The Bank of Japan (BOJ) on Friday expanded its monetary base target, a move aimed at supporting an economy that's struggled since the nation-wide tax hike took effect in April.» Read More
The G7 intervened to weaken the Yen last Friday in an attempt to stabilize the Japanese currency’s dramatic rise since the catastrophic earthquake, tsunami, and nuclear disaster. Europe’s central banks, the Federal Reserve and the Bank of Canada followed the Bank of Japan’s Yen sales, pushing it down against the US dollar.
Risk-on investors are back in action, and the euro is riding high — it's time for your FX Fix.
In the wake of Japan’s cascading disasters, signs of economic loss can be found in many corners of the globe, from Sendai, on the battered Japanese coast, to Paris to Marion, Ark., reports the New York Times.
The yen is trading within range of its pre-crisis levels hours after G-7 countries intervened in the markets. Will it last?
In the wake of the crisis in Japan, the yen has strengthened dramatically, which is counterintuitive. Usually, when a country's economy is expected to weaken, so does its currency, but Japan is a unique case.
The yen is settling into a range after coordinated intervention by G-7 countries, but there's plenty of excitement elsewhere — it's time for your FX Fix.
The Group of Seven nations have agreed to a secret protocol to guide their coordinated intervention and won’t reveal it in order to keep currency markets guessing, according to people familiar with the matter.
As the market begins the process of second guessing the G7’s coordinated action to keep the yen lower, High Frequency Economics is warning investors the damage caused by the disaster in Japan is being both understated by the government and underappreciated outside of people in the immediate vicinity.
Ahead of the teleconference of G-7 finance ministers and central bankers on the yen, traders wait to see who will intervene in the markets.
Japan will get what it wants from the Group of Seven teleconference of finance ministers and central bankers Thursday night, but G-7 sources say the group is still waiting for Japan to ask.
While we await the outcome of the nuclear disaster in Japan, we could be witnessing a structural change in the global financial markets.
The emotional investor roller coaster is on hyperdrive as the nuclear situation in Japan remains unknown. With 2011 gains wiped out and now the Yen soaring the markets wait to see if the central banks will intervene.
Traders point to Japanese investors repatriating assets as a significant cause of the yen's dramatic rise. Really?
The yen rocketed to a postwar high against the dollar late Wednesday, and the market's showing little sign of calming today. It's time for your FX Fix.
Because of Japan’s many troubles, before and after recent events, the Asia nation could face recession again, Stephen Roach, Morgan Stanley’s non-executive chairman Asia, told CNBC Wednesday.
JPMorgan has greater Japanese holdings than any other US bank, according to a recent study by Bloomberg.
The exposures of various insurance companies to the economic devastation of the Tsunami may be dominating the financial discussions in the tragedy's wake – but Japanese banks may be at the most risk.
The market reactions to the tragic events in Japan over the last few days have been rational and investors will need convincing the nuclear crisis has been averted before any rally according to Bob Parker, a senior advisor to Credit Suisse in London.
The Bank of Japan needs to hold of market sentiment or risk the economy falling into a bigger-than-expected recession, according to Phillipe Gijsels of BNP Paribas Fortis Global Markets.
Following the huge losses on the Nikkei, with more than $700 billion dollars wiped off the Japanese market in just two sessions, one economist is predicting the tragic events in Japan will be an "excuse" 'to move to quantitative easing in all major markets.