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With yen nearing 8-year low, Mrs Watanabe starts buying TOKYO: Japanese day traders, colloquially and collectively known as "Mrs Watanabe", are buying the yen as it nears eight-year lows, suspecting that policymakers would be reluctant to let the currency fall further as it would provoke criticism at home and abroad. Last week, net dollar buying positions on the Tokyo Financial Exchange, Japan's largest margin trading platform, had fallen almost 60 percent from a high hit in January, to stand among the lowest levels seen in the past year.At Gaitame.com, another platform popular among margin FX traders, traders have even gone long in yen for the first time since late 2012, when Prime Minister Shinzo Abe was voted into power promising to reflate the economy through massive monetary stimulus, said Takuya Kanda, senior researcher at Gaitame.com Research."This may indicate a decline in their confidence in Abenomics, which has pursued a weaker yen," he said.Weakening the yen has been considered as ...

South Korean won extends fall to 1pc against the dollar SEOUL: The South Korean won dropped by more than 1 percent on the dollar on Tuesday, and was also weighed down by the Japanese yen's fall against the greenback.The dollar continued to benefit from Federal Reserve Chair Janet Yellen's comments last week around the timing of US rate increases.The won was quoted at 1,100.8 against the dollar as of 0540 GMT, after touching a low of 1,101.4, and was on track for its worst daily ...
China's yuan softens on 3-week low midpoint SHANGHAI: China's yuan weakened against the dollars for the second consecutive session on Tuesday after the central bank set the daily guidance rate at a three-week low.The People's Bank of China (PBOC) set the midpoint rate at 6.1172 per dollar prior to market open, 0.01 percent weaker than the previous fix at 6.1165.The spot market opened at 6.2038 per dollar and was changing hands at 6.2040 at midday, 0.03 percent weaker than the previous close.Traders ...
Dollar at 1-month highs, awaits US data for policy cues SYDNEY/TOKYO: The dollar scaled a one-month high against a basket of major currencies on Tuesday, having remained bid after comments from Federal Reserve Chair Janet Yellen reinforced a tightening bias on interest rates.The dollar index last traded at 96.604 after reaching a one-month high of 96.714. It rode the momentum from a surge on Monday when dollar bulls were still cheering Yellen's remarks.Against the yen, the dollar touched a two-month high of 121.79, edging closer ...
Sri Lanka rupee forwards steady as central bank prevents fall COLOMBO: Sri Lankan rupee forwards ended steady on Monday as the central bank prevented any fall in the currency against the dollar via moral suasion despite downward pressures, having already allowed some depreciation earlier during the month.Actively traded three-month forwards ended steady at 136.55/70 per dollar."There is no offer in the market and nobody is chasing dollar purchase because of the central bank's moral suasion," a currency dealer said on condition of anonymity."All the forwards ...
Dollar firms against yen, euro in Asia TOKYO: The dollar held on to gains against other major currencies in Asian trade Monday after surging last week on a jump in US core inflation.The greenback firmed to 121.66 yen in afternoon Tokyo trade, up from 121.52 yen on Friday in New York. The euro fell to $1.0980 and 133.60 yen from $1.1016 and 133.86 yen.On Friday the dollar climbed against the euro immediately after the US Commerce Department reported that core consumer prices ...
Dollar extends gains in Asia on US rate hike hopes TOKYO: The dollar extended its gains on Wednesday after getting a boost from strong housing data and expectations for more European central bank stimulus.The greenback fetched 121.02 yen -- around a two-month high -- against 120.68 yen in New York and 119.94 yen in Tokyo earlier Tuesday.The euro weakened to $1.1073 from $1.1149, and to 134.08 yen from 134.54 yen.Traders moved into the greenback in New York trade after figures that showed US new home ...

 



 
Index Closing Chg%
Arrow DJIA 18,232.02 0.29
Arrow Nasdaq 5,089.36 0.03
Arrow S&P 2,126.06 0.22
Arrow FTSE 7,031.72 0.05
Arrow DAX 11,815.01 0.42
Arrow CAC-40 5,117.17 0.50
Arrow Nikkei 20,413.77 0.74
Arrow H.Seng 27,992.83 1.70
Arrow Sensex 27,643.88 1.12





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Banking Review 2014


Annual2013/14
Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
MonthlyMarch
Trade Balance $-1.586 bln
Exports $1.932 bln
Imports $3.518 bln
WeeklyMay 21, 2015
Reserves $17.75 bln