Bank of Japan
Bank of Japan Not Walking the Talk
February 18, 2010
The Bank of Japan introduced no new measures to counter deflation after meeting over two days for a total of slightly more than five hours. February has often been a month when Japan’s central bank made dramatic policy initiatives, and Prime Minister Hatoyama’s government has publicly admonished the central bank for perhaps not doing all [...] More
Dollar Extends Recovery from Monday Lows
February 18, 2010
The dollar is 0.6% higher against sterling and shows gains of 0.4% against the kiwi, 0.3% versus the euro, Swiss franc and Aussie dollar and 0.1% relative to the Canadian dollar. The dollar has lost 0.4% versus the yen, which like the dollar benefits from worries about Europe’s debt and growth prospects. China and Taiwan remain [...] More
Quiet Start to Pre-Xmas Week
December 21, 2009
Trading volume has been restrained by snow storm in Eastern U.S. and approaching yearend holidays. Federal snow day in D.C. European weather also severe. The dollar is unchanged against the euro and Swiss franc. The Swissy remains stronger than 1.50 per euro (latest quote = 1.4955) despite released Swiss National Bank quarterly report that reiterates promise [...] More
Bank of Japan Unveils New Policy Guidelines
December 18, 2009
The yen fell 0.5% against the dollar and by more against other currencies overnight. The greenback otherwise lost 0.7% against the Canadian dollar, 0.4% against the Aussie dollar and Swiss franc, 0.3% against the euro and sterling and 0.1% against the kiwi. Stocks mostly fell in Asia but show gains in Europe. In sympathy with yesterday’s [...] More
