The News Review:

- WRLD FREX:Yen Gains;Traders Cut Risk n Soft Regional Stks
- FREX-Euro/dollar hits 1-month low on shares ECB view
- Japan fficial: G7 To Focus n Econ Steps Not Forex
- Nestle 1Q Sales Hit By ForEx Keeps FY Forecast
- Canadian Forex Midday: C$ Firms As Equities Recover
- HCL Technologies profit down by half on forex loss

WRLD FREX:Yen Gains;Traders Cut Risk n Soft Regional Stks
Wall Street Journal
–>WRLD FREX:Yen Gains;Traders Cut Risk n Soft Regional Stks ArticleCommentsmore in. economy prompted players to buy the safe-haven Japanese unit dealers said. Some players said the yen could clock more gains against the European currency if global stock markets head lower in the days ahead. Japan’s benchmark Nikkei 225 Stock Average opened up 0.

FREX-Euro/dollar hits 1-month low on shares ECB view
Reuters
2885 then trims losses * Risk aversion boosts dollar yen * Euro weighed on view that ECB may not cut rates much more (Adds comment details updates prices) By Naomi Tajitsu LNDN April 22 (Reuters) – The euro hit a one-month lowagainst the dollar on Wednesday as struggling shares promptedinvestors to dump currencies considered to be high risk whileconcerns about the euro zone economy also stung the singleEuropean currency. The euro slumped after an early fall in European sharesunderlined ongoing risk aversion. It later trimmed losses versusthe dollar as stocks recovered and the euro gained against abroadly weaker sterling following weak UK economic data. Still the euro stayed under selling pressure while the yengained broadly given mixed U.

Japan fficial: G7 To Focus n Econ Steps Not Forex
Wall Street Journal
–>UPDATE: Japan fficial: G7 To Focus n Econ Steps Not Forex ArticleCommentsmore in. The finance ministry official also said foreign exchange isn’t among the group’s key agenda items in a sign that the authorities in Tokyo are comfortable with the yen’s current levels. But Japan is interested in hearing from Washington about the so-called “stress tests” being conducted on top U.
Related from Yolog: Japan Mulls 3% Econ Shrinkage Forecast For This FY

Nestle 1Q Sales Hit By ForEx Keeps FY Forecast
Wall Street Journal
FR–>2nd UPDATE: Nestle 1Q Sales Hit By ForEx Keeps FY Forecast ArticleCommentsmore in. VX) Wednesday reported an unexpected drop in first-quarter sales due to subdued demand and the strong Swiss franc but stuck to its full-year growth goal which some analysts say looks hard to hit. The world’s largest food and beverages company said revenue fell 1. 2 billion Swiss francs ($21.

Canadian Forex Midday: C$ Firms As Equities Recover
Wall Street Journal
–>Canadian Forex Midday: C$ Firms As Equities Recover ArticleCommentsmore in. currency at midsession. The Canadian unit had eased in early activity as the Bank of Canada unexpectedly reduced its benchmark interest rate to a record low market watchers said. The Bank of Canada also noted that its interest rate may have to stay at that low for at least a year.

HCL Technologies profit down by half on forex loss
Forbes
said quarterly profits plunged by nearly half as the company battled foreign exchange losses lower prices and declining demand from financial services and telecom customers. The company said Wednesday that it earned $43. 0 million in net income during the quarter ended March 31 versus $85. 4 million during the same period a year earlier.