(Update 4) Dollar Tops 158 Yen for 1st Time in 34 Years
New York, April 26 (Jiji Press)--The dollar rose above 158 yen for the first time in about 34 years in New York trading Friday after the Bank of Japan held interest rates steady.
The dollar stood at 158.32-42 at 5 p.m., up 2.73 yen from the same time on Thursday.
The selling of the yen against the dollar accelerated after the BOJ kept its monetary policy unchanged at a two-day policy meeting that ended Friday.
At a press conference following the meeting, BOJ Governor Kazuo Ueda said that the yen's current weakness is not significantly affecting Japan's underlying inflation. This remark fueled speculation that the Japanese central bank will delay an interest rate hike.
Meanwhile, the U.S. personal consumption expenditures price index for March, released on the day, showed persistent inflation in the United States, diminishing hopes for an interest rate cut by the Federal Reserve.
(2024/04/27-12:37)
To read a full story, please click here to find out how to subscribe.
NATION
- 05/09 10:40 Hayao Miyazaki's "Spirited Away" Arrives at London's West End
- 05/09 10:30 Japan Local Govts Support "Shukatsu" End-of-Life Preparations
- 05/09 09:51 80 Years On, Memorial Built for Victims of Fierce Battle in India
- 05/08 22:58 Japan Ruling Parties Remain Apart on Funds Law Revisions
- 05/08 21:52 Governor Ueda Says BOJ Closely Monitoring Yen's Weakness
- 05/08 20:36 Minister Apologizes for Interrupting Minamata Disease Sufferers' Speeches
- 05/08 19:04 (Update) Japan Opposition Ask for Ethics Panel Review of 44 Lawmakers
- 05/08 19:03 (Update) Developer Sees Hokkaido Shinkansen Extension in FY 2030 Unlikely
- 05/08 17:35 Developer Sees Hokkaido Shinkansen Extension in FY 2030 Unlikely
- 05/08 16:48 Japan Opposes Israeli Ground Operation in Rafah
- 05/08 16:05 4 Chinese Ships Sail in Japanese Waters near Senkakus
- 05/08 15:47 Japan Opposition Ask for Ethics Panel Review of 44 Lawmakers
- 05/08 13:35 Japan Forecast to Have 5.8 M. Dementia Patients in 2050
- 05/08 13:12 BOJ's Ueda Mentions Possible Need for Action over Yen Weakness
- 05/08 09:44 Interparty Talks on Shrinking Imperial Family May Start Next Week
- 05/07 23:07 (Update) BOJ to Closely Monitor Yen's Weakness: Gov. Ueda
- 05/07 22:24 Japan Ruling Bloc Vows to Improve Policy Funds Transparency
- 05/07 21:26 (Update) Japan Skips Putin's Inauguration Ceremony
- 05/07 19:10 Court Orders Deletion of Info on Area Suffering Discrimination
- 05/07 17:23 Japan to Skip Putin's Inauguration Ceremony
- 05/07 15:59 TEPCO Finishes 1st Treated Water Discharge of FY 2024
- 05/07 15:35 Cambridge Students Experience Japanese Traditional Storytelling
- 05/07 15:34 Osaka Expo to Offer Cutting-Edge Entertainment Experience
- 05/07 13:58 Anti-Infection Measures Still Needed 1 Year after COVID Downgrade
- 05/07 11:56 6th Person Arrested over Burned Bodies Found in Eastern Japan
- 05/07 11:00 Kamikawa Supporting Struggling Kishida Govt on Diplomatic Front
- 05/07 02:19 5th Person Arrested over Burned Bodies Found in Eastern Japan
- 05/07 00:40 (Update) LDP Eyeing Disclosure of Usage of Policy Activity Funds
- 05/06 23:17 EU Approves Nippon Steel's Acquisition of U.S. Steel
- 05/06 20:56 (Update) Rapidus Gearing Up for Mass Production of Next-Generation Chips
- 05/06 20:52 Kishida Urges LDP to Expedite Political Funds Law Revision Talks
- 05/06 13:30 Many Banks in Japan Raise Deposit Rates after BOJ Action
- 05/06 12:10 Bar Associations in Japan Create Mascots, Logos
- 05/06 11:42 Will Tokyo Govt Building Become New Night Spot?
