USD/JPY Rising Despite Remarks; Asian Stocks Higher; Markets Await UK GDP Data; Sweden Election Neck and Neck.
Enter your emailAsian stock markets begin the week firmly while the Japanese Yen is weakening again.The Japanese Yen is selling off again as the week opens, though with considerably less momentum than was seen some days ago.
The weakening is occurring despite remarks from Deputy Chief Cabinet Secretary Seiji Kihara on Sunday that Japan has “to take necessary steps while closely monitoring developments including excessive, one-sided moves in the exchange rate.” Governor of Kuroda of the Bank of Japan has made similar statements¥145 and probably really want to see it stabilise somewhere below that level.
Global stock markets mostly rallied at the end of last week, and the Asian session this week has begun with firm gains in major Asian equity indices
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