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The yen has hit its lowest level in 33 months against the euro and the US dollar as investors expect a new governor of the Bank of Japan to be more receptive to aggressive monetary easing. On Tuesday, current governor Masaaki Shirakawa announced he would be ending his term three weeks earlier than expected on 19 March. A meeting next week...

This week’s announcement by the Bank of Japan that monetary easing efforts will be less aggressive than expected saw the US dollar drop against the yen. The BOJ is under pressure from the new government to act decisively to pull the country’s economy out of recession. The central bank said it will double its target for inflation and...

The yen has gained for a second day after Akira Amari, Japan’s Economics Minister, warned the currency’s weakness could push up the price of imports and damage people’s livelihoods. State Street’s head of forex, Kimihiko Tomita, said the yen had fallen quickly, adding that if it falls to quickly a reversal could be equally fast....

The dollar has edged up against the yen as buyers are attracted to the US currency as further monetary easing is expected by the Bank of Japan. Having slipped to 86.83 yen the dollar ended by pulling back 0.3 per cent to 87.38 yen. On Friday the greenback managed its highest position since July 2010 at 88.48 yen. Credit Agricole’s global...

The markets are looking to riskier assets as the yen and dollar drop and the US avoids the so called fiscal cliff. Tax increases have been agreed to by Congress that will hit the nation’s wealthy. The agreement will mean the US will now not fall into recession. The euro is currently at its highest level against the yen since July 2011...

The yen has hit its lowest level in 20 months as Shinzo Abe prepares to return as prime minister. The Liberal Democratic Party won a landslide victory at the polls earlier in the month and the party’s leader has promised to weaken the currency and introduce stronger fiscal measures in order to stimulate growth. Activity in most global...

Expectations that the US Federal Reserve will introduce further economic stimulus measures have seen the dollar drop against the euro. The single currency has also been strengthened by positive economic sentiment coming out of Germany. The fourth-quarter has seen the euro strengthen by 1.2 per cent and more bond buying by the US central...

As the US moves towards an end-of-year fiscal cliff of spending cuts and rising taxes the dollar has weakened against the yen. In Asia on Wednesday trading was down by 0.30 per cent to 81.86 having hit a session high of 82.21 and a low of 81.79. Investors are looking for safe havens as many believe lawmakers in the US will now not have...

The yen has dropped against a number of other major currencies as expectations are that Japan will pursue aggressive stimulus measures to kick start the economy if Shinzo Abe, leader of the opposition, becomes the next prime minister. The US dollar rose 0.18 per cent against the yen to end at 81.82. Earlier in the week the Bank of Japan...

The US dollar has fallen slightly against a basket of other currencies as investors bet that the currency has risen too fast recently against a background of debt problems in Europe and continuing economic uncertainty at home. However, all eyes are now on who will be leading the country as Americans await the results of the presidential...