Salarymen scrolling through their phones on the subway are a common sight in Tokyo, but they aren’t all playing Pokémon Go many are on trading apps, aggressively buying and selling the yen to profit from short-term swings. Retail currency traders are having a field day as speculation mounts that the Bank of Japan (BOJ) is getting
The yen is set to gain ground in 2023 in a sharp turnaround from a plunge to a 32-year low against the U.S. dollar, keeping Tokyo stocks subdued coupled with a gloomy global economic outlook.
TOKYO. KAZINFORM - The yen hit a one-month low around the mid-132 range against the U.S. dollar on Monday after a report over the next Bank of Japan chief fueled speculation about continued monetary easing in the country, Kyodo reports.
The yen is set to gain ground in 2023 in a sharp turnaround from a plunge to a 32-year low against the U.S. dollar, keeping Tokyo stocks subdued coupled with a gloomy global economic outlook.