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Dec 4, 2013

Asian shares slide as data-wary investors take profits

TOKYO (Reuters) – Most Asian shares slumped on Wednesday as the prospects of a reduction in the U.S. Federal Reserve’s stimulus early next year prompted investors to cash in gains from recent rallies.

MSCI’s broadest index of Asia-Pacific shares outside Japan fell 0.4 percent after earlier hitting its lowest levels in almost two weeks, while Japan’s Nikkei share average dropped 2.2 percent from a six-year closing high set on Tuesday.

Dec 4, 2013

Asian shares retreat as Fed taper talk returns

TOKYO (Reuters) – Most Asian shares slumped on Wednesday as the prospects of a reduction in the U.S. Federal Reserve’s stimulus early next year prompted investors to cash in gains from their recent rallies.

MSCI’s broadest index of Asia-Pacific shares outside Japan .MIAPJ0000PUS fell 0.7 percent to its lowest levels in almost two weeks while Japan’s Nikkei share average dropped 2.6 percent from a five-month high hit on Tuesday.

Dec 3, 2013

Asian shares seen pressured by revived Fed tapering talk

TOKYO (Reuters) – Asian shares could come under pressure on Wednesday after the world’s share markets were rattled by fears of an impending reduction in the U.S. Federal Reserve’s stimulus following positive U.S. data.

European shares suffered their biggest falls since August while Wall Street retreated for a third straight day on Tuesday, dropping from record levels as investors took profits.

Dec 3, 2013

Yen wallows near 6-month low vs dollar on loose BOJ stance

TOKYO/SYDNEY (Reuters) – The yen wallowed near six-month lows against the dollar on Tuesday, and five-year lows against the euro and sterling due to prospects of the Bank of Japan taking more stimulus steps.

The dollar hit 103.165 yen, inching closer to its May 22 peak of 103.74 yen and last stood at 103.10 yen, up 0.2 percent from late U.S. levels.

Dec 2, 2013

Commodity currencies cheer China PMI, sterling shines

SYDNEY/TOKYO, Dec 2 (Reuters) – Commodity currencies gained
sharply on Monday following positive data from China while the
British pound soared on expectations of early policy tightening
by the Bank of England.

Investors bought the Australian and New Zealand dollars
after a survey on Sunday showed China’s factory growth held at
an 18-month high in November, an outcome that was slightly ahead
of expectations. Both Australia and New Zealand are highly
leveraged to China’s economic cycle.

Nov 29, 2013

Yen under pressure from carry trades, hits 5-yr low vs euro

TOKYO, Nov 29 (Reuters) – The yen slid to a six-month low
against the dollar and a five-year trough against the euro on
Friday as rising risk sentiment fanned speculation that more
investors might borrow and sell the low-yielding yen to buy
riskier assets.

This trading strategy – called the yen-carry trade – comes
as investors expect the Bank of Japan will keep or even enhance
its ultra-easy policy, to help meet Prime Minister Shinzo Abe’s
goal of sustaining growth and conquering 15 years of deflation.

Nov 29, 2013

Japan fund managers keep stock weighting at 1-1/2 yr high

TOKYO, Nov 29 (Reuters) – Japanese fund managers maintained
their assets allocated to equities at a 1-1/2-year high In
November, though they stopped short of raising them further due
to already high valuations, a Reuters poll showed on Friday.

For bonds, they boosted the euro zone weighting to the
highest level since March 2011 while reducing allocations to
U.S. and Canadian bonds, which they see as more vulnerable given
a stronger recovery in the United States, to a record low.

Nov 26, 2013

Yen bounces off lows but still seen vulnerable

TOKYO (Reuters) – The yen got a slight reprieve on Tuesday, ticking up from a six-month low against the dollar after soft U.S. housing data, but the Japanese unit stayed near multiyear lows against European currencies.

The euro was resilient despite a setback on Monday following dovish comments from European Central Bank officials, while the British pound held steady as investors look to comments from Bank of England Governor Mark Carney later in the day.

Nov 25, 2013

Technical signs, rising risk appetite, drive yen selling fever

TOKYO, Nov 25 (Reuters) – Pressure on the yen is rising
after six months of relatively calm, range-bound trading, with
bears heartened by various technical signs as well as rising
global risk appetite.

The Japanese currency skidded to a six-month low versus the
dollar on Monday, sending the greenback above its July peak of
101.54 yen to 101.91 yen.

Nov 23, 2013

Boeing warns of engine icing risk on 747-8s, Dreamliners

SEATTLE/TOKYO (Reuters) – Boeing advised airlines on Friday about a risk of engine icing problems on its new 747-8 and 787 Dreamliner planes with engines made by General Electric, urging 15 carriers to avoid flying them near high-level thunderstorms.

The warning led Japan Airlines to pull 787 Dreamliners from two international routes. Other affected airlines include Lufthansa, United Airlines, an arm of United Continental Holdings and Cathay Pacific Airlines.