Yen Makes Fresh 15-Year Higher After BOJ Hold Coupled With Rising Risk Aversion

The Japanese yen is the day’s top performer, and has hit a fresh 15-year high against the USD in the midst of rising risk aversion, and the Bank of Japan leaving monetary policy unchanged. ...
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Yen Rise Gets No Relief as Traders Take Bets on Bernanke Quantitative Ease

Growing pressure on the Federal Reserve to print more money to bolster the U.S. economy will likely boost the yen and franc just as the Japanese and Swiss governments seek weaker currencies, if history is a guide. Those currencies appreciated the most on a relative basis after Fed efforts betwee...
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Risk Slammed Ahead of US Open But Not Sure Will Continue; Long EUR/JPY

Currencies have come back under pressure in Tuesday trade, with the Euro leading the declines on the back of news that some of the European banks may have under-reported on their exposures to sovereign debt and then accelerating on the shockingly bad German factory orders.
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Risk Aversion Returns After WSJ Resurrects Concerns Over European Financial System

Risk aversion is back on Tuesday, courtesy of two articles in the Wall Street Journal suggesting that European financial institutions may not be as healthy as originally thought. ...
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Weaker U.S. Outlook Prompts Warnings by Central Banks in Japan, Australia

Japan’s and Australia’s central banks signaled that the outlook for U.S. growth is deteriorating, making it tougher for them to set monetary policy. The Reserve Bank of Australia extended a pause in raising interest rates “for the time being” today, even after the nation’s gross domestic product...
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USDJPY: Attempting To Recapture The 83.58 Level.

USDJPY: Attempting To Recapture The 83.58 Level. USDJPY: Having weakened on Monday and followed through lower in early trading today, risk of further weakness is likely to target its YTD low at 83.58.
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Comeback of European Debt Problems?

A fresh report shows that many big European banks were very “creative” when it came to estimating the size of the sovereign debt that they held. This already sent the Euro way down. Will this turn into an avalanche? Is the debt crisis returning through the front door?
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Japan PM ahead in party race, margin small-aide

TOKYO, Sept 7 (Reuters) - Japanese Prime Minister Naoto Kan has a slight lead over rival Ichiro Ozawa in a ruling party leadership race that has markets on tenterhooks, but his victory will be by a small margin, a key aide to Kan said on Tuesday. The winner of the Sept. 14 Democratic Party of Jap...
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ForexLive European Wrap: Risk off. Euro hit hard

ForexLive European Wrap: Risk off. Euro hit hard By Gerry Davies || September 7, 2010 at 10:32 GMT || 0 comments || Add comment Stress tests missed debt at EU lenders – WSJ Australian PM Gillard says Labor prepared for stable govt as Abott concedes defeat BOJ Gov Shirakawa: Monetary policy...
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Daily strategy – Dollar unable to take full advantage

Renewed fears surrounding the Euro-zone sovereign debt risks and banking sector following media reports that a substantial amount of sovereign debt was excluded from the recent stress tests will continue to undermine the Euro. Underlying sentiment towards the global economy is also liable to remain...
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