Page 39 - Yen News Today

The government has encouraged large oil exporters to accept the rupee to settle trades, while the RBI has allowed banks in 18 countries to open special accounts to settle transactions in rupees. But progress on turning the rupee into a hard currency has been slow so far.

Comments by Finance Minister Shunichi Suzuki came after the dollar rose to ¥154.85, its strongest levels against the Japanese currency since 1990.

GLOBAL-FOREX:Yen tumbles as markets on alert for Japan action; dollar falls after data

LONDON/NEW YORK: The yen dropped to multi-year lows against the U.S. dollar and euro on Tuesday, keeping investors...

TOKYO -- Japan's inflation rate fell in March from the previous month, as price rises for nonperishable foods and accommodation moderated, data releas

TOKYO -- Japan's inflation rate fell in March from the previous month, as price rises for nonperishable foods and accommodation moderated, data releas

WASHINGTON/TOKYO -- A yen sell-off and its effect on inflation loom large over the Bank of Japan less than a week before its first policy board meetin

Following weeks of flirting with the closely watched 152 level versus the greenback, the yen blew straight through this mark on Wednesday and all the way to 153 as US inflation data reverberated through global markets.

Japan is keeping tabs on factors driving the yen's fall relative to the U.S. dollar and will respond as appropriate to excessive volatility without ruling out any options, Finance Minister Shunichi Suzuki says

Japan will take appropriate action to counter the yen's excessive moves without ruling out any options, a senior Japanese official says after the yen plunged past 153 against the U.S. dollar overnight.