Hideyuki's Feed
Oct 24, 2013

Japan’s Meiji Yasuda Life plans bond buying spree

TOKYO, Oct 24 (Reuters) – Japan’s Meiji Yasuda Life
Insurance may buy around 700 billion yen ($7.2 billion) in
domestic bonds between now and March — but only if the yields
are right.

“At the current yield levels, we need to be cautious… We
feel the bond yields have fallen a bit too far,” Toshihiko
Yamashita, chief executive of the insurer’s investment division,
told a news conference.

Oct 23, 2013

Dollar hits fresh lows as soft U.S. jobs data cements Fed stimulus hopes

TOKYO/SINGAPORE, Oct 23 (Reuters) – The dollar set a fresh
two-year low against the euro on Wednesday after disappointing
U.S. jobs data cemented expectations that the Federal Reserve
will not begin to taper its stimulus until early next year.

The dollar also touched a fresh eight-month trough against a
basket of currencies, with the dollar index slipping to 79.141
and nearing this year’s low of 78.918 set in early
February.

Oct 23, 2013

Dollar wobbles after U.S. job data cements Fed stimulus hopes

TOKYO (Reuters) – The dollar wobbled near two-year low against the euro on Wednesday after disappointing U.S. jobs data cemented expectations that the Federal Reserve will keep its stimulus in place at least until early next year.

Data showed U.S. employers added far fewer workers than expected in September, suggesting the U.S. economy may have lost some momentum even before a damaging 16-day partial shutdown of the federal government.

Oct 22, 2013

Nippon life to boost domestic bonds, seeks chance to buy foreign bonds

TOKYO, Oct 22 (Reuters) – Japan’s Nippon Life Insurance
plans to increase yen bond holdings in the six months
to March but is also ready to buy foreign bonds as well if it
can buy dollars and euros on dips, a company official said on
Tuesday.

Although the Bank of Japan’s radical monetary easing in
April sparked speculation many Japanese life insurers might
stampede into foreign bonds to earn higher income, Nippon Life’s
stance is a reflection of little change in industry investment
patterns.

Oct 21, 2013

Dollar steady, but seen vulnerable as Fed tapering view recedes

TOKYO/SINGAPORE, Oct 21 (Reuters) – The dollar was mired
near an 8-month low against a basket of currencies on Monday on
growing expectations the U.S. Federal Reserve will have to delay
scaling back its stimulus following a 16-day government
shutdown.

The dollar index held steady at 79.675 , not
very far from a trough of 79.478 touched on Friday, its lowest
level since February.

Oct 21, 2013

Dollar wobbles as Fed tapering expectations pushed back

TOKYO (Reuters) – The dollar was mired near an 8-month low against a basket of currencies on Monday on growing expectations the U.S. Federal Reserve will have to delay scaling back its stimulus following a 16-day government shutdown.

The dollar index was little moved in Asian trade around 79.642 .DXY, but not far from a trough of 79.478 touched on Friday, its lowest level since February.

Oct 18, 2013

Japan’s Mitsui Life says doesn’t plan to up foreign bond holding

TOKYO, Oct 18 (Reuters) – Japan’s Mitsui Life Insurance has
suspended a plan to increase its stockpile of foreign bonds
because it expects the value of U.S. bonds to fall as the
Federal Reserve moves toward scaling back its economic stimulus
later in the year.

Mitsui is going against market speculation that Japanese
insurers will rush to foreign bonds in search of higher returns
after Bank of Japan stimulus announced in April reduced the
appeal of domestic bonds.

Oct 18, 2013

Dollar near 8-month low, fiscal wrangling takes toll

SINGAPORE/TOKYO, Oct 18 (Reuters) – The dollar nursed losses
near an eight-month low against a basket of currencies on Friday
as traders focused on the economic impact of an acrimonious
showdown in Washington that dragged the U.S. to the brink of a
debt default.

The potential damage to the economy from the weeks-long
government shutdown could discourage the Federal Reserve from
scaling back its stimulus programme at least until the beginning
of next year.

Oct 18, 2013

Dollar in the doldrums, fiscal wrangling takes toll

TOKYO (Reuters) – The dollar nursed losses near an eight-month low against a basket of currencies on Friday as traders focused on the economic impact of an acrimonious showdown in Washington that dragged the U.S. to the brink of a debt default.

The potential damage to the economy from the weeks-long government shutdown could discourage the Federal Reserve from scaling back its stimulus program at least until the beginning of next year.

Oct 15, 2013

Dollar firm on hopes U.S. debt deal may be around corner

TOKYO, Oct 15 (Reuters) – The dollar held firm on Tuesday,
hitting a two-week high against the yen as top U.S. senators
signalled they could soon reach a bipartisan deal to reopen the
government and avert an immediate debt default.

Moves in major currencies were mostly modest, however, as
investors remained wary of further political bickering. The
exception was the Australian dollar, which jumped to a
four-month high, getting an extra lift from meeting minutes
showing Australia’s central bank was in no hurry to cut interest
rates.