Currencies

US dollar edges up; keeps yen pinned near 40-year lows 

Traders see the upcoming US public holiday on Friday as a potential window for Tokyo to buy yen.

Yen sinks to four-decade low as US dollar gets yields boost

The dollar index was steady at 101.34, near last week’s 13-month high.

US dollar set for best month in nearly a year as bulls grow confident

Fed funds futures are pricing in more than an 85% chance of a quarter-point rate hike by the US Federal Reserve by September.

US dollar rises to one-year high on Fed hike bets; yen hovers near 40-year low

Unlike many of its global peers, the MAS uses the exchange rate rather than interest rates as its primary monetary policy tool.

Singapore dollar set to gain despite hawkish US Fed: analysts

Weighing on the yen are Japanese interest rates, which are much lower than those elsewhere, even after the Bank of Japan hiked interest rates to a 31-year high.

Yen teeters on cusp of 40-year low; pound firms

The yen changed hands at 161.25 per US dollar in early trading in Tokyo after hitting 161.81 overnight, its weakest since July 2024.

Yen at brink of 40-year low puts markets on intervention watch

The Fed has kept interest rates unchanged at 3.5% to 3.75% in the first Federal Open Market Committee meeting led by new chair Kevin Warsh.

Asian currencies likely to stay under pressure as new Fed regime keeps rates steady

The latest move in the currency also comes despite a record 11.7 trillion yen intervention by authorities from Apr 28 to May 2.

Japan intervention risk mounts as yen drops to lowest since 2024

CPI and PPI reports expected to reach multi-year highs due to fuel cost shocks over in the US.

Hawkish Fed, hot inflation, fragile currencies: ASEAN’s delicate balancing act explained