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Dollar slumps to 10-week low against yen in Asia

Agence France-PresseJune 13, 2013 01:36
The dollar slumped to a 10-week low against the yen in Asia Thursday as ran for cover in the face of tumbling stock markets and concern the US central bank will soon end its massive stimulus programme. The greenback bought 94.64 yen in Tokyo afternoon trade, down from 95.88 yen in New York late Wednesday and from the high 98-yen range in Tokyo at the start of the week. That put the dollar at levels last seen when the Bank of Japan (BoJ) announced in early April a raft of aggressive monetary-easing measures to boost the economy that sent the yen into a tailspin.

Tokyo's Nikkei stock index dives 5.28% by break

Agence France-PresseJune 13, 2013 00:36
Tokyo stocks plunged more than six percent on Thursday morning after a Wall Street sell-off amid fears the US Federal Reserve will soon begin to wind down its massive stimulus drive. The benchmark Nikkei 225 index dived 6.57 percent at one point before ending the morning session down 5.28 percent, or 701.92 points, at 12,587.40, throwing the Nikkei into bear-market territory. The broader Topix index of all first-section shares fell 4.09 percent, or 44.87 points, to 1,051.67.

Tokyo's Nikkei stock index down 3.60%

Agence France-PresseJune 12, 2013 22:30
Tokyo stocks tumbled more than 3.0 percent in early trade Thursday after Wall Street suffered sharp drops amid fears the Federal Reserve will reduce its monthly bond purchases in coming months. The benchmark Nikkei index was down 3.60 percent, or 478.99 points, to 12,810.33 in the first 30 minutes of trading. The dollar was also down, with focus on whether it will breach 95.00 yen, said Masashi Murata, senior currency strategist at Brown Brothers Harriman in Tokyo. "A clear breach of 95 yen will open the pair's downside to 92 yen," he told Dow Jones Newswires.

Asian markets slip as BoJ move raises stimulus fears

Agence France-PresseJune 12, 2013 07:42
Asian markets fell in holiday-reduced trade on Wednesday, as the Bank of Japan's refusal to unveil any fresh stimulus measures raised concerns about central banks' role in supporting the world's economies. The greenback managed to claw back some ground in forex business but remains stuck around six percent below its peaks seen at the end of last month. Tokyo fell 0.21 percent, or 28.30 points, to 13,289.32 following a 1.45 percent loss on Tuesday, although it pared most of the earlier losses thanks to a pick-up in the dollar through the day.

Asian markets slip as BoJ move raises stimulus fears

Agence France-PresseJune 12, 2013 04:30
Asian markets fell in holiday-reduced trade on Wednesday, as the Bank of Japan's refusal to unveil any fresh stimulus measures raised concerns about central banks' role in supporting the world's economies. The greenback managed to claw back some ground in forex business but remains stuck around six percent below its peaks seen at the end of last month. Tokyo fell 0.21 percent, or 28.30 points, to 13,289.32 following a 1.45 percent loss on Tuesday, although it pared most of the earlier losses thanks to a pick-up in the dollar through the day.

Tokyo stocks down 1.84% by morning break

Agence France-PresseJune 12, 2013 03:30
Tokyo stocks slipped 1.84 percent on Wednesday morning, dragged by a strong yen following the Bank of Japan's decision to stand pat on fresh economic stimulus measures. The benchmark Nikkei 225 index slipped 245.01 points to 13,072.61 at the break, while the Topix index of all first-section shares was off 2.08 percent, or 22.91 points, at 1,078.24. On Tuesday, the central bank opted against additional monetary easing, triggering a sharp rise in the safe-haven yen in New York as it stoked uncertainty about a winding down of central bank stimulus.

Nikkei dips below 13,000 as exporters, real estate stocks weigh

June 11, 2013 22:36
By Ayai Tomisawa TOKYO (Reuters) - Japan's Nikkei share average slipped below 13,000 on Wednesday, as the strong yen dragged down exporters in the wake of a sell-off in global equities after disappointment over a lack of fresh measures from the Bank of Japan to quell bond market volatility. The Nikkei <.N225> fell 1.8 percent to 13,072.61 at the midday break after falling as low as 12,994.08.

Japan's April core machinery orders down 8.8% on month

Kyodo News InternationalJune 12, 2013 00:30
Japan's core private-sector machinery orders in April dived a seasonally adjusted 8.8 percent from the previous month, the government said Wednesday, casting a shadow over prospects for a pickup in business investment that Prime Minister Shinzo Abe sees as a mainstay of economic growth.

Asian markets sink as BoJ move raises stimulus fears

Agence France-PresseJune 11, 2013 23:33
Asian markets tumbled in holiday-reduced trade on Wednesday, with Tokyo leading the losses as the yen surged against the dollar following the Bank of Japan's refusal to unveil any fresh stimulus measures. The greenback managed to claw back some ground in early Asian forex business but remains stuck more than six percent below its peaks seen at the end of last month. Tokyo tumbled 1.94 percent, adding to the 1.45 percent loss on Tuesday as investors were sent running by the BoJ announcement.

Bank of Japan status quo strengthens yen

Agence France-PresseJune 11, 2013 21:32
The yen Tuesday advanced strongly against other major currencies after the Bank of Japan opted against additional stimulus measures. Near 2100 GMT Tuesday, the dollar sank to 96.01 yen compared with 98.71 yen Monday night. Similarly the euro traded at 127.81 yen, down from 130.89 yen. The euro rose against the dollar, trading at $1.3311 instead of $1.3258.
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