Category Archives: News
Yen’s Fall Continues in Abe’s Wake
The Japanese Yen struck a 2-year trough against the U.S. Dollar during the Asian trading session on expectations that Abe Shinzo’s new government will implement a new and more aggressive stimulus policy, an action which is certain to further depreciate the safe haven Japanese currency. Continue reading
Obama Shortens Trip for Fiscal Cliff
Although it may seem like nearly everyone in the world is vacationing or enjoying a bit of winter relaxation, such luxury has eluded President Barack Obama, who was forced to shorten his Hawaiian vacation to deal with issues relating to the “fiscal cliff” Continue reading
US Sales, Consumer Confidence Slump
US consumer confidence fell to a five-month low in December. Meanwhile, in Japan, a new prime minister is set to shake things up. Get the story here. Continue reading
Safe Haven Appeal Boosts Yen, Dollar
The Japanese Yen continues to fall in the wake of this month’s election of a new government which is intent on ensuring that the Japanese economy recovers more quickly than it has done in the past. Continue reading
Fiscal Cliff Concerns Quash Risk Trade
Risk aversion was the name of the game as the U.S. Congressional Republicans failed to support their Speaker of the House John Boehner’s plan to resolve the impending fiscal cliff. Continue reading
BOJ Follows Through on Expectations
The Japanese Yen held onto earlier gains in the moments after the Bank of Japan made good on the widely expected move to increase stimulus, this time by hiking asset purchases an additional ¥10 trillion. Continue reading
Yen Pressured as Markets Await BOJ
The Japanese Yen was broadly lower during the Asian trading session, striking a 16-month trough versus the common currency Euro and a 7½-month low against the greenback, as investors consider what tomorrow’s conclusion of the Bank of Japan’s policy meeting might hold. Continue reading
Yen Firms, Euro Dips From Recent High
After taking a swift hard drop on the first business day after the new Japanese government was elected, the Japanese Yen steadied finally on Tuesday. Continue reading
Japanese Yen Hit Hard after Election
The Japanese Yen plummeted to its lowest level against the greenback in more than 20-months earlier in the Asian session following the expected win of Shinzo Abe’s Liberal Democratic Party (LDP). Continue reading
Yen Falls as Investors Prepare for BOJ
The Japanese Yen fell to a 9-month low against the U.S. Dollar during the Asian trading session today as investors await the installation of a new Japanese government that is certain to aggressively weaken the Yen in order to growth the Japanese econom… Continue reading
