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Nissan’s quarterly profit falls on weak Japan sales, yen

TOKYO: Japanese automaker Nissan Motor Co. reported Monday that its profit fell 15 percent in the July-September quarter. Strong sales in North America and China failed to make up for sluggish demand in Japan and a stronger yen. Profit in the last quarter at Nissan, based in Yokohama, southwest of Tokyo, was 146 billion yen ($1.4 billion), down from 173 ... Read More »

Japan starts providing up to yen 877.8b shipping insurance cover for tankers carrying Iranian oil

TOKYO: Japan started providing up to Yen 877.8 billion ($7.98 billion) shipping insurance cover for tankers carrying Iranian crude for fiscal year 2015-16 (April-March), amid uncertainty over Western sanctions against Iran. Japan’s insurance cover for Iranian oil is at a record level in 2015-16, up almost 15% from Yen 764.4 billion ($7.88 billion) in fiscal 2014-15, due mainly to a ... Read More »

Yen gains 0.5% to 118.91 per dollar in early trade

TOKYO: The yen gained 0.5 percent to 118.91 per dollar as of 6:01 a.m. in London, after reaching 118.86, the strongest since Feb. 26. It rose 0.4 percent to 130.52 per euro. The yen advanced to the strongest in a month versus the dollar amid increased demand for haven assets as Saudi Arabia and its allies bombed targets in Yemen. ... Read More »

US dollar records high against euro, yen in Asian trade

LONDON: The U.S. dollar scored multi-year highs against the euro and yen in Asia on Tuesday amid starkly diverging outlooks for interest rates globally, while currencies from emerging markets came under mounting pressure from risk aversion. The skittish mood spread to Asian stocks as MSCI’s broadest index of Asia-Pacific shares outside Japan slipped 0.6 percent. Driving the dollar was speculation ... Read More »

Yen weaker in Asian trade

NEW YORK: The yen weakened along with the Aussie in Asia on Thursday on comments from policy makers at both central banks and data in Australia that gave a mixed outlook ahead of a key European Central Bank meeting later in the day. The Australian dollar traded stronger on Thursday early in Asia ahead of trade and retail sales. AUD/USD ... Read More »

US dollar edges higher against Yen

SINGAPORE: The dollar edged higher against the yen on Tuesday, but traders were wary of making too many bets on the currency ahead of congressional testimony by Federal Reserve Chair Janet Yellen. Yellen’s appearance before the U.S. Senate Banking Committee is drawing extra attention after dovish-sounding minutes from the Fed’s January meeting released last week dented expectations for an early ... Read More »

Yen holds slightly stronger in Asia

TOKYO: The yen held slightly stronger in Asia on Thursday after better than expected export figures and a mildly dovish Federal Reserve minutes release, with many markets shut for the Lunar New Year holidays. USD/JPY traded at 118.75, down 0.03%, while AUD/USD changed hands at 0.7811, up 0.01% and EUR/USD traded at 1.1403, down 0.06%. Japan’s January trade deficit came ... Read More »

US dollar dips against yen, euro

LONDON: The dollar fell against the yen and euro on Thursday, paring gains after minutes of January’s Federal Reserve policy meeting showed officials were concerned about hiking interest rates too soon. The greenback shed 0.2 percent to 118.58 yen after coming down from a peak of 119.41 overnight. The dollar index added to losses and was down 0.3 percent at ... Read More »

US dollar records 1 month high against yen

LONDON: The dollar hovered near a one-month high versus the yen on Wednesday, bolstered by gains in Treasury yields, while uncertainty over a new debt deal for Greece kept a cloud over the euro. The dollar inched up 0.1 percent to 119.51 yen, staying near Tuesday’s peak of 119.62 yen, which was the dollar’s highest level since early January. Trade ... Read More »

US dollar tumbles against Yen, Euro

LONDON: The dollar fell against the yen and the euro, as investors cut back on some of their largest bets, including those for a stronger U.S. currency, on concerns about Greece’s future in the eurozone and tensions in Ukraine. The dollar fell 0.4% against the Japanese currency to ¥118.63 in late-afternoon New York trading. The euro climbed 0.1% to $1.1327, ... Read More »

