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Currency markets

Yen plunges but currency experts not rethinking Japan’s rate policy

by Joseph Addison
Yen plunges but currency experts not rethinking Japan’s rate policy

Japanese 10,000 yen banknotes arranged in Tokyo, Japan, on Saturday, Oct. 7, 2023. Shoko Takayasu, Bloomberg | Bloomberg | Getty Images Despite dovish comments from Japanese Prime Minister Shigeru Ishiba …

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Chinese yuan hits strongest level against the dollar in 16 months

by Joseph Addison
Chinese yuan hits strongest level against the dollar in 16 months

The Chinese yuan has weakened sharply against the U.S. dollar in the last several weeks as the greenback strengthens and investors worry about China’s economic growth. Fotoholica Press | Lightrocket …

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How Federal Reserve interest rate cuts affect the global economy

by Joseph Addison
How Federal Reserve interest rate cuts affect the global economy

The Federal Reserve’s interest rate decisions can influence the trajectory of the U.S. economy. “The U.S. economy’s stature is one of the key drivers of the importance of the Fed,” …

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Japan’s yen has seen wild swings this year — is it still a safe-haven asset?

by Joseph Addison
Japan’s yen has seen wild swings this year — is it still a safe-haven asset?

Japanese 1,000 yen, 5,000 yen and 10,000 yen banknotes arranged in Kyoto, Japan, on Thursday, Nov. 2, 2023. The contradictions in Japan’s efforts to protect the yen while slowing the …

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Strategist expects dollar to drift much lower against the yen

by Joseph Addison
Strategist expects dollar to drift much lower against the yen

A pedestrian walks past a display board showing the currency exchange rate between the US dollar and the Japanese yen, along a street in Tokyo on August 5, 2024. Richard …

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Bank of Japan will take longer to hike rates, says BMI

by Joseph Addison
Bank of Japan will take longer to hike rates, says BMI

An editorial montage of the Japan flag and Japanese yen cash bank notes. Javier Ghersi | Moment | Getty Images The Bank of Japan will adopt a more cautious approach …

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Why strategists believe a major unwind is far from over

by Joseph Addison
Why strategists believe a major unwind is far from over

A man walks in front of an electronic quotation boards displaying the share price on the Tokyo Stock Exchange (L) and the foreign exchange rate for the Japanese yen against …

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Auctions of King Charles bank notes raise $1.2 billion for charity

by Joseph Addison
Auctions of King Charles bank notes raise .2 billion for charity

A person holds some of the newly released banknotes, featuring the King’s portrait, outside the Bank of England, London. Lucy North – Pa Images | Pa Images | Getty Images …

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China’s exporters enjoyed the benefits of a weak yuan. Now that’s changing and cutting into profits

by Joseph Addison
China’s exporters enjoyed the benefits of a weak yuan. Now that’s changing and cutting into profits

A bank employee count China’s renminbi (RMB) or yuan notes next to U.S. dollar notes at a Kasikornbank in Bangkok, Thailand, January 26, 2023. Athit Perawongmetha | Reuters BEIJING — …

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Economists fear Fed rate cuts could be a problem

by Joseph Addison
Economists fear Fed rate cuts could be a problem

Pedestrians walk past a currency exchange shop in central Tokyo on April 17, 2024. Richard A. Brooks | Afp | Getty Images Rapid interest rate cuts from the Federal Reserve …

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