South Pacific currencies rise versus the Yen on Abe's victory

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Source: Bloomberg
Australia's Dollar reached a 19-month high against the Japanese Yen as Liberal Democratic Party reclaimed power in Japan's elections on Sunday. The New Zealand Dollar reached the highest level in 4 years versus the Yen on speculation the elections results will increase pressure on the BOJ to extend easing. The Aussie rose 0.5% to 88.67 yen, after earlier fetching 89.13, the strongest since May 2011. The kiwi touched 71.51 yen, the highest since October 2008.
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Mon, 17 Dec 2012 08:41:19 GMT

Asia stocks fall, Japan rises

Asia stocks declined, with the regional benchmark index poised to halt the longest rally since 2004, as suppliers to Apple fell. The MSCI Asia Pacific Index lost 0.2% to 127.13 after climbing as much as 0.3%. Japan's Nikkei 225 Stock Average gained 0.9% reaching the highest level since April. Australia's S&P/ASX 200 slipped 0.2% and New Zealand's NZX 50 Index

Mon, 17 Dec 2012 12:52:08 GMT

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