Japanese Yen

Japan’s business mood improves, capex firm boosts economic outlook

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Japan’s business mood improves, capex firm boosts economic outlook

Buildings are illuminated at night in Tokyo, Japan, on Friday, July 21, 2023. Toru Hanai | Bloomberg | Getty Images Japan’s business sentiment improved in the third quarter, a central bank survey showed, suggesting conditions for a durable economic revival are falling into place even as a global slowdown keeps policymakers cautious about the outlook. Big non-manufacturers’ mood brightened to levels unseen since 1991, … Read more

Yen breaks above 145/dlr level in choppy trading, dollar firm

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Yen breaks above 145/dlr level in choppy trading, dollar firm

The yen was volatile on Monday after slipping to its lowest for the year against the dollar, breaching the key 145 level as traders warily looked for clues on possible intervention, while the dollar rose to touch a more than one month high. The Japanese yen weakened to as low as 145.22 per dollar in … Read more

Economic and political factors behind acceleration of de-dollarization

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Economic and political factors behind acceleration of de-dollarization

The U.S. dollar has been king in global trade for decades — not just because the U.S. is the world’s largest economy, but also because oil, a key commodity needed by all economies big and small, is priced in the greenback. Most commodities are also priced and traded in U.S. dollars. But since the Federal … Read more