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Nov 29, 2013

Yen under pressure from carry trades, hits 5-yr low vs euro

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
riskier assets.

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.

Nov 29, 2013

Japan fund managers keep stock weighting at 1-1/2 yr high

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.

Nov 26, 2013

Yen bounces off lows but still seen vulnerable

TOKYO (Reuters) – The yen got a slight reprieve on Tuesday, ticking up from a six-month low against the dollar after soft U.S. housing data, but the Japanese unit stayed near multiyear lows against European currencies.

The euro was resilient despite a setback on Monday following dovish comments from European Central Bank officials, while the British pound held steady as investors look to comments from Bank of England Governor Mark Carney later in the day.

Nov 25, 2013

Technical signs, rising risk appetite, drive yen selling fever

TOKYO, Nov 25 (Reuters) – Pressure on the yen is rising
after six months of relatively calm, range-bound trading, with
bears heartened by various technical signs as well as rising
global risk appetite.

The Japanese currency skidded to a six-month low versus the
dollar on Monday, sending the greenback above its July peak of
101.54 yen to 101.91 yen.

Nov 23, 2013

Boeing warns of engine icing risk on 747-8s, Dreamliners

SEATTLE/TOKYO (Reuters) – Boeing advised airlines on Friday about a risk of engine icing problems on its new 747-8 and 787 Dreamliner planes with engines made by General Electric, urging 15 carriers to avoid flying them near high-level thunderstorms.

The warning led Japan Airlines to pull 787 Dreamliners from two international routes. Other affected airlines include Lufthansa, United Airlines, an arm of United Continental Holdings and Cathay Pacific Airlines.

Nov 21, 2013

Dollar rides high after Fed meeting, hits 4-month peak vs yen

SYDNEY/TOKYO, Nov 21 (Reuters) – The dollar climbed to a
four-month high versus the yen on Thursday after minutes from
the Federal Reserve’s latest meeting showed officials believed
they might be able to start scaling back its stimulus programme
soon.

Also helping underpin the dollar, the euro was pressured by
talk of more European Central Bank policy easing, shedding all
its gains against the greenback over the past week.

Nov 21, 2013

Dollar rides high after Fed, hits two-month peak vs yen

SYDNEY/TOKYO (Reuters) – The dollar climbed to a two-month high versus the yen on Thursday after minutes from the Federal Reserve’s latest meeting showed officials felt they might be able to start scaling back its stimulus at one of its next few meetings.

Also helping underpin the dollar, the euro was downed by talk of more European Central Bank policy easing, shedding all of its gains made against the greenback over the past week.

Nov 20, 2013

Asian shares tick down, Bernanke comments support

TOKYO (Reuters) – Asian shares mostly tracked Wall Street stocks lower on Wednesday but dovish comments from Federal Reserve Chairman Ben Bernanke helped to limit their losses, lifting commodity prices, and putting pressure on the dollar.

Chinese policymakers set the yuan’s midpoint at the highest level since the 2005 revaluation, a day after China’s central bank said it would gradually withdraw from regular intervention in the foreign exchange market.

Nov 20, 2013

Asian shares could gain on dovish Bernanke comments

TOKYO, Nov 20 (Reuters) – Asian share markets could extend
gains on Wednesday as the dollar sagged after Federal Reserve
Chairman Ben Bernanke said the Fed is committed to easy policy
as long as needed.

Asian currencies could also gain if the Chinese yuan
strengthens further after China’s central bank said it would
gradually exit from regular intervention in the foreign exchange
market.

Nov 19, 2013

Dollar on defensive; Fed comments curb selling

TOKYO, Nov 19 (Reuters) – The dollar was on the defensive on
Tuesday on expectations that the Federal Reserve will keep its
easy policy stance and on sharpened appetite for risk following
Beijing’s announcement of sweeping reforms.

But optimistic comments on the U.S. economy by Fed officials
slightly dented the prevailing expectations on Fed policy,
limiting losses for the dollar.