Satomi's Feed
Dec 4, 2009

Q+A-What options has Japan if the yen rises again?

TOKYO, Dec 4 (Reuters) – The yen has retreated from a
14-year high against the dollar and has weakened against other
currencies since the Bank of Japan offered more short-term
funds this week to try to lower money market rates and the yen.

Japan has not intervened in currency markets since 2004 but
politicians are worried about its rise and Bank of Japan
Governor Masaaki Shirakawa said on Tuesday the policies were a
response to the yen’s rally. [ID:nT374859]

Dec 3, 2009

Dollar, yen slide after BofA payback; ECB awaited

TOKYO, Dec 3 (Reuters) – The yen and the dollar fell on
Thursday after Bank of America said it would repay $45 billion of
taxpayer bailout funds, boosting investor confidence and trimming
safety bids in those currencies.

Bank of America <BAC.N> is expected to repay its Troubled
Asset Relief Program (TARP) funds over the next few days, with
observers saying this could be the first in a wave of such
payments by major U.S. banks that have yet to give back the
government bailout money. [ID:nN0250856]

Dec 1, 2009

Yen off lows as BOJ steps disappoint; RBA hikes

TOKYO, Dec 1 (Reuters) – The yen recovered from the steepest
of its losses after the Bank of Japan fell short of expectations
for more aggressive easing measures to support the economy on
Tuesday, prompting investors to resume yen buying.

The Bank of Japan said it would introduce a new operation to
provide funds for three months at a fixed interest rate of 0.1
percent, in a bid to enhance monetary easing by trying to bring
down longer-term rates. [ID:nTKZ006325][

Dec 1, 2009

Yen falls as BOJ holds emergency meeting; RBA hikes

TOKYO, Dec 1 (Reuters) – The yen tumbled on Tuesday as the
Bank of Japan called an emergency meeting to debate easing policy
and investors unwound bets that the currency would rise on
speculation whether any steps would curb its recent gains.

Euroyen futures jumped and the yen fell after the BOJ shocked
markets by saying it would meet at 0500 GMT to discuss economic
and financial developments, coming after Japan’s finance minister
said he was open to a return to quantitative easing. [ID:nT20722]

Dec 1, 2009

Yen falls after BOJ calls meeting; Aussie slides

TOKYO, Dec 1 (Reuters) – The yen fell across the board on
Tuesday with the market speculating the Bank of Japan was
preparing to take fresh steps to support the economy, while the
Reserve Bank of Australia raised interest rates as expected and
prompted some selling of the Aussie to book profits.

Euroyen futures jumped and the yen fell against the dollar
after the BOJ surprised the market earlier in the day by saying
it would hold an extraordinary policy meeting at 0500 GMT to
discuss recent economic and financial developments, coming after
Japan’s finance minister said he was open to a return to
quantitative easing. [ID:nT20722]

Nov 30, 2009

Dlr falls as nerves steady after UAE c.bank moves

TOKYO, Nov 30 (Reuters) – The dollar fell against other major
currencies on Monday, retreating from sharp gains made last week,
after the United Arab Emirates offered emergency assistance to
banks in Dubai, soothing market fears about a looming debt
default.

The dollar pared some losses after one of two flagship firms
behind Dubai’s rapid growth, Nakheel, said it had asked for three
listed Islamic bonds to be suspended from the Nasdaq Dubai until
it could inform the market fully about the outlook for the bonds.

Nov 30, 2009

Dlr, yen fall after UAE central bank moves

TOKYO, Nov 30 (Reuters) – The dollar fell against other major
currencies on Monday, retreating from sharp gains made last week,
after the United Arab Emirates offered emergency assistance to
banks in Dubai, soothing market fears about a looming debt
default.

The yen slipped broadly with hedge funds selling it to cover
their short positions in yen crosses, and as charts suggested the
currency’s steep gains last week that took it to a 14-year peak
versus the dollar had run their course for now.

Nov 30, 2009

Dollar edges down after UAE central bank moves

TOKYO (Reuters) – The dollar edged down against other major currencies on Monday, pausing from sharp gains made last week after the United Arab Emirates offered emergency assistance to banks in Dubai, soothing the market fears about a looming debt default.

The yen fell broadly with some investors selling it in early Asian trade as charts suggested the currency’s steep gains last week that took it to a 14-year peak against the dollar had run their course.

Nov 27, 2009

Yen off highs as Japan signals growing concern

TOKYO, Nov 27 (Reuters) – The yen hit its highest level in 14
years on the dollar on Friday before trimming gains as Japanese
authorities made their presence felt by calling banks, moving one
step closer to intervention to stem the yen’s surge.

Market sources said Japan’s government and the Bank of Japan
had checked dollar/yen rates with commercial banks in morning
trade in Asia, something dealers said went further than their
normal market contact. [ID:nTKF106774]

Nov 26, 2009

Yen hits 14-year high but no intervention expected

TOKYO (Reuters) – The yen climbed to a 14-year peak against the dollar on Thursday but the market does not believe Japanese authorities will intervene anytime soon because the move reflects broad dollar weakness, not yen strength.

JAPANESE INTERVENTION UNLIKELY

Although the yen has risen on the crosses on Thursday, the market sees the appreciation as a result of the falling dollar and the prospect that U.S. interest rates will stay low for a while.