The yen fell against the dollar and the euro as global stocks rebounded, but the Japanese currency may stay near two-month highs until investors get more clarity on the Federal Reserve's ultra-loose policy.
Tokyo stocks closed up 2.7 percent on Monday as investors bought battered exporter stocks, while gains in the rest of Asia were capped ahead of the Federal Reserve's meeting.
The yen rose against the U.S. dollar on Friday for a fourth straight day as investors unwound bets against the Japanese currency due to uncertainty surrounding central banks.
Stocks eased off their lows but were still broadly in the red Friday, led lower by banks, as investors digested a handful of mixed economic reports and remained on edge as concerns remained over whether central banks will pare back their stimulus programs.
Gold settled higher at $1,387 an ounce on Friday, driven by resilient demand for coins and bars and a pullback in the US equities market lifted gold on the day and for the week.
Brent crude rises to $107 and US oil strikes a nine-month high after news that US authorized sending U.S. weapons to Syrian rebels sparked concerns about Middle East supplies.
European shares closed narrowly higher on Friday, having pared gains when mixed economic reports from the U.S. did little to soothe concerns about an imminent end to the Federal Reserve's bond buying program.
Asian stocks rebounded on Friday following the previous day's savage sell-off as strong U.S. data lifted confidence about the world's largest economy.
Stocks rallied to close near session highs Thursday, with major averages wiping out the previous session's losses, lifted by a pair of better-than-expected economic data and as investors shrugged off another steep selloff in the Japanese market.
The yen rose against the dollar to levels not seen since the Bank of Japan unleashed its aggressive stimulus in early April.
Brent crude oil settled higher, reversing an earlier decline after U.S. data showed stronger-than-expected retail sales and a fall in jobless claims, although subdued global energy demand limited oil's rebound.
Gold settled roughly 1 percent lower as encouraging U.S. retail sales and job data fueled speculation on possible scaled-back Fed stimulus.
European shares pared losses to close marginally lower on Thursday, after upbeat economic reports from the U.S.
Japan's benchmark Nikkei 225 accelerated its losses to plunge over 6 percent on Thursday in a vicious sell-off.
The rout in global financial markets that has spared few asset classes extended into Thursday, with Asian stocks plunging across the board.
Stocks finished near session lows in choppy trading Wednesday, with the Dow posting its first three-day losing streak this year, amid lingering worries of Fed tapering.
The dollar recovered lost ground against the yen on Wednesday after a sharp sell-off the previous day as investors sought to buy at cheaper levels.
Gold prices ended higher, as losses in US equities and a drop in the U.S. dollar prompted the metal to rebound from the previous session's three-week low.
US light, sweet crude prices end higher at $96 a barrel due to worry over supply disruptions but capped by a jump in inventories in US and estimate cut for oil demand.
European shares closed lower on Wednesday, mirroring losses in U.S. markets.
European shares were flat on Friday as talks over the "fiscal cliff" stalled.
European shares closed lower on Wednesday for a third consecutive session, with resurging worries about the global economic outlook undermining investor sentiment.
Standard & Poor's decision to cut Spain's credit rating to one notch above junk status is weighing on markets.
Asian shares dipped on Tuesday following losses on Wall Street after U.S. manufacturing activity hit a three-year low in November.
As the Chinese boom slows Hermes, Remy and other posh names are still going full throttle in Asia.
The worst US drought in over 50 years is pushing commodity prices to record highs.