Japanese Yen
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*Euro posts 1st weekly gain in three vs dollar after German Ifo. NEW YORK, May 24- The dollar posted its worst week against the yen in a year on Friday as volatility in stocks and uncertainty about the outlook for U.S. monetary policy spurred investors to pare back bets against the Japanese currency.
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*Euro posts 1st weekly gain in three vs dollar after German Ifo. NEW YORK, May 24- The dollar posted its worst week against the yen in a year on Friday as volatility in stocks and uncertainty about the outlook for U.S. monetary policy spurred investors to pare back bets against the Japanese currency.
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NEW YORK, May 24- The dollar was headed on Friday for its worst week against the yen in nearly two years, extending the prior session's selloff, as volatility in Japan's stock market spurred investors to book profits on their bets against the Japanese currency.
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This pro explains what levels will matter for gold trading, and reveals the one factor that could lead to a gold recovery.
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*German Ifo business climate survey well above forecasts. LONDON, May 24- The euro rose against the dollar on Friday after a German business sentiment survey beat forecasts, suggesting Europe's largest economy is picking up and making further euro zone monetary easing less likely.
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HSBC has turned bullish on the U.S. dollar, as a result of a global currency war which the bank said is "intensifying", with a number of central banks following in Japan's footsteps.
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TOKYO, May 24- The yen surged on Friday as volatility in Japanese shares after a 7.3 percent plunge the day before spooked yen-sellers, prompting a wholesale unwinding of bets to profit from the Bank of Japan's monetary easing. The dollar fell 0.3 percent to 101.63 yen, and was down 2.0 percent from Wednesday's 4-1/ 2- year high of 103.74 yen.
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Geoffrey Yu, FX strategist at UBS, discusses the U.S. dollar's recovery against the Japanese yen as well as the Nikkei's drop and says it's a "very healthy correction" for the USD/JPY bulls.
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Brian Jackson, Global FX Strategist at Coutts still expects further strength in Japan equities and sees dollar-yen moving higher but says it won't be a smooth ride.
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TOKYO, May 24- The dollar recovered from two-week lows against the yen on Friday, as Japanese shares rebounded from the previous day's 7.3- percent plunge, which had spurred profit-taking in the lucrative yen-selling trade.
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TOKYO, May 24- The dollar recovered from two-week lows against the yen on Friday as a safety-bid for the Japanese currency ebbed after the Nikkei share average rebounded from the previous day's 7.3- percent plunge and Wall Street regained some stability by the close. Overnight on Wall Street, U.S. stocks slipped but finished sharply off their session lows.
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Tai Hui, Chief Asia Pacific Strategist at J.P. Morgan Funds weighs in on the direction key Asian markets are likely to take going forward and the risks investors need to keep an eye out for.
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China's factory activity shrank for the first time in seven months in May, a survey showed, deepening fears that China's economic recovery has stalled and a sharper cooldown may be imminent.
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China's factory activity shrank for the first time in seven months in May, a survey showed, deepening fears that China's economic recovery has stalled and a sharper cool down may be imminent..
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NEW YORK, May 23- The yen broke recent trends and jumped against the dollar and the euro on Thursday after a slide in stocks sparked by a drop in Chinese factory activity prompted a rush for the safe-haven Japanese currency.
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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.
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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.
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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.
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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.
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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.
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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".