¹´«Ã½ forex chief flags contact with U.S. and intervention impact
Mimura¡¯s remarks indicate that he continues to see intervention as a useful tool to stem excessive moves in the currency market.
Electronic boards display the foreign exchange rate of the Japanese yen against the U.S. dollar at a foreign exchange brokerage in Tokyo on Tuesday.
BUSINESS / Markets
Jul 1, 2026
Yen¡¯s slide puts market on lookout for Âé¶¹´«Ã½ next red line
Strategists have increasingly pointed to ?163 and beyond as the next levels to watch.
The yen has been trading well within intervention territory for about a week.
BUSINESS / Markets
Jun 26, 2026
Yen¡¯s decline makes perfect sense to some analysts
They have started to wonder whether there is really much at all holding the currency up.
New U.S. Federal Reserve Chairman Kevin Warsh holds a news conference after a Federal Open Market Committee meeting in Washington on June 17.
COMMENTARY / World
Jun 25, 2026
Warsh Fed era heralds a new trial for Asian currencies
The Warsh era has arrived. In his first news conference, the chair described it as a new chapter for the Fed. Asia needs to read in quickly.
The European Union will move one step closer on Tuesday to creating a digital euro when EU lawmakers hold a long-awaited vote on the virtual currency.
BUSINESS / Markets
Jun 23, 2026
EU looks to digital euro to cut reliance on U.S. payment technology
European officials often point to Washington¡¯s 2025 sanctions against International Criminal Court judges to illustrate the grip of U.S. firms.
Sony is preparing its first U.S. investment-grade bond sale in nearly 30 years, according to a source familiar with the matter.
BUSINESS / Companies
Jun 23, 2026
Sony plans its first dollar-bond sale in nearly three decades
Selling dollar-denominated debt is more attractive to Japanese companies since BOJ policy tightening has put its benchmark interest rate at the highest level since 1995.
What is known as the yen carry trade, which involves borrowing in the relatively low-yielding Japanese currency and investing in other currencies offering higher returns, is thriving again.
BUSINESS / Markets
Jun 15, 2026
Yen short bets jump to nine-year high as carry trade revives
Leveraged funds increased their bearish positions on the yen to over 115,000 contracts in the week through June 9, the highest level since November 2017, data has shown.
Yen and U.S. dollar banknotes are seen in this illustration taken March 19, 2025. REUTERS/Dado Ruvic/Illustration
BUSINESS
Jun 6, 2026
Yen falls to pre-intervention levels after solid U.S. jobs data
As of 5 p.m. Friday, the greenback stood at ?160.28 to 160.38, up ?0.31 from the previous day.

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Disaster relief workers Taichi Kato (left) and Seiji Yoshimura enter the collapsed living quarters at Kyuganji temple in Yatsushiro, Kumamoto Prefecture.
What Kumamoto revealed about Âé¶¹´«Ã½ earthquake readiness

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