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Yen firms on trade tensions, investors await Fed

SINGAPORE: The safe-haven yen firmed on Tuesday after the U.S. Justice Department charged China's Huawei Technologies Co Ltd with fraud, ratcheting up U.S.-Sino trade tensions and prompting investors to ditch risky assets

The yen, a currency sought out during times of market uncertainty or economic stress, advanced a little on the greenback to 109.27. Against the Aussie dollar, the yen was up 0.4 percent to 78.04.

Yen bulls face reckoning

SINGAPORE: Investors growing increasingly bullish on the yen may have to re-examine their outlooks if retail sales and industrial production figures due this week add to mounting evidence that Japan’s economy is slowing.

Yen for currency: The Bank of Japan headquarters in Tokyo. Japan’s benchmarkbond yieldfell to the lowest in more than two years on Friday as a stronger yen and a slowdown inglobal manufacturingspurred demand for the assets as a haven. — Bloomberg

Ringgit to rise moderately, Bursa in positive momentum next week

KUALA LUMPUR: The positive global economic outlook is expected to continue driving Bursa Malaysia, as well as its regional peers into positive momentum, while influencing the benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) to test the 1,720-point level.

Phillip Capital Management Malaysia senior vice-president (investment) Datuk Dr Nazri Khan Adam Khan said consumer-related counters were expected to be leading the demand next week, due to the upcoming festive season.

OCBC Bank sees ringgit firmer vs US$ by end-2019

KUALA LUMPUR: OCBC Bank forecasts the ringgit to stabilise and strengthen against the US dollar by the end-2019 but this must also be weighed against softer oil prices.

OCBC Bank chief economist Selena Ling forecasts the ringgit to stabilise and strengthen against the US dollar by the end-2019