{"id":42480,"date":"2013-03-11T08:33:00","date_gmt":"2013-03-11T08:33:00","guid":{"rendered":"https:\/\/www2.thestockmarketwatch.com\/stock-market-news\/u-s-dollar-stays-firm-against-yen-in-asian-trading-hours\/42477\/"},"modified":"2013-03-11T08:33:00","modified_gmt":"2013-03-11T08:33:00","slug":"u-s-dollar-stays-firm-against-yen-in-asian-trading-hours","status":"publish","type":"post","link":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/u-s-dollar-stays-firm-against-yen-in-asian-trading-hours\/42480\/","title":{"rendered":"U.S. Dollar Stays Firm Against Yen in Asian Trading Hours"},"content":{"rendered":"<p><script type=\"text\/javascript\"><!--\ngoogle_ad_client = \"ca-pub-1408583772585547\";\n\/* SMW - News Links *\/\ngoogle_ad_slot = \"3490797620\";\ngoogle_ad_width = 468;\ngoogle_ad_height = 15;\n\/\/-->\n<\/script><br \/>\n<script type=\"text\/javascript\" src=\"http:\/\/pagead2.googlesyndication.com\/pagead\/show_ads.js\">\n<\/script><\/p>\n<p>The U.S. dollar continued to trade strongly against the Japanese yen on Monday and was stable against all major traded currencies after unexpectedly strong U.S. nonfarm payrolls data released on Friday reemphasized the fact that the world\u2019s largest economy was rebounding.<\/p>\n<p><span id=\"more-42480\"><\/span><\/p>\n<p>A data release on Friday showed that speculators raised their bets on the U.S. unit to a seven-month high in the latest week as barrage of better than expected U.S. economic indicators raised expectations that the <a href=\"http:\/\/www.knowfinance.com\/federal-reserve-system-fed\/\" target=\"_blank\" rel=\"noopener\">Federal Reserve<\/a> might end its economic stimulating measures by the year-end, which will be dollar-supportive.<\/p>\n<p>The greenback continued to trade near its three and half year high against the yen during the Asian trading on Monday. The dollar traded at 96.10 yen as of 0515 GMT from 95.98 yen late Friday in New York, showed a data provided by EBS Market.<\/p>\n<p>The dollar index, a gauge on U.S. unit\u2019s performance against a basket of six major traded currencies, was hovering around its seven month high. Earlier on Friday the dollar index hit a seven month high of 82.924 not too far from its July 2012 peak, when it touched 84.10.<\/p>\n<p>\u201cWe remain constructive on the dollar. There are expectations that the Fed could consider reducing the size of its asset purchases in the second half of the year and this could help the dollar,\u201d said Valentin Marinov, head of European G10 FX strategy at Citi, according to Reuters.<\/p>\n<p>Meanwhile, Marc Chandler, global head of <a href=\"http:\/\/www.knowfinance.com\/currency\/\" target=\"_blank\" rel=\"noopener\">currency<\/a> strategy at Brown Brothers Harriman, said in a note that many market participants are anticipating a dollar target of 100 against the yen.<\/p>\n<p>\u201cThe argument in favor of U.S. dollar\u2019s rise again yen is \u201cgrowth differentials mediated by interest rate differentials,\u201d said Harriman.<\/p>\n<p>However, Harriman pointed out that any further slump in the value of yen in the wake of unprecedented economic stimulating measures was highly unlikely. \u201cWe are skeptical that Abenomics will be able to push the yen much further.\u201d<\/p>\n<p>&nbsp;<\/p>\n<div class=\"nr_clear\"><\/div>\n<div id=\"nrelate_popular_2\" class=\"nrelate nrelate_popular nrelate_default nr_1col nr_text\"><\/div>\n<p>\t<!--[if IE 6]>\n\t\t<script type=\"text\/javascript\">jQuery('.nrelate_default').removeClass('nrelate_default');<\/script>\n\t<![endif]--><\/p>\n<p>\t<script type=\"text\/javascript\">\n\t\/* <![CDATA[ *\/\n\t\tnRelate.domain = \"www2.thestockmarketwatch.com%2Fstock-market-news\";\n\t\tvar entity_decoded_nr_mp_url = jQuery('<span\/>').html(\"https:\/\/web.archive.org\/web\/20130313113859\/http:\/\/api.nrelate.com\/mpw_wp\/0.51.4\/?tag=nrelate_popular&domain=www2.thestockmarketwatch.com%2Fstock-market-news&url=http%3A%2F%2Fwww2.thestockmarketwatch.com%2Fstock-market-news%2Fu-s-dollar-stays-firm-against-yen-in-asian-trading-hours%2F42480&nr_div_number=2&maxageposts=7200&increment=1\").text();\n\t\tnRelate.getNrelatePosts(entity_decoded_nr_mp_url);\n\t\/* ]]&gt; *\/\n\t<\/script>\n\n\n<div class=\"nr_clear\"><\/div>\n\n\n<script id=\"mNCC\" language=\"javascript\">  medianet_width='600';  medianet_height= '250';  medianet_crid='814932888';  <\/script>  <script id=\"mNSC\" src=\"https:\/\/web.archive.org\/web\/20130313113859js_\/http:\/\/contextual.media.net\/nmedianet.js?cid=8CUT71M67\" language=\"javascript\"><\/script> \n\n\n\n\n<!