*Yen near 15- month high despite Japan's verbal intervention. LONDON, Feb 12- Relative calm returned to world markets on Friday after a hurricane-force week that gave dollar/yen its biggest smashing since 2008, wiped billions off share prices and saw a stampede into top-rated government bonds and gold. Japan's Nikkei fell 5.4 percent, having been shut during...» Read More
The billions of dollars in yen sold by the world’s most powerful central banks have sent a strong message to speculative investors. Those daring to bet that the Japanese currency will again test 76.25 yen, the record high against the dollar it hit last week before the G7’s intervention, better have deep pockets. The Financial Times reports.
There is no shortage of challenges facing the world today and many investors are frozen waiting for clarity in these times of uncertainty. The problem is, in all likelihood, the world will not settle down any time soon and we will surely continue to see geopolitical shifts and unrest plaguing the investment world. So what are investors to do?
The crisis in Japan following the devastating earthquake and tsunami that killed thousands of people will not have an effect on the European Central Bank's interest rate policy, Manfred Schepers, vice-president finance and chief financial officer for the European Bank for Reconstruction and Development, told CNBC.
Heavy-machinery company Deere still sees itself doubling in size over the next eight years, due in large part to construction and agriculture in Asia, the corporation’s CEO, Samuel Allen, told CNBC Tuesday.
That sound of pounding hooves you’ve been hearing is of investors entering Japan, not leaving the disaster-ravaged country, which has become an unlikely darling for fund money.
Crises like those in Japan and the Middle East shouldn't be any threat to the dollar, this analyst says.
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.
Fears that the world economy is facing another downturn are being overplayed, despite the political upheaval caused by recent unrest in the Middle East and the earthquake and subsequent tsunami in Japan, Jim O'Neill, chairman of Goldman Sachs Asset Management, said.
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.
Looking at the pure economic ties between Japan and the UK for instance, it's hard to justify why UK stocks should fall so heavily.
The G-7's intervention has halted the yen's rise, but what happens next isn't clear. Here's how to trade.
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.
There is no way to underscore the depth of the tragedy we see playing out before us as the potential of a nuclear nightmare of unprecedented proportions unfolds before our eyes. And while it pales in comparison to the human toll, the Japanese economy is also surely facing a period of great challenge.
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 G7 gang is moving in and markets are reacting.
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.
The G7’s agreement on joint action to push the yen lower has, so far, had the desired effect, reversing much of this week’s gain for the yen and boosting equities in Tokyo.
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.