Tag: yen

Japan Exports Jump 23.2% in July, But Energy Costs Widen Trade Deficit

Japan's July exports jumped 23.2% on strong chip and auto shipments, but record imports and high energy costs extended its trade deficit for a third month.

Toyota Doubles Quarterly Profit to $9.4 Billion on Weak Yen, US Demand

Toyota nearly doubled fiscal first-quarter profit to $9.4 billion on a weak yen and strong US and India demand, while lifting its full-year sales forecast.

Yen Weakens Again After Intervention Fades, But Japan Retains $1 Trillion Firepower

The yen is sliding again weeks after intervention faded, but Japan's roughly $1 trillion in reserves leaves room for further yen-buying, Goldman Sachs says

Washington Funded Yen Intervention by Selling Euros to Shield Treasury Market, Reports Reveal

New reporting reveals Washington sold euros rather than Treasurys to fund its yen intervention, shielding the sensitive U.S. bond market as the yen holds g

US Joins Japan in Rare Yen Intervention to Curb Volatility and Steady Asian Markets

The US bought yen alongside Japan to curb currency volatility and reduce risks to Asian markets, Treasury Secretary Scott Bessent said, in a rare joint mov

US Joins Japan in Rare Currency Intervention to Prop Up the Faltering Yen

The US has joined Japan in a rare coordinated currency intervention to support the faltering yen, with analysts questioning the reported use of euros.

Yen Hits Three-Month High After Rare Joint US-Japan Currency Intervention

The yen strengthened to ¥155 against the dollar after Washington and Tokyo confirmed a rare joint currency intervention, though analysts question its stayi

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