NZ dollar trade positive in Asian trade against US dollar, Yen

NEW YORK: The New Zealand dollar continued to trade in positive territory against the U.S. dollar and the yen in Asia on Friday. The kiwi, which finished yesterday’s deals at 86.85 against the yen, advanced to 87.20. The kiwi hit a 2-day high of 0.7433 against the greenback, up from an early low of 0.7384. The next likely resistance for ... Read More »

Yen touches 2 months high against Australian dollar

TOKYO: The yen touched two-week high against the dollar on Monday, while commodity currencies were weak as concerns about the health of the Chinese economy added to unease following a fall on Wall Street. The dollar slid to a two-week low of 116.64 yen in early trade, its lowest since Jan. 16, down from around 117.52 late in New York ... Read More »

Dollar lowers against Yen in Asian trade

LONDON: The dollar was weaker against the yen in Asian trade Friday, pulled down by profit-taking and selling by corporate investors related to end-of-the-month commercial trade settlement. Around 0450 GMT, the dollar was down to Y117.97 compared with Y118.29 late Thursday in New York. The greenback initially maintained overnight gains brought about by favorable employment numbers, in which Americans filed ... Read More »

Dollar lowers against Yen in Asian trade

LONDON: The dollar was weaker against the yen in Asian trade Friday, pulled down by profit-taking and selling by corporate investors related to end-of-the-month commercial trade settlement. Around 0450 GMT, the dollar was down to Y117.97 compared with Y118.29 late Thursday in New York. The greenback initially maintained overnight gains brought about by favorable employment numbers, in which Americans filed ... Read More »

US dollar higher against yen in Asian trade

LONDON: The dollar climbed  against the yen in Asian trade Thursday, driven by month-end plunge buying by Japanese corporate investors. Market participants also pointed to comments by Japan’s top spokesman that some interpreted as the government leaving open the possibility of further easing by the Bank of Japan, following remarks earlier in the week suggesting that was no longer the ... Read More »

US dollar higher against yen in Asian trade

LONDON: The dollar climbed  against the yen in Asian trade Thursday, driven by month-end plunge buying by Japanese corporate investors. Market participants also pointed to comments by Japan’s top spokesman that some interpreted as the government leaving open the possibility of further easing by the Bank of Japan, following remarks earlier in the week suggesting that was no longer the ... Read More »

US dollar strengthens against yen, touches ¥118.11 from ¥117.78

LONDON: The dollar was advanced against the yen in Asian trade Wednesday, as shareholders wait for the results of the Federal Reserve’s policy meeting later in the day, as well as a series of U.S. monetary data. The dollar USDJPY, +0.17% were at ¥118.11 compared with ¥117.78 late Tuesday in New York. Amid a lack of fresh cues, the greenback ... Read More »

China currency rank at 5th place in global currencies

BEIJING: China’s currency, yaun, has become the fifth widely used currency in global currencies. Now yaun trails the US dollar, the euro, the pound and Japan’s yen in popularity. The Society for Worldwide Interbank Financial Telecommunication said that yuan passed the Australian and Canadian dollars in popularity in December. Beijing is gradually easing controls on the yuan and encouraging its ... Read More »

Dollar tumbles against Yen in Asian trade

NEW YORK: The dollar declined against the yen in Asian trade on Tuesday, with remarks by a Japanese government minister about the Bank of Japan’s 2% inflation target. Economy minister Akira Amari said Tuesday that the central bank was not constrained by a loose schedule of about two years for achieving its inflation goal, pointing to falling energy prices as a ... Read More »

Yen strengthens against dollar after 3 days

BEIJING: The yen became stronger versus dollar, snapping a three-day fall, after the Bank of Japan (BOJ) abstained from adding a stimulus plan that had sent the currency reducing when it was extended in October. Australia’s dollar climbed and New Zealand’s currency rallied after stocks in Asia advanced, reviving demand for higher-yielding assets. The euro rose before the European Central ... Read More »