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Dec 14, 2012

Yen slips to 9-mth low ahead of Japan election

TOKYO, Dec 14 (Reuters) – The yen slipped to nine-month lows
on Friday as Japan looks set to get a prime minister keen to
push for more money printing by the central bank to stimulate
the moribund economy.

Japanese media reported that conservative Liberal Democratic
Party (LDP) is set for a stunning victory in elections on
Sunday, cementing speculation that LDP leader Shinzo Abe will be
in a strong position to push for bold monetary easing.

Dec 14, 2012

Yen slips to nine-mth low on anticipated BOJ easing

TOKYO (Reuters) – The yen slipped to a nine-month low on Friday as expectations grew that the Bank of Japan will step up its money-printing to stimulate the world’s third biggest economy after the country’s key election this weekend.

Japanese media reported that conservative Liberal Democratic Party (LDP) is set for a stunning victory on Sunday, further cementing speculation that LDP leader Shinzo Abe will be in a strong position to push for bold monetary easing.

Dec 13, 2012

Dollar broadly soft after Fed, yen extends losses

TOKYO, Dec 13 (Reuters) – The dollar was on defensive on
Thursday after the U.S. Federal Reserve unveiled a fresh
bond-buying stimulus programme but the yen languished at
nine-month lows against the U.S. currency on expectations of
more money printing in Japan.

The Fed surprised markets by explicitly linking its policy
path to unemployment and inflation but that had little immediate
impact because the Fed’s latest economic projections suggested
no change in its previous pledge to keep rates near zero until
mid-2015.

Dec 13, 2012

Dollar broadly weak after Fed, yen also retreats

TOKYO, Dec 13 (Reuters) – The dollar was on defensive on
Thursday after the U.S. Federal Reserve unveiled a fresh
bond-buying stimulus programme but the yen languished at 8
1/2-month lows against the U.S. currency on expectations of more
money printing in Japan.

The Fed surprised markets by explicitly linking its policy
path to unemployment and inflation, but that had little
immediate impact because the Fed’s latest economic projections
suggested no change in its previous pledge to keep rates near
zero until mid-2015.

Dec 12, 2012

Dollar under pressure, braces for Fed easing

TOKYO, Dec 12 (Reuters) – The dollar hovered near
multi-month lows against higher-yielding currencies on Wednesday
as markets bet the U.S. Federal Reserve would announce more
stimulus later in the day.

The euro was also buoyed following surprise strength in
German economic sentiment, which contrasted with recent signs
that concerns over the “fiscal cliff” are hurting U.S. economic
confidence.

Dec 12, 2012

Dollar under pressure as market eyes Fed stimulus

TOKYO (Reuters) – The dollar was under pressure on Wednesday, hovering near multi-month lows against higher-yielding currencies, as markets bet the U.S. Federal Reserve would announce more stimulus later in the day.

The euro was also buoyed following surprise strength in German economic sentiment, which contrasted with recent signs that concerns over the fiscal cliff are hurting U.S. economic sentiment.

Dec 11, 2012

Euro hovers above 2-week low, Fed next focus

SYDNEY/TOKYO, Dec 11 (Reuters) – The euro hovered above
two-week lows on Tuesday as nerves calmed over Italy’s latest
political turmoil for now and as prospects of more stimulus from
the Federal Reserve pinned down the dollar.

Expectations that the Fed will announce fresh easing steps
on Wednesday also lifted high-yielding currencies against the
dollar, boosting the Canadian dollar to a two-month high and the
New Zealand dollar to a nine-month high.

Dec 11, 2012

Euro steadies off 2-week low, Fed next focus

SYDNEY/TOKYO, Dec 11 (Reuters) – The euro stabilised near
two-week lows on Tuesday as nerves calmed over Italy’s latest
political turmoil and as prospects of more stimulus from the
Federal Reserve pinned down the dollar.

The common currency stood at $1.2938,, flat from late
U.S. levels but above a low of around $1.2880 plumbed on Monday.

Dec 10, 2012

Euro hugs 2-week low on worry about Italian leadership

TOKYO, Dec 10 (Reuters) – The euro flirted with two-week
lows against the dollar on Monday after Italian Prime Minister
Mario Monti offered to resign, raising political uncertainty
over who will lead the euro zone’s third-biggest economy out of
the debt crisis.

In contrast, the dollar drew support from strong U.S. jobs
data last Friday, though caution about fresh easing steps from
the U.S. Federal Reserve later this week is curbing its advance.

Dec 10, 2012

Euro hugs two-week low as Italy hit by political storm

TOKYO (Reuters) – The euro flirted with two-week lows against the dollar on Monday after Italian Prime Minister Mario Monti offered to resign, raising political uncertainty over who will lead the euro zone’s third-biggest economy.

The single currency was also undermined by the prospect of a recession in Germany and expectations of a future rate cut by the European Central Bank.