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TOKYO -- The yen surged against the dollar overnight after the release of softer-than-expected U.S. inflation data, sparking speculation the Japanese government and the Bank of Japan intervened to prop up the weak yen.
During the Sunday mass, the head chaplain of the Philippine Coast Guard, Lowie Palines, urged the congregation to pray for “our seas given to us by God”.
LONDON (Reuters) -- The Japanese yen jumped by the most since late 2022 on Thursday, in a move traders said was most likely the result of dollar selling after a weak reading of U.S. consumer inflation, rather than official intervention from Tokyo authorities.
Tesla shares fell about 6% on Thursday after Bloomberg reported that the electric vehicle maker is delaying the unveiling of its Robotaxi by two months.
NEW YORK/LONDON (Reuters) -- The yen hit an almost four-week high against the U.S. dollar on Friday, raising speculation that Japanese authorities may have intervened for a second day to prop up the currency.
(Reuters) -- The dollar dropped on Thursday after data showed headline consumer prices unexpectedly fell in June, while a sharp gain in the Japanese yen sparked speculation of a possible intervention in the currency.
TOKYO -- Money market data released by the Bank of Japan on Friday suggests that there were yen-buying interventions to the tune of $22 billion on Thursday, pointing to the latest effort by the Japanese authorities to shore up the embattled yen.
The Japanese yen weakened to fresh 38-year lows on Friday, crossing the 161 mark against the dollar for the first time since 1986 and reaching a high of 161.27, according to LSEG data.