Nikkei Gains Related Weakening Yen

Nikkei Gains Related Weakening Yen. Japan's stock market, the Nikkei moved higher early Friday trading, with the Nikkei moved up 2.2% at 10,844.10 points. The index cameas the U.S. dollar was at 89.91 yen traded near a peak against the yen since mid-2010. Bank of Japan will hold a meeting next week, and a strategist at Barclays Capital said that it seemed like an increase in the likelihood that the BoJ will meet next week urging the government to achieve the target inflation rate of 2% ". Friday's stocks rose, among others Mazda Motor Corp., which rose as much as 7.6%, Sony Corp. rose 3.9% and Honda Motor Co. rose 2.9%. Technology stocks look to maintain gains, as shares of Advantest rose 6.5% and Tokyo Electron Ltd. rose 4.7%.

Caught In Close range 1.0550, Aussie Ready Welcomes China's GDP

Aussie drops down 1.0500 in overnight trading related Australian employment data are weak, but edged trigger movement at that level and gradually moving up, closing the U.S. session at 1.0545, 30 pips below the price close today. "Hourly graphs shows that while there is a bullish signal from a technical reading of the price still has not been able to continue to the1.0550 area, the resistance level of satisfaction", said Valeria Bednarik, analyst at FXstreet.com. If prices rally managed to move above 1.0550, Bednarik identify selloff in 1.0580, then to 1.0600 figure. Target bearish recorded at 1.0520, 1.0490 and 1.0450.

Japan's Minister of Economy Soon To Agree With BoJ Fulfill Mandate

Japan's economy minister said Friday that the talks with the Bank of Japan is getting closer to an agreement requested by the Japanese government, shows that the two sides would soon reach an agreement to prepare a target inflation rate of 2%. "All going well," said Akira Amari told a news conference. "I think we'll be able to announce something after BoJ meeting next week". Government officials told Dow Jones Newswires that the draft statement for the BoJ to 2% inflation target over the medium term will be made. A final agreement is expected to be issued after the meeting, which ends on Tuesday.

Samsung to Release New Products, Similar with iPhone

When an official of Samsung Electronics Co. showed off a new chip at the Consumer Electronics Show in Las Vegas last week, it gives rise to speculation of a picture of the new Samsung product really is no longer the same as the previous smartphone product - which will be the next Samsung flagship product . Approximately 4 months later, the bloggers with writers in South Korean newspapers have been trying to unravel the details of Samsung products, which are likely to have the name of Galaxy S IV after many multiple versions displayed for 3 years.

They estimate that the new product will have a larger screen, a sleeker shape, equipped pen, does not have a button and of course, with a faster processor chip, along with a battery with a stronger resistance. Several reports in November showed that the product will have a screen that may rupture and impact resistant, and others say that the product will have the waterproof feature. Some pictures of an invitation to a press conference in March in South Korea have been circulating on a few websites.

Dollar Gains Ahead of U.S. Data - Fundamental Forx News Of Today

Dollar Gains Ahead of U.S. Data. The dollar rose against most major currencies after U.S. data fanned estimated employment figures today showing a recovery in the largest economy in the world. Yen extends reprieve against most major currencies as signs of weakening Japanese economy and coupled with disappointing results on Japanese corporate earnings spurred speculation the Bank of Japan will add to monetary easing.

"If we get very good data from the U.S., we will see investors hunt for dollars, as the U.S. dollar will strengthen" said Sue Ann Lee, an economist at United Overseas Bank Ltd.. in Singapore. "When we get the data very bad and some things not so well, usually dollar for dollar was also supported safe-haven currency."


Comment Swan injures Aussie


Aussie weakened at the London session, pressured by comments from Australian Treasurer Wayne Swan are back many hopes of RBA monetary easing at a meeting next week. "Australia's financial assets have now become part of the global portfolio allocation. This has encouraged the flow of foreign funds into Australia so as to encourage the strengthening Australian dollar," said Swan. "With fiscal policy on a consolidated and controlled inflation the Australian economy still has room to get a lower interest rate."

Swan and several other ministers in the cabinet goverment has prompted the central bank to ease monetary policy to help the economy at a time when the government is trying to record a budget surplus. Reserve Bank of Australia has cut interest rates by 25 basis points at the October meeting. The latest survey also showed the RBA will cut rates again by 25 basis points to 3% at the meeting of 6 November.