Forex news for Asia trading Thursday 10 March 2016
China
Japan
New Zealand & Australia
Oil
Yen was a mover in Asia today, with USD/JPY climbing from its low around 113.20 to above 113.75. Its seems the market is expecting no policy action from the BOJ next week, but that didn’t stop the yen from weakening against the USD (yen is barely changed against the EUR, though EUR/JPY dipped in the Tokyo morning only to have recovered as I update). The Japanese finance Minister today let slip that he was not very confident Japan won’t go back to deflation.
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