USD/CAD Sudden But Natural Plunge Explained

Japanese Yen Trading Lower In The Asian Session

For the 24 hours to 23:00 GMT, the USD rose 0.53% against the JPY and closed at 107.31. On the data front, Japan’s final machine tool orders recorded a rise of 48.8% on an annual basis in January, confirming the preliminary print. In the prior month, machine tool orders had recorded a rise of 48.3%. […]

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USD/JPY retreats from one-week tops, still comfortable above mid-107.00s

USD/JPY retreats from one-week tops, still comfortable above mid-107.00s

   •  USD rebound gains strong traction on surging US bond yields.   •  Slide in the US equities fails to revive JPY’s safe-haven appeal.   •  Today’s key focus would be on the latest FOMC meeting minutes. The USD/JPY pair continued gaining traction for the fourth consecutive session on Tuesday and jumped to one-week tops, closer […]

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Zero yen: Japanese cryptocurrency exchange briefly trips up trade

Zero yen: Japanese cryptocurrency exchange briefly trips up trade

TOKYO (Reuters) – A Japanese cryptocurrency exchange undergoing checks by regulators has said a system failure let investors briefly trade a digital currency for zero yen, highlighting security concerns about such assets after last month’s cyber heist at Coincheck Inc. Zaif, an exchange run by Osaka-based Tech Bureau Corp, said on Tuesday a problem in […]

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Subaru's XV continues in its iconoclastic, but likeable, way

Subaru’s XV continues in its iconoclastic, but likeable, way

If you want to buy a Subaru, it kind of helps if you’re already a fan. The Japanese brand very much ploughs its own furrow and it’s a furrow that’s well off in a distant corner of the field, away from everyone else’s. Mind you, it’s probably a straighter furrow than everyone else’s too . […]

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The Kiwi Dollar Stumbles with FED Talk to Drive the USD Today

FOREX-Dollar extends recovery from three-year lows as yields rise

Shutterstock photo * Dollar index hits six-day high * U.S. Treasury auctions seen as test of investors’ appetite (Updates prices, market activity; adds comment) By Saqib Iqbal Ahmed NEW YORK, Feb 20 (Reuters) – The dollar rose to a six-day high against a basket of major currencies on Tuesday, extending a rebound from a three-year […]

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Regional stocks shake off weak Wall Street lead

Hudson Lockett in Hong Kong February 21, 2018 Wednesday 05.10 GMT What you need to know Regional stock benchmarks mixed after weak lead from Wall Street Hong Kong’s Hang Seng up 1 per cent as financials climb Anglo-Australian miner BHP Billiton down almost 5 per cent Crude oil prices down around 1 per cent Overview […]

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Japanese giants Toyota Tsusho, Mitsui win Sh6.8bn cargo cranes deal

Companies Tuesday, February 20, 2018 20:16 By VICTOR JUMA The Mombasa Port. FILE PHOTO | NMG  Japanese conglomerates Toyota Tsusho and Mitsui have won a new Sh6.8 billion contract to install cargo cranes at the port of Mombasa after signing a similar tender in 2014 that earned them Sh2.5 billion. This raises the total value […]

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Dollar catches a bid on rising US Treasury yields

Dollar catches a bid on rising US Treasury yields

Market Review – 20/02/2018   23:52GMT   Dollar catches a bid on rising U.S. Treasury yields The greenback extended last week’s gains and climbed higher against majority of its peers on Tuesday due to rising U.S. yields as investors focus on large U.S. government debt auctions this week. However, dollar briefly retreated in New York morning due […]

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CSX-listed companies report moderate growth

Most companies listed in the local stock market reported slow business performances in 2017, according to unaudited financial statements filed to the Cambodia Securities Exchange (CSX) on Monday. Phnom Penh Water Supply Authority (PWSA), a state-owned enterprise, saw an increase of 16.8 percent in total revenue, which equaled $58.1 million, while net profit dropped by […]

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Japan's machine tool industry strained under red-hot demand

Japan’s machine tool industry strained under red-hot demand

TOKYO — Orders at Japan’s machine tool makers maintained brisk year-on-year growth in January, though mounting parts shortages indicate the industry could be doing too well for its own good. The total value of orders during the month grew 48.8% on the year to 154.39 billion yen ($1.44 billion), the Japan Machine Tool Builders’ Association […]

