Topix fell -6.87% to close at 1,188.34 USD/JPY hovering just off day’s lows of 101.99
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Japan’s Nikkei falls 7.3% to close at 14,483.98
Japan’s Nikkei falls 7.3% to close at 14,483.98
Greek Prostitution Soars By 150% As Youth Unempoyment Hits 75% In Some Areas
With Greece suffering the biggest economic depression in decades, all so a few rich men can preserve their wealth and not have their EUR-denominated savings wiped out (even if the alternative means finally being able to rebalance externally using the Drachma instead of forcing internal rebalancing…
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Greek Prostitution Soars By 150% As Youth Unempoyment Hits 75% In Some Areas
3 Numbers To Watch: DE Comp. PMIs, EU Comp. PMIs, US Mfg. PMI
Thursday is a busy day for economic news, including several flash PMI reports, which will be closely watched for clues about the macro trend in May for Europe and the US. In addition, the UK revises its first-quarter GDP estimate and the April report on new home sales in the US is scheduled for…
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3 Numbers To Watch: DE Comp. PMIs, EU Comp. PMIs, US Mfg. PMI
Japanese Stocks Plunge Over 800 Points – Biggest Intraday Swing In 22 Months
All the time it is just the quadrillion JPY second-largest bond market in the world that is experiencing volatility on an unprecedented scale, the BoJ and her partners in crime are more than willing to ‘officially’ say “please do not worry.” But when the equity market – that barometer of everything…
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Japanese Stocks Plunge Over 800 Points – Biggest Intraday Swing In 22 Months
Taiwan Said to Limit Bullish Currency Bets as Yen Hits 2008 Low
Taiwan, seeking to rein in the local dollar and boost export competitiveness, tightened limits on domestic banks’ bullish bets on the currency following the yen’s tumble to the lowest level since 2008. The Central Bank of the Republic of China (Taiwan) reduced the daily cap on the net U.S. dolla…
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Taiwan Said to Limit Bullish Currency Bets as Yen Hits 2008 Low
Five lessons Europe can learn from Abenomics
A stagnant economy? Check. An aging population? Check. An unsustainable debt burden? Check. The closer you look, the more apparent the similarities between Japan and Europe become. Both economies are stuck in recession. Both of them have aging populations, and will soon have to grapple with steep…
UK austerity: IMF 1, Osborne 0
Somehow, in the looking-glass world of Mr Osborne’s Treasury, the IMF’s litany of criticisms counts as relatively good news. …
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UK austerity: IMF 1, Osborne 0
GBP/JPY breaking down short-term range support
Range: The 1H GBP/JPY hart shows a market that has been ranging since it found resistance at 156.76. It has ranged roughly from 154.90 to 156.76 since May 9. As we get into the 5/23 session, price has been anchored in a falling channel and is threatening to break down the range support. Momentum:…
China manufacturing unexpectedly contracts in blow to growth
China’s manufacturing is contracting in May for the first time in seven months, adding to signs that economic growth is losing steam for a second quarter. …
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China manufacturing unexpectedly contracts in blow to growth
JGBs dive, dollar index hits 3-yr high on Bernanke comment
* Dollar index hits highest level since July 2010. * Bernanke QE comments lift U.S. bond yields and dollar. * MSCI Asia Pacific ex-Japan falls but Nikkei climbs. * JGB dive, 10-year JGB yield hits highest since April 2012. Japanese government bond prices dived and 10-year JGB futures tum…
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JGBs dive, dollar index hits 3-yr high on Bernanke comment
