LONDON, May 21- The dollar rose against the yen on Tuesday after a Japanese minister clarified remarks about the yen's drop, but many awaited the Federal Reserve chief's testimony before adding to bets on a stronger U.S. currency. Chairman Ben Bernanke testifies to Congress on Wednesday and his words will be combed for clues on the timing.
Jesper Koll, Managing Director & Head of Japanese Equity Research at JPMorgan Securities Japan says that Japanese banks are lending money and that they are likely to report healthy profits. Bank of Japan is therefore more likely to hold monetary policy steady this week.
Jesper Koll, Managing Director & Head of Japanese Equity Research at JPMorgan Securities Japan says that PM Noda will probably be able to implement the sales tax bill and still remain in office as Prime Minister.
China is slated to release a slew of economic data next week. How to profit from the numbers, with CNBC's Melissa Lee; Kathy Lien, BK Asset Management; and the Money in Motion traders.
Weak jobs, strong dollar. Does the weak jobs report increase the chance of QE3? The trade behind the global slowdown, with CNBC's Melissa Lee, Steve Liesman, and the Money in Motion traders. Featuring Kathy Lien, BK Asset Management.
Royal Bank of Scotland has pulled out of the panels that set Tibor, Japan’s version of Libor, amid a global probe into alleged manipulation of interbank lending rates by traders at investment banks, the Financial Times reports.
Kathy Lien, Managing Director, BK Asset Management says that given the pessimistic outlook from the ECB, traders are expecting more easing from the central bank.
CNBC's Rick Santelli, and Stuart Hoffman, PNC Financial Services chief economist, break down the data on jobless claims and discuss what it indicates about jobs creation and the health of the U.S. economy.
Masayuki Kichikawa, Chief Japan Economist & MD, Merrill Lynch Japan Securities says the better-than-expected data is due to relatively strong domestic demand which is softening the impact from the euro zone crisis. He adds that the data could prompt the BOJ to pause on rates at its next meeting.