FOREX-Yen slammed to near seven-year low vs dollar on BoJ easing NEW YORK, Oct 31- The yen plunged to a near seven-year low against the U.S. dollar on Friday, putting it on track for its worst day in 18 months, after the Bank of Japan shocked financial markets with an aggressive easing of its monetary policy. While some investors had expected some easing, most had thought any additional action was months away as Governor Haruhiko...
| By: Daniel Bases
GLOBAL MARKETS-Shares rally, yen slumps as BOJ ramps up stimulus NEW YORK, Oct 31- Global equity markets rallied and the yen fell to a nearly seven-year low against the dollar on Friday after the Bank of Japan surprised financial markets by ramping up its massive stimulus program. The unexpected jolt from the BOJ put the dollar on track for its biggest daily gain against the yen in 18 months, while driving gold and silver to their...
| By: Herbert Lash
HSBC to set aside $640M for forex probe HSBC is expected to set aside about $640 million to cover the cost of an investigation into suspected manipulation of FX markets. The FT reports.
Source: Financial Times
| By: Martin Arnold
Global markets cheer Japan's double whammy Japan's Government Pension Investment Fund announced it will put half its assets in stocks and cut its holdings of government bonds, boosting global markets.
| By: Bob Pisani
UPDATE 2-Rouble still slumping after big Russian rate hike MOSCOW, Oct 31- The rouble slumped around 3 percent against the dollar on Friday, giving back almost all its sharp gains of the previous session, even after the central bank hiked its key interest rate by more than the market had expected. Coupled with talk of a large, one-off intervention by the bank and a possible deal between Russia and Ukraine over Crimea, such...
| By: Alexander Winning and Vladimir Abramov