Correction in yen was overdue and may be ‘healthy’: former ECB head
The recent rapid strengthening of the Japanese yen can be seen as an overdue and healthy correction — and it’s not time to panic about the wider market impact, the …
Currency markets
A major unwinding is underway amid a stock sell-off
A pedestrian walks past a display board showing the morning numbers on the Tokyo Stock Exchange along a street in Tokyo on August 5, 2024. Richard A. Brooks | Afp …
How Japan’s yen could be ripping through U.S. stocks
A man walks past an electronic quotation board displaying the exchange rate for the Japanese yen against the US dollar in Tokyo on August 2, 2024 Kazuhiro Nogi | Afp …
Japan confirms $36.8 billion yen intervention as BOJ hikes rates
New Japanese 1000 Yen banknote on display inside the Currency Museum of the Bank of Japan’s Institute for Monetary and Economic Studies. The new banknotes will start circulate from July …
Banks get bullish on the British pound
LONDON — With sterling as one of the best performing major currencies so far this year, analysts at various investment banks believe that the British pound still has more room …
Crypto firm Ledger hikes price of Stax crypto wallet, launches Flex
The Ledger Flex is a new, cheaper hardware crypto wallet from French startup Ledger. It sports an E-ink display and can be used to secure a range of crypto assets. …
Gold futures hit record above $2,460 on hopes Fed will soon cut rates
An employee handles one kilogram gold bullions at the YLG Bullion International Co. headquarters in Bangkok, Thailand, on Friday, Dec. 22, 2023. Chalinee Thirasupa | Bloomberg | Getty Images Gold …
Japan’s yen surges after U.S. data as traders monitor intervention
People stand outside a money changer looking at the rates of the Japanese yen against foreign currencies, along a street in central Tokyo on April 29, 2024. Richard A. Brooks …
Why the Fed cutting interest rates may weaken the U.S. dollar
SeongJoon Cho/Bloomberg via Getty Images The U.S. Federal Reserve may start cutting interest rates before year’s end. That could make future trips abroad more expensive for the nation’s travelers. That’s …
Yen crosses 160, heightening intervention expectations
Sheets of newly-designed Japanese 10,000 yen banknotes move through a machine at the National Printing Bureau Tokyo plant in Tokyo, Japan, on Wednesday, June 19, 2024. Persistent weakness in the …