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Jan 13, 2014

Dollar hits near one-month low vs. yen after weak U.S. jobs data

SINGAPORE/SYDNEY (Reuters) – The dollar hit its lowest level in nearly a month versus the yen on Monday after surprisingly soft U.S. jobs data disappointed dollar bulls, with traders reassessing how quickly the Federal Reserve can scale back stimulus.

The dollar slid 0.6 percent to 103.48 yen, having fallen to 103.26 yen at one point, its lowest level since December 18. The greenback’s losses accelerated after it breached Friday’s intraday low of 103.83 yen.

Jan 13, 2014

Dollar hits near 1-mth low vs yen after weak US jobs data

SINGAPORE/SYDNEY, Jan 13 (Reuters) – The dollar hit its
lowest level in nearly a month versus the yen on Monday after
surprisingly soft U.S. jobs data disappointed dollar bulls,
with traders reassessing how quickly the Federal Reserve can
scale back stimulus.

The dollar slid 0.6 percent to 103.48 yen, having fallen to
103.26 yen at one point, its lowest level since Dec. 18.
The greenback’s losses accelerated after it breached Friday’s
intraday low of 103.83 yen.

Jan 7, 2014

Dollar firmer vs yen but gains limited after disappointing U.S. data

SINGAPORE/SYDNEY, Jan 7 (Reuters) – The dollar edged higher
versus the yen on Tuesday but was still struggling to recoup its
losses from the previous day, when investors took aim at the
greenback in the wake of disappointing U.S. data.

Trading is usually lacklustre in the first full trading week
of the year as investors trickle back to their desks, with
position adjustments dominating trade. That has given some
support to the yen, the worst performing major currency in 2013
due to Japan’s ultra-loose monetary policy.

Jan 6, 2014

Yen edges higher, gets respite from recent selloff

SINGAPORE (Reuters) – The yen edged higher on Monday and pulled away from recent five-year lows versus the dollar and the euro, with traders using weakness in Tokyo stocks as a pretext to buy the Japanese currency.

Although Japanese equities often take cues from moves in the yen, the correlation can work the other way as well.

Jan 3, 2014

Yen firms vs dollar and euro in short-covering rally

SINGAPORE, Jan 3 (Reuters) – The yen rose in a
short-covering rally on Friday, getting some respite in the wake
of its recent slide to five-year lows versus the dollar and the
euro.

The yen’s climb built up steam due to stop-loss selling in
the dollar and the euro versus the Japanese currency, traders
said.

Jan 3, 2014

Dollar clings near 2-week highs, buoyed by upbeat data

SINGAPORE, Jan 3 (Reuters) – The dollar held steady near a
two-week high versus a basket of currencies on Friday after
positive U.S. economic data reinforced expectations the Federal
Reserve will continue to step away from its bond buying
stimulus.

U.S. factory activity held near a 2-1/2-year high in
December and the number of Americans filing new claims for
jobless benefits fell again last week, data showed on Thursday,
suggesting the world’s largest economy was on stable footing.

Jan 2, 2014

Dollar near five-year high vs. yen, eyes on U.S. data

SINGAPORE (Reuters) – The dollar hovered near a five-year high versus the yen on Thursday, with the focus on whether forthcoming U.S. data will support the case for the Federal Reserve to gradually scale back its bond-buying stimulus over the course of 2014.

The dollar held steady at 105.24 yen, clinging near a high of 105.41 yen set on Monday according to Thomson Reuters data, the dollar’s strongest level versus the yen since October 2008.

Jan 2, 2014

Dollar near five-year high vs. yen, eyes on U.S. data

SINGAPORE (Reuters) – The dollar hovered near a five-year high versus the yen on Thursday, with the focus on whether forthcoming U.S. data will support the case for the Federal Reserve to gradually scale back its bond-buying stimulus over the course of 2014.

The dollar held steady at 105.24 yen, clinging near a high of 105.41 yen set on Monday according to Thomson Reuters data, the dollar’s strongest level versus the yen since October 2008.

Jan 2, 2014

Dollar near five-year high vs. yen, eyes on U.S. data

SINGAPORE (Reuters) – The dollar hovered near a five-year high versus the yen on Thursday, with the focus on whether forthcoming U.S. data will support the case for the Federal Reserve to gradually scale back its bond-buying stimulus over the course of 2014.

The dollar held steady at 105.24 yen, clinging near a high of 105.41 yen set on Monday according to Thomson Reuters data, the dollar’s strongest level versus the yen since October 2008.

Jan 2, 2014

Singapore GDP contracts in Q4, hurt by sluggish manufacturing

SINGAPORE (Reuters) – Singapore’s economy contracted more than expected in the fourth quarter as manufacturing activity weakened, data showed on Thursday, casting some doubt on market expectations for a slight pick-up in growth over 2014.

According to advance estimates from Singapore’s Ministry of Trade and Industry, GDP contracted an annualised and seasonally adjusted 2.7 percent in the final quarter of 2013 from the July-September period.