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Nov 20, 2013

Asian shares tick down, Bernanke comments support

TOKYO (Reuters) – Asian shares mostly tracked Wall Street stocks lower on Wednesday but dovish comments from Federal Reserve Chairman Ben Bernanke helped to limit their losses, lifting commodity prices, and putting pressure on the dollar.

Chinese policymakers set the yuan’s midpoint at the highest level since the 2005 revaluation, a day after China’s central bank said it would gradually withdraw from regular intervention in the foreign exchange market.

Nov 20, 2013

Asian shares could gain on dovish Bernanke comments

TOKYO, Nov 20 (Reuters) – Asian share markets could extend
gains on Wednesday as the dollar sagged after Federal Reserve
Chairman Ben Bernanke said the Fed is committed to easy policy
as long as needed.

Asian currencies could also gain if the Chinese yuan
strengthens further after China’s central bank said it would
gradually exit from regular intervention in the foreign exchange
market.

Nov 19, 2013

Dollar on defensive; Fed comments curb selling

TOKYO, Nov 19 (Reuters) – The dollar was on the defensive on
Tuesday on expectations that the Federal Reserve will keep its
easy policy stance and on sharpened appetite for risk following
Beijing’s announcement of sweeping reforms.

But optimistic comments on the U.S. economy by Fed officials
slightly dented the prevailing expectations on Fed policy,
limiting losses for the dollar.

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.