NEW YORK, April 30 (Reuters) – The yen fell against the dollar on Tuesday, giving back a chunk of its sharp gains in the prior session sparked by suspected intervention by Japanese authorities, Facebook while U.S. The Bank of Japan (BOJ) on Tuesday left its plan for monthly bond buying unchanged for May. Euro zone inflation held steady as expected in April but a crucial indicator on underlying price pressures slowed. The dollar index gained ground after economic data showed U.S. The euro is down 1.11% for the month and Sterling is down 1.02%, on track for its biggest monthly drop since September. Japan’s government bond (JGB) investors are looking for clues on the timing of a taper, which will lead to higher, more attractive yields, supporting the yen. Markets have continued to push back expectations for the timing of a rate cut this year, with odds for a cut in September of at least 25 basis points (bps) just slightly below 50%, according to CME Group’s FedWatch Tool. The yen weakened 0.88% against the greenback at 157.73 per dollar, but was still off its 34-year low of 160.245 hit on Monday when traders say yen-buying intervention by Tokyo drove a strengthening of about five yen. Erik Bregar, director of FX and precious metals risk management at Silver Gold Bull in Toronto. Japanese officials may have spent some 5.5 trillion yen ($35.05 billion) in supporting the currency on Monday, Bank of Japan data suggested on Tuesday. The dollar index gained 0.52% at 106.24, with the euro down 0.42% at $1.0674. This comes as the Fed begins its two-day monetary policy meeting on Tuesday, where it is widely expected to hold rates at 5.25%-5.5%, while comments from Chair Jerome Powell will be closely watched for signs of the central bank’s policy path in light of recent data on inflation and the labor market. Bank of America technical strategist Paul Ciana said in a note that a supported and stronger US dollar is the firm’s base case, and they still advocate for buying the greenback dips “in anticipation of another leg higher” in the second quarter. French and eurozone inflation data released on Tuesday boosts confidence the European Central Bank (ECB) will be able to start lowering interest rates in early June, said ECB policymaker Francois Villeroy de Galhau, while European Central Bank policymaker Pablo Hernandez de Cos said the ECB should start cutting interest rates in June if inflation continues its gradual decline as expected. Sterling weakened 0.49% at $1.2499. The dollar index was up 1.7% for April and poised for its biggest monthly gain since January.
Argos TV began airing in mid-June.
You wouldn’t see Victoria Beckham doing that! Mrs Rooney – a one-time shop girl who used to earn £3.65 an hour – had previously also enjoyed trips to Barbados, the Glastonbury Festival, the South of France, and Dubai. Her duties since then have included opening stores. While talking of a Coleen Ladies Sweetie Bracelet and Watch Gift Set – again reduced from £24.99 to £19.99, the star explained: ‘You’ve got the best of both worlds. On Tuesday night Mrs Rooney appeared for the first time on Argos TV, the recently launched satellite shopping channel off-shoot of the struggling High Street store. Which one do you like? She spent £50,000 renting out a luxury yacht – plus cabin crew – for a week long break on the party for her and seven friends, including her brother Joe McLoughlin. The star explained to viewers: ‘I love working for Argos because lots of people can afford it. Mrs Rooney – whose own wedding ring is reputed to have cost £1million – happily advertised a selection of her budget wares. Together with her footballer husband, Coleen Rooney is estimated to be worth a cool £49million. She made her debut appearance for the firm’s TV station, which broadcasts on Ch642, live from Argos TV’s main studio in Kentish Town, North West London. Argos TV began airing in mid-June. These included a Coleen White Bracelet Rose Gold Round Dial Watch, reduced from £24.99 to £19.99, and Coleen Smokey Crystal Hoop Earrings, which were priced at £29.99. Instead, her mother Colette McLoughlin – a nursery nurse – provides the all-important advice. Mrs Rooney, though, also revealed she does not turn to her England footballer husband Rooney for inspiration when she is designing her collections. Mrs Rooney appeared alongside the main presenter to show off – and for the company’s sake hopefully sell – her latest jewellery range for the firm. Other gifts that Mrs Rooney was busy trying to sell included a Coleen Ladies Gift Set Watch and Handbag Charm, again reduced from £24.99 to £19.99. During her hour-long appearance, Mrs Rooney was more than happy to talk of her family – including 23-month-old son Kai – in her bid to sell the trinkets. England striker Rooney is estimated to be worth £37million while Mrs Rooney’s wealth is said to add up to £12million. Less than two weeks ago Argos announced a slump, with like-for-like sales in the 13 weeks to 27 August falling 8.6 per cent. Describing a Coleen Ladies Rose Gold Bracelet Watch (again priced £24.99), Mrs Rooney explained: ‘I took inspiration for this watch from another watch I have, which is slightly more expensive. ‘I wear a watch every day and evening because you need to know the time, don’t you? Mrs Rooney first signed a deal to create her own jewellery with Argos in 2008. At the time, she signed a £500,000 contract to help make her own necklaces, bracelets and earrings. ‘My mum’s opinion is the one that really counts,’ she explained. Mrs Rooney last month returned from a holiday in Ibiza, her fifth vacation of the summer. And Argos will be hoping Mrs Rooney’s appearance leads to a sale surge for the firm. At one point, Mrs Rooney also appeared to make an admission that her Argos jewellery range was not necessarily what she wore personally. Tuesday night’s appearance on the channel was Mrs Rooney’s first.
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