foreign exchange

Euro steadies near 17-month low on French debt worries

The euro held just above a 17-month low against the dollar on Tuesday as euro zone bond markets steadied, a day after the currency fell hard on worries about France's public finances and political gridlock. In the early Asian session…

Asian currencies slide as US yields hit two-decade high

Most Asian and emerging-market currencies fell on Thursday. The US dollar held close to a two-month high, propped up by rising Treasury yields and by oil prices kept high by the Middle East conflict. The Indian rupee drifted toward the…

Yen slides past 158 as Japan’s record intervention fades

The Japanese yen slid past 158 per dollar on Wednesday, September 23, erasing most of the gains from Japan's record currency intervention earlier this year and raising fresh concerns that Tokyo may step in again to defend its currency. USD/JPY…

Strong dollar rattles Asian, EM currencies after Fed’s first rate hike in 3 years

The U.S. dollar's renewed strength following the Federal Reserve's first interest rate increase in three years sent shockwaves through Asian and emerging market currencies on Monday, though some markets showed signs of resilience amid diverging local factors.

Dollar posts best week in 3 months as BOJ dissent clouds yen outlook

The U.S. dollar jumped against the Japanese yen on Friday after two Bank of Japan policymakers dissented from the central bank's decision to raise interest rates, casting doubt over the pace of future tightening even as Governor Kazuo Ueda struck…

UBS recommends long EUR/USD trade after Fed rate hike

UBS is recommending investors go long on EUR/USD at current levels around 1.1475, setting a target of 1.17 with a stop-loss at 1.13, citing central bank dynamics as the primary rationale for the trade.

Yen jumps as Japan conducts rate check after BOJ hike disappoints traders

Japanese authorities conducted a "rate check" in the currency market on Friday, contacting banks for live foreign exchange quotes after the yen continued to weaken despite the Bank of Japan's decision to raise interest rates to their highest level in…

Yen holds near 7-month high as Fed, BOJ rate hikes loom

The Japanese yen hovered near a seven-month high against the dollar on Monday, up 4% this month, as markets brace for a pivotal week of central bank decisions that could reshape the currency landscape. USD/JPY was trading around 154, with…

Dollar hits two-week high as oil surge fuels Fed hike bets

The US dollar climbed to a two-week high on Monday as surging oil prices and rising expectations of a Federal Reserve rate hike this week drove investors toward the greenback, weakening major currencies across the board.

Japan’s finance minister offers cool reply to Bessent’s yen dare

Japanese Finance Minister Satsuki Katayama on Friday offered a notably diplomatic response to U.S. Treasury Secretary Scott Bessent's combative warning to currency traders betting against the yen, describing his remarks as "a pretty direct expression of his market views, which…

Yen slips as Mideast oil shock lifts dollar ahead of CPI

The Japanese yen weakened for a second consecutive session on Friday as surging oil prices tied to Middle East supply disruptions lifted the U.S. dollar and bond yields, though the currency remained on track for a second straight weekly gain…

Lagarde reveals U.S. sold €500M in euros during yen intervention

European Central Bank President Christine Lagarde disclosed on Thursday that U.S. financial authorities sold 500 million euros to buy Japanese yen on July 31, putting a specific figure on America's contribution to the rare coordinated currency intervention with Japan.

Dollar slides to three-week low as yen surges, oil tops $100

The U.S. dollar slumped to its weakest level in weeks on Wednesday as a surging Japanese yen and oil prices topping $100 a barrel combined to undercut the greenback's traditional safe-haven appeal. The U.S. Dollar Index traded near 98.15, close…

Japan, US remain aligned on FX policy as yen hits 7-month high

Japanese Finance Minister Satsuki Katayama said on Tuesday that Tokyo and Washington remain aligned in their approach to currency markets, pledging continued close communication with the U.S. Treasury to ensure orderly foreign exchange movements. The remarks came as the yen…

Yen hits seven-month high as BOJ rate hike bets surge

The Japanese yen surged to its strongest level since February on Monday, breaking past the peak reached after coordinated US-Japan currency intervention as traders bet the Bank of Japan will raise interest rates later this month. The dollar fell as…

