The US dollar hit a 20-month high against the Japanese yen into the upper 84-yen range on Tuesday on lingering expectations that incoming prime minister Shinzo Abe will intensify pressure on the central bank to further ease monetary policy. At 4:40 p.m. (0740 GMT), the dollar traded at JPY 84.81-84.86 against JPY 84.89-99 in New York at 5 p.m. Monday. Japan\'s financial markets were closed Monday for a national holiday. The greenback climbed to JPY 84.96 at one point in the morning, its highest level since April 11 last year. Liberal Democratic Party (LDP) President Abe, who is set to become the nation\'s next leader on Wednesday following the LDP\'s landslide victory in the December 16 general election, is known as his aggressive stance on monetary and fiscal policy. On Sunday, Abe warned that he will consider revising the law governing Bank of Japan if the central bank refuses to introduce a 2 percent inflation target, double its current price stability goal, at its next policy board meeting in January. Reflecting the weaker yen, buy orders overwhelmed Tokyo stocks, sending the benchmark 225-issue Nikkei Stock Average to gain 140.06 points, or 1.41 percent, from Friday to 10,080.12.
GMT 12:01 2018 Tuesday ,23 January
Bahrain Bourse daily trading performanceGMT 19:16 2018 Monday ,22 January
TRA responds to hoax Dh5,000 VPN fine SMSGMT 13:09 2018 Sunday ,21 January
Bahrain Bourse daily trading performanceGMT 13:50 2018 Friday ,19 January
US SEC says bitcoin funds raise ‘investor protection issues’GMT 06:50 2018 Friday ,19 January
European stocks mostly advance on bright global outlookGMT 09:12 2018 Thursday ,18 January
European stock markets join global downtrendGMT 17:06 2018 Wednesday ,17 January
China temporarily waives taxes to get foreign firms to stayGMT 17:01 2018 Wednesday ,17 January
JPMorgan Chase earnings drop on weak trading, tax items

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2025 ©
Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2025 ©
Send your comments
Your comment as a visitor