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Bank of Japan lines up another speaking event ahead of key September meeting

Bank of Japan lines up another speaking event ahead of key September meeting

By Leika Kihara TOKYO, Aug 7 (Reuters) - The Bank of Japan has set a third speaking event for one of its board members ahead of its next policy meeting in September, events which could drop hints on whether the central bank will meet growing market expectations of a rate hike that month.
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Nudge from Bessent firms case for BOJ rate hike in September

Nudge from Bessent firms case for BOJ rate hike in September

By Leika Kihara TOKYO, Aug 5 (Reuters) - U.S. Treasury Secretary Scott Bessent's public views on Japan's monetary policy have all but locked the central bank into an interest rate hike at its September meeting and raised questions about Washington's influence over domestic policy.
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Bessent says he is sure BOJ chief Ueda will 'do what is best', NHK reports

Bessent says he is sure BOJ chief Ueda will 'do what is best', NHK reports

By Leika Kihara TOKYO, Aug 5 (Reuters) - U.S. Treasury Secretary Scott Bessent said he was sure Bank of Japan Governor Kazuo Ueda will "do what is best" for the country's economy, public broadcaster NHK reported on Wednesday.
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Yen steadies after intervention, dollar near 6-week low on Mideast hopes

Yen steadies after intervention, dollar near 6-week low on Mideast hopes

By Jiaxing Li HONG KONG, Aug 5 (Reuters) - Currency markets paused for breath on Wednesday as pressure on the Japanese yen eased following recent bouts of intervention and a forceful show of U.S. support, while the dollar held near six-week lows on fresh optimism over the Middle East.
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Yen finds footing after intervention, dollar near 6-week low on Mideast hopes

Yen finds footing after intervention, dollar near 6-week low on Mideast hopes

By Jiaxing Li HONG KONG, Aug 5 (Reuters) - Currency markets paused for breath on Wednesday as pressure on the Japanese yen eased following recent bouts of intervention and a forceful show of U.S. support, while the dollar held near six-week lows on fresh optimism over the Middle East.
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BOJ debated mounting price risks even upon hiking rates in June, minutes show

BOJ debated mounting price risks even upon hiking rates in June, minutes show

By Leika Kihara TOKYO, Aug 5 (Reuters) - Bank of Japan policymakers debated mounting price risks that likely required more rate hikes even as they raised borrowing costs to a 31-year high in June, minutes of the meeting showed on Wednesday, highlighting the central bank's increased focus on
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Yen steadies after intervention and dollar stays near six-week low

Yen steadies after intervention and dollar stays near six-week low

By Amanda Cooper and Chibuike Oguh NEW YORK/LONDON, Aug 5 (Reuters) - The Japanese yen steadied on Wednesday after historic intervention, while the dollar traded around six-week lows against other currencies as revived hopes of an end to the war in Iran blunted safe-haven demand.  
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Yen firms after landmark intervention, dollar near lows on optimism over Iran talks

Yen firms after landmark intervention, dollar near lows on optimism over Iran talks

By Amanda Cooper and Chibuike Oguh NEW YORK/LONDON, Aug 5 (Reuters) - The Japanese yen steadied on Wednesday after a historic intervention, while the dollar hovered near six-week lows against major peers as renewed hopes for an end to the Iran war curbed safe-haven demand.
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US will do 'whatever it takes' to support Japan after yen intervention, Bessent says

US will do 'whatever it takes' to support Japan after yen intervention, Bessent says

By David Lawder and Doina Chiacu WASHINGTON, Aug 4 (Reuters) - The U.S. will do "whatever it takes" to support Japan's effort to stabilize the yen, Treasury Secretary Scott Bessent said on Tuesday, following last week's joint intervention by Washington and Tokyo to buy the Japanese currency.
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US dollar to retain strength, yen intervention no game changer: Reuters poll

US dollar to retain strength, yen intervention no game changer: Reuters poll

By Sarupya Ganguly BENGALURU, Aug 5 (Reuters) - The U.S. dollar will hold firm in coming months before weakening later in the year, according to FX strategists surveyed by Reuters who also generated some of the weakest consensus Japanese yen forecasts since polling began in the early 1990s.
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Yen Surges as Japan Bond Yields Hit Record Highs Amid Rate Hike Speculation

Yen Surges as Japan Bond Yields Hit Record Highs Amid Rate Hike Speculation

Japan's yen has strengthened significantly as short-dated bond yields reached record highs, driven by speculation of an early Bank of Japan (BOJ) rate hike. This follows a joint US-Japan intervention aimed at supporting the yen, with both countries signaling readiness for further action. The five-year bond yield rose to a record 2.050%, while the two-year yield climbed to its highest since May 1995. The BOJ's recent warning about potential inflation exceeding targets has added to the speculation of monetary tightening, despite Governor Ueda's comments not fully cementing expectations for a September rate hike.
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US dollar to retain strength, yen intervention no game changer

US dollar to retain strength, yen intervention no game changer

By Sarupya Ganguly BENGALURU, Aug 5 (Reuters) - The U.S. dollar will hold firm in coming months before weakening later in the year, according to FX strategists surveyed by Reuters who also generated some of the weakest consensus Japanese yen forecasts since polling began in the early 1990s.