Yen rises sharply as carry trades unwind, risk mood sours
By Rae Wee SINGAPORE (Reuters) -The yen rose to its strongest level against the dollar in 2-1/2 months on Thursday and scaled multi-month highs against other currencies ahead of next…
Gold prices slide as safe haven plays favor yen; Copper losses deepen
Investing.com– Gold prices fell in Asian trade on Thursday, seeing little safe haven demand despite increasing risk-off sentiment as traders rode a sharp appreciation in the Japanese yen. A rout…
Japan’s novel FX intervention throws off investors
By Amanda Cooper and Brigid Riley LONDON/TOKYO (Reuters) -Japanese official buying to defend the yen is fast becoming a standard feature of the FX landscape in 2024, but authorities in…
Canadian wildfire reaches Jasper, firefighters battle to protect oil pipeline
(Reuters) -A wildfire reached the Canadian town of Jasper on Wednesday, one of hundreds ravaging the western provinces of Alberta and British Columbia, as firefighters battled to save key facilities…
Oil falls on weak China demand concerns, Mideast ceasefire talks
By Yuka Obayashi TOKYO (Reuters) – Oil prices eased on Thursday as concerns over weak demand in China, the world’s largest crude importer, and expectations of a nearing ceasefire deal…
Asia FX muted as dollar dips ahead of econ. data; yen surges
Investing.com– Most Asian currencies moved in a flat-to-low range on Thursday as a rout in equity markets kept traders largely averse towards risk-driven assets, while the dollar retreated ahead of…
Canada wildfire reaches Jasper, firefighters work to protect Trans Mountain oil pipeline
(Reuters) – A wildfire that prompted evacuation orders for the town of Jasper, Alberta, reached the townsite on Wednesday evening, with firefighters working to protect critical infrastructure including the Trans…
Oil prices dip as demand jitters persist; US GDP, inflation awaited
Investing.com– Oil prices fell in Asian trade on Thursday as sentiment towards top crude importer China showed little signs of improvement, while focus turned to upcoming U.S. growth and inflation…
Japanese officials quiet on forex as yen sharply rebounds
By Makiko Yamazaki RIO DE JANEIRO (Reuters) – Japanese Finance Minister Shunichi Suzuki and top currency diplomat Masato Kanda both refrained from commenting on foreign exchange on Wednesday, as the…
Oil prices ease on concerns over weak China demand, Mideast ceasefire talks
By Yuka Obayashi TOKYO (Reuters) – Oil prices eased on Thursday as concerns over weak demand in China, the world’s largest crude importer, and expectations of a nearing ceasefire deal…
