Yen may gain post-BOJ, but carry role to return
TOKYO, March 17 (Reuters) – The Bank of Japan boosted its
special fund-supply operation in a split-vote on Wednesday,
disappointing market players hoping for more aggressive action
and potentially spurring bets for a further yen rise.
Market players may test the resolve of policymakers by buying
the yen on top of expected purchases by Japanese exporters and
institutional investors before fiscal year-end this month.
Dollar slips before Fed meeting, long positions cut
TOKYO (Reuters) – The dollar fell against the yen and cut gains versus the euro on Tuesday with some traders trimming dollar long positions ahead of a Federal Reserve policy-setting meeting.
The yen gained broadly after investors found no new reason to sell the currency further after a flurry of media reports that the Bank of Japan is leaning toward easing steps this week, prompting them to trim yen short positions, traders said.
Dollar gains on weaker stocks, yen subdued on BOJ
TOKYO (Reuters) – The dollar rose broadly on Monday as a drop in Asian stocks prompted some investors to shy away from riskier assets such as the euro and sterling which have been hit by sovereign debt concerns.
The yen was also on the defensive against the dollar, hovering within striking distance of a three-week low, on growing expectations that the Bank of Japan may consider loosening monetary policy further this week.
Steady in Asia, eyes on retail data
TOKYO, March 12 (Reuters) – U.S. Treasuries were steady in
Asia on Friday with many investors sitting on the sidelines ahead
of retail sales and consumer sentiment data due later and a
Federal Reserve meeting next week.
Regional stocks edged up on Friday with Japan’s Nikkei share
average climbing 0.8 percent <.N225> and MSCI’s index of other
Asian Pacific shares <.MIAPJ0000PUS> heading for a fifth straight
week of rises, putting mild pressure on Treasury futures.
[MKTS/GLOB]
Puzzled by BOJ policy moves? Watch the yen
TOKYO (Reuters) – Trying to guess when the Bank of Japan will make its next policy move? For now, try watching the yen.
BOJ sources, talking to media including Reuters, have said in the past week that the board is considering expanding special money market operations, just as the yen strengthened toward a 14-year high against the dollar.
Yen up after strong China data, Aussie falls
TOKYO (Reuters) – The yen rose on Thursday after data showed China’s economy grew at a brisk pace while inflation picked up, adding to expectations that the country will take more monetary tightening steps and let the yuan rise.
The yen climbed as traders cut their long positions in other higher-yielding currencies after the data showed Chinese consumer inflation rose more than expected in the year to February, helping the Japanese currency to cut some of the losses it suffered the previous day.
Yen holds firm, Aussie supported before China data
TOKYO (Reuters) – The yen held firm on Wednesday on expectations of a pick up in Japanese repatriation flows before the end of the financial year, while the Australian dollar was supported ahead of trade data from China.
Traders said Japanese exporters have sold the euro and the dollar this week, repatriating some of their overseas earnings in the run-up to the fiscal year-end on March 31.
Yen dips, dollar supported ahead of payrolls
TOKYO (Reuters) – The yen slipped broadly on Friday on climbing Asian shares and as China reaffirmed its easy monetary stance, prompting short-term players to buy higher-yielding currencies.
The dollar rose against the yen and was supported versus other major currencies as investors grew cautious about selling the greenback too far after worries that views on U.S. payroll numbers due later in the day may have been too pessimistic.
Euro dips before ECB but Greece hopes support
TOKYO, March 4 (Reuters) – The euro eased against the dollar
on Thursday ahead of a European Central Bank meeting but retained
some support as investors encouraged by Greece’s latest austerity
measures cut some of their record short positions in the single
currency.
The euro was dragged down by its fall against the yen as
short-term players sold higher-yielding currencies after Asian
stocks faltered and prompted investors to trim riskier positions,
traders said. That move also pushed the dollar to a three-month
low against the yen.
Dollar slips broadly, euro firmer on Greece hopes
TOKYO, March 3 (Reuters) – The dollar touched its lowest in
more than two months against the yen on Wednesday as investors
dumped long positions against other currencies that had built up
to levels not seen in more than a year.
Investors have been picking up dollars in recent months as
Greece’s credit and fiscal woes hit the euro and worries over a
potential hung parliament and speculation that Britain’s
asset-buying scheme could be revived knocked the pound lower.
