Monday, January 21, 2013

Yen Gains as BOJ Meets; Most Europe Stock Rise, Oil Falls

The yen rebounded from its lowest level since June 2010 against the dollar as the Bank of Japan (8301) began a two-day policy meeting. Most European stocks rose as finance chiefs gathered for the first time this year.
Japan’s currency strengthened 0.5 percent to 89.65 per dollar at 9:45 a.m. in New York. The Stoxx Europe 600 Index added 0.2 percent, with the volume of shares changing hands 31 percent less than the 30-day average. Standard & Poor’s 500 Index futures gained 0.1 percent. In Canada, the S&P/TSX increased 0.1 percent. Oil dropped from a four-month high. U.S. natural gas climbed to its highest level since Dec. 7.