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Japanese Yen Weakens to ¥160 Against US Dollar
BusinessNHK Worldjapan-times20d ago2 sources

Japanese Yen Weakens to ¥160 Against US Dollar

The Japanese Yen has depreciated to ¥160 against the US dollar, a level not seen since a major government intervention about a month ago, prompting speculation of further action to prop up the currency.

Yen Nears Intervention Zone Amid Middle East Risks
Worldchannel-news-asia27d ago

Yen Nears Intervention Zone Amid Middle East Risks

The Japanese Yen is hovering near an intervention zone as traders assess the outlook of the Iran war and broader Middle East risks. Market participants are closely monitoring geopolitical developments for their potential impact on the currency.

Japan Intervenes in Yen Market, Spends Billions to Boost Currency
FinanceReutersbloombergFT+11cnbcNHK Worldnikkei-asiaYahoohotnewsjapan-timesmainichi-englishchannel-news-asia+3 more1mo ago14 sources

Japan Intervenes in Yen Market, Spends Billions to Boost Currency

Japan's government and central bank intervened in the currency market, spending an estimated $34.5 billion to $35 billion to strengthen the yen, causing the currency to jump sharply against the dollar. Authorities have also warned they are ready to intervene again if needed.

Financenikkei-asia1mo ago

Japanese Yen Weakens, JGB Yields Surge to Decades High

The Japanese Yen has breached 160 against the US dollar, while Japanese Government Bond (JGB) yields have surged to their highest levels in nearly three decades, reflecting significant shifts in the country's financial markets.

Yen Tests New Lows as Nikkei 225 Hits New Highs
Businessjapan-times21h ago

Yen Tests New Lows as Nikkei 225 Hits New Highs

The Japanese Yen continues to test fresh lows against other currencies, while the Nikkei 225 stock index reaches new highs, with verbal intervention in the currency market being more tempered than in the past.

Naira and Yen Depreciate Against US Dollar
BusinessNHK Worldvanguard-ng4d ago2 sources

Naira and Yen Depreciate Against US Dollar

The Nigerian Naira depreciated against the US dollar in the parallel market, reaching N1,410/$. Concurrently, the Japanese Yen also weakened, temporarily falling to 161 yen per dollar.

Worldstraits-times1mo ago

Yen Jumps Amid Intervention Speculation

The Japanese Yen experienced a sudden and significant jump in value, prompting financial markets to be on high alert for potential currency intervention by authorities. This movement has fueled speculation about government action to stabilize the currency.

Yen breaks ¥160 to the dollar amid rising oil prices
Businessjapan-times1mo ago

Yen breaks ¥160 to the dollar amid rising oil prices

The Japanese yen has fallen to its weakest level since July 2024, trading at ¥160 to the dollar, a level that could prompt currency market intervention. This depreciation comes as Brent crude oil prices reach $120 a barrel.

Israel Takes Responsibility for Attacks on Iranian Nuclear Facilities, Arak Plant Hit
WorldAPBBCbloomberg+73NYTwsjFTle-mondewapoThe GuardianNPRAl Jazeera+65 more2mo ago76 sources

Israel Takes Responsibility for Attacks on Iranian Nuclear Facilities, Arak Plant Hit

Iranian nuclear facilities were attacked, with Israel claiming responsibility just hours after threatening to escalate military operations against Iran. Israeli forces confirmed bombing Iran's Arak heavy-water reactor, targeting key infrastructure for plutonium production, following earlier reports of US and Israeli strikes on facilities in Arak and Ardakan.

Euro Strengthens Against Dollar, Other Currencies
Financeiefimerida3mo ago

Euro Strengthens Against Dollar, Other Currencies

The euro has shown strength in the foreign exchange market, rising by 0.20% against the dollar to trade at 1.1659 dollars. It also recorded specific exchange rates against the Japanese yen, British pound, and Swiss franc.

Why China’s path to ‘financial superpower’ status could begin in Hong Kong
FinanceSCMP3mo ago

Why China’s path to ‘financial superpower’ status could begin in Hong Kong

When Wilson Chan Fung-cheung joined Hong Kong’s banking industry as a foreign-exchange trader more than four decades ago, his work involved US dollars, UK pounds, Japanese yen and various European and Asian currencies – but not Chinese yuan. “Back then, there was no yuan trading at all as, in fact, the internationalisation of the yuan only started in 2009,” recalled Chan, who has worked for various Chinese banks. Beijing’s decision that year to promote its currency for wider use in trade,...

WorldNHK World10h ago

Japanese Yen Nears 39.5-Year Low Against US Dollar

The Japanese Yen approached a 39.5-year low against the US dollar, reaching 161.90 yen per dollar in the New York foreign exchange market on the 22nd, driven by expectations of interest rate hikes by the US Federal Reserve.

Kazakhstan Secures $965.4 Million in Concessional Loans
Worldastana-times5d ago

Kazakhstan Secures $965.4 Million in Concessional Loans

Kazakhstan plans to attract 154.7 billion Japanese yen (US$965.4 million) in concessional loans from the International Bank for Reconstruction and Development (IBRD) and the Asian Infrastructure Investment Bank (AIIB) for its economic priorities.

