TOKYO (Reuters) – Japan’s Nikkei share average rose on Wednesday, clinging near a six-year peak hit the previous day, supported by optimism towards the global economy and hopes for fresh buying by Japanese retail investors due to upcoming tax changes.
The Nikkei .N225 was up 0.2 percent at 15,922.33 in morning trade, near the six-year intraday high of 16,029.65 hit on Tuesday, after stronger-than-expected U.S. manufacturing data helped Wall Street shares finish at record highs.
SYDNEY/TOKYO (Reuters) – The U.S. dollar steadied on Tuesday, having given back a bit of its recent hefty gains as upbeat U.S. consumption data fostered hopes of solid U.S. recovery and boosted U.S. bond yields.
Although the market lacked conviction with many investors having already closed their books for the year, traders expect the prospects of eventual rate hike by the Federal Reserve to underpin the dollar.
TOKYO, Dec 18 (Reuters) – Another Japanese trade deficit
pulled the yen down against the dollar and the euro on
Wednesday, but that was only a minor distraction for anxious
investors waiting to see whether the U.S. Federal Reserve will
opt to reduce its stimulus at its policy meeting later in the
The Fed’s asset purchases have been a major force that has
simultaneously underpinned riskier global assets and capped the
dollar in recent years. The Fed will announce its policy
decision at 1900 GMT and Chairman Ben Bernanke will hold a news
conference at 1930 GMT.
TOKYO (Reuters) – The dollar was on the back foot against the euro and the yen on Wednesday as traders cautiously looked to what the Federal Reserve will do with its stimulus — a major force that has simultaneously underpinned riskier global assets and restrained the dollar in recent years
The dollar’s index stood at 80.02 .DXY, having slipped from Monday’s high of 80.419, with immediate support seen at the December 11 low of 79.757.
TOKYO, Dec 17 (Reuters) – The euro stayed aloft near
multi-year highs against rivals on Tuesday after surprisingly
strong euro zone manufacturing data, while uncertainty over when
the Federal Reserve would start to reduce its economic stimulus
undermined the greenback.
The Fed will begin its latest two-day policy meeting on
Tuesday. Most economists expect it to begin tapering its $85
billion per month in asset purchases in March, but upbeat U.S.
economic data prompted some investors to bet on a reduction as
early as next month, or even this week.
TOKYO (Reuters) – The euro held the upper hand on Tuesday after surprisingly strong euro zone manufacturing data, while uncertainty over when the Federal Reserve would start to trim its economic stimulus program kept the dollar on the defensive.
The euro traded at $1.3762, maintaining its slim gains on Monday and not far from a two-year high of $1.3811 reached last week.
SYDNEY/TOKYO, Dec 16 (Reuters) – The dollar moved little in
Asia on Monday as investors waited
to see if the Federal Reserve would begin to scale back its
massive bond buying stimulus program this week.
The only notable mover in Asia was the yen, which recovered
slightly off a five-year low against the dollar as some traders
trimmed their huge yen-selling positions ahead of the Fed’s Dec.
17-18 policy meeting.
TOKYO, Dec 13 (Reuters) – Japanese government bonds sagged
on Friday, with the benchmark 10-year bond yield hitting a
two-month high on the yen’s slide to five-year lows against the
dollar and rising speculation the U.S. Federal Reserve may
reduce its stimulus.
The shock was strong enough to shake long-held confidence in
the market – that the Bank of Japan’s massive bond buying will
keep JGB yields at abnormally low levels for the foreseeable
TOKYO, Dec 11 (Reuters) – The dollar wobbled near a six-week
low against a basket of currencies on Wednesday, hurt by the
perception the Federal Reserve is in no hurry to trim its
On the other hand, year-end repatriations by European banks
helped to underpin the euro, as did tighter money market
condition and expectations of a banking deal in the euro zone.
TOKYO (Reuters) – The dollar wobbled near a six-week low against a basket of currencies on Wednesday, hampered by a growing view that the Federal Reserve needs more positive economic data before it decides to start reducing its monetary stimulus.
By contrast, the euro drew additional help from expectations of a banking deal in the euro zone while other European currencies, such as sterling and the Swiss franc, benefited from signs of improvement in their economies.