Hideyuki's Feed
Dec 15, 2014

Oil plunges to 5 1/2-year low, Asian shares on defensive

TOKYO, Dec 15 (Reuters) – Oil prices fell sank more than two
percent to 5 1/2-year lows early on Monday on concerns about
supply glut and slower global growth, feeding fears for energy
and commodities producers and exporters.

Investors are nervous after U.S. shares posted their biggest
weekly fall in 2 1/2-years last week on losses led by energy
sector and as they expect the U.S. Federal Reserve to hint this
week it is getting closer to raising interest rates.

Dec 10, 2014

Japan bears bet on Abe victory followed by yen disaster

TOKYO (Reuters) – An election sweep for Japanese Prime Minister Shinzo Abe this weekend looks like a safe bet, but some are betting that the consequences for Japan could be calamitous – a collapse in the yen and uncontrolled inflation.

The continuation of ‘Abenomics’, a program of money printing and debt-funded spending to lift Japan from two decades of deflation and stagnation, is, they say, not just failing, but heading for disaster.

Dec 3, 2014

Option pricing shows yen’s loss of safe-haven status

TOKYO (Reuters) – Once known for its safe-haven characteristics of appreciating fast and depreciating slowly, the yen is being treated in a diametrically opposite fashion by an options market that is pricing in faster falls than gains in the Japanese currency.

As the yen buckles under the Bank of Japan’s massive money printing, just about every market player expects a weaker yen but the pricing in options suggests the fall could be even faster than anticipated.

Dec 1, 2014

Gold tumbles after Swiss referendum, oil hits five-year low

TOKYO (Reuters) – Gold prices tumbled on Monday after Swiss voters overwhelmingly rejected proposals to boost gold reserves in a referendum, joining the broad rout in commodities that sent oil prices to five-year lows and copper to four-year lows.

Sinking oil and commodity prices are causing massive realignments in markets, hurting assets tied to the resource sector, from Australian mining shares to the Malaysian ringgit, while benefiting importers such as Japan and China.

Dec 1, 2014

Gold tumbles after Swiss referendum, oil hits 5-yr low

TOKYO, Dec 1 (Reuters) – Gold prices tumbled on Monday after
Swiss voters overwhelmingly rejected proposals to boost gold
reserves in a referendum, joining the broad rout in commodities
that sent oil prices to five-year lows and copper to four-year
lows.

Sinking oil and commodity prices are causing massive
realignments in markets, hurting assets tied to the resource
sector, from Australian mining shares to the Malaysian ringgit,
while benefiting importers such as Japan and China.

Nov 30, 2014

Gold, Swiss franc fall after Swiss referendum

TOKYO (Reuters) – Gold prices fell the most in more than three weeks and the Swiss franc dipped slightly on Monday after Swiss voters overwhelmingly rejected proposals to boost gold reserves in a referendum.

The measure, had it been approved, would have compelled the Swiss National Bank (SNB) to more than double its gold reserves and banned it from ever selling the metal, threatening its ability to defend a 1.20 euro cap on the Swiss franc imposed at the height of the euro zone crisis.

Nov 28, 2014

Japan bond yield turns negative as BOJ purchases slash supply

TOKYO, Nov 28 (Reuters) – Japanese government bond yields on
Friday turned negative for the first time as the Bank of Japan’s
massive asset-purchase scheme aimed at boosting inflation and
reviving the economy led to a severe shortage of bonds in the
market.

The yield on two-year JGBs traded at minus 0.005 percent
. Negative yields may spread to longer maturities
if the central bank buys more debt, traders said.

Nov 28, 2014

Japan bond yield goes negative as BOJ faces oil threat

TOKYO, Nov 28 (Reuters) – Japanese government bonds traded
at a negative yield for the first time ever on Friday, thanks to
the Bank of Japan’s massive asset-purchase scheme as it seeks to
stoke inflation and revive an economy that slipped into
recession in the third-quarter.

The BOJ’s task got even stiffer this week as a plunge in oil
prices threaten its 2 percent price goal, meaning the central
bank could be forced to expand its stimulus further, soaking up
more debt paper and spreading negative yields to longer-dated
maturities.

Nov 27, 2014

Asia shares edge higher, oil tumbles to four-year low

TOKYO (Reuters) – Asian stocks hit a one-month high on Thursday as investors bet that more central bank stimulus in China and Europe would shore up the global economy, while oil prices tumbled to a four-year low as hopes for output cuts by OPEC faded.

MSCI’s broadest index of Asia-Pacific shares outside Japan advanced 0.3 percent while Shanghai shares hit a three-year high, extending their rally after a surprise interest rate cut last week. They are up 8.2 percent so far this month.

Nov 27, 2014

Asia shares ride on stimulus hopes

TOKYO (Reuters) – Asian stocks inched higher on Thursday as the prospect of further stimulus from central banks in the region and Europe eclipsed disappointing U.S. data, which tripped up the dollar.

Oil prices tumbled more than one percent to a four-year low as hopes for curbs in output by the OPEC faded.