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The Dollar/Yen was mostly rangebound last week, but still managed to close higher on the back of rising U.S. Treasury yields and increased demand for risky assets.
Geographic Diversification: USDOLLAR shares exposure to currencies in both Europe (Euro and Pound sterling) and the fast-growing Asia-Pacific regions (Japanese Yen and Australian Dollar), with an even 25% weighting in each currency at inception. The USDX, reflecting its inception in 1973, is very heavy in European currencies, with a 58.6% ...
The dollar strengthened against the yen on Friday, but remained on track to end the week lower after a six-week winning streak, as investors await Donald Trump's presidential inauguration and ...
When MacArthur and the US forces entered Japan in 1945, they decreed an official conversion rate of 15 yen to the USD. Within 1945–1946: the rate tanked to 50 yen to the USD because of the ongoing inflation. During the first half of 1946, the rate fluctuated to 66 yen to the USD and eventually plummeting to 600 yen to the dollar by 1947 ...
In the modern world, most of the world's currencies are floating, and include the most widely traded currencies: the United States dollar, the euro, the Swiss franc, the Indian rupee, the pound sterling, the Japanese yen, and the Australian dollar.
The Australian dollar dropped sharply against the U.S. dollar as the Reserve Bank of Australia softened its tone on the inflation outlook. Its rally the day before sparked by China stimulus ...
The market convention is to quote most exchange rates against the USD with the US dollar as the base currency (e.g. USDJPY, USDCAD, USDCHF). The exceptions are the British pound (GBP), Australian dollar (AUD), the New Zealand dollar (NZD) and the euro (EUR) where the USD is the counter currency (e.g. GBPUSD, AUDUSD, NZDUSD, EURUSD).
The remark triggered a sharp yen fall to near 146 to the dollar, from around 144, forcing the government to intervene to prop up the currency for the first time in 24 years. Analysis-Weak yen ...