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Jan 4, 2013

Dollar hits 29-month high vs yen; U.S. jobs data awaited

TOKYO/SINGAPORE, Jan 4 (Reuters) – The dollar rose to its
highest level against the yen in nearly 2 1/2 years on Friday,
while the euro also firmed against the yen on expectations that
this year will bring more monetary stimulus by the Bank of
Japan.

The euro hit a three-week low against the greenback after
minutes from the U.S. Federal Reserve’s last meeting indicated
that while the Fed looks set to continue buying bonds, some
policymakers are reticent about further increasing its $2.9
trillion balance sheet.

Jan 3, 2013

Yen inches higher after slide, but seen vulnerable

SINGAPORE, Jan 3 (Reuters) – The yen edged higher on
Thursday but remained near a 29-month low versus the dollar and
looked fragile, weighed by expectations of more forceful
monetary stimulus by the Bank of Japan.

The dollar slipped 0.1 percent to 87.26 yen. The
dollar rose to as high as 87.36 yen earlier on Thursday on
trading platform EBS, the greenback’s highest level against the
Japanese currency since late July 2010.

Jan 3, 2013

Yen inches higher after slide, euro falters

SINGAPORE, Jan 3 (Reuters) – The yen edged higher after
hitting a 29-month low versus the dollar on Thursday, having
come under pressure earlier when U.S. lawmakers forged a deal to
avoid a fiscal crunch, fuelling demand for riskier investments.

The dollar slipped 0.1 percent to 87.21 yen. The
dollar rose to as high as 87.36 yen earlier on Thursday on
trading platform EBS, the greenback’s highest level against the
Japanese currency since late July 2010.

Jan 2, 2013

Yen slides as U.S. avoids ‘fiscal cliff’, dollar retreats

SINGAPORE, Jan 2 (Reuters) – The yen fell broadly and
tumbled to an 18-month low versus the euro on Wednesday as U.S.
lawmakers passed a bill to avoid the “fiscal cliff”, bolstering
investors’ appetite for risky assets.

The dollar, a traditional safe haven currency that tends to
rise in times of market stress, also came under pressure and
retreated against the Australian dollar as well as the euro.

Jan 2, 2013

Yen down as U.S. avoids “fiscal cliff”

SINGAPORE (Reuters) – The yen hit its lowest level since July 2011 versus the euro on Wednesday as U.S. lawmakers passed a bill to avoid the “fiscal cliff”, bolstering investors’ appetite for risky assets.

The U.S. Congress approved a rare tax increase on Tuesday that will hit the nation’s wealthiest households in a bipartisan budget deal that stops the world’s largest economy from falling into a deep fiscal crisis and recession.

Jan 2, 2013

Dollar falls on optimism over ‘fiscal cliff’ deal

SINGAPORE, Jan 2 (Reuters) – The safe haven dollar fell on
Wednesday as the U.S. House of Representatives seemed to take a
step closer to striking a last-minute deal to avoid triggering a
fiscal crunch that could threaten the global economy.

The U.S. House of Representatives is preparing to vote on
the Senate’s “fiscal cliff” bill, Democratic Representative
Alcee Hastings said on Tuesday, increasing the odds that
Congress will stave off steep tax hikes and spending cuts.

Dec 31, 2012

Yen on track for biggest yearly drop vs dollar since 2005

SINGAPORE, Dec 31 (Reuters) – The yen held above a two-year
low versus the dollar on Monday but remained on track for its
largest annual drop in seven years, pressured by expectations
for more forceful monetary easing by the Bank of Japan.

The dollar last stood at 86.13 yen, staying below
Friday’s high of 86.64 yen, which was the greenback’s strongest
level versus the Japanese currency since August 2010.

Dec 31, 2012

Yen poised for biggest yearly drop vs dollar since 2005

SINGAPORE, Dec 31 (Reuters) – The yen held above a two-year
low versus the dollar on Monday but remained on track for its
largest annual drop in seven years, pressured by expectations
for more forceful monetary easing by the Bank of Japan.

The dollar last stood at 85.91 yen, having retreated
from Friday’s high of 86.64 yen, which was the greenback’s
strongest level versus the Japanese currency since August 2010.

Dec 28, 2012

Yen hits 2-year low on expectations for bold stimulus

TOKYO/SINGAPORE, Dec 28 (Reuters) – The yen fell to its
lowest level in more than two years versus the dollar on Friday,
pressured by expectations that the new Japanese government will
push the Bank of Japan into more aggressive monetary easing.

The dollar’s rise against the yen gained further momentum
due to stop-loss buying, which helped lift the greenback to
86.64 yen, its strongest level versus the Japanese
currency since August 2010.

Dec 28, 2012

Yen hits two-year low on expectations for bold BOJ easing

TOKYO/SINGAPORE (Reuters) – The yen fell to its lowest level in more than two years versus the dollar on Friday, pressured by expectations that the new Japanese government will push the Bank of Japan into more aggressive monetary easing.

The dollar’s rise against the yen gained further momentum due to stop-loss buying, which helped lift the greenback to 86.64 yen its strongest level versus the Japanese currency since August 2010.