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How is the rising yen affecting the carry trade? The yen’s 7.5% surge over the past week has pummeled carry traders. Investors who had borrowed yen were hit with margin calls as the currency ...
Japan sells dollars to buy yen. From the BBC World Service: The Japanese government is snapping up its own currency for the first time in decades in a bid to stop the yen tumbling past 24-year lows.
March 5 (Reuters) - Intervention to support the yen may be underway with domestic firms urged to, or utilised to buy the currency at a time when they tend to do so anyway.
Japanese company Metaplanet expanded its Bitcoin holdings to become one of Asia’s largest public holders of the crypto. The move comes at a time of yen weakness and political uncertainty in Japan.
The yen last week fell to its lowest level against the U.S. dollar since 1998 – almost 139 yen for one dollar – before rebounding slightly. That means the U.S. dollar now costs 26% more in yen than it ...
And yet the yen has stayed resolutely weak, becoming the weakest of the G10 developed market currencies this month. To view a graphic on Major currencies. month-to-date performance, click: ...
(This Oct.22 story has been corrected to show dollar, not yen, fall in paragraph 3)By Shinji Kitamura and Yoshifumi TakemotoTOKYO : Japan intervened in the foreign exchange market on Friday to buy ...