Week in FX Asia – Abe’s Cohorts Will Stand In The Way Of A Rising Yen

The real-investor seems to have been too hung up on the EUR and its periphery concerns. The fact that the yen crosses remain under pressure, despite the BoJ falling somewhat short of expectations earlier this week, is strong proof that the Central Bank really does like yen at 100.

Recent Japanese government comments only serve to remind us the relentless single-minded drive by Abe’s cohorts to pursue a weaker currency policy to resuscitate their floundering economy. Japan is “closely monitoring developments in the currency market” and indicated that “appropriate action” would be taken if the currency resumed it’s strengthening tend!

• Yen Surges to Near 91 after Minister’s Comments
• Higher Taxes and Mortgage Requirements Turn Off Deals in Singapore
• Japan’s Deputy Economy Minister Endorses Yen at 100
• Aussies Slow Inflation Brings The RBA In Play
• India, World’s Largest Gold Buyer, Raises Import Taxes
• Australian Consumer Prices Gain Less Than Forecasts
• BOJ’s Impact on the Yen
• Yen Rises for Third Day Before Price Data
• Deferred Actions from BOJ put pressure on Abe’s Stimulus Package
• Yen on The Prowl; AP delayed
• BOJ Adopts Abe’s 2% Inflation Target
• BOJ’s next move will be under the Microscope
• Offshore Trading of Yuan has Estimated to have Doubled to $6 billion a day
• Japanese Stimulus Seen Boosting Southeast Asia
• Singapore Dollar Losing Luster to Higher Returns
• No more cheap labor? China’s growth at risk
• SEA currencies to gain against SGD in 2013

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