Archive for April 19th, 2013

Foreign Exchange Insights and Next Week

Next Week

April 19, 2013

Central bank policy meetings are scheduled next week in Mexico, Hungary, Israel, New Zealand, the Philippines and, most importantly, Japan, where a semi-annual Outlook for Economic Activity and Prices will be unveiled and explained at a press conference by Governor Kuroda.  This will be the second BOJ meeting of April.  Coming into the month, it […] More

New Overnight Developments Abroad - Daily Update

Market Tone Set by Weaker Yen

April 19, 2013

Japan’s delegation got its spin of the Group of Twenty talks out first.  Finance Minister Aso said no objection was made to Japan’s reflationary policies, which are meant to end deflation.  It’s not a policy to devalue the yen, he said.  Bank of Japan Governor Kuroda said much the same, and Prime Minister Abe gave […] More