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Yen Falls to Two-Week Low Against Kiwi on Asia Recovery Signs
The yen declined to a two-week low against New Zealand’s dollar on speculation Japan’s economic recovery will lag behind the rest of the Asia-Pacific region.
Bank of America Cuts Yen Target, Citing Kan’s Resolve
Bank of America-Merrill Lynch cut its forecasts for the yen, saying Japanese Finance Minister Naoto Kan has a “stronger resolve” to temper gains in the currency than did his predecessor.
U.S. 10-Year Notes May Lose Appeal at 3.62%: Technical Analysis
Treasury 10-year notes may lose appeal as yields decline toward 3.62 percent, according to Daiwa Asset Management Co., citing trading patterns.
Posen Says BOE Hopes Bond Plan Has ‘Done it’ as Growth Picks Up
Bank of England officials are counting on their 200 billion-pound ($300 billion) bond-purchase program to have succeeded in restoring the economy to growth, policy maker Adam Posen said.
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