NEW YORK, May 22- The dollar rose to a 4-1/ 2- year high against the yen and a near three-year peak against a currency basket on Wednesday after Federal Reserve Chairman Ben Bernanke stoked speculation the U.S. central bank could slow its asset buying in coming months.
Marc Faber's big China short. Forget Europe, says Faber, it's China that's in for a major slowdown, with CNBC's Simon Hobbs and the Money In Motion traders.
Will next week's EU summit ruin the risk on rally? The currency trade behind next week's EU meeting, with CNBC's Simon Hobbs and the Money in Motion traders. And will Mario Draghi increase the roll of the ECB, with Deutsche Bank's Joe LaVorgna?
The price of gold is due for a correction and this could be used as an entry point by investors eager to get exposure to the precious metal, while the dollar is likely to strengthen as there has been too much pessimism about it, famous investor Jim Rogers told CNBC Tuesday.
Will Oswald, Global Head of FICC Research at Standard Chartered, says
that investors should buy into the dollar now but Asian currencies are the better bet in the long-term.
The Nikkei average fell to its lowest closing level since March 2009 on Monday. Gloomy fiscal data also dampened investor sentiment. The Nikkei's Makiko Utsuda reports.
Managing a winning currency trade. Last week, Rebecca bought dollars against the Swedish krone, with CNBC's Melissa Lee and the Money In Motion traders.
Will Mario Draghi turn the ECB loose? Yields on Spanish, Italian and French debt spike. Making money off Draghi's next move, with CNBC's Melissa Lee and the Money in Motion traders. And is gold losing its luster, with Dennis Gartman, The Gartman Letter.
Weakness in the Japanese yen is ahead for the long-term, as a 40-year long-term cycle which has seen the yen's exchange rate appreciating against the dollar is about to see a major reversal, Ron William, a technical strategist at MIG Bank, told CNBC.com.
Simon Ho, executive director of Triple 3 Partners, recommends buying a call option on the Aussie dollar vs. the yen. He also discusses China's monetary policy.
The euro tumbled against the yen on concerns about Europe's debt problem and the yen pushed higher against the dollar as well, sending Japanese export stocks skidding. Trading volumes were also low. Makiko Utsuda from The Nikkei has the details.