Week in FX Asia – Japan Indicators Help Yen Drop


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The yen continues to devalue to new lows against the US dollar. The catalyst for this week's slump were the national economic indicators such as Japanese Final GDP, which came in at a disappointing 0.0%, underscoring the lack of growth in the Japanese economy. This week was heavy with central bank statements and rate announcements but few surprises. All major economies held rates and Japan was no exception.

This policy meeting was the final one presided by governor Masaaki Shirakawa, who will be replaced by incoming governor Haruhiko Kuroda. The new governor is a proponent of strong monetary measures to kick-start the economy as is on-side with PM Shinzo Abe's brand of politics and economic policy.

 

China Commerce Minister Warns US, EU and Japan about Devaluation

Japan China Trade Down 8.2 Percent in the First Two Months of 2013

China's Exports Exceed Forecasts

Japan Heading in Right Direction


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New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.


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