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Dollar steadies near seven-year high vs yen; eyes on ECB
The dollar steadied after hitting a seven-year high against the yen on Thursday as traders sold into a steep rally ahead of a European Central Bank meeting later in the session and U.S. nonfarm payrolls data on Friday.
BOJ Runs Into Critical Analysts After Kuroda Easing Shock
While Kuroda said he didn't intend to surprise anyone with the decision to bolster already-unprecedented easing, springing the news on the market added to the punch. The risk for Kuroda is that he may undermine the BOJ's credibility with some people in the market who count on central bank officials for clear and timely communication.
PRECIOUS-Gold ticks up as dollar eases, but still near 4-1/2 year low
Gold edged up slightly on Thursday as the dollar took a breather after a sharp rally, but the safe-haven metal continued to languish near its lowest level since April 2010 with fears mounting that $1,000 an ounce is the next target.
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