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Tag - yen

 
 

YEN

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.
Japanese carmakers' profit and sales outlooks for the current fiscal year suggest they view the latest intervention to lift the yen as more of a brake on extreme moves rather than a fundamental shift in direction.
BUSINESS / Companies
Aug 7, 2026
Japan carmakers expect yen to keep trading near post-intervention levels
Carmakers¡¯ forecasts suggest they view the recent intervention as more of a brake on extreme moves rather than a fundamental shift in direction.
Apple raised the price of iPhone models in Japan by between ?8,000 to ?25,000 on July 18, with even the lowest-priced model, the iPhone 17e, now costing over ?100,000.
BUSINESS
Aug 6, 2026
Weak yen and industry shifts drive greater demand for used smartphone handsets
Âé¶¹´«Ã½ secondhand smartphone market has expanded for seven consecutive years, hitting record highs of 3.6 million units and a 10% market share in fiscal 2025.
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.
Former Prime Minister Fumio Kishida speaks during an interview in Tokyo on Wednesday.
BUSINESS / Economy
Aug 6, 2026
Kishida sees growth strategy as game changer for yen
Âé¶¹´«Ã½ 14-year strategy aims to generate an annual average of more than ?26 trillion in domestic investment.
The yen reached about ?164 to the dollar last week, its weakest value since 1986, before the U.S. and Japan stepped in to bolster it.
BUSINESS / Markets
Aug 6, 2026
Carry trade is powering on as investors sidestep yen¡¯s gains
The yen has traditionally been a go-to currency to fund carry wagers, given that interest rates in Japan were around zero for decades.
The Bank of Japan policy board voted seven to one to stop slowing the pace of JGB buying next April.
BUSINESS
Aug 5, 2026
BOJ board split over JGB buying at June meeting
According to the minutes, one board member argued that there was ¡°no reason at all to halt the reduction of the purchase amount¡± because the government bond market remained stable.
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.
Toyota has benefited from the enduring popularity in the U.S. of gas-electric hybrids as well as the weak yen.
BUSINESS / Companies
Aug 4, 2026
Toyota unveils ?1 trillion share buyback and raises profit outlook
Resilient hybrid demand and a weak yen have helped make up for rising costs, tariffs and supply disruptions.
Bank of Japan Gov. Kazuo Ueda addresses a news conference at the BOJ's headquarters in Tokyo on Friday. AFP-JIJI
COMMENTARY / Japan
Aug 4, 2026
The trans-Pacific yen team has a weak link in Ueda
The bank¡¯s statement on stabilizing underlying CPI inflation was seen as a hawkish shift, but its vague language did not provide the clear message that markets were looking for.
The clearest rationale for the United States to join Japan on Friday in purchasing yen comes from Treasury Secretary Scott Bessent¡¯s consistent signals of concern about Japanese reverberations into the $31 trillion Treasuries market.
BUSINESS / Economy
Aug 4, 2026
Bessent¡¯s yen rescue to boost U.S. pressure on Japan trade and rates
Analysts described a range of U.S. interests at stake in helping Japan pull the yen back from near four-decade lows against the dollar.
U.S. Treasury Secretary Scott Bessent has described a Federal Reserve facility as an important support for Âé¶¹´«Ã½ efforts to prop up the yen.
BUSINESS / Markets
Aug 4, 2026
Bessent seeks Fed help in defending yen in unusual call
Cooperation between the Federal Reserve and the Treasury to ensure financial stability isn¡¯t unusual, especially during periods of volatility.
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.
A notepad in front of U.S. Secretary of the Treasury Scott Bessent reads "To Do Buy Japanese Yen $5-10 bil" as he participates in a Cabinet meeting at Camp David, Maryland, on Friday.
BUSINESS / Markets
Aug 2, 2026
Japan to announce Tokyo and Washington took joint action on yen
Finance Minister Satsuki Katayama is expected to stress the two ?countries¡¯ determination to ?combat what they consider excessive yen declines.
A notepad in front of U.S. Secretary of the Treasury Scott Bessent reads "To Do Buy Japanese Yen $5-10 bil" as he participates in a cabinet meeting at Camp David, Maryland, on Friday.
BUSINESS
Aug 1, 2026
Bessent¡¯s ¡®to do¡¯ list: buy $5-10 billion worth of Japanese yen, photo shows
The notepad shows no other words, and Bessent¡¯s name card ?on the Camp David conference table is visible and positioned immediately above the notepad.
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.
Bank of Japan Gov. Kazuo Ueda (center) attends a monetary policy meeting with members of the policy board at the central bank's headquarters in Tokyo on Friday.
BUSINESS / Economy
Jul 31, 2026
Japan likely intervened to prop up yen, with possible help from U.S.
Analysts believe Japanese financial authorities moved to lift the yen on Thursday night after it suddenly spiked against the dollar.

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