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Week in FX Asia – Japan and China Tension Continues

Japan and China island dispute continues. China held a naval exercise which sparked some controversy. Japan on its end is looking to hedge its dependance on rare metal imports from China by looking to partner with India.

US quarterly earning reports and the European crisis were the two major external factors that impacted the Asian economies. The Chinese economic slowdown has reduced the growth outlooks of exporting countries such as Australia who have reduced their interest rates to remain competitive. China’s main trading partners are looking to alternatives to diversify their exports.


  • CAD Bank of Canada Rate Decision
  • AUD Consumer Prices Index (YoY)
  • USD Federal Open Market Committee Rate Decision
  • NZD Reserve Bank of New Zealand Rate Decision
  • GBP Gross Domestic Product
  • USD Gross Domestic Product (Annualized)
  • USD U. of Michigan Confidence

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Alfonso Esparza

Alfonso Esparza [18]

Senior Currency Analyst at Market Pulse [19]
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
Alfonso Esparza

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