The dollar also
weakened against the yen, sterling, Canadian dollar, Swedish krona and Swiss franc, which are the other index components this year.
Not exact matches
Abe's radical new economic policies, referred to as «Abenomics,» and expectations of a bold monetary policy have
weakened the
yen 21 percent
against the dollar since mid-November, while Japanese shares have surged almost 31 percent.
Acknowledging these concerns, Kuroda told lawmakers that while the BOJ is not out to
weaken the
yen specifically, it can be a side - effect if the central bank steps up its battle
against deflation.
The region - wide MSCI Asia ex-Japan index was marked 0.01 % higher by 09:00 BST while Japan's Nikkei 225 ended the session 0.2 % higher at 19,590.76 points as the
yen weakened against a resurgent U.S. dollar.
Ultimately, we see the dollar
weakening against the euro as real rates in the Euro Zone become more positive and strengthen versus the
yen because inflation in Japan is picking up due to accelerating wage growth.
As of today, the unemployment level maintains to the lowest levels since 2009, but any increase in unemployment may
weaken the European currency
against major pairs, including
Yen.
The country's healthy trade surpluses and the Plaza Accord in 1985, which sought to
weaken the U.S. dollar
against the
Yen and German Deutsche Mark, caused the
Yen currency to appreciate
against other currencies, which in turn made foreign capital investments relatively inexpensive for Japanese companies.
This reflects the fact that the US dollar has generally been
weakening against other major currencies during this period, most noticeably
against the
yen.
Most important has been the
weakening in the
yen, which fell
against the US dollar from 133 at end March to a low of 146, before intervention by the US authorities saw it recover sharply (Graph 1).
The Japanese authorities slowed the very heavy intervention they had been undertaking in earlier months and the
yen appreciated by as much as 8 per cent to 108
against the US dollar between end August and late October — its highest level for nearly three years — before
weakening a little.
Profits at Japanese automakers have surged in
yen terms as the Japanese currency
weakened against the U.S. dollar over the past year, helped by a mammoth Bank of Japan effort to expand the money supply and ignite inflation to end years of economic stagnation.
A recent rise in the value of the Japanese
yen against the U.S. dollar is adding to pressures on Japanese companies who had reaped record profits as the
yen weakened in recent years, fattening earnings brought back to Japan in
yen terms.
Even better news: The
yen has
weakened against both major currencies to ¥ 93: $ 1 and ¥ 126.5: $ 1.
Disagreements between governments on the future of the EU and economic policies will most probably result in a
weakening of the euro
against the Japenese
yen.