SYDNEY/TOKYO, Dec 10 (Reuters) – The euro stayed well-bid on
Tuesday, scaling a fresh five-year high on the yen and a
six-week peak against the dollar as expectations for further
stimulus from the European Central Bank continued to fade.
ECB Executive Board member Yves Mersch on Monday played down
the prospect of following the Federal Reserve and Bank of Japan
down the path of asset purchases, saying such action poses
immense challenges for the central bank.
TOKYO/SYDNEY, Dec 9 (Reuters) – The euro raced to a near
six-week high against the dollar and scaled a fresh five-year
peak versus the yen on Monday after strong U.S. payrolls data
boosted risk appetite despite threats of a possible reduction in
the U.S. monetary stimulus.
The closely watched U.S. payrolls report on Friday showed
employers hired more workers than expected in November, driving
the jobless rate to a five-year low of 7.0 percent.
TOKYO, Dec 6 (Reuters) – Japanese government bond prices
faltered on Friday, with the benchmark futures contract hitting
a seven-week low in the heaviest trading volume in more than six
years, succumbing to pressure from rising U.S. and German bond
Speculation that Japan’s public pension fund could reduce
its allocation to JGBs added fuel to fire, steepening the yield
curve, with the 30-year bond yield posting its biggest daily
rise since early July.
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.
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.
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.
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.
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.
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
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.
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.