Bitcoin was the notable mover as it reached for one-month highs on Monday, sustaining its rally after the Federal Reserve’s super-sized rate cut last week, while the yen and most other major currencies stagnated with Japanese markets on holiday. The dollar strengthened against the yen last week after policy meetings in both the United States … Read more
Asian stocks advanced Tuesday, led by Japanese equities, while the yen steadied after weakening against the dollar over the past week. Japanese stocks rose alongside Hong Kong equity futures, while shares in Sydney were little changed. US contracts edged lower ahead of Wall Street reopening later Tuesday, following the Labor Day public holiday. The yen … Read more
Investors have fallen over each other in recent weeks to buy the yen on bets that interest rates are finally about to tip in Japan’s favor. They face a moment of truth as soon as Wednesday. The currency is holding onto an advance of about 5% against the dollar since just before it began surging … Read more
The dollar was stable on Wednesday on wagers the Federal Reserve is unlikely to cut rates until later this year ahead of crucial inflation readings this week, while the yen drifted to its weakest in four weeks. The dollar was also lifted by rising Treasury yields after a lacklustre debt auction for sales of two-year … Read more
Asian stocks inched higher on Tuesday as investors awaited a slew of economic data, corporate earnings and the U.S. Federal Reserve’s policy meeting, while the yen was slightly weaker a day after suspected intervention rescued it from 34-year lows. MSCI’s broadest index of Asia-Pacific shares outside Japan was 0.36% higher, set to clock in a … Read more
Asian stocks slumped on Friday, tracking tech-led declines on Wall Street overnight after hotter-than-forecast U.S. inflation knocked back bets for how soon and often the Federal Reserve will cut interest rates. U.S. benchmark bond yields held near the 4.3% level they reached on Thursday for the first time this month, following their biggest jump in … Read more
