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Aug 17, 2015

Dollar tries to shake off yuan scare, yen shrugs off Japan’s GDP slump

TOKYO, Aug 17 (Reuters) – The dollar started the week on a
firmer footing on Monday as traders looked to the prospects of a
U.S. rate hike next month while the yen was little moved after
data showed Japan’s economy shrank in the April-June quarter.

The dollar’s index against a basket of six major currencies
edged up slightly to 96.696 , extending its
recovery from a one-month low hit on Wednesday.

Aug 14, 2015

Dollar steady as China stops guiding yuan lower

TOKYO, Aug 14 (Reuters) – The dollar was steady on Friday
after China’s central bank appeared to have stopped guiding the
yuan lower for now, easing concerns that a weaker Chinese
currency could derail plans by the U.S. Federal Reserve to raise
interest rates.

The dollar traded at 124.40 yen, flat from late U.S.
levels and above this week’s low of 124.21 yen. For the week, it
was up about 0.1 percent.

Aug 14, 2015

Dollar ticks up as China stops guiding yuan lower

TOKYO, Aug 14 (Reuters) – The dollar ticked up slightly on
Friday after China’s central bank appeared to have stopped
guiding the yuan lower for now, easing concerns that a weaker
Chinese currency could derail plans by the U.S. Federal Reserve
to raise interest rates.

The dollar traded at 124.50 yen, up slightly from
late U.S. levels and extending its recovery from this week’s low
of 124.21 yen. For the week, it is up 0.2 percent.

Aug 14, 2015

Dollar steadies but market jittery on yuan

TOKYO, Aug 14 (Reuters) – The dollar steadied on Friday
after China’s central bank said it saw no reason for the yuan to
fall any further, but prospects for the yuan and the broader
Chinese economy still kept market players jittery.

Data showing that U.S. retail sales rebounded in July, while
June sales were revised higher, also boosted the dollar.

Aug 13, 2015

Nikkei up but Topix down as investors digest yuan move

TOKYO, Aug 13 (Reuters) – Japan’s Nikkei share average rose
but the broader Topix index fell on Thursday as confused
investors shed risk assets while trying to gauge how much the
yuan will fall and how that would affect Japanese companies’
bottom lines.

The Nikkei rose 0.4 percent to 20,478 thanks to
gains in some of its heavyweights but the Topix fell 0.4
percent to 1,659.53 as investors booked profits in large cap
shares, such as banks and telecom companies.

Aug 12, 2015

Nikkei falls after China weakens yuan for second day

TOKYO, Aug 12 (Reuters) – Japanese share prices slid on
Tuesday after the Chinese central bank lowered the yuan for a
second day, fanning more worries of slowing growth in China.

The Nikkei average fell 1.1 percent to 20,495.40,
hitting its lowest level in more than a week, while the broader
Topix fell 1.0 percent to 1,670.89.

Aug 11, 2015

Nikkei erases gains on profit-taking as China devalues yuan

TOKYO, Aug 11 (Reuters) – Japan’s Nikkei share average edged
down on Tuesday, erasing its earlier rise to near its 18
1/2-year high hit earlier this year, as investors took profits
after the Chinese central bank devalued the yuan.

Market players say the move was more of a knee-jerk reaction
to China’s sudden announcement with many market players still
trying to figure out its long-term implications.

Aug 10, 2015

Asian stocks on defensive on weak China data, Fed rate view

TOKYO (Reuters) – Asian shares were on the defensive on Monday after new indications of a slowdown in the Chinese economy strained the nerves of markets already unsettled by the prospect of a U.S. interest rate hike in September.

Japan’s Nikkei .N225 fell 0.4 percent and South Korean shares .KS11 dropped 0.3 percent. MSCI’s broadest index of Asia-Pacific shares outside Japan .MIAPJ0000PUS stood near its 1 1/2-year low hit last month and stood flat.

Aug 7, 2015

Japan’s Toshiba, Tepco find no place in JPX400 index reshuffle

TOKYO, Aug 7 (Reuters) – Scandal-hit Toshiba Corp
and Fukushima nuclear plant operator Tokyo Electric Power
Company (Tepco) did not make it to a key index of
companies with strong corporate governance and profitability,
the index compiler said on Friday.

The JPX-Nikkei Index 400 is widely seen as
reflecting efforts by Prime Minister Shinzo Abe to boost
corporate Japan’s profitability – and share prices – through
greater shareholder pressure.

Aug 7, 2015

Nikkei falls on profit-taking in recent gainers ahead of US data

TOKYO, Aug 7 (Reuters) – Japan’s Nikkei share average edged
down on Friday as investors took profits from recent high flyers
such as drugmakers, railways and retailers ahead of U.S. jobs
data due later in the day.

While Japanese companies’ earning results for April-June
have been generally solid, concerns over a slowing growth in
China and possible fallout from a likely U.S. rate hike kept
investors cautious.