-- AddThis Button BEGIN -->\n\n\n<div class=\"addthis_toolbox addthis_default_style addthis_32x32_style\">\n<a class=\"addthis_button_preferred_1\"><\/a>\n<a class=\"addthis_button_preferred_2\"><\/a>\n<a class=\"addthis_button_preferred_3\"><\/a>\n<a class=\"addthis_button_preferred_4\"><\/a>\n<a class=\"addthis_button_compact\"><\/a>\n<a class=\"addthis_counter addthis_bubble_style\"><\/a>\n<\/div>\n\n\n<script type=\"text\/javascript\">var addthis_config = {\"data_track_addressbar\":true};<\/script>\n<script type=\"text\/javascript\" src=\"http:\/\/s7.addthis.com\/js\/250\/addthis_widget.js#pubid=pennystocksfinder\"><\/script>\n<!-- AddThis Button END -->\n\n\n\n\n<p>More Posts by this author<\/p>\n\n\n\n<ul>\n\n\n\n<li><a href=\"http:\/\/www2.thestockmarketwatch.com\/stock-market-news\/majesco-entertainments-q1-revenue-plunge-65-outlook-disappoints-cool\/42574\">\nMajesco Entertainment\u2019s Q1 Revenue Plunge 65%, Outlook Disappoints (COOL)<\/a><\/li>\n\n\n\n\n\n\n<li><a href=\"http:\/\/www2.thestockmarketwatch.com\/stock-market-news\/stocks-end-on-a-mixed-note-dow-jones-posts-eighth-straight-higher-finish\/42566\">\nStocks End on a Mixed Note; Dow Jones Posts Eighth Straight Higher Finish<\/a><\/li>\n\n\n\n\n\n\n<li><a href=\"http:\/\/www2.thestockmarketwatch.com\/stock-market-news\/gold-prices-cross-1590-level-mark-amid-expectations-of-more-monetary-easing-silver-prices-gain-more-than-1\/42563\">\nGold Prices Cross $1,590 Level Mark amid Expectations of More Monetary Easing, Silver Prices Gain More Than 1%<\/a><\/li>\n\n\n\n\n\n\n<li><a href=\"http:\/\/www2.thestockmarketwatch.com\/stock-market-news\/u-s-stocks-remain-in-red-territory\/42561\">\nU.S. Stocks Remain in Red Territory<\/a><\/li>\n\n\n\n\n\n\n<li><a href=\"http:\/\/www2.thestockmarketwatch.com\/stock-market-news\/yum-brands-same-store-sales-in-china-fall-less-than-feared-yum\/42559\">\nYum Brands Same-Store Sales in China Fall Less Than Feared (YUM)<\/a><\/li>\n\n\n\n\n\n\n<li><a href=\"http:\/\/www2.thestockmarketwatch.com\/stock-market-news\/forex-market-update-sterling-falls-to-a-2-%c2%bd-year-low-against-dollar-yen-gains\/42557\">\nForex Market Update: Sterling Falls to a 2-\u00bd Year Low Against Dollar, Yen Gains<\/a><\/li>\n\n\n\n\n\n\n<li><a href=\"http:\/\/www2.thestockmarketwatch.com\/stock-market-news\/u-s-stocks-edge-lower-in-early-trading-3\/42554\">\nU.S. Stocks Edge Lower in Early Trading<\/a><\/li>\n\n\n\n<\/ul>\n\n\n\n\n\n\n<hr>\n\n\n\n\n\n<table style=\"border:none;margin:0;\">\n\n\n<tr>\n\n\n<td style=\"padding:5px;vertical-align:top;\" valign=\"top\">\n<img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/web.archive.org\/web\/20130313113859im_\/http:\/\/www2.thestockmarketwatch.com\/stock-market-news\/wp-content\/uploads\/userphoto\/5.jpg\" alt=\"edliston\" width=\"125\" height=\"125\" class=\"photo\"><\/td>\n\n\n\n\n<td style=\"padding:5px;vertical-align:top;\" valign=\"top\">\n\n\n<div style=\"font-size:11pt;\"><b>Post Written By: Ed Liston <\/b><\/div>\n\n\n\n\n<div style=\"font-size:10pt;\">\n\nEd Liston is a senior contributing editor at TheStockMarketWatch.com. An active market watcher and investor, Ed guides an independent team of experienced analysts and writes for multiple stock trader publications. He is widely quoted in various financial publications on the Internet. When Ed is not writing about stocks, investing in stocks, talking about stocks, or otherwise doing something stock related, he likes to go sailing and fishing in his yacht.\n<\/div>\n\n\n<\/td>\n\n<\/tr>\n\n<\/table>\n\n\n\n\n\n\n\n<!--script type=\"text\/javascript\">\ngoogle_ad_client = \"pub-1408583772585547\";\n\/* 336x280, created 7\/9\/11 *\/\ngoogle_ad_slot = \"3552319058\";\ngoogle_ad_width = 336;\ngoogle_ad_height = 280;\n\n<\/script>\n<script type=\"text\/javascript\"\nsrc=\"http:\/\/pagead2.googlesyndication.com\/pagead\/show_ads.js\">\n<\/script-->\n\n\t\t\t\t\t\t\n\n\t\n\n<div style=\"margin:5px;margin-bottom:20px;font-size:11pt;\">&laquo; <a href=\"https:\/\/thestockmarketwatch.com\/stock-market-news\/\">Return to Stock Market News<\/a> &laquo; <\/div>\n\n\n<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The U.S. dollar continued to trade strongly against the Japanese yen on Monday and was stable against all major traded [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":50312,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center 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