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Nov 19, 2013

Fed taper views curb dollar momentum, China reforms favor risk

TOKYO (Reuters) – The dollar was kept in check in early Asian trade on Tuesday, reflecting expectations that the Federal Reserve will keep its easy policy stance and on sharpened appetite for risk following Beijing’s announcement of sweeping reforms.

The greenback kept some distance from Monday’s 12-day low against a basket of currencies, however, following a drop in Wall Street shares from record highs late Monday and optimistic comments on the U.S. economy from Fed officials.

Nov 15, 2013

Forex-Yen slips after Yellen hearing sparks risk rally

TOKYO (Reuters) – The yen dropped to a two-month low against the dollar and a four-year trough versus sterling on Friday after Federal Reserve Chair nominee Janet Yellen’s dovish remarks boosted risk appetite, undermining the low-yielding Japanese currency.

Yellen defended the U.S. central bank’s stimulus to spur growth and called efforts to boost hiring an “imperative”, reinforcing investors’ expectations that U.S. monetary stimulus may be in place for an extended period.

Nov 15, 2013

Yen slips after Yellen hearing sparks risk rally

TOKYO (Reuters) – The yen dropped to a two-month low against the dollar and a four-year trough versus sterling on Friday after Federal Reserve Chair nominee Janet Yellen’s dovish remarks boosted risk appetite, undermining the low-yielding Japanese currency.

Yellen defended the U.S. central bank’s stimulus to spur growth and called efforts to boost hiring an “imperative”, reinforcing investors’ expectations that U.S. monetary stimulus may be in place for an extended period.

Nov 14, 2013

Asian stocks rally as Yellen backs Fed support for economy

TOKYO (Reuters) – Japanese stocks led a broad rally in Asia on Thursday, spurred by Federal Reserve Vice Chair Janet Yellen’s comments which suggested global asset markets could count on the Fed’s generous stimulus for some time.

Yellen, in remarks released ahead of her closely-watched Senate confirmation hearing from 1500 GMT to succeed Fed chief Ben Bernanke, said the Fed has “more work to do” to help the economy.

Nov 14, 2013

Asian stocks bounce as Yellen flags Fed support for economy

TOKYO (Reuters) – Asian stocks bounced from six-week lows on Thursday, spurred by Federal Reserve Vice Chair Janet Yellen’s dovish comments which suggested the U.S. economy could count on stimulus support for a longer period than markets anticipate.

Yellen, in remarks released ahead of her closely-watched Senate confirmation hearing on Thursday to succeed Fed chief Ben Bernanke, said the Fed has “more work to do” to help the economy, indicating she was in no hurry to start tapering stimulus.

Nov 13, 2013

Asian stocks set to bounce, dollar eases on Yellen’s comments

TOKYO (Reuters) – Asian share markets were set to bounce on Thursday after Federal Reserve Vice Chair Janet Yellen said the Fed has “more work to do” to help the economy, spurring U.S. stocks higher and putting the dollar on the defensive.

Yellen’s introductory remarks, released ahead of her Senate confirmation hearing on Thursday to succeed Fed Chairman Ben Bernanke, supported the current ultra-easy monetary policy stance.

Nov 13, 2013

Japan’s higher share-gains tax spurs both worries and shrugs

TOKYO, Nov 13 (Reuters) – A doubling of Japan’s capital
gains tax from Jan. 1 has stirred talk of a selloff of Japanese
stocks before year-end, as investors could reduce their burden
by shedding shares now and buying again in the new year.

But some market players say the impact of the tax rising to
20 percent might only be small, and that speculation of a major
disruption in Japanese stock and yen markets is overblown.

Nov 13, 2013

Dollar holds near 2-month high vs yen on Fed tapering view

TOKYO/SINGAPORE, Nov 13 (Reuters) – The dollar eased on
Wednesday but still clung near a two-month high against the yen,
supported by speculation that the U.S. Federal Reserve is on
course to start reducing its stimulus as early as December.

After surprisingly strong U.S. October payroll data on
Friday had many investors reassessing the timing of a Fed
tapering, attention is now on the comments that nominee Fed
President Janet Yellen will make at her Senate confirmation
hearing on Thursday.

Nov 13, 2013

Dollar near two-month high vs. yen as Fed taper betting ramps up

TOKYO (Reuters) – The dollar held firm on Wednesday, staying near a two-month high against the yen as investors bet that the U.S. Federal Reserve is on course to start reducing its stimulus as early as December.

After surprisingly strong U.S. October payroll data on Friday had many investors reassessing the timing of a Fed tapering, attention is now on the comments that nominee Fed President Janet Yellen will make at her Senate confirmation hearing on Thursday.

Nov 11, 2013

Japanese investors tiptoe back into Italian, Spanish bonds

TOKYO, Nov 11 (Reuters) – Japanese investors are tiptoeing
back to peripheral euro zone debt markets, government data
showed on Monday, on a view that the worst is over for the debt
crisis and accommodative monetary policy to support growth will
bolster debt prices.

Japanese investors bought a net 35.0 billion yen ($353
million) in Italian bonds in September, their first net buying
in six months and largest since June 2011, when they bought a
net 60.5 billion yen.