Stocks cool off after rally, yen subdued
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Asian stock markets took a breather on Monday with Tokyo's Nikkei slipping on fresh concerns about the economy, and the yen traded in a small range in a session likely to be dulled by the U.S. Labor Day holiday.
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Asian stocks and oil prices retreated from their peaks on Tuesday and the dollar halted its slide as investors held their fire ahead of a U.S. Federal Reserve policy meeting, where an interest rate cut is widely expected.
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The yen firmed against the dollar on  Friday, after dipping on a surprise rise in Japan's  unemployment rate, as investors grew cautious ahead of U.S.  growth data and a speech by the Federal Reserve chief.
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The dollar regained some ground against  the yen on Friday, moving away from four-month lows hit the  previous day as the market proved reluctant to push the U.S.  currency below the 107 yen mark.
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The yen kept most gains against the  dollar on Thursday after rallying to a four-week peak, but  investors saw no reason to push it higher due to growing  uncertainty about the outlook for the Japanese economy.
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Asian stock markets took a breather on Monday with Tokyo's Nikkei slipping on fresh worries about the economy, while the yen was steady in a session likely to be dulled by the U.S. Labor Day holiday.
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A sharp fall in oil prices boosted European stock markets and energy import-dependent Japan&#39;s yen on Thursday, but depressed government bonds as investors factored in a rosier economic outlook.
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Stocks tumbled on Thursday as a strengthening yen stirred concern that investors were being forced to unwind carry trades in a repeat of the risk aversion that sparked Tuesday's global market rout.
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The yen steadied on Thursday after  bouncing back from recent lows against the dollar and the euro  as oil prices stepped down from this week's record highs, while  investors awaited key economic data from Japan.
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Japan&#39;s Nikkei share average was lower at midsession on Monday as caution over the yen&#39;s rise offset optimism about the post-election outlook for Wall Street.
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Leading shares closed absolutely flat today after a pretty volatile session, taking a breather following sharp falls over the week with Wall Street registering a moderate rally helped by a narrowing of the US trade gap and soothing comments from a Fed official, dealers said.
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The dollar edged up against the yen and steadied versus the euro on Tuesday, as traders took a breather from recent heavy selling after the European Central Bank chief warned against the single currency&#39;s rapid climb.
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Japanese stocks fell on the open Tuesday as the market took a breather from a seven-month high on Monday. The dollar was lower against the yen.
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Japanese stocks fell on the open Friday as investors locked in profits following a five-session rallying streak. The dollar was higher against the yen.
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The dollar regained some ground against  the yen on Friday, moving away from four-month lows hit the  previous day, but the market remained reluctant to push the  U.S. currency below the closely watched 107 yen mark.
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Stocks ended almost unchanged on Monday as investors paused for breath after last week&#39;s post-election rally and braced for interest-rate hikes that threatened to slow growth and raise companies&#39; costs.
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Japan's Nikkei share average edged down  by midsession on Monday after erasing opening gains as investor  caution over the yen's rise offset optimism about the  post-election outlook for Wall Street.