Yen rises on speculations that BoJ will refrain from more stimulus

Note: This section contains information in English only.
Source: Bloomberg
The Japanese Yen appreciated against its major peers on speculation that the BoJ will not increase its monetary stimulus amid recovering economy. The Japanese currency rose 0.7% to 100.44 per U.S. Dollar after touching the lowest point since May 30 two days ago. The Yen appreciated 0.7% to 128.42 per Euro so far today. The currency has lost 21% of its value during the previous 12 months.
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Wed, 10 Jul 2013 08:03:06 GMT

Trade unexpectedly drops in China

Imports and exports unexpectedly declined in China indicating severity of the impacts of decreasing credit growth. Imports dropped 0.7%, while experts predicted a rise of 6%. Exports plummeted 3.1%, the biggest decline since the Great Recession, compared to the market expectation was an increase of 3.7%. The trade surplus in May was $27.1 billion, while analysts' estimate was $27.8.

Wed, 10 Jul 2013 07:27:17 GMT

Asian stocks rise as China's exports fall

Asian stocks advanced after the data showed that China's exports dropped most significantly since 2009. The MSCI Asia Pacific Index rose 0.2% to 131.68 after advancing 0.8% earlier today with 7 out of 10 industries soaring. Japan's Topix jumped 0.6% before dropping 0.5% later in the day. S&P/ASX 200 increased 0.2%, while NZX 50 climbed 0.7%.

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