Satomi's Feed
Apr 28, 2010

yr yield dips to 4-mth low on euro-zone debt woes

TOKYO, April 28 (Reuters) – The yield on the benchmark
10-year Japanese government bond fell to a four-month low on
Wednesday on safe-haven bids after downgrades to Greece and
Portugal’s credit ratings sent stocks tumbling worldwide.

JGB futures climbed to a seven-week high as Tokyo shares fell
more than 2 percent <.N225> following Wall Street’s drop the
previous day after ratings agency Standard and Poor’s slashed
Greek debt to junk status and downgraded Portugal.
[ID:nLDE63P0LU]

Apr 27, 2010

JGBs rise on Nikkei, investor demand; 2-yr sale eyed

TOKYO, April 27 (Reuters) – Japanese government bond futures
rose on Tuesday as Tokyo stocks edged lower and investors bought
cash bonds before a string of public holidays next week.

Investors were looking to buy bonds because transactions done
on Tuesday settle after May 3-5, when Tokyo markets are closed
for the “Golden Week” holidays, traders said.

Apr 27, 2010

Japan life insurers go for unhedged foreign bonds

TOKYO, April 27 (Reuters) – Some of Japan’s biggest life
insurers plan to increase foreign bond holdings without currency
hedges this fiscal year, thawing their conservative post-crisis
investment strategy in a way which could weigh on the yen.

Eight of the top nine insurers, whose investment capital
roughly totals the size of Brazil’s economy, do not expect the
dollar to revisit a 14-year low below 85 yen this fiscal year to
March 31 due to the prospect of rising interest rates in the
United States.

Apr 20, 2010

Yen eases, Aussie up but risk uptake lacks momentum

TOKYO, April 20 (Reuters) – The yen slipped against other
major currencies on Tuesday as a sell-off in growth-linked
currencies waned and the Aussie firmed after upbeat central bank
minutes reinforced expectations for more interest rate rises.

Investor appetite for riskier assets was supported by some
positive U.S. earnings reports, which helped Wall Street shares
rise and countered fears about a broader regulatory impact from
the fraud case brought against Goldman Sachs <GS.N>.

Apr 20, 2010

Yen eases as risk sentiment resilient, Aussie up

TOKYO (Reuters) – The yen slipped against other major currencies on Tuesday as a sell-off in growth-linked currencies waned and the Aussie firmed after upbeat central bank minutes reinforced expectations for more interest rate rises.

Investor appetite for riskier assets was supported by some positive earnings reports from the United States, which helped Wall Street shares rise and countered fears about a broader regulatory impact from the fraud case brought against Goldman Sachs <GS.N>.

Apr 15, 2010

Dollar on defensive after strong China data

TOKYO, April 15 (Reuters) – The dollar stayed on the
defensive on Thursday while commodity currencies like the Aussie
held firm after data reinforced views that China’s economic
growth was accelerating and Beijing may soon revalue its
currency.

But the reaction was mostly subdued as the results matched
those indicated previously by sources, traders said.

Apr 14, 2010

Meiji Yasuda to boost its unhedged foreign bonds

TOKYO, April 14 (Reuters) – Japan’s Meiji Yasuda Life
Insurance Co said on Wednesday that it plans to boost its
unhedged foreign bond holdings in a bid for higher yields, a move
that could weigh on the yen in the coming months.

The nation’s third-largest insurer also said it would reduce
its hedged foreign debt holdings due to rising hedging costs amid
the prospect that the United States will raise interest rates
sooner than the euro zone or Japan, suggesting more fund flows
into longer-dated Japanese government bonds.

Apr 9, 2010

Yen retreats after rise on yuan talk; euro struggles

TOKYO, April 9 (Reuters) – The yen retreated on Friday on
selling by short-term players on the view that the currency’s
rise the previous day on talk of a near-term yuan revaluation was
overdone.

The euro rose earlier as investors trimmed record-high short
positions, but the single currency struggled to keep those gains
as worries about debt-laden Greece simmered in the background.

Apr 9, 2010

Yen retreats after rise on yuan talk

TOKYO (Reuters) – The yen retreated against the dollar and other major currencies on Friday, cutting gains made the previous day on talk that China is likely to allow a modest appreciation in the yuan.

The euro rose earlier as investors trimmed record-high short positions, but the single currency struggled to keep those gains as worries about debt-laden Greece simmered in the background.

Apr 5, 2010

Dollar pauses after hitting 7-month high vs yen

TOKYO (Reuters) – The dollar eased against the yen on Monday with traders pocketing profits after the greenback vaulted to its highest in more than seven months earlier in the day.

In holiday-thinned early Asian trade, the dollar rose to near the 95 yen mark, adding to a 2.8 percent climb last week, after generally upbeat jobs data indicated the U.S. economic recovery is on a solid footing.