Newspaper icon
The latest issue of Financial Standard now available as an e-newspaper
READ NOW

Search Results

Showing 21 - 30 of 139 results for "Japanese Yen"

Chief economist update: Onwards and downwards to a recession?

BENJAMIN ONG  |  THURSDAY, 17 MAY 2018
... connection between the forecast and policy actions." This prompted speculations of a policy exit that in turn, sent the Japanese yen and the yield on 10-year Japanese government bond yields higher, nullifying the BOJ's efforts. It appears that in ...

Chief economist update: Japan's other war

BENJAMIN ONG  |  THURSDAY, 5 APR 2018
... But this could also be that the recent volatility in the financial markets is prompting safe-haven purchases of the Japanese yen. The yen has appreciated by 6.1% versus the greenback this year to date (after recording a 3.1% increase in 2017). It goes ...

Chief economist update: A prelude to taper?

BENJAMIN ONG  |  WEDNESDAY, 10 JAN 2018
... (BOJ) announcement that it's trimming ¥10 billion off its purchases of 10 to 25-year and 25 to 40-year JGBs sent the Japanese yen 0.5% higher against the US dollar to ¥112.43 after it sparked renewed taper speculations. While Bloomberg points out that ...

Go ahead BOE, make my day

BENJAMIN ONG  |  WEDNESDAY, 18 OCT 2017
... this day, the British pound staged a sterling rally - it soared to pre-Brexit levels against the US dollar and the Japanese yen (and to a two-month high against the strengthening euro). That was on 14 September when the Bank of England (BOE) kept policy ...

The British pound's sterling reversal

BENJAMIN ONG  |  MONDAY, 18 SEP 2017
... Now that's how you jawbone a currency. The British pound soared to pre-Brexit levels against the US dollar and the Japanese yen - and to a two-month high against the strengthening euro - at the close of last week's trading. And no, it's not because of ...

No follow through

BENJAMIN ONG  |  TUESDAY, 8 AUG 2017
... June 2016 Brexit referendum - down 12.0% against the US dollar; 15.4% versus the euro; and, down 7.8% vis-a-vis the Japanese yen since Brexit. The weaker pound has undoubtedly pushed up inflation but it is also shoring up domestic activity. This is underscored ...

Australian dollar poses problem for RBA

BENJAMIN ONG  |  MONDAY, 7 AUG 2017
... 5% on the TWI. In comparison, the British pound has risen not as much (up 5.5 %) against the US dollar while the Japanese yen and the Chinese yuan have appreciated by 5.2% and 3.4%, respectively. Although it still has scope to lower borrowing costs (if ...

May the force's not with her

BENJAMIN ONG  |  TUESDAY, 13 JUN 2017
... elections: it fell by 1.6% versus the US dollar; it went down by 1.3% against the euro and by 1.1% vis-a-vis the Japanese yen. It wasn't all bad news though. The FTSE 100 index rose by 1.0% the day after the elections, for a 5.4% gain this year to 9 ...

Japan rides the virtuous cycle

BENJAMIN ONG  |  THURSDAY, 11 MAY 2017
... has rebounded by 8.5% from the four-month low plumbed in mid-April and is up 4.1% this year to date. Similarly, the Japanese yen reversed course, resuming its weakening trend versus the US dollar - down 4.2% from the five-month high reached in mid-April ...

Machineries not in order

BENJAMIN ONG  |  TUESDAY, 17 JAN 2017
... 1.4% in October. However, there's still a bit of sunshine in the report in that the latest stats occurred when the Japanese yen was trading as high as 100 to a dollar. The yen's depreciation since Trump - currently trading at 114.17 -- should underpin ...