Yen Short Bets Reach Nine-Year High Amid Carry Trade Revival
Businessbloombergjapan-times8d ago2 sources

Yen Short Bets Reach Nine-Year High Amid Carry Trade Revival

Leveraged funds have significantly increased their bearish positions on the Japanese yen, with short bets climbing to over 115,000 contracts. This marks the highest level since November 2017, driven by a revival in carry trade strategies.

Dollar Rally Pauses Amid Iran Deal Hopes
BusinessReuterschannel-news-asia1mo ago2 sources

Dollar Rally Pauses Amid Iran Deal Hopes

The U.S. dollar's rally paused due to growing optimism for a potential nuclear deal with Iran. This shift also influenced other currencies, with the Australian dollar sliding and the Japanese yen recovering slightly.

Morgan Stanley Japan Head Links BOJ Hike to Stronger Yen
Businessbloombergjapan-times1mo ago2 sources

Morgan Stanley Japan Head Links BOJ Hike to Stronger Yen

The head of Morgan Stanley Japan has stated that an interest rate hike by the Bank of Japan is essential for strengthening the Japanese yen. This perspective highlights the anticipated impact of monetary policy on currency valuation.

FinanceNHK World1mo ago

Japanese Yen Weakens to 159 Per Dollar Amid High Oil Prices

The Japanese Yen depreciated to 159 per US dollar in the Tokyo foreign exchange market, driven by sustained high crude oil futures prices due to uncertainty in Iran and concerns over Japan's trade balance. This marks the first time since April 30 that the yen has reached this level.

Japanese Yen Jumps on Suspected $34.5 Billion Intervention
BusinessReutersnzzYahoo+1express-tribune1mo ago4 sources

Japanese Yen Jumps on Suspected $34.5 Billion Intervention

The Japanese yen experienced a significant jump against the dollar, with data from Japan's central bank indicating a suspected massive intervention totaling $34.5 billion in the currency market. This move suggests efforts to stabilize the currency.

Japan Considers 'Decisive Measures' as Yen Weakens to 160 Per Dollar
FinanceReutersbloombergFT+6NHK Worldnikkei-asiaobservadorjapan-timeschannel-news-asiaseeking-alpha2mo ago9 sources

Japan Considers 'Decisive Measures' as Yen Weakens to 160 Per Dollar

The Japanese Yen temporarily weakened to 160 yen per dollar before recovering slightly, prompting Japan's chief currency diplomat to use the term 'decisive measures,' signaling potential intervention to curb further depreciation.

A Japanese toilet maker and seasoning giant are unlikely winners of the AI boom
BusinessBusiness Insider4mo ago

A Japanese toilet maker and seasoning giant are unlikely winners of the AI boom

AI demand is boosting unexpected Japanese companies — including a toilet maker and a seasoning giant. Smith Collection/Gado/Getty Images A toilet maker and seasoning giant are Japan's unlikely winners in the AI boom. Toto, famous for its bidets, has drawn investor attention because it makes key components for memory chips. Food giant Ajinimoto produces an insulating material used in advanced semiconductor packaging. The AI boom isn't just lifting chipmakers and Big Tech. In Japan, it's flushing gains into a toilet manufacturer and a seasoning giant. As demand for AI chips surges, investors are piling into companies that sit inside the semiconductor supply chain — even if they're better known for bathrooms and soup stock. Toilet maker Toto, famous for its high-tech bidets and heated seats, has drawn investor attention. The company makes electrostatic chucks, which are critical components used in the production of NAND memory chips. Memory prices have climbed sharply in recent months, driven by AI-related demand. Last week, UK-based activist fund Palliser Capital called Toto "the most undervalued and overlooked AI memory beneficiary," according to reports by Bloomberg and the Financial Times. After news broke on Tuesday that Palliser Capital had taken a stake and was pushing Toto to promote its chip-parts business, the toilet maker's stock jumped more than 5%. Its shares are up more than 54% over the past year. It's not just Toto. Japanese food giant Ajinomoto, better known for its umami seasonings and soup bases, has become an unlikely AI infrastructure play. The company produces an insulating material used in advanced semiconductor packaging. Ajinomoto's latest financials point to strength beyond its core food business. For the nine months ended December, the company reported an 8.9% rise in net profit, while operating profit increased 5.6% year-on-year. The gains were partly driven by its "Healthcare and Others" segment which includes electronic materials used in semiconductors, the company said in a February earnings statement. After Ajinomoto posted its earnings on February 5, the company's stock rose 13%. Its shares are up more than 56% over the past year. Not all non-tech companies are benefiting equally from the AI boom. Daikin, best known globally for its air conditioners, supplies high-purity chemical materials used in semiconductor manufacturing. It recently trimmed its outlook, citing uncertainty over US tariffs as a drag on demand. The Japanese air conditioning maker reduced its operating profit forecast by about 5% to 413 billion Japanese yen, or $2.6 billion, for the fiscal year ending in March. "Operating profit was significantly affected by the decline in semiconductor demand, decreasing by 44.6% year over year to ¥18,102 million," the company said in its financial report in February. "Net sales of fluoropolymers fell year over year, despite focused Group efforts to capture strong new demand in the data center field, and was due to the stagnation in the construction markets of the United States and China and the significant overall impact of delays in the recovery of semiconductor demand," it added. The company said it plans to cushion the blow through price increases and cost reductions. Daikin's stock dropped as much as 8.4% in Tokyo following its financial results. Read the original article on Business Insider