NEW YORK, May 1- The dollar touched a two-week high against the yen on Friday and rose from a two-month low versus a basket of major currencies, supported by signs that the U.S. economy may be stabilizing after a recent soft patch. Volumes was thin, with most of Europe shut for the May Day holiday. "The numbers were mixed and while there has been some improvement in the...» Read More
Japan's inflation ticked up in March in a small sign of progress in the Bank of Japan's two-year-long effort to kick start the long-moribund economy.
SYDNEY, May 1- The euro stood at two-month highs against the dollar and yen early on Friday, having rallied for a second session on the back of another surge in German yields as fears of deflation in Europe eased just a little. The common currency last fetched $1.1215, not far from the overnight peak of $1.1267. It has clearly broken above its recent $1.0457- $1.10625...
*Stronger-than-expected U.S. data helps dollar. *Euro rises to 2- month high, posts best month in 4-1/ 2 years. NEW YORK, April 30- The dollar rose against the Japanese yen Thursday after U.S. data showed signs of a stabilizing labor market and an economy that was gathering momentum, putting the Federal Reserve on track to raise interest rates at least once this year.
*Stronger-than-expected U.S. data helps dollar. *Euro rises to 2- month high, but off its peak. NEW YORK, April 30- The dollar gained against the yen Thursday after U.S. data showed signs of a stabilizing labor market and an economy that was gathering momentum, putting the Federal Reserve on track to raise interest rates at least once this year.
Sony said it expects operating profit to more than quadruple this fiscal year, boosted by strong sales of camera sensors and cost cuts.
The Bank of Japan (BOJ) kept policy steady in an 8-1 vote Thursday, but cut its forecasts for economic growth and inflation in its outlook statement.
SINGAPORE, April 30- The dollar touched a one-month low versus the yen on Thursday, after the Bank of Japan held off from further easing and pushed back the deadline to hit its 2 percent inflation target to around the first half of fiscal 2016.. The dollar briefly slipped to 118.50 yen, its lowest level since late March. It later trimmed some losses, and last traded at...
SINGAPORE, April 30- The yen clawed higher on Thursday after the Bank of Japan held off from expanding its monetary stimulus, disappointing some market players who had been looking for further easing. The dollar extended its losses and slipped to a low of 118.54 yen after the BOJ decision, and last traded at 118.64 yen, down 0.3 percent on the day.
Jesper Koll, managing director & Head of Japanese Equity Research at JPMorgan Securities Japan, explains why the Bank of Japan can hold back further easing as Japan sees a cycle of "good deflation."
Ben Collett, head of Asian Equities at Sunrise Brokers, says the Bank of Japan needs positive expectations that inflation can rise and a weaker yen, which could hit 250 per dollar in the long run.
Klaus Baader, head of Research for Asia at Societe Generale, says the Bank of Japan will need to admit that its inflation target has to be reduced at today's meeting, paving the way for more stimulus by the fourth quarter.
SYDNEY, April 30- The euro was broadly higher on Thursday as German yields soared on easing deflation fears, while doubts about the strength of the U.S. recovery took a temporary toll on the dollar. The euro came within a whisker of $1.1200, pulling well away from this month's low of $1.0521. It also powered towards 133.00 yen, reaching highs last seen on March 5.
Ed Rogers, CEO of Rogers Investment Advisors, says the Bank of Japan can afford to wait and see amid wage increases and improvements in corporate profits.
Japan's already less-than-sterling credit rating took a hit from Fitch's downgrade, but its bonds and currency are set to stay impervious to the blow.
TOKYO, April 27- Canon Inc on Monday said net profit fell 28.7 percent in its first quarter, falling short of analyst estimates, as the Japanese company faced slumping sales of digital compact cameras. Profit was 33.93 billion yen in January-March, compared with the 53.64 billion yen average estimate of 5 analysts according to Thomson Reuters data.
Hans Goetti, Head of Investment Asia at Banque Internationale à Luxembourg, says the decision to restart Japan's nuclear program is an unpopular but necessary decision for Prime Minister Abe.
April 24- 3 D printer maker 3 D Systems Corp estimated first-quarter revenue and profit well below analysts' expectations, saying a weaker euro and yen and the aftermath of lower oil prices had forced some of its clients to curb orders. Shares of 3 D Systems fell as much as 10.5 percent in morning trading on Friday. The company estimated adjusted earnings of 2- 4 cents...
*Australia CPI data next test for AUD. SYDNEY, April 22- The yen nursed modest losses early in Asia on Wednesday, while the other major currencies drifted in familiar ranges with investors seemingly lacking enough conviction to break to new ground. Notably, the New Zealand dollar touched a three-month high of 92.10 yen, before easing back to 91.71 yen.
If reports about the Bank of Japan planning to lower its inflation outlook are true, the yen could fall to 130-140 in the future, says Peter Boardman, managing director of Tradewinds.
*U.S. consumer prices rise for a 2nd month. NEW YORK, April 17- The dollar rebounded from a three-week low against the yen and a 10- day trough against a currency basket on Friday, bolstered by data showing inflation starting to creep into the U.S. economy, a development that should keep the Federal Reserve on track to lift interest rates this year.