Results for: Japanese yen

Asian equity markets predominantly climbed on Tuesday, continuing the momentum from the previous session. This rally was influenced by a positive lead from Wall Street and eased concerns over a broader Middle East crisis. However, the Japanese yen faced a setback, weakening against the US dollar and reaching its lowest level in 34 years. Meanwhile, China announced the creation of over 3 million new urban jobs in the first quarter, while Hong Kong and India’s stock markets experienced gains. In Australia, private sector growth surpassed expectations, while U.S. stock futures showed a slight dip after a strong rebound in the previous session.

Japanese Finance Minister Shunichi Suzuki has warned that Japan may take action to stabilize the yen against excessive weakness, following a meeting with his U.S. and South Korean counterparts. This marks the strongest signal yet from Japan regarding potential intervention in the currency market.

Asian stocks rose on Tuesday, tracking Wall Street’s gains as investors awaited earnings reports from US tech giants. The MSCI Asia-Pacific ex-Japan index rose 0.5%, led by a jump in Taiwanese and Hong Kong shares. However, Chinese shares fell, with blue chips losing 0.6%. On Wall Street, big tech stocks performed well ahead of their quarterly results, with Nvidia, Amazon, and Alphabet gaining. Meanwhile, the Japanese yen fell to fresh 34-year lows against the US dollar, pressured by the widening interest rate gap between the US and Japan.

Asian shares advanced on Tuesday, tracking gains on Wall Street as investors turned their attention to upcoming earnings reports from US tech giants. The MSCI index of Asia-Pacific shares outside Japan rose 0.5%, buoyed by a surge in Taiwanese and Hong Kong stocks. Tech shares in the region performed well, while Chinese shares fell. The Japanese yen continued its decline, hitting fresh 34-year lows against the US dollar amid a diverging monetary policy outlook between the US and Europe. Oil prices recovered slightly, while gold prices declined.

Bank of Japan Governor-nominee Kazuo Ueda’s earlier comments have led to a slight decline in the USD/JPY exchange rate. However, subsequent remarks suggest a potential shift in Ueda’s stance.