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NEW YORK/TOKYO -- The yen strengthened to 153.10 to the dollar at its peak on Wednesday following the U.S. Federal Reserve's decision to keep interest rates steady, sparking speculation about another intervention by the Japanese government and the Bank of Japan.
NEW YORK -- The yen strengthened to 153.10 to the dollar at its peak on Wednesday following the U.S. Federal Reserve's decision to keep interest rates steady, sparking speculation about another intervention by the Japanese government and the Bank of Japan.
TOKYO -- Profits are up at more than two-thirds of big Japanese public companies that have released results for the fiscal year ended in March, thanks to a confluence of factors such as a soft yen, successful price hikes and a tourism rebound.
NEW YORK -- Foreign consumers are flocking to online proxy shopping sites to buy Japanese goods as the yen fell to a 34-year low this week.
TOKYO -- Money market data released by the Bank of Japan on Tuesday suggested the government intervened in the currency market the day before, when the yen marked a dramatic turnaround against the U.S. dollar after dropping close to 12% from the start of the year.
TOKYO -- The yen surged to 154 to the U.S. dollar on Monday after falling past the 160 mark, triggering speculation the Japanese government and central bank had intervened in the market to support the nation's currency.
TOKYO -- The yen's sharp appreciation Monday after crossing the 160 mark against the dollar has triggered speculation that Japanese authorities intervened in the market to shore up their home currency.
The Japanese yen weakened to 160 against the U.S. dollar in Monday morning trading in Asia.