CORRECTED-DOLLAR/YEN EXTENDS GAINS, HITS 6- YEAR HIGH OF 110.31 YEN.» Read More
TOKYO, Oct 31- Japanese life insurers are looking to buy more foreign bonds in the six months to March as yields on domestic bonds have fallen to uneconomical levels due to the Bank of Japan's massive purchases as part of its monetary easing programme. Investment plans by Japanese life insurers, which collectively manage more than 180 trillion yen of assets, are...
Mirza Baig, Asian Currency Strategist at BNP Paribas, outlines his investment strategy following the Fed's decision. He later explains why he expects the dollar-yen pair to hit 124 by end-2015.
*Kiwi slides on softer New Zealand rate outlook. TOKYO, Oct 30- Asian stocks fell and the dollar surged to a three-week high versus the yen after the U.S. MSCI's broadest index of Asia-Pacific shares outside Japan was down 0.6 percent.
TOKYO, Oct 30- Asian stocks dipped and the dollar hovered at three-week highs versus the yen after the U.S. MSCI's broadest index of Asia-Pacific shares outside Japan was down 0.5 percent in early Asian trade on Thursday. Tokyo's Nikkei bucked the trend and rose 0.3 percent, taking heart from a significantly weaker yen.
Chris Konstantinos, Director of International Portfolio Management at Riverfront Investment Group and Ron Napier, Head of Napier Investment Advisors, discuss their forecasts for the dollar-yen pair.
Steven Saywell, global head of FX strategy at BNP Paribas, says investors should buy the dollar against low yielding currencies like the euro and yen as the U.S. Federal Reserve approaches a rate hike.
SYDNEY/ TOKYO, Oct 28- The U.S. dollar nursed modest losses on Tuesday, having slipped overnight after soft economic data tempered risk appetite and pushed safe-haven U.S. debt yields lower. The greenback eased to 107.805 yen, retreating from Monday's near three-week peak of 108.38. It also ceded a bit of ground against the euro, which last traded at $1.2711 off...
TOKYO, Oct 27- Japanese stocks rose on Monday as a weaker yen boosted exporter shares and investors confidently awaited upcoming earnings announcements. "Japan's our top pick market to buy back as we head into earnings season," said Jonathan Garner, managing director of research at Morgan Stanley, citing yen weakness as a driver of profit growth.
The diagnosis of a New York Ebola case pushed Europe stocks lower, spurring worries that Wall Street may give up recent gains.
*Sterling eyes Q3 UK GDP data. LONDON, Oct 24- The euro slipped on Friday, as investors were cautious ahead of the results on Sunday of stress tests on euro zone banks, while the yen was underpinned by safe-haven flows due to a fresh Ebola scare in New York. The euro zone's 130 biggest banks received the European Central Bank's final verdict on their finances on...
TOKYO, Oct 24- Japanese shares rose to a two-week high on Friday as the weaker yen lifted exporters, while renewed fears about the spread of the Ebola virus in the United States bolstered Ebola-related stocks such as Fujifilm Holdings Corp. Tokyo- listed shares in firms manufacturing Ebola-related products jumped in response to news that a New York City doctor...
Robert Rennie, Global Head of FX Strategy at Westpac Bank, says the dollar-yen pair and the Australian currency could see downside risks after New York City's first Ebola case.
*Nikkei advances on weak yen, Wall Street gains. *Helath stocks Airtech, Fujifilm rise. TOKYO, Oct 24- Japanese shares rose on Friday on the back of a weaker yen and Wall Street gains, but its advance was capped by reports of an Ebola case in New York City which sent U.S. stock futures lower.
Caterpillar, 3 M earnings underpin sentiment. TOKYO, Oct 24- U.S. stock futures tumbled while safe-haven assets such as the yen and U.S. bonds gained on Friday after media reported that a doctor who returned to New York City from West Africa has tested positive for Ebola. Asian shares also some ground with MSCI's broadest index of Asia-Pacific shares outside Japan...
TOKYO/ SYDNEY, Oct 24- The yen pulled away from two-week lows against the dollar on Friday on safe-haven bids as U.S. stock futures tumbled on reports that a New York doctor had tested positive for the Ebola virus. "I think, next week the market will be more event-driven, with the FOMC and the Bank of Japan, so the downside should be limited," he said, adding that support at...
DOLLAR/ YEN FALLS 0.3 PERCENT AS STOCKS FALL ON NEW YORK EBOLA CASE REPORTS.
*Wall Street rally& higher U.S. yields lift dollar/yen. *Ebola scare in New York watched. SYDNEY, Oct 24- The yen languished at two-week lows against the dollar early on Friday, having come under renewed pressure overnight after an encouraging rally on Wall Street dampened demand for the safe haven currency.
Hamish Pepper, Forex Strategist, Asia Pacific at Barclays, says factors like geopolitical risks will continue to weigh on the U.S. dollar and explains what that means for FX traders.
A huge divergence in monetary policy around the world will put the macro in focus and weigh on markets, says hedge funder Kyle Bass.
Japan's Nikkei index has taken a rollercoaster ride so far this week, and some analysts believe traders should strap in for more turbulence.