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Japan trade

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Asian Session – Yen hits new two-week low versus dollar as Japan’s trade deficit weighs

Posted on April 22, 2014 at 7:09 am GMT

The yen extended losses versus the US dollar during the Asian session on Tuesday to reach a new two-week low in thin trading conditions as markets slowly resume trading after the Easter holiday break. The yen was being weighed down by disappointing Japanese trade data released on Monday. Japan’s deficit widened by more-than-expected in March to 1.45 trillion yen versus 802.5 billion yen in February.  The country’s export growth slowed to its weakest in a year to increase the trade [..]

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Asian Session – Dollar weak after Fed minutes, yen gains on soft China PMI

Posted on February 20, 2014 at 7:41 am GMT

There was a flurry of news during the Asian session as well as overnight during the US session, which were generally downbeat and dampened risk appetite in the currency markets. This led to safe haven flows into the yen. The flash reading of the HSBC China Purchasing Managers’ Index (PMI) fell in February to a 7-month low of 48.3 from January’s final reading of 49.5, missing forecasts for a 49.5 reading. Anything below 50 signifies contraction, compared to an above [..]

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European Session – Euro recovers after better than expected German PMI

Posted on January 24, 2013 at 1:44 pm GMT

Euro experienced some volatility against the dollar on Thursday morning, touching a European session low after weak French PMI data and a record high Spanish unemployment rate but then reversed losses after strong PMI numbers from Germany. The release of a new record high Spanish unemployment rate of 26.02 percent initially weighed heavily on euro but then euro climbed back up after the PMI releases, which showed Germany expanded at its fastest pace in a year. Germany is considered to [..]

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Asian Session – Yen weakens, upbeat China PMI lifts sentiment

Posted on January 24, 2013 at 7:26 am GMT

Upbeat data from China lifted market sentiment and risk appetite, resulting in a weaker safe haven yen and boosting the Australian dollar. China HSBC flash PMI hit a 2-year high in January, which was an encouraging sign for the global economy since China is the world’s second largest economy. The preliminary reading of China’s Purchasing Manager’s Index (PMI) rose to 51.9 in January from the 51.5 final reading for December and the 51.7 forecast. Yen weakened, snapping a three- day [..]

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Asian Session – Yen falls after Japan trade data

Posted on December 19, 2012 at 7:08 am GMT

The Asian session maintained the upbeat sentiment from yesterday as signs of progress in the US fiscal negotiations bolstered demand for riskier assets. Investors are more optimistic that US policy makers will reach a budget deal to avert the fiscal cliff. US House Speaker John Boehner said he will push a budget “plan B” measure that would include tax increases on income of more than $1 million, countering Obama’s proposal while showing willingness to compromise on taxes. Euro was broadly [..]

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