Posts Tagged ‘yen’

Financeroll - In the Bank of Japan Minutes of the latest meeting on monetary policy, the central bank noted that caution over the impact of the European debt crisis is still needed. It acknowledged that the crisis in Europe could result in weaker growth not only in the European economy but also in the global economy; "Careful attention should continue to be paid to ... Full story

Financeroll - Japan's economy shrank 0.6 percent in October-December from the previous quarter as a global economic slowdown, Thai floods and a strong yen dealt a blow to the economy just as it was emerging from a recession wrought by last year's devastating earthquake. The decline was bigger than economists' median forecast for a 0.3 percent contraction, and followed a revised 1.7 percent expansion ... Full story

Financeroll - The euro clawed higher on Wednesday and stayed above a one-week low hit the previous day, with markets cautiously optimistic that European leaders will take decisive action to contain the region's debt crisis at a summit later this week. The euro rose 0.3 percent to $1.3435, hovering ... Full story

Financeroll - The yen fell against all its major peers as Asian stocks rallied a second day and on prospects Japanese policy makers will do more to stem currency gains. The yen fell to an almost four-week low against the dollar as Japanese Finance Minister Jun Azumi said in parliament he was continuing efforts to keep currency levels appropriate. The euro was ... Full story

Financeroll - The yen rose against most of its major peers, while Asian stocks and South Korea’s won declined after a German bund auction fell short of its target and companies including HTC Corp. cut their outlook on earnings. Japan’s currency added 0.2 percent to 77.14 per dollar at 3 p.m. in Tokyo on speculation the nation’s investors will sell higher-yielding assets. The won ... Full story

Financeroll - The yen and the dollar rose against most of their major counterparts on demand for safer assets after a Democratic aide said a U.S. congressional committee is likely to announce today it failed to agree on deficit cuts. The Australian dollar declined for a sixth day against the yen as futures showed U.S. stocks will fall, damping demand for higher-yielding ... Full story

Financeroll - The yen advanced against the majority of its most-traded peers as concern waned that the Bank of Japan will act to weaken the currency. The yen climbed to its strongest versus the dollar since Oct. 31, when Japan made what’s estimated to be its biggest currency-market intervention to curb gains. The euro traded near its highest level this week against the greenback ... Full story

Financeroll - The yen dropped from a post-World War II record against the dollar after Japan intervened in currency markets, spurring gains in the nation’s stocks. The Australian dollar weakened and metals declined. The yen sank 3.5 percent to 78.49 per dollar as of 11:22 a.m. in Tokyo after climbing to a record 75.35 earlier today, while the Nikkei 225 Stock Average ... Full story

Finaceroll - JPMorgan Chase & Co's quarterly earnings fell 4 percent as the European debt crisis pushed investment banking clients to the sidelines, but results were helped by an accounting gain the bank can take when markets are in turmoil. Excluding the accounting adjustment, JPMorgan's third-quarter profit dropped ... Full story

Financeroll - The yen fell against the majority of its most-traded counterparts as optimism Europe can contain its debt crisis spurred a climb in U.S. equity futures, damping demand for haven currencies. The euro strengthened versus most of its 16 peers after French and German leaders pledged to deliver a plan in three weeks to recapitalize banks and reiterated their intention to keep Greece ... Full story