PIMCO likes rupee; selective on Asian currencies
SINGAPORE (Reuters) – PIMCO, the world’s biggest bond investor, picks the Indian rupee and offshore Chinese yuan as pure currency bets and sees value in the bonds as well as the currencies of Brazil and Mexico, a manager of the fund’s emerging markets portfolio told Reuters.
Ramin Toloui, co-head of PIMCO’s global emerging markets portfolio management team, also reckons the Bank of Japan has, through its aggressive policy easing, given markets a green light to short-sell the yen.
Yen may hit 105 vs dollar-Rhicon Currency Management
SINGAPORE, April 22 (Reuters) – The yen looks set to fall
further and could hit 105 versus the dollar, although it is
unlikely to drop as smoothly as it has done so far, a portfolio
manager for FX trading fund Rhicon Currency Management said.
“A move to say, sort of 105 or thereabouts, is very much on
the cards,” said Christopher Brandon, managing director for
Rhicon Currency Management, a Singapore-based fund with about
$350 million in assets under management.
Yen sags as Japan says no G20 objection to BOJ’s bold stimulus
SINGAPORE, April 19 (Reuters) – The yen fell on Friday after
Japan said the Group of 20 has accepted Tokyo’s stance that the
Bank of Japan’s sweeping monetary expansion is aimed at beating
deflation and not at competitively weakening the yen.
The comments by Japanese Finance Minister Taro Aso eased
concerns that the bold monetary stimulus, which had triggered a
drop in the yen to a four-year low versus the dollar last week,
could come under criticism at the G20 meeting.
Yen slips broadly on Japan finance minister Aso’s remarks on G20
SINGAPORE (Reuters) – The yen fell broadly on Friday after Japanese Finance Minister Taro Aso said Japan faced no G20 opposition to its stance that the Bank of Japan’s aggressive monetary stimulus is aimed at beating deflation.
The comments by Aso eased concerns that the bold monetary easing, which had triggered a drop in the yen to a four-year low versus the dollar last week, could come under criticism at the G20 meeting.
Yen slips broadly on Japan finmin Aso’s remarks on G20
SINGAPORE, April 19 (Reuters) – The yen fell broadly on
Friday after Japanese Finance Minister Taro Aso said Japan faced
no G20 opposition to its stance that the Bank of Japan’s
aggressive monetary stimulus is aimed at beating deflation.
The comments by Aso eased concerns that the bold monetary
easing, which had triggered a drop in the yen to a four-year low
versus the dollar last week, could come under criticism at the
G20 meeting.
Yen slips vs dollar, eyes on risk sentiment
SINGAPORE, April 18 (Reuters) – The yen fell and pulled away
from intraday highs in choppy trade on Thursday as risk aversion
eased, while the euro steadied after sliding the previous day on
talk of more monetary easing by the European Central Bank.
The Australian dollar held steady at 101.19 yen.
Trading was choppy, with the Aussie dollar having trimmed its
losses after falling to as low as 100.24 yen earlier in the day.
Euro under pressure as risk aversion flares
SINGAPORE (Reuters) – The yen fell and pulled away from intraday highs in choppy trade on Thursday as risk aversion eased, while the euro steadied after sliding the previous day on talk of more monetary easing by the European Central Bank.
The Australian dollar held steady at 101.19 yen. Trading was choppy, with the Aussie dollar having trimmed its losses after falling to as low as 100.24 yen earlier in the day.
Yen comes under pressure as gold jitters ease
SINGAPORE/SYDNEY, April 17 (Reuters) – The yen fell broadly
on Wednesday, succumbing to renewed pressure after gold prices
steadied somewhat from an eye-watering plunge earlier in the
week.
The dollar was changing hands at about 98.32 yen, up 0.8
percent from late U.S. trade on Tuesday but still down about 1.6
percent from a four-year high of 99.95 yen set last week.
Yen under renewed pressure as gold jitters ease
SINGAPORE/SYDNEY (Reuters) – The yen fell broadly on Wednesday, succumbing to renewed pressure after gold prices steadied somewhat from an eye-watering plunge earlier in the week.
The dollar was changing hands at about 98.14 yen, up 0.6 percent from late U.S. trade on Tuesday. It was still down about 1.8 percent from a four-year high of 99.95 yen set last week.
Dollar lingers near four-year high vs yen, targets 100 mark
SINGAPORE (Reuters) – The dollar edged lower versus the yen on Friday but stayed within striking distance of 100 yen, with the Bank of Japan’s radical monetary stimulus seen likely to keep the yen under pressure.
The greenback has gained roughly 7 percent from about 92.90 yen since the BOJ pledged last week to inject about $1.4 trillion into the Japanese economy in less than two years to achieve its target of 2 percent inflation.
