LONDON, May 23- The yen vaulted against the dollar and the euro on Thursday as a slide in equities prompted investors to take profits on the safe-haven Japanese currency's recent sharp falls.» Read More
LONDON, May 23- The yen vaulted against the dollar and the euro on Thursday as a slide in equities prompted investors to take profits on the safe-haven Japanese currency's recent sharp falls.
LONDON, May 23- The yen vaulted to two-week highs against the dollar and the euro on Thursday as a slide in equities encouraged profit-taking on the safe-haven currency's recent sharp falls.
LONDON, May 22- Concerns over the future of the U.S. The shift from riskier assets to safer markets was triggered when Fed Chairman Ben Bernanke told a congressional committee on Wednesday the central bank could scale back the pace of bond purchases at one of its next few policy meetings.
TOKYO, May 23- The yen gained across the board on Thursday, bouncing sharply off a 4-1/ 2- year low against the dollar and notching up a two-week high against the euro after a whiplash move in stocks prompted investors to scramble for safety in Japanese bonds.
CNBC's Japan correspondent, Kaori Enjoji, reports on the "extremely volatile" Nikkei session which saw record volumes being traded and ended with a 7.3% loss.
Liz Ann Sonders, chief investment strategist and senior vice president at Charles Schwab, discusses the "remarkable" drop in the Nikkei and says it was caused by "short-term momentum money".
May 23- South Korea's economic problems aren't made in Japan. Investors convinced that Japan's weakening yen will help its companies claw global market-share back from Korean competitors have bought almost $75 billion worth of Japanese stocks so far this year.
Greg Matwejev, Director, FX Hedge Fund Sales and Trading at Newedge says that the U.S. dollar will be the trade of the year.
Nick Verdi, Director, FX Strategy Asia Pacific ex-Japan at Barclays tells CNBC's Cash Flow how to play the currency markets in the wake of U.S. Federal Reserve Chairman Ben Bernanke's latest comments.
*Fast Retailing jumps as retail investors in hot pursuit. TOKYO, May 23- Japan's Nikkei average soared 1.9 percent to a 5-1/ 2- year high on Thursday, aided by exporters as the yen weakened against the dollar after the U.S. The Nikkei Honda Motor Co, Canon Inc, TDK N225> was up 303.11 points to 15,930.37 after trading as high as 15,942.60, its best mark since December 2007.
Daniel Ernst, Principal of Hudson Square Research says Third point's proposal is realistic one and might just be a win-win for Sony.
TOKYO, May 23- Japan's Nikkei average scaled fresh 5-1/ 2- year highs on Thursday, aided by currency-sensitive exporters as the yen weakened against the dollar after U.S. Federal Reserve chief suggested the central bank could scale back stimulus in coming months.
NEW YORK, May 22- The dollar rose to a 4-1/ 2- year high against the yen and a near three-year peak against a currency basket on Wednesday after Federal Reserve Chairman Ben Bernanke stoked speculation the U.S. central bank could slow its asset buying in coming months.
NEW YORK, May 22- The dollar rallied to a 4-1/ 2- year high against the yen and a near three-year peak against a currency basket on Wednesday after Federal Reserve Chairman Ben Bernanke stoked speculation the U.S. central bank could begin slowing its asset buying in coming months.
*Dollar rallies after Bernanke testifies to Congress. *BOJ upgrades economic assessment, stands pat as expected.
Steven Englander, Citibank's G10 FX strategy global head, discusses how curbing the Fed's current stimulus program will impact bonds and currencies.
What should investors do with equity markets at record highs? Here is a recap of trade tips from today.
Tokyo is proposing a low tax zone for foreign companies to help accelerate economic growth. The proposal, part of Prime Minister Abe's strategy, would aim for the new zone to bring at least part of the capital's corporate tax rate close to those of Singapore and Hong Kong.
Jonathan Webb, head of FX strategy at Jefferies Bache, explains that there is still plenty to keep the yen moving and adds that outflows from Japan should continue for the next six months.
Rob Ryan, Director, Market Strategy, APAC at RBS see USD/JPY movements as primarily a U.S. rates story. Uwe Parpart of Reorient Financial Markets joins the conversation.