The most striking aspect of the yen's decline over the past few weeks is how orderly the price action has been, says Sean Callow, senior FX analyst at InTouch Capital Markets. The dollar-yen pair has ground gently higher, and not shown the excessive volatility that Japanese authorities like to poin…
By Ronnie HaruiThe yen hit a fresh 40-year low against the dollar in Asia on Wednesday, keeping traders on high alert for possible currency intervention by the Japanese government.Ongoing expectations for a gradual pace of interest-rate increases by the Bank of Japan, combined with growing prospect…
The National Futures Association (NFA) has fined Marex Spectron International Limited $350,000 for letting unregistered staff handle orders from U.S. customers. It is the second time in four years the London broker has settled the same type of case.The NFA's Business Conduct Committee issued the de…
The Australian and New Zealand dollars skidded on Wednesday after a bruising month of losses, as markets wagered on near-term U.S. rate hikes while paring back expectations for tightening at home.Bond markets were also under pressure after U.S. Treasury yields spiked overnight as futures narrowed t…
The Indian rupee opened slightly weaker at 94.68 against the US dollar on Wednesday (July 1), compared with Tuesday’s (June 30's) close of 94.66, as investors balanced improving macroeconomic signals with caution over global market conditions.Despite the marginal decline at the opening, sentiment a…
The offshore yuan weakened to around 6.79 per dollar on Monday, reversing gains from the previous session as renewed concerns over China's economic outlook weighed on sentiment.A private survey showed that the Manufacturing PMI eased to a three-month low of 51.7 from 51.8 in May.The reading followe…
The South Korean won weakened to around 1,557 per dollar, approaching its weakest level since March 2009 near 1,560 touched earlier in June, as persistent foreign selling of local equities and broad demand for the US dollar weighed on the currency.Overseas investors remained net sellers of Korean s…
The Indian rupee hovered around 94.7 per dollar, extending its recent losses as rising US Treasury yields strengthened the greenback and weighed on Asian currencies.Higher bond yields dampened demand for emerging-market assets, while renewed dollar buying and weaker regional currencies kept pressur…
According to Bloomberg, Asian equities edged lower as investors turned cautious after a rally in chipmakers and tech stocks helped propel them to their best quarter in 17 years. MSCI's regional equities gauge dropped 0.2%, snapping a two-day gain, with nine of 11 subgroups declining.Stocks in Japan…
The Indian rupee opened flat at 94.66 against the US dollar on Wednesday, compared to Tuesday's close of 94.66.According to Finrex, the rupee posted its first quarterly gain in five quarters, appreciating roughly 0.2% during the April-June quarter. The near term direction of the INR will likely dep…
The New Zealand dollar slipped to $0.566 on the first trading day of July, hovering near its lowest level in seven months amid a firm US dollar, while investors assessed the Reserve Bank’s interest rate outlook.Markets continue to price in a rate hike from the RBNZ next week, although analysts have…
The Singapore dollar weakens against its U.S. counterpart in the Asian session amid rising Treasury yields that typically enhance the appeal of U.S.-dollar-denominated fixed-income assets. However, the Singapore dollar's losses may be limited ahead of Fed Chairman Warsh's appearance on a panel at a…
The Malaysian ringgit could remain under pressure in the near term amid a stronger U.S. dollar outlook following a more hawkish Fed stance, Hong Leong IB analysts say in a note. Lingering geopolitical uncertainty in the Middle East and rising domestic political risks ahead of a potential general el…
China's yuan weakened against a rebounding dollar on Wednesday despite the central bank setting a strong guidance rate, amid growing concerns over China's economic health.Onshore yuan FX_IDC:USDCNY changed hands at 6.7922 per dollar at 2:37 GMT, roughly 0.05% weaker than the previous day's close.Th…
According to Bloomberg, South Korea's won slid toward its weakest level since the global financial crisis, leading a retreat in Asian currencies, as the dollar strengthened and overseas investors sold local equities. The won declined as much as 0.6% to 1,559.10 per dollar after depreciating to 1,56…
By Nimesh VoraThe Indian rupee is likely to come under pressure at Wednesday’s open, weighed by higher U.S. Treasury yields, which have in turn weakened Asian currencies and dampened risk appetite.The rupee FX_IDC:USDINR is expected to open in the 94.70-94.75 range, per traders, after settling at…
TOKYO // TAIPEI, July 1, 2026 - (JCN Newswire) - JCB International Co., Ltd., the international operations subsidiary of JCB Co., Ltd., Japan's only international payment brand, and JCB International (Taiwan) Co., Ltd., announced the launch of JCB contactless payment acceptance on the Taipei Metro…
The Japanese yen weakened past 162.5 per dollar on Wednesday, sinking to its lowest level in four decades and fueling speculation that authorities could intervene to support the currency.Traders are watching Friday’s US holiday as a potential opportunity for Tokyo to buy yen, as thinner market liqu…
The yen’s slump to historic lows is forcing investors to rethink one of the most widely used strategies for gauging the currency’s moves, according to Mizuho Bank Ltd., Bloomberg reported.
The following table shows rates for Asian currencies against the dollar at 0203 GMT.
