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Japan to keep intervening to defend 160-per-dollar level, ex-BOJ official says

Japan to keep intervening to defend 160-per-dollar level, ex-BOJ official says

By Leika Kihara TOKYO, May 7 (Reuters) - Japan likely intervened during the Golden Week holidays and will step back into the market if the yen renews its slide below the psychologically key 160-per-dollar level, Atsushi Takeuchi, a former central bank official who took part in Tokyo's market forays
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Japan forex czar says IMF floating rate label does not limit currency action

Japan forex czar says IMF floating rate label does not limit currency action

TOKYO, May 7 (Reuters) - Japan's top currency diplomat Atsushi Mimura said on Thursday that the International Monetary Fund's classification of the country as having a free floating exchange rate regime does not restrict the frequency of currency intervention.
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Dollar on defensive as markets hope for best on Middle East

Dollar on defensive as markets hope for best on Middle East

By Wayne Cole SYDNEY, May 7 (Reuters) - The dollar remained on the defensive on Thursday as hopes for a de-escalation in the Iran-U.S. war supported oil-exposed currencies, while Tokyo resumed its verbal intervention in support of the yen keeping speculators cautious.
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BOJ debated need for rate hike if energy shock persists, minutes show

BOJ debated need for rate hike if energy shock persists, minutes show

By Leika Kihara TOKYO, May 7 (Reuters) - Many Bank of Japan board members saw the need to raise interest rates if the Iran war-driven energy shock is prolonged and gives rise to concerns over second-round effects on broader inflation, minutes of their March meeting showed on Thursday.
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Japan's Nikkei roars past 62,000 on earnings, Middle East optimism; JGBs rally

Japan's Nikkei roars past 62,000 on earnings, Middle East optimism; JGBs rally

By Rocky Swift and Junko Fujita TOKYO, May 7 (Reuters) - Japan's Nikkei share average shot to a record high on Thursday and the nation's bonds rallied as financial markets reopened after holidays, catching up with optimism over strong technology earnings and signs of a potential peace deal in the
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Nikkei 225 Index Surges to Record High Amid Tech Stock Gains and Middle East Optimism

Nikkei 225 Index Surges to Record High Amid Tech Stock Gains and Middle East Optimism

Japan's Nikkei 225 index experienced a significant surge, rising 5.7% in its first trading session after a public holiday, reaching a record high above the 62,000 level. This rally was primarily driven by gains in tech stocks and increased optimism regarding potential peace in the Middle East, particularly with Iran. The semiconductor supply chain companies, such as Renesas Electronics and Ibiden, were among the top performers, benefiting from the ongoing artificial intelligence boom. The rally in Japan follows a global trend where markets, including the U.S. S&P 500 and Nasdaq, have also reached new highs. The Japanese yen also saw a rise, hitting a 10-week high against the U.S. dollar, amid speculation of potential intervention by Japanese authorities to support the currency.
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Asian stocks hit record high, dollar wobbles on peace deal hopes

Asian stocks hit record high, dollar wobbles on peace deal hopes

By Ankur Banerjee SINGAPORE, May 7 (Reuters) - Asian stocks soared to record highs on Thursday while the U.S. dollar slipped and oil nursed steep losses as traders embraced the prospect of a peace deal in the Middle East, although the fate of the critical Strait of Hormuz remains unresolved.
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US dollar to remain stuck in range, dependent on the Strait of Hormuz: Reuters poll

US dollar to remain stuck in range, dependent on the Strait of Hormuz: Reuters poll

By Sarupya Ganguly BENGALURU, May 6 (Reuters) - Developments in the U.S.-Israel war with Iran will steer the dollar in the near term, said FX strategists in a Reuters poll, who held on to their outlook for the currency to stay range-bound before weakening later this year.
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Global debt hits record of near $353 trillion, with signs of move away from US

Global debt hits record of near $353 trillion, with signs of move away from US

By Karin Strohecker LONDON, May 6 (Reuters) - Investors are showing signs of diversifying away from U.S. Treasuries as global debt levels hit a record of nearly $353 trillion by end-March, a report by the Institute of International Finance published on Wednesday found.
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Dollar Weakens Amid Hopes for Iran-U.S. Peace Proposal

Dollar Weakens Amid Hopes for Iran-U.S. Peace Proposal

The U.S. dollar remained on the defensive as markets reacted to potential de-escalation in the Iran-U.S. conflict. Iran is reviewing a U.S. peace proposal that could formally end the war, though key issues like Iran's nuclear program and the reopening of the Strait of Hormuz remain unresolved. The possibility of peace has supported oil-exposed currencies and eased inflationary fears, leading to a pullback in Treasury yields. The dollar index fell to 97.950, down from last week's high of 99.092. The yen also gained strength amid speculation of Japanese intervention in the currency market.
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Yen steady, dollar firms on Middle East war fears

Yen steady, dollar firms on Middle East war fears

By Ankur Banerjee SINGAPORE, May 5 (Reuters) - The yen was steady on Tuesday amid lingering market nerves after suspected intervention by Tokyo last week sparked sharp gains in recent sessions, while the U.S. dollar firmed on safe-haven demand as the Middle East war weighed on sentiment.
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Japan Faces Dilemma Between Bond Market and Currency Amid Energy Shock

Japan Faces Dilemma Between Bond Market and Currency Amid Energy Shock

Nick Ferres, Chief Investment Officer of Vantage Point Asset Management, discussed Japan's economic challenges on CNBC's Squawk Box Asia. He highlighted the impact of a prolonged energy shock on global markets, noting Japan's vulnerability due to its reliance on oil imports. Ferres explained that Japan faces a critical decision between supporting its bond market or stabilizing its currency, as it cannot effectively do both under current conditions. The Bank of Japan's policy dilemma is exacerbated by the ongoing energy crisis, which has significant implications for the country's economic stability.