Spotlight on Japan and APEC Meetings

November 11, 2014

Dollar/yen hit a new high for the move of 116.12 and shows a net overnight advance of 0.9%.  The yen also touched a low of 144.02 per euro. The Japanese Nikkei gained 2.1%, supplanting 17K to 17,124.  The ten-year Japanese JGB yield rose four basis points to 0.48%.  Greater optimism toward Japan’s outlook has followed […] More

Market Tone Aided by Some Supportive Data

June 4, 2013

Data released by the Bank of Japan reflect this quarter’s intensifying monetary easing. The central bank balance sheet had expanded to JPY 184.3 trillion by end-May from JPY 174.7 trillion at end-April and JPY 164.3 trillion at end-March. On-year growth in Japan’s monetary base (MB) accelerated to 31.6% in May from 23.1% in April, 15.2% […] More

Kiwi Stronger

April 24, 2013

The New Zealand dollar, known as the kiwi, got a lift from the central bank policy statement.  Although the Official Cash Rate was left at 2.5% and the monetary policy outlook predicting the OCR will likely remain at that low level all year was also not changed, investors reacted to an upgraded assessment of New […] More