Global Markets

Specialist trader Jason Hardzewicz (L) talks on the phone on the floor at the New York Stock Exchange, May 22, 2013. REUTERS/Brendan McDermid

Markets face rough summer ride

For the past few months, the U.S. Federal Reserve has been squarely in the financial markets' corner, thanks to its massive dollops of monetary stimulus. But signs that the central bank is discussing reducing that support by purchasing fewer bonds mean that trading is likely to get bumpier in coming months.  Full Article 

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Yen under pressure, falls to 2-1/2 yr low versus dollar

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LONDON | Wed Jan 30, 2013 2:15pm IST

LONDON Jan 30 (Reuters) - The dollar rose to a fresh 2-1/2 year high against the yen on Wednesday, bolstered by widening spreads between U.S. Treasuries and Japanese government bond yields amid expectations of more aggressive easing by the Bank of Japan in coming months.

The dollar was up 0.6 percent at 91.32 yen, with traders citing option expiries at 91.50 yen which could sway trade.

The euro was also 0.7 percent higher at 123.30 yen , with investors targetting its April 2011 high of 123.33 yen.
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