Derek Halpenny, Bank of Tokyo-MUFJ, shares his thoughts on the Bank of Japan's decision to provide smaller-than-expected monetary easing. » Read More
TOKYO, July 29- The dollar fell more than a full yen on Friday to extend its losses on the day to more than two percent at one point after the Bank of Japan's stimulus fell short of market expectations.
The Bank of Japan pledged to increase purchases of exchange-traded funds but kept interest rates steady on Friday.
The market had its hopes up that the BOJ would expand JGB buying but that did not happen, explains WisdomTree Japan KK's CEO, Jesper Koll.
DOLLAR/YEN FALLS MORE THAN FULL YEN AFTER BOJ, DOWN 2 PCT ON DAY.
The BOJ may decide to increase asset purchases but not change interest rates at its latest meeting, says StanChart's chief economist for Asia, David Mann.
Japan aims a lot of firepower at keeping its currency weak, but a stronger yen might be just what it really needs, said Saxo Bank's CIO Steen Jakobsen.
TOKYO, July 29- The yen firmed in jumpy market conditions on Friday, spiking to a 2 1/ 2- week high against the dollar as investors braced for the possibility that the Bank of Japan's expected easing steps will disappoint market participants hoping for more radical measures. The BOJ usually announces its policy decisions around noon in Tokyo, although the bank...
TOKYO, July 29- The dollar fell more than 1 percent against the yen in Asia early on Friday, touching as low as 103.30 yen in a nervous trade ahead of the Bank of Japan's policy decision expected later in the day.
DOLLAR/YEN FALLS MORE THAN 1 PCT IN EARLY ASIAN TRADE.
*Wall St rebounds after disappointing Ford Motor results. NEW YORK, July 28- U.S. stocks mostly rose on Thursday in anticipation of results from tech heavyweights Alphabet and Amazon.com, while the yen eased after Reuters reported the Bank of Japan was considering expanding monetary stimulus to address signs of weak inflation. Expectations of further...
US DOLLAR GAINS AGAINST JAPANESE YEN TO U.S.
LONDON, July 28- The dollar fell against the yen on Thursday as expectations faded that the Bank of Japan would deliver the radical stimulus package some had expected this week, and after the U.S. The dollar fell 0.7 percent to 104.72 yen. "There are wide expectations for some action from the BOJ tomorrow, but there's huge variance around those expectations," said...
LONDON, July 28- The dollar took its biggest tumble in almost two months on Thursday and stocks crept to nine-month highs as cautious sounds from the U.S. Federal Reserve left the focus firmly on Japan's next round of money-printing measures. The yen, meanwhile, notched its fourth rise in six days as news that Tokyo had unveiled a surprisingly large 28 trillion yen...
LONDON, July 28- The dollar fell against the yen on Thursday as expectations faded of the Bank of Japan delivering the radical stimulus package some had expected this week, and after the U.S. Japan's prime minister unveiled a surprisingly large 28 trillion yen stimulus package on Wednesday, putting pressure on the central bank to match it with aggressive...
TOKYO— SoftBank Group Corp., the Japanese technology company that owns U.S. wireless carrier Sprint Corp., reported Thursday a fiscal first quarter profit of 254.2 billion yen, up 19 percent from the same period last year. Healthy telecommunications operations in Japan offset losses at Sprint, helping lift quarterly sales by 3 percent to 2.13 trillion yen.
Japan's workforce needs more female workers and more flexible immigration policies to encourage dynamism, says Standard Chartered's Eric Robertson.
TOKYO, July 28- The yen gained on Thursday on speculation that the Bank of Japan won't deliver radical stimulus this week, while the dollar took a step back after the U.S. The dollar skidded 0.5 percent to 104.92 yen, while the euro was 0.3 percent lower at 116.19 yen ahead of the BOJ's two-day policy meeting that begins on Thursday. "It seems the market is preparing for...
Macquarie's Gareth Berry reckons there needs to be joint statement from the MOF and BOJ on Friday to exert upward pressure on dollar/yen.
JPMorgan Investment Bank's Laura Fitzsimmons is expecting an increase JGB and ETF purchases as well as a cut in deposit rates.
*Modestly hawkish Fed statement insufficient to lift dollar. *BOJ expected to ease on Friday, though steps could disappoint. TOKYO, July 28- The dollar took a step back on Thursday after the U.S.