Hideyuki's Feed
Jan 19, 2015

Japan sovereign CDS anomaly reflects more concern over debt than JGBs do

TOKYO, Jan 19 (Reuters) – Credit derivatives are reflecting
increased investor concerns about Japan’s fiscal health after
the prime minister postponed a tax hike, with the cost of
insurance against a default by Japan hovering near 1-1/2-year
highs in the CDS market.

Government bond yields normally reflect such concerns but
the Bank of Japan’s (BOJ) huge asset purchase program is so
large that is drives bond yields far more than market sentiment
does.

Jan 14, 2015

As debts pile up, Japan tries to extend JGB maturity in 2015/16

TOKYO (Reuters) – Japan plans to issue more long-dated bonds in the next fiscal year from April, trying to lock in low long-term borrowing costs at a time when bonds yields are depressed at historic lows due to the Bank of Japan’s aggressive buying.

The Ministry of Finance announced on Wednesday it will increase the issuance of 30-year and 40-year Japanese government bonds in fiscal 2015/16 even as higher tax revenue lets the ministry reduce total debt sales.

Jan 9, 2015

Euro near nine-year low, dollar firm ahead of U.S. jobs data

TOKYO (Reuters) – The euro wallowed near a nine-year low on Friday on growing expectations the European Central Bank will embark on quantitative easing, while the dollar held firm before U.S. jobs data that could cement the case for a rate hike by the Federal Reserve.

ECB President Mario Draghi said the bank’s Governing Council stands ready to take unconventional measures if needed to stem a prolonged period of low inflation.

Jan 9, 2015

Euro near 9-year low, dollar firm ahead of US jobs data

TOKYO, Jan 9 (Reuters) – The euro wallowed near a nine-year
low on Friday on growing expectations the European Central Bank
will embark on quantitative easing, while the dollar held firm
before U.S. jobs data that could cement the case for a rate hike
by the Federal Reserve.

ECB President Mario Draghi said the bank’s Governing Council
stands ready to take unconventional measures if needed to stem a
prolonged period of low inflation.

Jan 8, 2015

Euro gets deflation jitters, dollar climbs

SYDNEY/TOKYO (Reuters) – The euro wobbled near a nine-year low on Thursday as investors wagered the European Central Bank would have to take bolder stimulus steps to combat growing deflationary pressures in the zone.

The euro fell as far as $1.1802 the previous day, putting the 2005 trough of $1.1640 in reach of speculative sellers. It has since edged back to $1.1826 in Asia.

Jan 6, 2015

Asian shares tumble as oil gloom deepens

TOKYO (Reuters) – Asian shares tumbled on Tuesday as sliding oil prices and political uncertainty in Greece forced investors out of risk assets and into the safety of government bonds.

MSCI’s broadest index of Asia-Pacific shares outside Japan fell 1.0 percent, retreating almost halfway from its recovery from a 10-month low hit last month.

Jan 6, 2015

Asian shares tumble as oil, Greek woes dim mood

TOKYO, Jan 6 (Reuters) – Asian shares tumbled on Tuesday as
sliding oil prices and political uncertainty in Greece forced
investors out of risk assets and into the safety of government
bonds.

MSCI’s broadest index of Asia-Pacific shares outside Japan
fell 0.5 percent while Japan’s Nikkei
dropped 2.0 percent.

Jan 5, 2015

Euro slides to nine-year low, Asia shares subdued

TOKYO (Reuters) – The euro hit a nearly nine-year low versus the dollar on Monday as investors bet on quantitative easing by the European Central Bank while Asian shares were subdued as soft manufacturing surveys soured the mood.

The euro fell to as low as $1.18605, its weakest level since March 2006, having fallen below an important support at $1.20. The common currency last traded at $1.1955, down 0.4 percent from late U.S. trade on Friday.

Jan 5, 2015

Euro falls to 9-year low, Asia shares lackluster

TOKYO (Reuters) – The euro hit a nearly nine-year low versus the dollar on Monday as investors bet on quantitative easing by the European Central Bank while Asian shares were subdued as soft manufacturing surveys soured the mood.

The euro fell to as low as $1.18605, its weakest level since March 2006, having fallen below an important support at $1.20. The common currency last traded at $1.1944, down 0.5 percent from late U.S. trade on Friday.

Dec 24, 2014

Dollar bulls get early Christmas present after strong US GDP

SYDNEY/TOKYO, Dec 24 (Reuters) – The dollar hovered at its
highest in nearly nine years against a basket of major
currencies on Wednesday after stunningly strong U.S. economic
growth spurred markets to bring forward the timing of a likely
hike in interest rates.

The dollar index reached highs not seen since April
2006 as the euro sank to a fresh 28-month low of $1.2165,
slipping below an important support from its 200-month moving
average at $1.2230.