Yen's Volatile Journey: From 160 to a Sharp Rebound
The Japanese yen had a dramatic day on the currency markets, hitting the 160 mark against the US dollar for the first time since 1990, before rising sharply again.
Read MoreThe Japanese yen had a dramatic day on the currency markets, hitting the 160 mark against the US dollar for the first time since 1990, before rising sharply again.
Read MoreSouth Korea and Japan are engaged in discussions concerning the recent devaluation of their currencies, the won (KRW) and the yen (JPY), respectively.
Read MoreKyodo News reported on Wednesday that the Japanese government plans to enact new economic stimulus measures in October, aiming to bolster company wage increases and reduce energy costs.
Read MoreKanda has warned against the recent drop in the Japanese Yen (JPY) and suggested that authorities could take action if speculative currency market movements persist, negatively affecting the USD/JPY pair.
Read MoreJapanese household spending plummeted, marking a 5.0% year-on-year drop in July, far below the expected 2.5% decline, extending a six-month decline streak.
Read MoreEarlier today, Japan's August Monetary Base data revealed a 1.2% year-on-year increase in liquidity, contrasting with the -1.3% prior figure.
Read MoreUS PCE Price Index released on Thursday suggests that there could still be room for a 25-basis points interest rate hike before the year ends.
Read MoreMarkets are displaying caution as they anticipate the release of the US Personal Consumption Expenditures (PCE) Price Index, which serves as the Federal Reserve (Fed)'s preferred measure of inflation.
Read MoreUSD/JPY is under bearish pressure near 146.50, marking a 0.10% intraday drop in Tuesday's European session.
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