By Ankur BanerjeeThe yen slumped to levels not seen since 1986 on Tuesday, stoking worries that direct intervention from Tokyo was around the corner, while the dollar backed away from 13-month highs ahead of jobs data that could influence the U.S. rate outlook.The yen FX_IDC:USDJPY weakened to 162…
By Ronnie HaruiThe yen fell to a 40-year low against the dollar in Asia on Tuesday, putting traders on high alert for potential currency intervention by the government.Japanese Finance Minister Satsuki Katayama on Tuesday renewed her pledge to stop excessive yen volatility. "We will take appropriat…
Japan's 10-year government bond yield climbed to around 2.67% on Tuesday, gaining for the second straight session as the yen sank to its weakest levels in four decades, supporting expectations for faster Bank of Japan policy tightening.Last week, BOJ Governor Kazuo Ueda reiterated that the central…
The Indian rupee is likely to open weaker on Tuesday, tracking losses in Asian peers, with traders noting that underlying flows are compounding pressure and limiting near-term upside.The rupee (INR=IN) is expected to open in the 94.60–94.62 range, per traders, after declining 0.2% to 94.54 on Monda…
Indonesia's IDX Composite tumbled 160 points or 2.8% to 5,659 in early deals on Tuesday, slipping for the third session to hit its lowest in three weeks.All sectors were under heavy selling pressure, with basic materials, energy, and infrastructure among top laggards.Notable decliners included Hart…
By Ronnie HaruiThe yen fell to a 40-year low against the dollar in Asia on Tuesday, putting traders on high alert for potential currency intervention by the government.Japanese Finance Minister Satsuki Katayama on Tuesday renewed her pledge to stop excessive yen volatility. "We will take appropriat…
The Australian dollar fell further below $0.687, extending losses to a fresh three-month low as a stronger US dollar outweighed the RBA’s restrictive policy stance.Minutes from the Reserve Bank's June meeting showed policymakers agreed interest rates should remain restrictive to curb excess demand…
The yen's move past 162 to the dollar raises intervention risks, with the level seen as the line where officials could step in, Maybank analysts say. So far, there is no clarity on if intervention is going to occur or occurring, but there has been continued jawboning from officials, they write in a…
The Singapore dollar weakens slightly against its U.S. counterpart in the Asian session amid mixed signals over expected U.S.-Iran talks. On the one hand, President Trump said that the "peace talks were due to resume Tuesday in Doha," Maybank analysts say in a FX Research & Strategy report. On the…
The South Korean won traded near 1,545 per dollar, remaining close to its weakest level in over three weeks as persistent foreign equity outflows continued to weigh on the currency.Overseas investors sold a record KRW 7.7 trillion worth of KOSPI shares in the previous session, extending their net s…
The dollar index climbed to around 101.2 on Tuesday and was on track for a second straight monthly advance, supported by expectations that the Federal Reserve will implement multiple interest rate hikes this year.The index has gained more than 2% so far this month, putting it on course for its stro…
The offshore yuan weakened to around 6.79 per dollar in June, reversing two consecutive months of gains as a stronger US dollar and a series of softer-than-expected daily fixings from the People's Bank of China weighed on the currency.The dollar strengthened as investors priced in higher-for-longer…
Indonesian bonds are on track for their biggest monthly inflow in more than a year, as higher yields attract foreign investors and help support the rupiah, according to Bloomberg.
The primary driver of the yen's weakness is fundamental issues on the Japanese side, such as a widening digital services deficit, as well as expanding foreign investments by domestic individuals and companies, says Shota Ryu, a strategist at Mitsubishi UFJ Morgan Stanley Securities. Speculators hav…
The Malaysian ringgit is expected to remain under pressure in the near term as a stronger U.S. dollar and global economic uncertainty continue to weigh on emerging-market currencies, MBSB Research says in a note. It expects safe-haven demand for the dollar and higher U.S. interest rates to keep dow…
The following table shows rates for Asian currencies against the dollar at 0203 GMT.
Here's a snapshot of Vietnamese dong exchange rates in the official and unofficial markets, indicative SJC gold prices in Hanoi and interbank offered rates at 02:11 GMT.NOTES: The State Bank of Vietnam sets the mid-point rate on a daily basis and allows dollar/dong transactions to move in a band of…
The yen weakens against most other G-10 and Asian currencies amid concerns over the Japanese government's possible pushback against Bank of Japan rate increases. A media report says the "draft of [Japan] PM Takaichi's basic policy guidelines is expected to show BOJ working closely with the governme…
By Megumi FujikawaTOKYO--Japan's finance minister renewed her pledge to stop excessive yen volatility, coming as the currency hit a nearly 40-year low against the dollar and investors remain on high alert for intervention."We will take appropriate action on currencies at any time as needed," Satsuk…
The Thai baht FX_IDC:USDTHB weakened against the U.S. dollar on Tuesday.At 0156 GMT, the baht was 0.18% lower at 33.31 versus the dollar, after trading in a range of 33.255 to 33.350. It ended the previous session at 33.25 per dollar, as per LSEG data.For a more detailed report on emerging markets…
