Asian markets continue to slide; Nikkei down 414pts

Asian markets are once again down deep into red despite some bounce back on the Wall Street. Asian stock markets suffered fresh losses on Friday as fears grew that the financial crisis is taking a heavy toll on corporate earnings in the region. " ASIAN stock markets...

Global equity market sell off deepens

The growing economic woes accelerating around the world has forced  economic activity weakening across the world and even European stock markets have plunged. London's FTSE 100 Index opened more than 5 per cent down, on top of a fall of more than 7 per cent...

Japan estimates subprime losses at $8 billion

Impact of US Sub Prime crisis have been felt not only in USA but even in far flung areas. Asian economies dependent on US business have been particularly affected outside USA. a latest data released have revealed that Japanese banks are saddled with $8 billion in...

Net Speculative Yen Shorts Hit Record High

According to the Commitment of Traders report, the number of net speculative Yen shorts in the currency futures market has reached another record high as of last Tuesday at 164860 contracts. The ratio between net longs and shorts has also decreased somewhat. So........

Will Yen Weakness Be A Concern In G7 Meeting?

USD/JPY has been quite volatile today with talk swirling in the market about whether recent Yen weakness will be discussed at the G7 meeting next week. Japan's Ministry of Finance Watanabe said today that he does....

US Dollar Reaches 13-Month High Against the Japanese Yen

USD/JPY is now hovering at a 13-month high, after surpassing the 120.00 level yesterday. Note that the forex market is currently well short of the Japanese yen, as the majority are not expecting the.....

Japan's Tankan Sentiment Goes Up As Expected

The Bank Of Japan Tankan survey came out in line with expectations, and shows a very moderate improvement in corporate sentiment among big manufacturers, likely supported by the continued strength of exports, production and corporate earnings. The labor market is still tight,...

US Dollar Shorts Reach Extreme Point

In the currency futures market as of last Tuesday, there has been a 355% increase in USD shorts, which is at a 6-month high. This abnormally high level means that US dollar bearishness is at an ultra high point currently, and hence, there is a.......

US Dollar Shorts Reach Extreme Point

In the currency futures market as of last Tuesday, there has been a 355% increase in USD shorts, which is at a 6-month high. This abnormally high level means that US dollar bearishness is at an ultra high point currently, and hence, there is a.......

Will we see some volatility in the market today?

The BOJ has just kept its monetary policy unchanged, with the overnight call rate standing pat at 0.25%. Will Bank of Japan (BOJ)'s chief Fukui sound hawkish when he speaks later on at the press conference? This morning, USD/JPY fell briefly to 117.20, which is around the...