Charlotte's Feed
Sep 17, 2010

Dollar steady vs yen but slides against others

TOKYO, Sept 17 (Reuters) – The dollar held near a one-month
high against the yen on Friday, capped by technical hurdles on
the charts and expected sales by Japanese exporters but supported
by caution that Japan could resume yen-selling intervention.

It fell against other majors, however, with the euro surging
0.5 percent to a one-month high, helped by buying by long-term
investors, dealers said, while sterling also hit its highest in a
month on the greenback and the yen fell on the crosses.

Sep 17, 2010

Dollar steady vs yen but market wary of intervention

TOKYO, Sept 17 (Reuters) – The dollar held near its highest
in a month against the yen on Friday, capped by chart points and
expected sales by Japanese exporters but supported by wariness of
Japanese yen-selling intervention.

The euro hovered below a one-month high on the dollar and yen
after strong demand at a Spanish bond auction and after the Swiss
central bank predicted a marked slowdown in growth and lowered
its inflation forecast, sending the Swiss franc down and boosting
the euro. [ID:nLDE68D1IK]

Sep 16, 2010

Japan PM says ready to step into forex markets again

TOKYO/WASHINGTON (Reuters) – Japan’s bold strike to weaken its currency on Wednesday sent the yen tumbling more than 3.0 percent against the U.S. dollar, but unsettled allies who feared the unilateral move may complicate efforts to restore balanced global economic growth.

Japan unleashed waves of yen selling, estimated at more than $20 billion (12.8 billion pounds), which spread from Tokyo through New York trading. The sales, conducted alone without help from its Group of Seven partners, are expected to continue in the days ahead, Japanese news agency Nikkei reported.

Sep 15, 2010

Japan intervenes for 1st time in 6 years to cap yen

TOKYO, Sept 15 (Reuters) – Japan stepped into the currency
market on Wednesday for the first time in six years, selling
yen to stem a rise that is threatening a fragile economic
recovery.

The dollar extended its gains after intermittent yen
selling and was up 2 percent on the day and nearly two yen
above a 15-year low. But it was unclear whether Prime Minister
Naoto Kan’s government had the stomach for a prolonged campaign
similar to Japan’s last foray into foreign exchange markets in
2003-2004.

Sep 15, 2010

Dollar shaky but stable after QE talk

TOKYO (Reuters) – The dollar remained vulnerable to further selling pressure on Wednesday after hitting a 15-year low against the yen and a two-year low against the Aussie on talk the Federal Reserve could be nearing more quantitative easing.

The greenback teetered above 82.92 yen, the trough set on Tuesday, under pressure from a fall in U.S. bond yields and as the market probes how far Tokyo will let the yen strengthen before it pulls the trigger on yen-selling intervention.

Sep 15, 2010

Dollar shaky but stable after QE talk, chart breaks

TOKYO, Sept 15 (Reuters) – The dollar remained vulnerable to
further selling pressure on Wednesday after hitting a 15-year low
against the yen and a two-year low against the Aussie on talk the
Federal Reserve could be nearing more quantitative easing.

The greenback teetered above 82.92 yen JPY=, the trough set
on Tuesday, under pressure from a fall in U.S. bond yields and as
the market probes how far Tokyo will let the yen strengthen
before it pulls the trigger on yen-selling intervention.

Sep 13, 2010

Euro tests $1.28 as China, Basel, lift risk mood

TOKYO, Sept 13 (Reuters) – The euro surged on Monday as
positive market sentiment following upbeat Chinese data and a
lack of surprises from new banking rules tripped automatic buy
orders and sent it 1 percent higher against the dollar.

The upbeat economic numbers out of China also propelled the
Australian dollar to its highest in four months against the
greenback as share markets around Asia rose on positive risk
sentiment and the low-yielding yen retreated.

Sep 13, 2010

Euro surges; China, no Basel surprises, lift mood

TOKYO (Reuters) – The euro surged on Monday as positive market sentiment following upbeat Chinese data and a lack of surprises from new banking rules tripped automatic buy orders and sent it nearly 1 percent up on the dollar.

The upbeat economic numbers out of China also propelled the Australian dollar to its highest in four months against the greenback, as share markets around the region rose on positive risk sentiment, and the low-yielding yen retreated.

Sep 8, 2010

Dollar hits 15-year low vs yen and euro struggles

TOKYO (Reuters) – The dollar dropped to its latest 15-year low on the yen on Wednesday and the euro struggled near record lows against the Swiss franc as the market weighed whether to sell it further on euro zone banking worries.

The market is trying to ascertain how risk-averse it should be after a report reignited concerns about European sovereign debt and banks’ exposure on Tuesday, sending stocks down and lifting the low-yielding, safe-haven yen, franc and dollar.

Sep 8, 2010

Dollar hits 15-yr low vs yen, euro struggles

TOKYO, Sept 8 (Reuters) – The dollar dropped to its latest
15-year low on the yen on Wednesday and the euro struggled near
record lows against the Swiss franc as the market weighed whether
to sell it further on euro zone banking worries.

The market is trying to ascertain how risk-averse it should
be after a report reignited concerns about European sovereign
debt and banks’ exposure on Tuesday, sending stocks down and
lifting the low-yielding, safe-haven yen, franc and dollar.