Tag: Forex

US Dollar Likely Has Further Upside Versus Yen Despite BOJ Move: Goldman

NEW YORK—The Bank of Japan, which widened the trading band for 10-year Japanese government bonds (JGBs) on Tuesday, may have inflicted damage on the dollar against the yen, but Goldman Sachs analysts said there was further room for the greenback to rise. On Tuesday, the dollar plunged as much as 4 percent against the yen,…


Yen Rises, Underpinned by BOJ Policy Tweak; Dollar Retreats

SINGAPORE—The yen firmed on Thursday, returning towards a four-month peak against the dollar hit earlier in the week after the Bank of Japan’s surprise tweak to its bond yield control spurred bullish yen bets, while the dollar moved broadly lower. The yen rose about 0.5 percent to 131.85 per dollar, after surging to a four-month…


Yen Holds on to Big Gains After BOJ’s Surprise Policy Tweak

SINGAPORE/LONDON—The yen traded flat on Wednesday after surging almost 4 percent in the previous session, when the Bank of Japan (BOJ) unexpectedly tweaked a key policy, allowing government bond yields more room to move. The BOJ decided to change its “yield curve control” policy on Tuesday even as it kept broad policy settings unchanged. It…


Yen Soars to 4-month High After Surprise BOJ Policy Tweak

LONDON—The yen surged to a four-month peak against the dollar on Tuesday after the Bank of Japan stunned markets by deciding to review its yield curve control policy and widen the trading band for the 10-year government bond yield. While it kept broad policy settings unchanged—pinning short-term JGB yields at -0.1 percent and the 10-year…


Dollar Slips as Markets Bounce

LONDON—The U.S. dollar slipped on Monday as a pick-up in market sentiment drove stocks and riskier currencies higher. The dollar index—which tracks the greenback against a basket of six major currencies—fell 0.4 percent to 104.410, reversing some of its gains from the previous week after the U.S. Federal Reserve and European Central Bank hiked rates….


Dollar Holds on to Gains After Rallying on Rate Hikes

LONDON/TOKYO—The dollar was little changed on Friday after jumping in the previous session, as traders analyzed a raft of central bank rate hikes and grappled with the prospect that borrowing costs still have a way to climb. The euro was flat against the dollar in early European trading at $1.063. That followed a 0.5 percent…


Dollar Gains After Fed Meet, BOE and ECB in Focus

LONDON—The dollar strengthened across the board on Thursday after the Federal Reserve said it would deliver more interest rate hikes next year and before meetings of the Bank of England and the European Central Bank. The euro fell 0.67 percent to $1.0611, and sterling lost 0.9 percent to $1.2316, both falling from six-month highs hit…


Dollar Wallows at 6-Month Lows Ahead of Last Fed Meeting of 2022

LONDON—The dollar traded at its lowest in six months against the euro and pound on Wednesday after data showed U.S. inflation is cooling off, which investors believe gives the Federal Reserve room to slow the pace of future rate hikes. After raising interest rates by 75 basis points at four successive meetings, the U.S. central…


Dollar Steadies in Calm Before CPI and Central Bank Storm

London—The dollar steadied on Tuesday ahead of the release of U.S. inflation data and the final Federal Reserve meeting of the year, with investors waiting to update interest rate outlooks. A month ago, a small surprise to the downside unleashed a wave of bond buying and dollar selling on the expectation that inflation had peaked….


Dollar Eases, but Inflation Outlook Stays High on Investors’ Radar

LONDON—The dollar eased on Monday but its losses were contained by data last week that showed U.S. wholesale inflation rose more than expected last month, reinforcing the view that the Federal Reserve may have to keep interest rates higher for longer. The U.S. currency made the most upward headway against commodity-linked currencies like the Australian…