NEW YORK -The dollar hit a fresh 38-year high against the yen on Wednesday, with investor speculation high that authorities in Japan could intervene to strengthen the Japanese currency, while global stock indexes were mixed. Japan’s top currency diplomat, Masato Kanda, said authorities were “seriously concerned and on high alert” […]
Japan
The yen inched lower toward a key level against the dollar Monday, even as Japan’s top currency official warned that authorities stand ready to intervene in currency markets 24 hours a day if necessary. “If there are excessive currency fluctuations, it has a negative impact on the national economy,” said […]
A Japan-focused stock ETF that strips out moves in the yen is undergoing a big revival, raking in flows all of a sudden as it hits record highs. The WisdomTree Japan Hedged Equity Fund hit an all-time high on May 6, having climbed roughly 45% over the past 12 months […]