- 05/06 10:00 "Kodomo Shokudo" Helping Kids in Noto Quake-Hit Areas
- 05/06 09:10 Athlete, Cake Shop Worker Rank High as Dream Jobs for Japanese Kids
- 05/06 08:40 Japan Opposition Parties Seeking Early Lower House Breakup
- 05/06 07:53 Japan Foreign Chief Vows to Support Nepal's Development
- 05/05 19:08 Half of New NISA Investments Went to Japanese Stocks
- 05/05 18:45 Japan Announces Bid for 2027 ADB Meeting
- 05/05 17:16 (Update) Japan, China, S. Korea Arranging Summit for May 26-27
- 05/05 16:07 Japan, China, S. Korea Arranging Summit for May 26-27
- 05/05 15:49 Kara, Leader of Japan's Underground Theater, Dies at 84
- 05/05 12:29 Kishida to Talk with LDP Political Reform Team Members Soon
- 05/05 11:28 Kishida Interacts with Japanese Brazilians
- 05/05 10:05 Japan's Kishida Stresses Ties Based on Trust, Not Coercion
- 05/04 18:57 Volunteer Activities in Full Swing in Noto amid Golden Week
- 05/04 18:15 Japan, France to Strengthen Security Cooperation
- 05/04 17:59 Japan Child Population Down for 43rd Straight Year
- 05/04 16:59 Japan Falls to 70th in Freedom of Press Rankings
- 05/04 15:49 Japan-Chaired OECD Meeting Ends, Revising AI Guidlines
- 05/04 14:46 Tokyo Protests Biden's Description of Japan as "Xenophobic"
- 05/04 13:50 Japan, Paraguay Oppose Changing Status Quo in East Asia
- 05/04 13:22 (Update) Japan, Brazil Vow Cooperation in Fighting Global Warming
- 05/04 02:04 Kishida, Lula Vow Cooperation in Fighting Global Warming
- 05/04 00:57 (Update) Japan, China, S. Korea, ASEAN to Create New Financing Facility
- 05/03 20:11 Japan, U.S., Australia, Philippines Vow to Deepen Security Cooperation
- 05/03 18:39 Kishida Reiterates Commitment to Amending Constitution
- 05/03 10:00 Japanese Railway Firms Beefing Up Financial Services
- 05/03 09:01 Lodging in Retired "Blue Train" to Resume in Northeastern Japan
- 05/03 02:26 Japan, EU to Strengthen Supply Chains for Strategic Goods
- 05/03 01:39 Japan LDP Eyes More Disclosure on Fundraising Ticket Buyers
- 05/02 23:44 Japan Likely Spent 3 T. Yen on Forex Intervention
- 05/02 23:11 Japan, France Agree to Start Talks on Access Agreement
- 05/02 23:04 MSDF Chopper Crash Likely Caused by Human Factors
- 05/02 22:08 Japan-Chaired OECD Ministerial Meeting Kicks Off
- 05/02 21:04 Kishida Announces 8-M.-Euro Program for ASEAN Growth
- 05/02 19:55 Kishida Announces Creation of Int'l Framework on AI Rules
- 05/02 19:08 OECD Revises Up 2024 Global Economic Growth Forecast to 3.1 Pct
- 05/02 18:59 Noto Quake-Hit Cafe Owner Determined to Protect Dolphins
- 05/02 17:52 Giant "Shisa" Made with Fire-Hit Okinawa Castle Tiles in Works
- 05/02 17:28 Ex-Singapore Diplomat Questioned over Alleged Secret Photographing
- 05/02 17:11 Japan's Plan to Cut Cedars to Reduce Allergies Faces Challenges
- 05/02 14:57 Policymaker Urged BOJ to Consider Raising Rates Further
- 05/02 12:44 Japan, 49 Others Urge N. Korea to Comply with Sanctions
- 05/02 11:44 (Update) Pianist Fuzjko Hemming Dies at 92
- 05/02 10:56 Pianist Fuzjko Hemming Dies at 92
