Oil price, Asian stocks and bond yields were trading marginally higher on Friday ending the week on positive mode. Japanese currency Yen continued to rise against US dollar and this also further aided Asian stocks.
Tags: Japanese Yen
High-Tech Yen Bills: Japan Issues First Set of New Banknotes in 20 Years With Hologram Portraits
The first new banknotes of Japan in 20 years have finally hit circulation this week. The first new banknotes of Japan in 20 years have finally hit circulation on Wednesday, July 3.
Japanese Yen Falls to Lowest Against Dollars Since 1986; Currency Markets Now on Alert
The Japanese yen has reached its lowest against the dollar since 1986, mostly due to the interest rate gap, prompting concerns over potential intervention by Japanese authorities.
Bank of Japan Announces 11-Year High in 10-year Government Bond Yield
The 10-year Japanese Government Bond (JGB) rose to its highest level in 11 years since a similar rating was recorded back in 2013.
Japan's Finance Minister Stresses Close Coordination with Bank of Japan
Japanese Finance Minister Shunichi Suzuki told reporters about the importance of the government cooperating and coordinating its financial goals with the Bank of Japan.
Latest News
Profit booking pulled yellow metal on Monday below psychological mark-$1,250 an ounce. Gold price fell for four weeks in the past five weeks.
US dollar against Yen is rising as renewed buying support is propelling Japan's Nikkei index upwards. The priority shift among some investors from traditional safety net of Japanese currency to equities was the major reason on Nikkei's rise. The market players are eagerly waiting for the outcome of G-20 meeting this weekend in Shanghai.
The Asian market open lower on Tuesday as investors start to weigh in again the possibilities of a weak economy sign in China. The market fell to its three-week low and is raising concern in the U.S too causing a substantial loss in the Wall Street.
The world's second largest economy China has to wait for one more year to make its currency 'Yuan' a part of International Monetary Fund's (IMF) currency basket. Dashing the dragon country's hopes, IMF's board favored a decision to keep renminbi as it is until 30 September 2016 year.
Nearly USD1 billion would be the settlement amount to be paid by Rabobank for allegations of interest rate manipulation for the Japanese yen.
1