Yen, Mexican peso and Colombian peso all surge against the dollar

Three currencies are rallying against the dollar at once, but for very different reasons. The Japanese yen posted its strongest weekly gain since July in early September 2026, rising roughly 2% as markets priced in a near-certain Bank of Japan…

Yen powers toward biggest two-day gain since August intervention

Global stocks and bonds staged a relief rally on Thursday as the Japanese yen powered toward its biggest two-day gain since early August, bond yields retreated from multi-decade highs, and oil prices pulled back after President Donald Trump signaled that…

Global dollar hedge ratios fall to lowest since 2015

Global pension funds and insurers have let their defenses against a weaker dollar slip to their lowest point in more than a decade, setting the stage for potential currency losses and a feedback loop that could deepen the greenback's decline.

Yen surges amid intervention rumors, hawkish BOJ signals

The Japanese yen rallied as much as 1.2% to 158.22 per dollar on Wednesday, its sharpest move in weeks, leaving currency traders scrambling to determine whether Japanese authorities had once again stepped into the foreign exchange market to prop up…

Dollar hits multi-week high as U.S.-Iran conflict lifts oil, reshapes rate bets

The U.S. dollar climbed to its highest level in several weeks on Wednesday as renewed fighting between the United States and Iran sent oil prices surging and drove investors toward the relative safety of American assets, reshaping rate expectations across…

Bessent calls yen moves ‘contained’ ahead of G20 talks

The Japanese yen slipped back below the closely watched 160-per-dollar level on Friday, erasing more than half the gains from last month's record intervention, even as U.S. Treasury Secretary Scott Bessent sought to reassure markets that the currency's decline remained…

Yen slides past 160 per dollar, erasing intervention gains

The Japanese yen breached the psychologically critical 160-per-dollar level on Friday, falling as much as 0.5% to 160.20 during New York trading, its weakest point in roughly a month. The move erases more than half of the gains achieved through…

Japan spent record $96.5B defending yen in one month

Japanese authorities deployed a record ¥15.4 trillion ($96.5 billion) in currency intervention between July 30 and August 26 to prop up the yen, the Finance Ministry disclosed on Friday, marking the largest monthly foreign exchange operation in the country's history.

Dollar carry trades hit longest winning streak since 2008

Investors borrowing in US dollars to chase higher yields in emerging markets have racked up their longest winning streak since the 2008 financial crisis, a run underpinned by unusually subdued currency volatility and wide interest-rate differentials that show few signs…

Nomura warns U.S.-Japan ‘currency alliance’ risks repeating 1997 crisis

The United States and Japan have forged what analysts are calling an informal "currency alliance" following their first coordinated foreign exchange intervention since 1998, marking a shift in how the world's two largest advanced economies manage exchange-rate pressures.

Dollar slides as markets bet on Fed rate cut in September

The US dollar continued to lose ground against major currencies this week, with the Japanese yen, New Zealand dollar, and euro all firming as markets price in growing expectations that the Federal Reserve will begin easing policy at its September…

South Korea, Japan vow deeper FX cooperation after rare joint intervention

Senior finance officials from South Korea and Japan met in Tokyo on Friday, vowing to maintain close coordination just three weeks after a rare coordinated currency intervention jolted regional markets and helped bolster both the won and the yen.

Ant International signs Citi, HSBC, Barclays for new forex AI tool

Ant International on Thursday rolled out an upgraded artificial intelligence model designed to forecast foreign exchange risk, partnering with six major global banks as financial institutions race to embed specialized AI into their core operations.

Euro hits 2.5-month high as US Treasury ramps up bond buybacks

The euro climbed to a 2.5-month high against the dollar on Wednesday, gaining more than 0.8% as the U.S. Treasury's announcement of expanded bond buyback operations overshadowed hawkish Federal Reserve minutes. EUR/USD pushed toward the 1.17 level, driven by falling…

Swiss franc emerges as carry trade alternative after US-Japan yen intervention

The Swiss franc is emerging as a leading alternative funding currency in global carry trades after the rare joint intervention by the United States and Japan to prop up the yen earlier this month sent ripples through foreign exchange markets.