The News Review:

- FREX-Dollar yen gain as investors close riskier bets
- FREX-Dollar up vs yen on stocks Japan official’s comments
- WRLD FREX: Dollar Yen Fall n Broad Market Rally

FREX-Dollar yen gain as investors close riskier bets
Reuters
HSI following data showing arecord contraction in the local economy. il prices hovered around $56 per barrel CLc1 in Asiantrade on Monday following a sharp drop on Friday with dealersbecoming increasingly pessimistic about the outlook for globalenergy demand. Traders will watch whether the yen can sustain broad gainsbefore reports due later in the week that are expected to showJapan’s economy suffered its deepest quarterly contraction sinceWorld War Two while economists forecast a return to growth inthe following quarter. [ID:nT42914] The dollar index a gauge of the greenback’s performanceagainst six major currencies rose 0. 2 percent from late U.

FREX-Dollar up vs yen on stocks Japan official’s comments
Reuters
The safe-haven yen rallied sharply last week with thedollar losing 3. 8 percent — its biggest weekly drop since lastctober — as optimism over the global economic outlook fadedfollowing weak data in the United States and Europe. “Basically the MF put the market on notice that theydon’t want to see yen appreciation beyond 95 to the dollar”said Brian Dolan chief currency strategist at Forex. com inBedminster New Jersey.

WRLD FREX: Dollar Yen Fall n Broad Market Rally
Wall Street Journal
–>WRLD FREX: Dollar Yen Fall n Broad Market Rally ArticleCommentsmore in. The Indian rupee rose sharply from a three-month-long lull to its highest level against the dollar yet this year after an election victory for the incumbent government boosted local assets. The dollar traded close to INR47. 50 Monday down about 3% almost two rupee from a day earlier as India’s stock market surged 17%. “This development should aid the Indian economy and the INR’s prospects but we would caution against excessive optimism” said analysts.
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