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The dollar hit fresh 3-1/2-year highs against the yen while the euro rose to nearly two-month peaks versus the Japanese currency.
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The dollar hit fresh 3-1/2-year highs against the yen while the euro rose to nearly two-month peaks versus the Japanese currency.
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NEW YORK, April 5- The U.S. dollar weakened against most currencies on Friday, hitting nearly two week lows versus the euro, as weaker-than-expected jobs data raised concerns that the pace of recovery in the American labor market has slowed down.
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LONDON, April 5- Gold edged higher on Friday, as the dollar cut earlier gains against the euro and the yen and European shares dropped as investors anticipated potentially weak U.S. non-farm payrolls data. Gold edged up 0.4 percent to $1,558.40 by 1137 GMT, but it was still down about 1.6 percent on the week and heading for its second week of declines.
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Digital currency bitcoin has seen a spike in interest coinciding with a huge rally, but it has divided opinion greatly with analysts differing on whether it's an advancement in the monetary system or just a large ponzi scheme that should be avoided.
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LONDON, April 5- The yen recovered against the dollar on Friday as investors took profit on a steep slide prompted by a surprisingly radical monetary expansion drive from the Bank of Japan.
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*BOJ pledges to pump $1.4 trillion into economy. LONDON, April 5- The yen recovered against the dollar on Friday as investors and speculators took profit on its slide to a 3-1/ 2 year low on the Bank of Japan's surprisingly radical monetary expansion drive.
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Interest in bitcoins has reached fever pitch around the world helping the price soar to an all-time high earlier this week, and Finland is firmly tuned into the zeitgeist more so than even the U.S. or Japan.
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LONDON, April 5- The yen hit a 3-1/ 2 year low against the dollar on Friday, a day after the Bank of Japan's aggressive policy easing, while European shares fell ahead of pivotal U.S. payrolls data due later in the day.
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Brendan Callan, CEO of FXCM Europe, says there is a disproportionate number of foreign exchange firms in Cyprus, because it's easy to get registered there due to relaxed regulations.
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*BOJ pledges to pump $1.4 trillion into economy. TOKYO, April 5- The yen touched a 3-1/ 2- year low on Friday after suffering its biggest one-day tumble since late 2008 in the previous session, when the Bank of Japan surprised markets with a radical campaign of monetary expansion to attack deflation.
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*Dollar on track to rise toward 100- yen mark. NEW YORK, April 5- The U.S. dollar weakened against most major currencies on Friday, hitting nearly two-week lows against the euro, as weaker-than-expected jobs data raised concerns that the pace of recovery in the American labor market has slowed.
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TOKYO, April 5- Bank of Japan Governor Haruhiko Kuroda played down concerns his unprecedented burst of monetary stimulus would create asset-price bubbles even as it delivered an immediate pay-off in global markets, with government bond yields at a record low, the yen hitting a 3-1/ 2 year trough and stocks surging to multi-year highs.
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Matt Sherwood, Head of Investment Market Research at Perpetual says Japan's market rally could fade if the government does not implement economic reforms.
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The South Korean won dropped to a fresh 7-month low against the dollar early on Friday as investors remained wary of more bellicose rhetoric from North Korea and with inter-Korean tension escalating.
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TOKYO, April 5- The yen slumped to a 3-1/ 2 year low versus the dollar on Friday, after suffering its biggest fall since late 2008 on Thursday, when the Bank of Japan surprised markets with a radical campaign of monetary expansion to attack deflation.
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*MSCI Asia ex- Japan down 0.3 pct. TOKYO, April 5- Japanese equities soared and the yen continued its tumble against the dollar and the euro on Friday after the Bank of Japan's unprecedented monetary expansion, but Asian shares eased ahead of U.S. jobs data amid rising concern over the American economy.
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TOKYO, April 5- Japan's central bank bent global markets to its will on Friday, a day after announcing the world's most intense burst of monetary stimulus, putting the yen into a nose-dive and fuelling a surge in Japanese stocks to 4-1/ 2 year highs.
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*MSCI Asia ex- Japan down 0.2 pct. TOKYO, April 5- Asian shares fell on Friday after the Bank of Japan's unprecedented monetary expansion drive prompted a global stock market rally and sank the yen overnight, while some investors turned to impending U.S. jobs data as concerns over the American economy rise.
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NEW YORK, April 4- Brent crude prices hit a five-month low near $105 a barrel on Thursday as a jump in U.S. jobless claims triggered a second day of widespread selling in oil markets, but the benchmark crude pared losses late in New York as the euro strengthened. Brent crude settled down 77 cents at $106.34 a barrel.
