LONDON, April 12 (Reuters) – The dollar inched lower against
the yen on Friday as investors took profit on its recent surge,
but the Bank of Japan’s radical policy drive to beat deflation
looked set to keep the 100 yen level firmly within its sights.
The greenback has gained more than 7 percent from about
92.90 yen since the BOJ pledged last week to inject about $1.4
trillion into the Japanese economy in less than two years to
achieve its target of 2 percent inflation.
LONDON, April 10 (Reuters) – The yen hit a three-year low
against the euro and edged closer to 100 to the dollar on
Wednesday, extending a slide triggered by the Bank of Japan’s
radical monetary easing.
Gains against the yen helped push the euro to a one-month
high against the dollar. The single currency has been supported
in recent days by market speculation that Japanese investors
looking for higher returns may opt for euro zone assets.
LONDON, April 9 (Reuters) – The dollar hit a four-year high
against the yen on Tuesday, stalling just shy of the 100 mark
and tipped to rise further, though it could face some resistance
given the rapid pace of its ascent.
Analysts said option barriers at 100 yen and traders taking
profits has slowed the yen’s fall, but it was only a matter of
time before it broke lower again following the aggressive easing
measures announced last week by the Bank of Japan.
LONDON (Reuters) – Sterling fell against the dollar and the euro on Monday as investors and speculators remained cautious about the Britain’s economic outlook and on prospects of further easing by the Bank of England.
The dollar was helped by its gains against the yen after the Bank of Japan began buying government bonds as part of its aggressive stimulus policy to fight deflation which drove the Japanese currency lower across the board.
LONDON (Reuters) – The yen recovered against the dollar on Friday as investors and speculators took profit on its slide to a 3-1/2 year low on the Bank of Japan’s surprisingly radical monetary expansion drive.
It could gain further against the dollar if U.S. jobs data due later on Friday disappoints.
LONDON (Reuters) – Sterling rose against the dollar and the euro on Thursday after the Bank of England refrained from pumping in fresh stimulus into Britain’s struggling economy and kept rates on hold as widely expected.
Traders said sterling rose by a few pips after the decision as some market players had priced in a small chance the central bank might surprise by expanding its bond purchase programme from the present 375 billion pounds.
LONDON (Reuters) – Sterling pared losses against a broadly stronger dollar on Thursday after Britain’s dominant services sector clocked its strongest expansion in seven months, raising hopes the economy might avoid another recession.
The Markit/CIPS Purchasing Managers’ Index (PMI) for the service sector climbed to 52.4 in March from 51.8 in February, moving further above the 50 mark that separates growth from contraction.
LONDON (Reuters) – The yen and euro traded in narrow ranges on Wednesday, with investors reluctant to second-guess central bankers in the run-up to tricky monetary policy decisions in Tokyo and Frankfurt.
The yen held close to a one-month high against the dollar as markets took the view that the Bank of Japan might fall short of expectations for aggressive easing on Thursday.
LONDON (Reuters) – The euro traded near four-month lows against the dollar on Thursday, remaining vulnerable to the crisis in Cyprus where banks reopened after the imposition of capital controls.
The euro has been undermined this week by concerns that Cyprus’s $10 billion euro rescue deal, which will leave big depositors and private bondholders with huge losses, could become a template for future bank bailouts in the euro zone.
LONDON (Reuters) – Sterling traded near a two-month high versus the euro on Wednesday as the single currency was weighed down by concerns that Cyprus’s rescue deal could burden private investors for future bailouts.
Renewed political uncertainty in Italy, which was increasingly unnerving investors and dented demand at an Italian bond auction, also helped to push the euro to sub-$1.28 levels against the dollar earlier in the day.