Category Archives: News
U.S. Dollar Index Rises on Labor Data
The U.S. Dollar Index struck a 2-month peak during the Asian session following Friday’s unexpectedly good U.S. labor report which suggested that the economic fundamentals of the United States might be built on sturdier stuff than originally presumed. Continue reading
NFP Data Sends Dollar Up Against Yen
Positive expectations for Friday’s nonfarm payroll report sent the Dollar higher against the Yen, as investors continued the week’s pullback from safe-haven currencies. Continue reading
USD Rises Against Yen on Importer Selloff
During the Asian session, the Japanese Yen edged closer to a 4-month low, attributed primarily to an importer-driven selloff and a reconsideration of the recent Bank of Japan’s easing efforts. Get the full story here. Continue reading
Yen Pushed Higher after BoJ Decision
Following the Bank of Japan’s stimulus announcement yesterday, the Yen slipped off a 1-week high versus the U.S. Dollar, largely attributed to an increase in investors’ risk appetite. Continue reading
Yen Softer as BoJ Decision Looms Today
The Japanese Yen strayed close to a 4-month trough against the U.S. Dollar as a Bank of Japan monetary decision looms, and there is near certainty among traders that the Bank of Japan will provide more stimulus. Continue reading
Yen Feeling Pressure from BoJ Decision
The Japanese Yen began the trading week lower, with investors holding the Yen in check until after the Bank of Japan announces its monetary policy decision tomorrow which is widely believed to include additional easing measures to ensure that the 1% in… Continue reading
Yen Trend Intact Despite Small Break
The Japanese Yen got some respite during the Asian trading session though investors remain convinced that the safe haven currency is due for a significant fall with the Bank of Japan’s policy meeting ahead next week. Continue reading
Dollar Lifted on BoJ’s Expectations
The U.S. Dollar moved higher against the Japanese Yen during the Asian trading session, with speculation still high that the Bank of Japan will intervene in the currency’s appreciation. Continue reading
Euro Skids as Sentiment Deteriorates
The Euro slipped broadly in the Asian trading session, striking a 1-week trough against the U.S. Dollar as risk appetite waned on worries over the global growth slowdown coupled with a rise in Spanish borrowing costs following the ratings downgrade of Spain’s five regions. Continue reading
Yen Softer, BoJ Easing Prospects Rise
During the Asian trading session, the Japanese Yen struck multi-month lows against the U.S. Dollar and single currency Euro on investor speculation that the Bank of Japan is prepared to intercede in the Japanese currency’s strong appreciation. Continue reading
