The Japanese yen dropped further in value against the dollar following U.S. Treasury Secretary Scott Bessent’s refusal to intervene in saving the faltering currency. The USD/JPY pair has fallen to historic lows recently due to policy decisions by the Japanese government and central bank.

By Rocky Swift TOKYO, Jan 30 (Reuters) - Japan refrained from intervening in currency markets through last week, official data showed on Friday, confirming that the government's efforts to defend the yen have been limited to verbal warnings.

The CBC’s letter to the Economist was like waiving a red flag in front of a bull, especially when the regulators are rigging the hedging market.

Emerging market debt has weathered a long stretch of tight financial conditions - marked by a strong US dollar, higher global rates, and uneven post-pandemic recoveries. With the dollar softening and policy rates beginning to ease, investors are warming up ...

The yen found some support on Friday as Japanese officials stepped up their verbal intervention to stem the currency's decline, even as the greenback headed for its biggest weekly rise in six weeks. Against other major currencies, the U.S. unit was well ...

(Bloomberg) -- Investors in Argentina began to anticipate a subtle policy change as President Javier Milei seemed to ease his control of how many pesos circulate in the economy, a trade-off between inflation and economic growth ahead of October midterm ...

Japan may be closer to intervening in the currency market than many investors assume, a government panel member suggested, as the yen continues to drift toward 160 per dollar. “Japan has such an enormous amount of foreign reserves,” Takuji Aida, chief ...