Yen drops versus majority of its peers on slowed exports

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Source: Bloomberg
© Scanpix/RS
The Japanese Yen declined on Monday falling versus all its 16 most-traded peers as the country's exports slowed down amid weaker emerging-markets demand and as the Bank of Japan decided to maintain its stimulus program in order to achieve target inflation. The Yen fell 0.3% to 97.99 per U.S. Dollar at 6:01 a.m. London time and it dropped 0.2% to 134.02 per Euro.

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Mon, 21 Oct 2013 07:04:04 GMT

Treasuries are little changed as Fed maintains stimulus

U.S. Treasuries were little changed on Monday as the Federal Reserve announced maintaining its $85 billion bond-buying programme in order to reach its inflation target and before a report showed that payrolls in the country increased last month. The benchmark 10-year government bonds added one basis point to 2.59% as of 1:32 p.m. Tokyo time.

Mon, 21 Oct 2013 06:42:02 GMT

Japan's exports advance less than forecast in September

Japanese exports increased in the month of September, however the rate of growth was shy of a forecast mainly due to lower demand from emerging economies offsetting weaker Yen, a report released by the Ministry of Finance showed on Monday. Japan's exports grew 11.5% in September compared to 15.6% originally forecast, while in August exports added 14.6%.

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