Asian currencies slightly rose as U.S. yields increased, prompting Thailand's and China's central banks to stabilize their currencies, while the Philippines' central bank stated it may intervene to support its currency; additionally, traders are anticipating the U.S. Federal Reserve's symposium in Jackson Hole, Wyoming.
The combined footprint of Japan and China in the US Treasury market is at its lowest on record, leading to speculation that they may sell dollars and liquidate US Treasuries to support their currencies without causing significant market disruption.
The US dollar was cautious as traders awaited economic data, while the yen struggled near intervention levels as the dollar remained strong.
Asian equities rise to two-week high and dollar wobbles as weak US jobs data suggests the Federal Reserve may halt interest rate hikes.
The US dollar experienced a major technical reversal due to a weaker JOLTs report, leading to a drop in US interest rates, while market positioning played a role in the price action; the focus now shifts to personal consumption figures and US jobs data, with the euro and sterling firm but most other G10 currencies softer, and emerging market currencies mixed. In Asia, most large bourses advanced, but Europe's Stoxx 600 fell after rallying in previous sessions, while US index futures traded softer; European bonds are selling up, gold is consolidating, and oil prices are firm. Australia's CPI slowed more than expected, China is expected to release the August PMI, and Japan reports July retail sales. The US dollar has seen no follow-through selling against the yen, yuan, or Australian dollar, while the euro and sterling staged impressive price action. The JOLTS report saw the dollar and US rates reverse lower, and today the US reports advanced merchandise trade figures for July, with the Canadian dollar as the worst performing G10 currency yesterday.
Asian stocks may face a volatile session as investors monitor U.S. economic data, a second China manufacturing PMI reading, and the U.S. employment report, with any indication of central bank leaders approaching the end of tightening likely to generate risk appetite.
Asian stocks are poised for modest gains as traders consider US jobs data suggesting the Federal Reserve may be close to the end of its tightening cycle.
Asia stocks fall as weak economic data in China and Europe raise concerns over global growth, while the dollar strengthens as investors assess the outlook for U.S. interest rates.
The Japanese yen has reached a 10-month low against the US dollar, while the euro and sterling remain near three-month lows, as investors show confidence in the US economy despite global growth concerns.
Asian markets are weighed down by concerns over high U.S. bond yields, a strong dollar, China's economic struggles, and rising oil prices.
Asian equities face a cautious start to trading while the yen strengthens following potentially hawkish remarks from the Bank of Japan governor, with futures for Australia slightly higher, US-listed Chinese stocks falling, and contracts for Japan showing a small gain.
Asia stock markets are softer ahead of U.S inflation data, with investors looking for signals about the Federal Reserve's next moves on interest rates.
Asian currencies saw mixed movements against the US dollar, with the Japanese yen and Singapore dollar strengthening, while the Taiwanese dollar and Indonesian rupiah weakened.
The Japanese yen strengthens against the US dollar as Bank of Japan Governor Kazuo Ueda hints at a potential shift away from negative interest rates.
Asian stock markets rose slightly as comments from central banks in China and Japan interrupted the dollar's rally, while investors awaited U.S. inflation data that could impact future Federal Reserve rate hikes.
Asian shares open cautiously as central bank meetings, including the Federal Reserve and Bank of Japan, loom; oil prices near 10-month highs and the US dollar remains strong.
The US dollar remains stable in Asian trades as the yen and sterling experience slight fluctuations due to upcoming central bank meetings, including the Bank of Japan's policy meeting, the US Federal Reserve's hawkish pause, and the Bank of England's possible interest rate increase.
The US dollar remained strong against other currencies as traders awaited the Federal Reserve's rate decision, while the yen hovered near a 10-month low amidst speculation of intervention.
Asian currencies showed mixed performance against the U.S. dollar, with the yen and yuan experiencing slight declines while the rupee remained stable.
The Japanese yen remains weak against the U.S. dollar due to high U.S. Treasury yields and anticipation of the Bank of Japan maintaining its current monetary policies, while the dollar is boosted by the prospect of higher U.S. interest rates.
Asia-Pacific markets are mixed as investors await inflation data from Singapore, Australia, and Japan, with Japan's inflation data for the Tokyo region seen as a leading indicator of nationwide trends.
The Japanese yen is approaching the key level of 150 per dollar, increasing the likelihood of forex intervention by Japanese authorities, while the US dollar continues its gains after the Federal Reserve signaled a longer period of higher interest rates.
The US economy's growing debt and slow growth may lead to a "long, slow grind," while regional blocs in Asia and Europe pose a threat to the dollar's status as the global currency.
Most Asian currencies, including the Thai baht and Malaysian ringgit, weakened against the US dollar as the greenback continued to strengthen due to hawkish Federal Reserve rhetoric and rising US Treasury yields, leading to concerns over inflationary pressures in net importers such as Thailand and India.
Asian stocks drift lower amid fears of higher US interest rates and concerns over China's property market, with Japan's Nikkei 225 being the worst performer; uncertainty over China also trims gains for Australia's stock index.
Asian currencies, including the Malaysian ringgit, rose in holiday-thinned trading despite a challenging week for regional currencies due to hawkish U.S. Fed rhetoric and surging oil prices, while the U.S. dollar index remained largely flat and Asian stocks mostly traded higher.
Japanese stocks soar as the yen reaches its lowest point in nearly a year and the US avoids a government shutdown, while other equity markets in the region remain mixed.
Gold and silver prices are falling due to a strong U.S. dollar, rising U.S. Treasury yields, and upbeat risk attitudes, while Asian and European stocks are mixed, and the Bank of Japan is monitoring the depreciation of the yen against the U.S. dollar.
Asian shares slide to their lowest this year as concerns over higher U.S. interest rates and a wobbling yen keep traders on high alert.
Asian currencies against the dollar remained relatively stable, with minimal changes observed in the latest rates, according to data compiled by Reuters.
Asian shares slide on stronger-than-expected U.S. consumer prices, increasing the likelihood of the Federal Reserve keeping rates higher for longer.
Asian policymakers are using unconventional measures, such as bond sales, to protect their currencies from the impact of rising US interest rates and global tensions, which are causing outflows from the region's lower benchmark rates; while these measures don't replace the use of foreign-exchange reserves, they reduce the amount needed.
