Posts Tagged ‘yen’

Yen Jumbs After Election

by Forex Rooton December 15, 2014 6:20 am BST
The Japanese currency has tumbled about 30 percent in the past two years as Abe implemented fiscal spending and structural reforms and the Bank of Japan applied unprecedented monetary stimulus to battle deflation. Abe’s ruling Liberal Democratic Party and its coalition partner gained more than two-thirds of the 475 seats in the lower house, winning […]

Yen Falls to Six-Year Low on BOJ Easing

by Forex Rooton October 31, 2014 9:10 am BST
The yen weakened beyond 111 per dollar for the first time in more than six years after the Bank of Japan unexpectedly increased monetary stimulus. Japan’s currency slumped as much as 2.1 percent, the most since the central bank first expanded stimulus in April 2013. The BOJ said it would expand the monetary base by […]

Dollar Strengthens on U.S. Data; Sterling Overvalued

by Forex Rooton October 10, 2014 12:42 pm BST
Dollar rose against 14 of its 16 major peers and advanced for a second day, retracing its decline since minutes of the Federal Reserve’s most recent meeting showed policy makers are concerned the U.S. may be at risk from a worldwide slowdown. The dollar lost 0.1 percent to 107.75 yen, extending its weekly decline to […]

Euro Rises As ECB Plan Failed To Provide Details

by Forex Rooton October 2, 2014 3:33 pm BST
The ECB policy makers kept the benchmark interest rate unchanged today. However, the Euro jumbed the most since May as the European Central Bank failed to provide details on the size of a plan to buy private securities, curbing bets the purchases would expand the ECB’s balance sheet enough to weaken the currency. “I wouldn’t […]