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Yen hits 38-year low, Nikkei surges as Trump risk buoys US yields

The Star LogoThe Star2d ago

Yen hits 38-year low, Nikkei surges as Trump risk buoys US yields - The Star

Quick Summary:

TOKYO: The U.S.dollar hit a near 38-year high to the yen on Tuesday following a surge in Treasury yields as investors contemplated prospects of a second Donald Trump presidency.

"Market participants continued to ignore his comments and appear to be testing the Ministry of Finance's resolve to support the JPY," said Carol Kong, a strategist at Commonwealth Bank of Australia.

The deadline to drop off the ballot is later on Tuesday.The euro eased 0.12% to $1.0727, after pushing as high as $1.0776 on Monday for the first time since June 13.


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Article Details

Category: EconomyBusiness

Markets:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-07-02 @ 15:29:00 (2 days ago)

News Timezone: GMT +8:00

News Source URL: thestar.com.my

Language: English

Article Length: 727 words

Reading Time: 5 minutes read

Sentences: 27 lines

Sentence Length: 27 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © The Star

News ID: 21456299

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About The Star

The Star Logo

Main Topics: EconomyBusiness

Official Website: thestar.com.my

Update Frequency: 43 posts per day

Year Established: 1971

Headquarters: Malaysia

News Last Updated: 23 minutes ago

Coverage Areas: Malaysia

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Local / Regional

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #22

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  • URL: https://beamstart.com/news/yen-hits-38-year-low-17199063205307

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