US Vice President Asks Japan And China to Lower Tensions

U.S. Vice President Joe Biden urged Japan and China to lower tensions that have spiked since Beijing announced an air defense zone over disputed islands in the East China Sea, while repeating that Washington was “deeply concerned” by the move.

The United States has made clear it would stand by treaty obligations that would require it to defend the Japanese-controlled islands, but is also reluctant to get dragged into any military clash between the Asian rivals.

via CNBC

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Alfonso Esparza

Alfonso Esparza

Senior Currency Analyst at Market Pulse
Alfonso Esparza specializes in macro forex strategies for North American and major currency pairs. Upon joining OANDA in 2007, Alfonso Esparza established the MarketPulseFX blog and he has since written extensively about central banks and global economic and political trends. Alfonso has also worked as a professional currency trader focused on North America and emerging markets. He has been published by The MarketWatch, Reuters, the Wall Street Journal and The Globe and Mail, and he also appears regularly as a guest commentator on networks including Bloomberg and BNN. He holds a finance degree from the Monterrey Institute of Technology and Higher Education (ITESM) and an MBA with a specialization on financial engineering and marketing from the University of Toronto.
Alfonso Esparza