The dollar showed cautious trading on Tuesday, failing to gain significant momentum from an uptick in US Treasury yields. Despite this, the Japanese yen faced continued pressure, hovering near multi-decade lows and prompting market watchers to stay vigilant for potential intervention signals.

The Japanese yen struggles amid rising US treasury yields: Report

Japanese Finance Minister Shunichi Suzuki has said there were speculative moves behind recent Yen declines. He asked authorities to remain on standby to intervene in the highly volatile currency market.

Japan: Finance minister on weak Yen

Japan's Yen dropped to its lowest level since 1990 on Wednesday before rebounding slightly. With the currency hitting a 34-year-low, Japanese authorities are now likely to intervene in the forex market. The dollar reached 151.975 yen, its strongest against the yen since mid-1990, before easing 0.13% to end at 151.36.

Japanese Yen drops to its lowest level since 1990

The dollar climbed on Wednesday in the wake of more strong U.S. economic data, nudging the Japanese yen to a 34-year low and into the zone that drew official market intervention in 2022.

Yen hits 34-yr low ahead of key US inflation test

Japan is no longer the third-largest economy in the world. The Asian country has lost that position to Germany, after contracting for the last six months of 2023 and consequently slipping into a recession.

Japan slips into recession, overtaken by Germany as third largest economy

The US dollar surged to three-month highs on Tuesday, propelled by robust inflation data that exceeded economists' expectations for January. According to Reuters, the Consumer Price Index (CPI) reported a 0.

US dollar hits 3-month high on strong inflation data, surpasses 150 yen mark

The yen found itself hovering near a 10-week low on Friday, while the dollar continued its upward trajectory towards a fourth consecutive weekly advance. According to a Reuters report, the currency market witnessed adjustments as traders recalibrated their expectations concerning the timing of interest rate changes by the Bank of Japan (BOJ) and the potential for rate cuts by the Federal Reserve.

Yen nears 10-week low, dollar strengthens as traders adjust rate expectations

Japan's leading automaker, Toyota has revised its full fiscal year profit forecast upwards following robust earnings in the October to December quarter, where profits nearly doubled compared to the previous year.

Toyota boosts profit outlook as earnings surge, fuelled by weak yen: Report

The yen ended its worst week against the U.S. Dollar in sixteen months as the bank of Japan's likely decision to abandon negative rates was tempered by the economic effects of a strong earthquake. Following the release of important U.S. Labour and ism services data, the currency fluctuated sharply, falling as much as 0.9% against the dollar on Friday before closing the day essentially unchanged.

Japan Earthquake: Yen closes worst week since 2022

Asset managers are turning bullish on the Japanese's yen, marking the first optimistic turn since may. This change in sentiment comes as the U.S. Federal reserve and the bank of Japan are anticipated to reverse their monetary policy paths, narrowing the gap between the two. Hedge funds are also showing less pessimism towards the yen, and Morgan Stanley predicts record Japan revenue in the coming year due to the central bank's supportive policies.

Money managers bet big on the Yen for first time since May

The Yen's three years of sharp drops are expected to come to an end in 2024 as the monetary policy gap starts to narrow. According to a bloomberg survey, analysts expect the yen to appreciate as the Bank of Japan is expected to end its decades-long negative interest rate regime.

Prolonged slump in the Yen expected to end next year

Yen to rally as Bank of Japan moves away from easy policy

Toyota Motor has reported a remarkable surge in its second-quarter profit, more than doubling its earnings while significantly revising its full-year outlook. The substantial boost in profits is attributed to a weaker yen currency, which has amplified the impact of robust global sales.

Toyota achieves impressive Q2 profit amid weak yen and growing hybrid demand 

Takehiko Nakao, the former Asian Development Bank chief, has raised concerns about the Japanese yen's declining value, suggesting that Japan may need to intervene in the currency market again.

Japan contemplates yen intervention and policy shift as economic concerns mount

Panasonic reported a 42% surge in first-quarter operating profit, buoyed by a weaker Yen and stronger sales in its automotive and energy segments. Panasonic’s operating profit came to $637 million in the three months to end-June, almost exactly in line with analyst forecasts. Overall, first-quarter operating profit of the battery unit came to $206 million, jumping more than 80% from the same period the previous year.

Panasonic’s Q1 profit surges 42% | World Business Watch

Japan's central bank left its ultra-easy monetary policy unchanged, a move that sent the yen plunging, despite heavy speculation it could again tweak a key lever.

Bank of Japan sticks to easy policy, defies market speculation

The Bank of Japan in its policy statement on Tuesday shocked markets by expanding its target band for interest rates, causing the yen to rise, bond yields to go up and stock prices to fall.

Japan's central bank shocks markets with yield policy change, yen strengthens  

Japan and a weak Yen has pushed up cost of imported commodities in the country, they were already surging due to global supply constraints now. This has led to the jump in Japan's core consumer inflation that has accelerated to 40-year high.

World Business Watch: Japan's inflation hits 40-year high; commodities price surge

The Japanese government spent at least $42.8 billion (a record 6.35 trillion yen) in the month of October to bolster the country’s currency, the yen, said a report released by the country’s Ministry of Finance, on Monday.

Japanese government spent more than $40 billion to bolster the yen in October

Many financial institutions have predicted that the world is headed for another recession. As rising inflation leads to a hike in interest rates, companies across the world have announced a freeze in hiring and planning to downsize their staff.

Five signs why global economy is headed for recession

Amid fears of a global slowdown compounded by investors' risk aversion to equity markets, Rupee tumbled to a new low on Monday. Reportedly, the Indian currency fell 38 paise to hit an all-time low of 81.

Rupee tumbles to a new record low. Closes at 81.62 per dollar

Japan's core consumer inflation quickened to 2.8% in August to hit the fastest annual pace in nearly eight years. This is as price pressure from raw materials and yen weakness broadened.

World Business Watch: Japan's August consumer inflation hits near 8-year high

Japan's core machinery orders extended gains in July, raising hopes business growth spending may offset near-term headwinds from a global economic slowdown and a weaker yen.

World Business Watch: Japan's machinery orders post surprise gains in July

The yen plunged to a 24-year low versus the dollar on Thursday as markets battled inflation fears and another significant Chinese city went into lockdown. The world's stock indexes mainly declined during this day.

Japanese Yen tumbles to 24-year low against dollar as market grapples with inflation

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