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Jan 11, 2013

Yen hits 2 1/2-year low on Abe, Japan c/a deficit

TOKYO, Jan 11 (Reuters) – The yen slid to 2 1/2-year lows on
Friday after Japanese Prime Minister Shinzo Abe said the Bank of
Japan should consider maximising employment as a policy goal on
top of its current price stability mandate.

Abe’s comments, made in an interview with the Nikkei
newspaper published on Friday, put renewed pressure on the yen
as having a dual mandate, similar to the U.S. Federal Reserve’s,
could make the BOJ undertake more aggressive easing.

Jan 11, 2013

Yen pummeled to 21/2-year low versus dollar on Abe’s Bank of Japan talk

TOKYO (Reuters) – The yen slid to 2 1/2-year lows on Friday after Japanese Prime Minister Shinzo Abe said the Bank of Japan should consider maximizing employment as a policy goal on top of its current price stability mandate.

Abe’s comments, made in an interview with the Nikkei newspaper published on Friday, put renewed pressure on the yen as having a dual mandates, the U.S. Federal Reserve does, could bind the BOJ to take more aggressive easing.

Jan 11, 2013

Yen pummeled to 2 1/2-year low on Abe, Japan c/a deficit

TOKYO, Jan 11 (Reuters) – The yen slid to 2 1/2-year lows on
Friday after Japanese Prime Minister Shinzo Abe said the Bank of
Japan should consider maximising employment as a policy goal on
top of its current price stability mandate.

Abe’s comments, made in an interview with the Nikkei
newspaper published on Friday, put renewed pressure on the yen
as having a dual mandate, the U.S. Federal Reserve does, could
bind the BOJ to take more aggressive easing.

Jan 10, 2013

Yen pummeled to 2 1/2-year low vs dollar on Abe’s BOJ talk

TOKYO, Jan 11 (Reuters) – The yen slid to 2 1/2-year lows on
Friday after Japanese Prime Minister Shinzo Abe said the Bank of
Japan should consider maximising employment as a policy goal on
top of its current price stability mandate.

Abe’s comments, made in an interview with the Nikkei
newspaper published on Friday, put renewed pressure on the yen
as having a dual mandates, the U.S. Federal Reserve does, could
bind the BOJ to take more aggressive easing.

Jan 10, 2013

Yen near 2-1/2-year low, Aussie gains on strong China data

TOKYO, Jan 10 (Reuters) – The yen was on the defensive near
a 2-1/2-year low on Thursday on expectations the Bank of Japan
will take fresh measures to boost the economy, while the
Australian dollar jumped after strong Chinese trade data.

The euro dipped as traders looked to the European Central
Bank’s policy meeting later in the day to see a rate cut is in
the offing.

Jan 10, 2013

Yen near 2 1/2-year low as BOJ meeting nears

TOKYO (Reuters) – The yen was on the defensive near a 2 1/2-year low on Thursday on expectations Bank of Japan policy will take a fresh and bold approach to boost inflation later this month.

The yen last stood at 87.97 yen to the dollar, down slightly from late U.S. levels, and edging near a 2 1/2-year low of 88.48 yen.

Dec 25, 2012

Yen hits 20-month low over BOJ concerns, fiscal cliff buoys dollar

TOKYO (Reuters) – The yen hit a 20-month low against the dollar on Tuesday as Japan’s incoming prime minister stepped up pressure on the Bank of Japan (BOJ) to easy monetary policy, while the dollar was buoyed by uncertainty about U.S. budget talks.

The dollar rose to as high as 84.965 in early Asian trade, its highest level since April 2011, before giving up gains to last stand at 84.84 yen, in thin Christmas holiday trade. Many trading centers closed.

Dec 20, 2012

Forex: Yen gains on profit taking after long-awaited BOJ easing

TOKYO (Reuters) – The yen firmed on Thursday after the Bank of Japan, as expected, eased monetary policy, increasing its asset purchases by 10 trillion yen and saying it would review its policy goal in a likely move towards adopting an inflation target.

With expectations matched, traders took profits on their bets against the yen, with the end-year holiday period approaching, and the dollar fell 0.45 percent on the day to 84.00 yen.

Dec 20, 2012

Yen gains on profit taking after long-awaited BOJ easing

TOKYO, Dec 20 (Reuters) – The yen firmed on Thursday after
the Bank of Japan, as expected, eased monetary policy,
increasing its asset purchases by 10 trillion yen and saying it
would review its policy goal in a likely move towards adopting
an inflation target.

With expectations matched, traders took profits on their
bets against the yen, with the end-year holiday period
approaching, and the dollar fell 0.45 percent on the day to
84.00 yen.

Dec 20, 2012

Yen keeps slim gains after BOJ eases as expected

TOKYO, Dec 20 (Reuters) – The yen kept slim gains on
Thursday after the Bank of Japan eased monetary policy as
expected, increasing its asset purchases by 10 trillion yen and
saying it would review its policy goal in a likely move towards
adopting an inflation target.

After choppy moves, the dollar steadied at around 84.14 yen
, almost the same level as before the BOJ’s decision and
down about 0.3 percent from late U.S. levels.