'It's a Big Moment for Japan': Fed's Bullard:
Japanese Yen
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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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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 the 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".
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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.
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Greg Matwejev, Director, FX Hedge Fund Sales and Trading at Newedge says that the U.S. dollar will be the trade of the year.
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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.
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*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.
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Daniel Ernst, Principal of Hudson Square Research says Third point's proposal is realistic one and might just be a win-win for Sony.