yen

The U.S. Federal Reserve joined other Group of Seven central banks in intervening in currency markets to help weaken the Japanese yen on Friday, a New York Federal Reserve spokesman told Reuters.

A massive selloff on the Tokyo Stock Exchange wiped out some 23.5 trillion yen ($287 billion) from the market's value on Monday with investors dumping stocks as the country recoiled from a devastating earthquake and struggled to avert nuclear disaster. The selloff triggered record volumes and...

Despite intervention, the Japanese yen continues to power on. For Yoshihiko Noda, Japan's finance minister, the G20's weekend warning against disorderly exchange rate movements suggested the yen might enjoy a "more stable" relationship with the dollar and euro. That looks unlikely -- at least...

Stocks up modestly NEW YORK, U.S. markets rose modestly Monday even though the National Association of Home Builders said its business confidence index dropped in July. NAHB said its index dropped for the second consecutive month, hitting a low unseen since April 2009. Investors mostly...

Markets make some headway NEW YORK, (UPI) -- U.S. stock markets steamed higher Wednesday, making up the ground lost during early trading in the previous trading session. The Dow Jones industrial average, led by American Express Co.'s 3.14 percent gain, was firing on all cylinders with 30 of...

Stock indexes close week mixed NEW YORK, (UPI) -- U.S. stock indexes finished Friday mixed as investors breathed a sigh of relief on a new financial regulation overhaul bill. The Dow Jones industrial average closed down 8.99 points, off 0.09 percent, and ended the session at 10,143.81 points...

Markets start week with gains NEW YORK, (UPI) -- U.S. markets rose tentatively Monday, following an upswing in Asia and Europe as France joined a growing list of countries proposing to cut government spending. The French austerity package would cut spending and raise revenue for a combined...