Satomi's Feed
Nov 24, 2009

JGB futures gain on Nikkei fall, firm longer bonds

TOKYO, Nov 24 (Reuters) – Japanese government bond futures
rose on Tuesday as the Nikkei share average fell and as some
investors picked up longer-dated cash bonds on dips.

Expectations of month-end buying also put downward pressure
on longer maturities, although some felt the pace of JGB yield
drops could slow after the benchmark 10-year note yield slid
below 1.30 percent last week for the first time in about a month.

Nov 20, 2009

Dollar, yen hold gains; high-yielders still bruised

TOKYO, Nov 20 (Reuters) – The dollar and yen on Friday kept
their broad gains made the previous day but investor selling of
higher-yielding currencies slowed as profit-booking on their
rallies of the past few months eased up.

The Australian dollar edged back from early losses and the
New Zealand dollar climbed off a two-week low as activity in
Asian trading time slowed.

Nov 20, 2009

Dlr and yen gain, high-yielders remain vulnerable

TOKYO, Nov 20 (Reuters) – The dollar and yen kept their broad
strength on Friday as investors continued to sell higher-yielding
currencies and took profits from gains made in the past few
months in risky assets.

The Australian dollar fell and the New Zealand dollar hit a
two-week low after sharp slides the previous day as more
investors cut long positions in those currencies ahead of a long
weekend in Japan and the Thanksgiving holiday in the U.S. next
week.

Nov 2, 2009

Yen cuts earlier gains as it slides vs Aussie

TOKYO, Nov 2 (Reuters) – The yen reversed steep early gains
and slid on Monday in choppy trade as market players bought the
Australian dollar against the Japanese currency ahead of an
expected rate hike in Australia this week.

The yen advanced broadly in early Asian trade, touching its
highest levels in several weeks, after exceptionally low trade in
forex margin deals on the South African rand against the yen,
which triggered a knock-on fall in crossyen pairs.

Oct 30, 2009

Dollar awaits more data, yen up as corporates active

TOKYO, Oct 30 (Reuters) – The dollar drifted sideways against
the euro on Friday as investors awaited more U.S. data later in
the day while the yen rose, helped by month-end demand from
Japanese companies.

Analysts said month-end dollar selling for yen had been
weighing on the U.S. currency in Asian trading, while yen crosses
retraced some of their rebound of the previous day as short-term
short-covering faded.

Oct 30, 2009

Dlr drifts as more data in focus after GDP cheer

TOKYO, Oct 30 (Reuters) – The U.S. dollar drifted sideways
after retreating against a basket of currencies on Friday as
investors waited for more data later in the day which could sour
the cheerful sentiment prompted by stronger U.S. growth numbers
the previous day.

The greenback was back on the defensive on Thursday after
government data showed the U.S. economy expanded in the third
quarter, its first quarterly growth in more than a year,
reversing falls in growth-linked currencies and the euro on
profit-taking.

Oct 27, 2009

Japan life insurers to stay clear of FX risk

TOKYO, Oct 27 (Reuters) – Japan’s biggest life insurers,
whose investments in local and global markets total $1.6
trillion, will stick to their policy of minimising exposure to
currency volatility and focus on buying domestic debt.

After being punished by a surge in the yen to 13-year highs
early this year, some of the top nine insurers told Reuters
this month they will keep dumping unhedged foreign bonds in
second half of the April-March year. [ID:nJPINS]

Oct 27, 2009

Dollar eases as selling of high-yielders pauses

TOKYO, Oct 27 (Reuters) – The dollar eased against a basket
of currencies on Tuesday, trimming some of the previous day’s
sharp gains as investor selling of stretched higher-yielding
currencies and the euro paused.

The euro had its steepest drop since early August on Monday,
falling nearly 1 percent, and the dollar index posted its best
daily gain since September as investors unwound short dollar
positions after a sharp fall in stocks and commodities.

Oct 26, 2009

Dollar falls to 14-mth low vs euro on China report

TOKYO, Oct 26 (Reuters) – The dollar fell to a 14-month low
against the euro on Monday as a Chinese report saying Beijing
should increase its holdings of euros and yen in its foreign
reserves led investors to sell the greenback.

The yen also got a boost from the opinion piece in the
Financial News, a paper published by the People’s Bank of China,
which said that the dollar should remain the principal currency
in China’s foreign exchange reserves but that the share of euros
and yen should increase. [ID:nPEK285229]

Oct 16, 2009

Meiji Yasuda to cut unhedged foreign bonds in H2

TOKYO, Oct 16 (Reuters) – Japan’s Meiji Yasuda Life Insurance
Co said it plans to cut its unhedged foreign bond holdings by
around $330 million in the second half of this financial year due
to concerns about persisting currency risk.

Japan’s top nine insurers held around $1.6 trillion in assets
as of March 2009 — about the size of Brazil’s economy — and
investors closely watch their plans because their investments can
affect financial markets.