The yen remains under strong pressure and is currently testing the critical 90 level. The downward spiral could continue into next week, as Prime Minister Abe has been continually talking about lowering the currency’s value and has been leaning on the Bank of Japan to implement further easing steps which will push the yen down even further. Bank of Japan Governor Masaaki Shirakawa stated that the BOJ will introduce further monetary easing steps, and warned that the economy would continue to struggle due to weak global conditions. The BOJ implemented monetary easing throughout 2012, and is widely expected to follow suit at a policy meeting next week. Analysts expect the central bank to double its inflation target to 2%, which is the government’s stated target.
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- Chinese Gap between Rich and Poor narrows
- Yen Is Near 2 1/2-Year Low as Speculation Mounts about BOJ’s Next Move
- Australian and N.Z. Dollars Rise to Highest Against Yen Since 2008
- Singapore Dec Exports: Largest drop in 14 months
- Yen Rises as Officials Suggest being on on the Brink of a “Currency War”.
- China Set to Exit a Seven-Quarter Slowdown
- Japanese Machine Orders Gain Surprise Analysts
- Japan’s Bitter Territorial Row with China
- Singapore – Cooling Measures Introduced to curb Rising Home Prices
- The Australian Dollar Staying Strong
- AUDUSD Drops below 1.0550 Before Employment Data
- Japan and Singapore Agree to Negotiate on Regional Free Trade Agreement
- China Official Growth in 2012 was 7.7 percent
- China Opens Foreign Currency Loan Office
- China Sovereign Fund Praises 2012 Returns
- India Inflation Hits 3 Year Low
- Yuan Touches 19-Year High after PBOC Raises Fixing for a Third Day
- Shinzo Abe buys U.S. government bonds to boost his nation’s slowing economy
- Yen Moves to Lowest Since June 2010 on Bets on BOJ Easing
- Eyebrows Raised on Unexpected Surge in Chinese Exports
- Abe’s 1st shot – 10.3 Trillion Yen
- Cold Winter in China pushes Inflation higher
WEEK AHEAD
- JPY Bank of Japan Rate Decision
- AUD Consumer Prices Index
- JPY Bank of Japan Monthly Economic Report
- GBP Bank of England Minutes
- GBP Jobless Claims Change
- CAD Bank of Canada Rate Decision
- JPY National Consumer Price Index
- GBP Gross Domestic Product
- CAD Bank Canada Consumer Price Index
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