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By Alun John
TOKYO/LONDON, Sept 22 (Reuters) – The Japanese yen strengthened sharply on Thursday
after authorities intervened in the foreign exchange market
for the first time since 1998 to shore up the battered currency.The dollar tumbled to as low as 140.31 yen, and was last down 1.2% at 142.37 in highly volatile markets.
The euro, Australian dollar and pound also plunged against
the yen.“We have taken decisive action (in the exchange market),” vice finance
minister for international affairs Masato Kanda told reporters, responding in the affirmative
when asked if that meant intervention.Japan’s first intervention in the currency market to shore up the
battered yen since 1998 came in the wake of the central
bank’s decision to maintain ultra-low interest rates that
have been driving down the currency.“What Japan is doing is sending a signal that it’s not a free ride to drive dollar/yen higher,” said Rabobank
head of currency strategy Jane Foley.However, she added: “Given that we just had the BOJ underpinning a very loose monetary policy and that came just after the Fed underpinned a hawkish outlook, I think the fundamentals will drive dollar/yen higher.”
Even after Thursday’s moves, the dollar is still up 23.4% against the yen this year.
KING DOLLAR
In what was proving a very busy day for markets,
the dollar hit multi-year highs earlier on Thursday, a day after
the Federal Reserve surprised markets with hawkish interest-rate
projections.The dollar index – which measures the U.S.
unit against a basket of six counterparts – earlier rose as high as 111.81 for the first time since mid-2002.
The euro weakened to a new 20-year trough of $0.9807,
and sterling fell to a fresh 37-year low of $1.1213, though both made back a little ground in London trading.The Bank of England meets later in the day, and the market currently
sees around an 85% chance of a 75 bps rate hike by the
BOE, and 15% of a half point increase.On Wednesday, the Fed issued new projections showing rates peaking at 4.6% next year with no cuts until 2024.
It raised its target interest rate range by another 75 basis points (bps) overnight to 3%-3.25%, as was widely expected.
The dollar was already supported by demand for safe-haven assets after Russian President Vladimir Putin announced he would call
up reservists to fight in Ukraine and said Moscow would respond with the might of all its vast arsenal if the West
pursued what he called its “nuclear blackmail” over the conflict there.SWISS FRANC TUMBLES
Separately the Swiss franc tumbled after the central bank raised rates by
75 basis points.The dollar and euro both climbed over 1% against the Swiss franc, with the dollar last at 0.9735, and the euro
at 0.9620.The Swiss National Bank raised its policy interest rate to
0.5% from the minus 0.25% level it set in June – only the second increase in 15 years.“I think the outsized reaction in EUR/CHF was down to the view that SNB could do 100 basis points, following (Sweden’s) Riksbank earlier this week. I think the market reaction, the EUR/CHF rally, is a bit overdone,” said Chris Turner, global head of markets at ING.
(Reporting by Kevin Buckland in Tokyo and Alun John in London;
Editing by Edwina Gibbs, Ana Nicolaci da Costa, Kim Coghill, Emelia Sithole-Matarise and Raissa Kasolowsky)Kalmeshwar India (blog.utoledo.edu)
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An Australian gigolo has lifted the lid on his very glamorous lifestyle which
sees him raking in $10,000 a month from sleeping with up
to seven women.Samuel Hunter, from Sydney, is often put
up in five star hotels by his wealthy clients and was even taken on 10-day
trip to Phuket recently to accompany a woman on an exotic getaway.The sex worker, who is in his early forties, sees women from all walks of life
acquire his services, with his youngest client just 23 and the oldest 70.Speaking exclusively to Daily Mail Australia, Samuel said
Stan’s show American Gigolo, starring Jon Bernthal, is ‘accurate’ in how glamorous the lifestyle is, as he really does get treated to luxury hotels by beautiful women.‘It’s exactly as you’d expect it to be, and exactly the opposite,’
he said.An Australian gigolo has lifted the lid on his very glamorous lifestyle which sees him raking in $10,
000 a month from sleeping with up to seven womenSpeaking exclusively to Daily Mail Australia, Samuel said Stan show
American Gigolo, starring Jon Bernthal, is ‘accurate’ in how glamorous the
lifestyle is, as he really does get treated to luxury hotels by
beautiful womenThe escort, who only has female clients, has been a full time sex worker for two years.
While admitting he’s held hundreds of different jobs, including working for
sex shop and writing blogs for a brothel, his interest in gigolo work peaked when he started
working for a charity called Touching Base who put disabled people in touch with sex workers.‘It kind of built-up to my mind about whether or not I could do it, but it’s been two years
now and it’s all I do’.RELATED ARTICLES
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Samuel also revealed that being a male sex worker, his lifestyle is
‘very different’ to the women in his industry.‘The biggest difference is women can see multiple clients
a day, but I limit it to just one.‘But women tend to get booked for shorter amounts of time, whereas most of
my bookings are for a few hours or overnight.’Samuel Hunter, from Sydney, is often put up in five star hotels
by his wealthy clients and was even taken on 10-day trip
to Phuket recently to accompany a woman on an exotic getawayThe escort, who only has female clients, has been a full time
sex worker for two yearsAbout a quarter of Samuel’s clients are married, and
it’s these ones that tend to book him for two hours – at a
rate of $600.The package, called ‘the business’, is designed
for ‘something brief in a hectic life, with Samuel ‘mixing
up a cocktail’ before ‘play time’.Most of his clients are in their early forties
and are regulars, booking him overnight, or even multiple days
at a time.‘I’ve got a dad bod, so most women that like me are 35 or older,’ Samuel
said.‘There is some of them five-star hotels in lovely dining involved.
