Category Archives: Forex Archives

Tanigaki says G7 may discuss yuan, forex

TOKYO, Sept 16 – Japanese Finance Minister Sadakazu Tanigaki said on Friday that foreign exchange issues including China’s yuan may be discussed at a meeting of the Group of Seven next week. Tanigaki said it may take a while for China to become familiar with its new currency regime, but he hoped it would do [...]

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Yen slips on Nikkei, dollar soft after U.S. data

TOKYO, Aug 25 – The yen dipped slightly on Thursday on a fall in Japanese share prices, while surprise weakness in U.S. durable goods orders data previous day kept the dollar on the defensive against other currencies.Strong demand for yen to buy Japanese shares has been a key support for the currency in the past [...]

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Yen weakens on uncertainty over PM Koizumi’s fate

TOKYO, Aug 8  – The yen weakened broadly on Monday as Japan’s parliament appeared increasingly likely to vote down postal reform bills that could prompt Prime Minister Junichiro Koizumi to call a snap election. Over the weekend more upper house members of the ruling Liberal Democratic Party said they would vote against the bills, tipping [...]

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Yen falls on worries about Japan reform bills

TOKYO, Aug 5  – The yen hit a three-month low against the euro and fell versus the dollar on Friday as more Japanese lawmakers were seen opposing reform bills whose rejection could lead to a snap election.Hirofumi Nakasone, an upper house member of the ruling Liberal Democratic Party who had been seen among swing voters, [...]

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FOREX-Yen pares gains after jumping on yuan revaluation

TOKYO, July 22  – The yen fell sharply on Friday, giving back almost half of its hefty gains scored a day earlier when China ditched the yuan’s peg to the dollar, as the initial excitement over Beijing’s long-awaited currency shift subsided.A day after the yen posted its biggest one-day jump against the dollar in more [...]

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