Australian Dollar Extends Downtrend Against Majors (Nasdaq)

(RTTNews) – During early European deals on Monday, the Australian dollar extended its Asian session’s loss against other major currencies. The aussie slumped to new multi-month lows against the greenback, the yen and the loonie. Read more….

Panasonic Will Post 350 Billion Yen Loss in FY08, Yomiuri Says (Bloomberg)

Feb. 1 (Bloomberg) — Panasonic Corp. may report a 350 billion yen ($3.9 billion) net loss in the year ending March 31 amid a slump in global demand, the Yomiuri newspaper reported. Read more….

GBPJPY analysis – next week Feb 2nd outlook

h4 chart at market closing Price is currently already above the the daily upper trendline; which is drawn from Sept 24th to Jan 7th. Now it is testing the 130.00 resistance zone and could either break it or rebound from the it. However, the trend reversal, if any, should only be confirmed if the price [...]

GBPJPY analysis – British Pound Dominates Against the Majors on Massive Retracement – Can This Continue?

The British pound was the strongest of all the majors not only on Friday, but during the entire week, as the currency trades in a highly speculative manner. Indeed, over the past 5 days, the British pound has rallied 8.6 percent against the New Zealand dollar and roughly 6.3 percent against the euro and Japanese [...]

Japanese Yen May Finally Break From Its Range As Risk Trends Swell (Daily FX via Yahoo! Finance)

Risk sentiment dominated the markets last week; and it will no doubt do so again next week. This is a promising trend for Japanese yen traders who are looking for volatility – and nail-biting for those that await a lasting trend. Read more….

Dollar, Yen Rise Most Since October as Slump Fuels Haven Demand (Bloomberg)

Jan. 31 (Bloomberg) — The dollar and yen had their biggest monthly gains against the euro since October as increased evidence of a global economic slowdown increased demand for the currencies as havens during the financial crisis. Read more….

Dollar, Yen Rise Versus Euro as Slump Fuels Demand for Refuge (Bloomberg)

Jan. 30 (Bloomberg) — The dollar and the yen headed for their biggest monthly gains versus the euro since October as growing evidence of a global slowdown increased the appeal of the currencies as a refuge from the financial crisis. Read more….

Dollar, Yen Rise Versus Euro as Slump Fuels Demand for Haven (Bloomberg)

Jan. 30 (Bloomberg) — The dollar and yen rose versus the euro, heading for their biggest monthly gains since October as mounting evidence of a global slowdown increased the appeal of the currencies as havens from the financial crisis. Read more….

Australian dollar drops to multi-day lows against greenback and yen (Nasdaq)

(RTTNews) – The Australian dollar declined against most of its major rivals on Friday in early Asian trading. The aussie slipped to a weekly low of 0.6459 against the greenback and a 4-day low of 57.78 against the Japanese yen by 8:30 pm ET Thursday. Read more….

Yen to Extend Gains Through March, Barclays Capital Says (Bloomberg)

Jan. 30 (Bloomberg) — Japan’s yen probably will extend gains through to the end of the country’s fiscal year on March 31 as exporters buy the currency to hedge revenues and money managers bring funds home amid the global slump, Barclays Capital wrote in a note to clients. Read more….

Japanese Repatriate Money, Reinvest in Bonds, Yen: Chart of Day (Bloomberg)

Jan. 30 (Bloomberg) — Japanese investors are bringing back money from abroad as a “once-in-a-century” financial crisis prompts them to buy the yen and domestic government bonds, said Hajime Takada , chief strategist at Mizuho Securities Co. Read more….

Dollar, Yen Gain Versus Euro as Slowdown Spurs Demand for Haven (Bloomberg)

Jan. 30 (Bloomberg) — The dollar may rise against the euro, extending its biggest gain in three weeks, on speculation growing evidence of a global slowdown will increase the appeal of the currency to investors as a haven. Read more….

Nintendo’s 9-month profit falls on strong yen (AP via Yahoo! News)

Nintendo Co. said net profit for the April-December period fell 18 percent as a strong yen cut into robust demand for its gaming products, forcing the company to slash its full year forecast. Read more….

Nintendo cuts profit forecast on strong yen (AFP via Yahoo! News)

Japanese video games giant Nintendo Co. on Thursday cut its annual net profit forecast by a third as a strong yen offsets robust sales of the Wii and DS consoles. Read more….

Yen May Fall Versus U.S. Dollar, Other Majors, Citigroup Says (Bloomberg)

Jan. 29 (Bloomberg) — The Japanese yen may weaken against the U.S. dollar and eight more of the world’s most-traded currencies as riskier foreign-exchange trades revive, Citigroup Inc. analysts said, citing technical charts. Read more….

Yen, Dollar Fall on Speculation U.S. Will Create ‘Bad Bank’ (Bloomberg)

Jan. 28 (Bloomberg) — The yen and the dollar weakened versus the euro on speculation U.S. efforts to support the banking system will reduce demand for the currencies as havens. Read more….

Dollar, Yen Fall as Plan for ‘Bad Bank’ Reduces Haven Demand (Bloomberg)

Jan. 28 (Bloomberg) — The dollar and the yen weakened to almost one-week lows versus the euro on speculation U.S. efforts to support the banking system will reduce demand for the currencies as havens. Read more….

Even with Yen Lower Today, Intervention on the Table

Japanese yen in currency trading The Japanese yen, like the U.S. dollar, has been seen as a safe haven currency through this financial crisis and global recession. However, like the dollar, the yen is down right now in forex trading. This is because as optimism rises for plans of economic stimulus, demand for safe havens [...]

Yen Trades Near 1-Week Low on Prospect U.S. to Make ‘Bad Bank’ (Bloomberg)

Jan. 28 (Bloomberg) — The yen traded near a one-week low against the dollar and the euro on speculation the U.S. will create an institution to remove toxic assets from banks’ balance sheets, reviving demand for higher-yielding assets. Read more….

Yen Rises From One-Week Low on U.S. Sentiment, Haven Demand (Bloomberg)

Jan. 27 (Bloomberg) — The yen rose from a one-week low against the euro as a report showed U.S. consumer confidence unexpectedly fell this month to a record, increasing the haven demand for Japan’s currency. Read more….

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