‘In July, I had a 10 day trip to Phuket, which was very glamorous’.
While he’s never seen the 1980 film American Gigolo,
Samuel notes the Richard Gere classic is ‘on his to watch list’.About a quarter of Samuel’s clients are married, and it’s these ones that
tend to book him for two hours – at a rate of $600The remake seems to be a sequel of sorts to the
original movie, which starred a young Richard Gere as an escort called Julian Kaye
framed for murdering a woman.In the new trailer, the dashing Julian – now played
by Jon, 45 – emerges from jail after being exonerated for the killing
and goes right back to work.‘It’s interesting that Richard Gere broke out in American Gigolo and then went on to play the other side in Pretty Woman,’ Samuel adds.
While in the film and TV adaptations, the gigolos deal with some unsavory clients, Samuel has found that
women seeking his services have never caused him trouble.‘They usually get in touch from my website, and they’ll read every part of my website.
Then and now: The show (right) seems a sequel of sorts to the
original movie, which starred a young Richard Gere (left) as an escort called Julian Kaye framed for
murdering a womanIn the new trailer, the dashing Julian – now played by Jon, 45
– emerges from jail after being exonerated for the killing and goes
right back to workWhile in the film and TV adaptations, the gigolos deal with some unsavory clients,
Samuel has found that women seeking his services have never
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They had a savage fight during the Real Housewives of Dubai reunion episodes.
And Lesa Milan says her feud with castmate Caroline Stanbury
is far from over.Speaking exclusively to Daily Mail Australia at
Bravocon on Friday, the fiery 33-year-old fashion designer branded the
former Ladies Of London star a ‘bully’ and said they have
not spoken since their clash.EXCLUSIVE: Real Housewives of Dubai’s Lesa Milan branded
co-star Caroline Stanbury ‘a bully’ at Bravocon on Friday, and said they have NOT
spoken since the British star made wild claims she ripped off
her friend’s fashion designs and accused her of being an escortDuring the first part of the season one’s reunion Caroline claimed designs for Lesa’s Mina Roe maternity brand were stolen from one
of her friend’s clothing line.She also made wild accusations that Lesa was an escort when she lived in Miami.
When asked how where exactly her relationship stands now with Caroline, Lesa said it is ‘exactly where we left it’.
‘We do not talk.
I mean how could you, right? I work so hard to be where I am,
I work so hard on my brand. Everything she said was a lie and for me as a friend,
I would never attack someone else’s business with lies,’ she said.When asked how where exactly her relationship stands now with Caroline,
Lesa said it is ‘exactly where we left it’ and they have not spoken since the first season of
the show‘It was very hurtful, but the best revenge is
success.Mina Roe is going to possibly be in some of the biggest
department stores in the US snd we are growing and expanding.’When asked why Caroline keeps clashing with most of the housewives of the
show: Lesa added: Are you surprised?
I do think she is somewhat of a bully, but I do hope she gets the help
that she needs and she comes back and we have fun.‘Because when you are around girlfriends you don’t want to have toxic energy, you kind of want to be
around supportive and fun.’The ladies of Real Housewives of Dubai are pictured onstage at Bravocon
Lesa was left furious during part one and two of the reunion episodes when socialite and influencer Carolina claimed that Lesa
had copied the designs of an unnamed friend for her successful line
of modern maternity wear.She produced a handmade Mean Girls-style book to host Andy Cohen, titled ‘The Book of Lies by Lesa Milan’, which
had a photo of Lesa on the front along with a Pinocchio-style nose superimposed on her face.‘Well, I googled maternity wear and she is certainly not listed and her designs are designed by my friend.
I got a text message from my friend saying three of the designs are hers,’ Caroline
claimed, when Andy asked her what she thought of Lesa’s brand.Lesa was left furious during part one and two of the reunion episodes when socialite
and influencer Carolina claimed that her Lesa had
copied the designs of an unnamed friend for her successful line of modern maternity wearShe went on to say that her friend was threatening to go to Diet Prada, an Instagram account and fashion watchdog group that calls out copycat designs.
Lesa hit back and insisted that ninety percent of Mina Roe’s designs were hers and the other
10 percent were ‘outside creative for which we have a license for all of those pieces’.‘Let me know when you can run a successful business, I
can teach you.I don’t steal designs,’ she fired back at Caroline.
‘I don’t care to know you. You are the wicked witch of
the Middle East,’ she added.Caroline hit back and claimed that over the course of the season Lesa had attacked
her younger husband Sergio and called him gay, said
her followers were fake and she didn’t have a business.She then went on to make accusations that when Lesa lived in Miami, she worked as an escort.
Shaking her head, Lesa said: ‘You are obsessed with me.
It is dangerous. You are disgusting. You wished you looked like me.’
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