Hideyuki's Feed
Dec 27, 2013

Yen out in the cold as year-end optimism lifts stocks

SYDNEY/TOKYO (Reuters) – The yen wallowed at five-year troughs against the dollar and euro on Friday, having fallen prey to a renewed appetite for risk which lifted Wall Street to record highs and weighed on the low yielding currency.

The Japanese currency is on course to post its ninth consecutive week of falls against the dollar, the longest such period since 1974, when the country was suffering from the aftermath of the oil crisis that started the previous year.

Dec 26, 2013

Dollar firm on U.S. recovery hopes, hits 5-year high vs yen

TOKYO (Reuters) – The dollar hit a five-year high against the yen on Thursday and held firm against other currencies on expectations the U.S. economy will continue a solid recovery, allowing the Federal Reserve to gradually withdraw its stimulus next year.

The dollar rose to 104.645 yen in early Asian trade, slightly above last week’s high of 104.64 yen. It last stood at 104.62 yen, up 0.2 percent on the day.

Dec 25, 2013

Nikkei holds near six-year high as U.S. data bolsters optimism

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.

Dec 24, 2013

Dollar steadies after upbeat U.S. consumption data

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.

Dec 18, 2013

Yen slips as investors await Fed meeting outcome

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
session.

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.

Dec 18, 2013

Dollar on defensive as Fed verdict looms

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.

Dec 17, 2013

Euro stands tall, dollar wobbles ahead of Fed

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.

Dec 17, 2013

Euro holds upper hand, dollar drifts ahead of Fed

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.

Dec 16, 2013

Dollar pins hopes on Fed, yen bounces on profit-taking

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.

Dec 13, 2013

JGBs hurt by weak yen, 10-year yield hits 2-month high

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
future.