USD/JPY: Yen trading lower on intervention threats

For the 24 hours to 23:00 GMT, USD weakened 0.21% against the JPY, on Friday, and closed at 76.67. In Japan, on Friday, the industrial output rose 3.8% (M-o-M) in June, following a 3.9% growth in the previous month. The … Continue reading

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USD/JPY: Japanese yen trading lower in the Asian session, Japan slashes FY11 GDP forecast

For the 24 hours to 23:00 GMT, USD strengthened 0.17% against the JPY and closed at 76.83. This morning, in Japan, the Cabinet Office indicated that the Gross Domestic Product (GDP) would rise 0.5% in the current year, following the … Continue reading

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USD/JPY: Japanese yen continues its upward journey

For the 24 hours to 23:00 GMT, USD weakened 0.43% against the JPY and closed at 76.70. In economic news in the US, mortgage application volume, on a seasonally adjusted basis, rose 21.7% for the week ended 5 August 2011, … Continue reading

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USD/JPY: Japanese yen continues to strengthen, intervention effects fade, credit negative for Japan economy: Moody’s

For the 24 hours to 23:00 GMT, USD weakened 0.67% against the JPY and closed at 77.03, after the Federal Reserve stated that it would keep interest rates low for at least two years, keeping the Fed fund rate at … Continue reading

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USD/JPY: Yen continues to advance after BoJ minutes

For the 24 hours to 23:00 GMT, USD weakened 0.91% against the JPY and closed at 77.55, amid concerns over a US economic slowdown following the downgrade of the US government’s credit rating on late Friday. In Japan, yesterday, the … Continue reading

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USD/JPY: Yen continues to rise against greenback

For the 24 hours to 23:00 GMT, USD weakened 1.21% against the JPY, on Friday, and closed at 78.37. In Japan, on Friday, the bank lending, on an annual basis, dropped 0.6% to ¥392.745 trillion in July. Meanwhile, the leading … Continue reading

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USD/JPY: Yen plummets on intervention, trading higher this morning

For the 24 hours to 23:00 GMT, USD strengthened 2.87% against the JPY and closed at 79.33, as Japan intervened to curb yen’s gain. The Bank of Japan raised its total asset-purchase program to approximately ¥50 trillion, from ¥40 trillion … Continue reading

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USD/JPY: Yen slides after Japan intervenes to curb its rise

For the 24 hours to 23:00 GMT, USD weakened 0.21% against the JPY and closed at 77.12. In the US, the number of employed people in non-farm private business sector rose 114,000 in July, in comparison with downwardly revised 145,000 … Continue reading

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USD/JPY: Pair showing convergence with its MA’s

For the 24 hours to 23:00 GMT, USD weakened 0.19% against the JPY and closed at 77.28. In the US, on a monthly basis, the consumer expenditure declined 0.2% in June, compared to a revised 0.1% rise posted in the … Continue reading

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USD/JPY: Yen erases gains on intervention talk, trading flat this morning

For the 24 hours to 23:00 GMT, USD strengthened 0.27% against the JPY and closed at 77.43, after speculation that the Japanese government would intervene in the currency market. Japan’s Nikkei newspaper reported that Japan’s government was planning to intervene … Continue reading

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USD/JPY: Yen losses steam on US debt deal

For the 24 hours to 23:00 GMT, USD weakened 1.26% against the JPY, on Friday, and closed at 76.81, amid concerns that the US credit-ratings may be downgraded. In the economic news on Friday, the annualized housing starts in Japan … Continue reading

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