Forex

Pullback underscores the limits of intervention in reversing the yen’s longer-term decline

[LONDON] Currency markets drifted on Thursday (Aug 6) with the Japanese yen retracing some intervention-led gains and the US dollar edging away from a six-week low, as investors awaited more details o...

Markets remained watchful as tensions continued to play out in the Gulf

[LONDON] The Japanese yen steadied on Wednesday (Aug 5) after its most volatile few days in months after historic intervention, while the US dollar traded around six-week lows against other currencies...

The US dollar’s status as a reserve currency is not what it used to be

The Japanese currency is down towards 158 against the greenback

The yen had surged as much as 5% over the last three trading sessions

Trump says American action to prop up the Japanese currency is a sign of friendship

Barclays sees longer-term downward pressure on the currency persisting