Dollar at four-week highs vs yen before Friday jobs report
The dollar ground higher on Thursday, extending this week's four-week highs against the yen before a U.S. jobs report many expect to help seal the case for a rise in U.S. interest rates in December.
Rises in U.S. Treasury yields over the past 10 days have been the main driver of a halt in the yen's steady progress this year, pushing the Japanese currency back from 100 yen per dollar to 103.71 JPY= on Thursday.
The dollar index, which measures its broader strength against a basket of currencies, rose 0.2 percent to 96.284. Against the euro it gained 0.1 percent to $1.1195.
Deutsche Bank Singled Out in I.M.F. Stability Warning
The International Monetary Fund did not bring up Deutsche Bank’s name when it warned in its financial stability report that cash-poor banks in Europe with outdated business models posed a threat to the financial system.
But at a news conference on Wednesday to discuss the study’s findings, fund officials charged with gauging financial stability risks worldwide showed no such reluctance.
BOJ Gov Kuroda: don't expect JGB supply to run out for QE
Bank of Japan Governor Haruhiko Kuroda said on Thursday that he does not expect the central bank will run out of government bonds to purchase for its quantitative easing program.
Kuroda, speaking in the upper house budget committee, also said the BOJ is prohibited from directly underwriting government debt and that the BOJ conducts all its debt purchases in the secondary market.
Kuroda also said quantitative easing will not lead to hyperinflation.
Oil prices ease from June highs on weaker physical market
Oil futures dipped on Thursday after Saudi Arabia trimmed the price of its flagship physical crude to Asia, but were still near more than three-month highs following a drop in U.S. crude inventories.
U.S. West Texas Intermediate (WTI) crude futures were trading at $49.60 per barrel at 0677 GMT, down 23 cents, or 0.46 percent, from their last settlement.
Reference: Reuters
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