The dollar rallied to trade at a fresh 4 1/2-year high against the yen after Fed Chairman Ben Bernanke warned that holding interest rates too low for too long has its risks.» Read More
Lew also underlined the importance of stronger demand in Europe for the world economy, keeping up Washington's coded pressure on Germany to loosen policies to provide more support to weaker euro zone members in the bloc's south. Washington, however, has made clear it welcomes the measures in Japan to end many years of stagnation.
The falling yen coupled with a fall-off in Chinese investment inflows "increasingly resembles" the run-up to the 1997 currency crisis, said Albert Edwards, Societe Generale's ultra-bearish strategist.
The yen tumbled against the dollar and euro Tuesday, reversing the previous session's sharp gains as investor anxiety triggered by a record plunge in gold prices eased.
The yen rose from recent multi-year lows against the dollar and euro on Monday amid renewed worries about the global economy.
*Washington says watching to ensure Tokyo not targeting yen level. WASHINGTON, April 12- The Obama administration on Friday put Japan on notice that it was watching its economic policies to ensure they were not aimed at devaluing the yen to gain a competitive advantage.
Treasury said in a congressionally mandated semi-annual report that China did not meet the legal requirements to be deemed a currency manipulator.
The dollar declined from a four-year peak against the yen Friday after a fall in U.S. retail sales reinforced expectations the Fed will keep its monetary policy loose.
WASHINGTON, April 12- The Obama administration said on Friday that China's currency remained "significantly undervalued," but again stopped short of labeling the world's second-biggest economy a currency manipulator. Although Beijing controls the pace at which the yuan can rise, the U.S.
The dollar rose to another four-year high against the yen on Thursday, closing in on the key 100 yen level.
The rush to build a more reliable exchange for bitcoin is under way after a price crash disgruntled customers who directed their anger against the currency's major exchange.
*China credit grows, supports economic recovery. LONDON, April 11- World shares extended their rally into a fourth day on Thursday supported by Japan's aggressive monetary easing and signs of a growing recovery in China, while the dollar held near a four-year high against the yen.
*China credit grows, supports economic recovery. LONDON, April 11- World shares extended a four-day rally on Thursday while the dollar hovered near a four-year high against the yen, supported by Japan's aggressive monetary easing and signs of a strengthening recovery in China.
*China credit grows, supports economic recovery. LONDON, April 11- The dollar hovered near a four-year high against the yen and a rally in world shares slowed on Thursday though markets remain buoyed by Japan's aggressive monetary easing and signs of a recovery in China.
*Gold struggles to rise, staying near $1,550 an ounce. TOKYO, April 11- Wall Street's record closing overnight and optimism about the Chinese economy underpinned Asian shares on Thursday while the yen marked time before testing fresh lows against major currencies as the Bank of Japan's bold stimulus moves continue to kick in.
The dollar rose to a four-year high against the yen on Wednesday, edging closer to the key 100-yen mark after release of the U.S. Federal Reserve's March meeting minutes.
Demand for 500 euro bills as a store of value has started to decline, according to a currency strategist, who told CNBC that the note is used extensively for criminal activity and should be abolished.
The dollar edged down from a near four-year high against the yen on Tuesday as traders booked profits on its sharp rally, but the yen's weakening trend remained intact.
SHANGHAI, April 9- China's yuan was little changed on Tuesday after the central bank set its daily midpoint virtually flat, strengthening expectations that authorities will not guide the currency sharply weaker in response to monetary easing by Japan.
The yen plummeted to its lowest against the dollar in nearly four years and reached a three-year trough versus the euro on Monday after the Bank of Japan kicked off its aggressive monetary easing program in an attempt to beat persistent deflation.
*Top global copper conference CESCO begins in Chile. LONDON, April 8- Copper rose on Monday, rebounding from falls the previous week, as the euro gained ground against the dollar and a strike in Chile raised concerns over temporary supply constraints. Top copper miner Chile provides almost a third of the world's supply for the red metal. "