34Year

Japanese Yen Surges 4.5% in Best Week in Over a Year, Defying 34-Year Low – Experts Predict Strong Rebound

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Tokyo, Japan – The Japanese yen has made a remarkable recovery, strengthening by 4.5% against the U.S. dollar and is poised to wrap up its best week in over a year. Despite hitting its weakest level since 1990 earlier in the week, the yen has shown resilience by rebounding significantly. Financial analysts, including those from BofA, suspect that Japanese authorities may have intervened in the foreign exchange market twice during the week to support the …

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Intervention Alert: Yen Plunges to 34-Year Low Against Dollar, Speculation Rises for Upcoming Week Trading

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Tokyo, Japan – The yen took a sharp dive below the key ¥160 threshold against the dollar, hitting a 34-year low and sparking speculation about potential intervention by Japanese authorities. Last Friday, the Bank of Japan’s decision to maintain interest rates added fuel to bets against the currency as it slid below ¥158. Traders are now closely monitoring the market on a national holiday in Japan, with low-liquidity centers in Korea, Australia, and Singapore contributing …

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Currency Shock: Dollar Hits 34-Year High Against Yen – Will Japan Intervene?

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Tokyo, Japan – The dollar surged to a 34-year peak against the yen in early Thursday trading, marking a significant moment in the ongoing battle between the two currencies. This move stirred speculation in the market about potential intervention by Japanese authorities to stabilize the exchange rate. The dollar climbed above ¥153 against the yen, a level that analysts had warned could trigger direct intervention from Japan. Following this surge, Masato Kanda, Japan’s vice-finance minister …

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Market Turmoil: Asian Shares Plummet as U.S. Rate Scare Sends Yen to 34-Year Low

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Stocks in Tokyo, Japan plummeted today following concerns over a potential rise in U.S. interest rates, causing the yen to hit a 34-year low. This comes amid a backdrop of uncertainty in the global financial markets, with fears of inflation and economic instability looming large. The Asian market’s downward trend was driven by the aftermath of recent events, including the South Korea election defeat, prompting the Prime Minister to offer his resignation. The impact of …

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BREAKING: Japan’s Nikkei Index Hits All-Time High After 34-Year Wait – Huge Implications!

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TOKYO, Japan – Japan’s Nikkei 225 index, which tracks the country’s largest companies, has reached record heights, surpassing its all-time high from 34 years ago during the late 1980s asset bubble. The index closed at over 39,000 points for the first time ever, marking a moment of significant achievement for the country’s stock market. The surge in the index is attributed to the strong performance of chip-related stocks, driving a powerful rally throughout 2024. Traders …

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Japan’s Nikkei 225 Surges Past 38,000, Pushes 34-Year High – Are Global Markets Prepared for What’s Next?

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TOKYO, JAPAN – The Tokyo Stock Exchange (TSE), operated by Japan Exchange Group Inc. (JPX), saw Japan’s Nikkei 225 briefly cross the 38,000 mark for the first time since the asset bubble burst in 1990. Despite rallying about 3% and reaching 34-year highs, the index was unable to sustain its run above 38,000 points, falling minutes before its close to end at 37,963.97. The Topix also climbed 2.12% to 2,612.03, also at a 34-year high. …

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