currency futures trading

yen futures gain

April 22nd, 2013

Japanese Yen Futures – The yen gained for the first time in five days after traders failed to push the currency through 100 per dollar, a level it last weakened to four years ago.

The euro fluctuated versus the dollar amid signals from European Central Bank policy makers that interest-rates may be cut to boost economic growth. The yen slid earlier versus the greenback after the Group of 20 offered no opposition last week to the Bank of Japan’s monetary-stimulus policies. Sterling rose amid bets data this week will show the U.K. avoided falling back into a recession last quarter.

“A lot of the time, people wait to see the move before they then get involved,” Douglas Borthwick, a managing director and head of foreign exchange at Chapdelaine FX, a unit of Tullett Prebon Plc, in New York, said in a telephone interview. “Certainly 100 would be a level whereby if you see that move through 100, then you’d see a lot more interest to get involved in the trade.”

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yen futures

yen futures slump

December 15th, 2012

Yen Futures – The yen slumped for a fifth week against the dollar, the longest streak since March, before Japanese opposition leader Shinzo Abe, an advocate of unlimited monetary stimulus, is projected to win weekend elections.

The 17-nation euro gained against all of its major peers after European Union finance ministers agreed to put the European Central Bank in charge of the area’s lenders. The dollar fell against the majority of its most-traded peers as the Federal Reserve said it will buy an additional $45 billion of Treasuries a month, which may debase the currency. The Japanese currency reached an almost nine-month low as the Bank of Japan (8301) said its Tankan index for large companies fell to its lowest level since March 2010. Japan’s election is tomorrow.

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November 14th, 2012

Yen Futures – The yen fell the most in eight months against the dollar after Prime Minister Yoshihiko Noda said he will dissolve parliament, paving the way for elections that polls show his Democratic Party of Japan will lose.

The dollar dropped versus the euro after Federal Reserve Vice Chairman Janet Yellen said she supports tying a low interest-rate outlook to economic goals and U.S. retail sales fell for the first time in four months. Japan’s currency weakened versus most of its major peers amid speculation the opposition will win power and pressure the central bank into a more aggressive easing policy. The euro pared gains as European Union Economic and Monetary Commissioner Olli Rehn suggested Spain may not need to seek a bailout.

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