Written by The yen rose, snapping a two-day decline against the dollar and the euro, as concern over the pace of the U.S. recovery and the financial health of European banks boosted demand for Japan’s currency as a refuge. READ MORE »
Posts tagged bank of japan
Japan’s recovery accelerating, central bank says
TOKYO — Japan received a brighter assessment of its economic future Friday, with a key central bank report highlighting an accelerating recovery and easing price declines. READ MORE »
Yen Rises as European Stress Tests, Slowdown Concerns Boost Safety Demand
The yen rose, snapping a two-day decline against the dollar and the euro, as concern over the pace of the U.S. recovery and the financial health of European banks boosted demand for Japan’s currency as a refuge. READ MORE »
Yen Rises to Seven-Week High Versus Euro on Outlook for Economic Slowdown
The yen rose to a seven-week high against the euro as signs the global economy is slowing boosted demand for Japan’s currency as a refuge.
The yen rose against all 16 major counterparts after a conversation between Prime Minister Naoto Kan and Bank of Japan Governor Masaaki Shirakawa failed to yield a plan to curb its rally. The dollar also gained. The euro reached the lowest in almost six weeks versus the dollar after data showed services and manufacturing growth in the 16-nation area slowed in August. READ MORE »
Japanese Bonds Rise for a Second Day on Fed Easing Signals, Yen’s Advance
Japanese bonds advanced for a second day as the Federal Reserve’s willingness to ease monetary policy further spurred speculation the yen will strengthen and hurt domestic company profits. READ MORE »