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Energy and tech names lead Japanese profit upgrades

Energy and tech names lead Japanese profit upgrades

TOKYO — As the Japanese fiscal year enters its final stretch, commodity-related and technology names figure prominently among listed companies raising their net profit forecasts, a Nikkei Inc. ranking shows. Petroleum refiner Cosmo Energy Holdings, which has boosted its net profit guidance 250% over its initial estimate, to 70 billion yen ($652 million), had the second-largest […]

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Riskier currencies were trading on a poor footing, given the firmer dollar and negative global equity sentiment.

Ringgit lower against US$ on negative global sentiments

KUALA LUMPUR: The ringgit opened lower against the US dollar early Wednesday as investors turned risk averse to riskier currency and amid negative global equity sentiment. At 9.00 am(0100gmt), the ringgit stood at 3.9060/9090 against the greenback from Tuesday’s close of 3.9020/9060. OANDA Corp Head of Trading for Asia Pacific, Stephen Innes said riskier currencies […]

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Japan February factory growth slows as yen dents export orders - flash PMI

Japan February factory growth slows as yen dents export orders – flash PMI

TOKYO (Reuters) – Japanese manufacturing activity expanded at a slower pace in February as growth of new export orders slowed due to the yen’s appreciation, showing the corporate sector remains highly sensitive to currency market moves. The Flash Markit/Nikkei Japan Manufacturing Purchasing Managers Index (PMI) fell to a seasonally adjusted 54.0 in February from a […]

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Dollar Climbing Ahead Of Fed Minutes

Dollar Climbing Ahead Of Fed Minutes

WASHINGTON (Alliance News) – The dollar is up against all of its major rivals Tuesday afternoon. Traders are awaiting the release of the minutes from the latest Federal Reserve meeting tomorrow afternoon. Investors will be keeping an eye out for more signals about a possible rate hike in March. There were no US economic reports […]

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The Kiwi Dollar Stumbles with FED Talk to Drive the USD Today

4 Reasons Why You Should Look at Japan ETFs Now

Japan has long been enjoying beneficial easy money policies, which have put the economy on a growth path. Japanese markets saw a stellar run in 2017 with equities riding back to heights last seen in 1991 (read: Japan ETFs Will Continue Their Stellar Run in 2018 ). Though Japanese inflation is yet to pick up […]

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Image: Tallest Wooden Skyscraper to Plant Itself in Tokyo

Tallest Wooden Skyscraper to Plant Itself in Tokyo

The world’s tallest wooden skyscraper is expected to tower nearly 1,200 feet above Tokyo’s streets, casting a shadow over the current highest wooden structure that reaches about 180 feet into the sky, Japanese company Sumitomo Forestry revealed. The 70-story wooden high-rise, which has been named W350, will be comprised mostly of wood and steel, and […]

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Sebi allows NSE, BSE to trade in cross currencies derivatives

Sebi allows NSE, BSE to trade in cross currencies derivatives

MUMBAI: Capital market regulator the Securities and Exchange Board of India has written a letter to the National Stock Exchange and BSE allowing them three pair of new currencies with an extended trading time in the derivatives market, two people familiar with the matter said. The move will help increase liquidity in the market at […]

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Japan's top financial diplomat puts strong yen on notice

Japan’s top financial diplomat puts strong yen on notice

TOKYO — Japan’s point man on currency diplomacy sees the yen’s recent surge as excessive and wants to make sure that the world’s leading economies won’t engage in a beggar-thy-neighbor policy. “I cannot help but assess the [yen] movements as one-sided,” Masatsugu Asakawa, vice minister of finance for international affairs, told The Nikkei in an interview Tuesday. […]

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(Image: Hawaii News Now)

Business Report: How currency exchange rates affect visitors

(Image: Hawaii News Now) In this Illustrated Economics, Howard dives into how currency exchange rates affect our visitors. International visitors to Hawaii typically convert their money to U.S. dollars. But currency exchange rates change all the time. The Japanese yen has lately been very strong. Today it takes 107 yen to buy a dollar. Yesterday it […]

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