Week in FX Asia – Japan Dissolves Parliament

Japanese Prime Minister Noda passed a bill giving the goverment the ability to issue debt before dissolving the lower house of parliament and calling for elections on December 15th. Observers are expecting a return to power by the LDP and its leader, former PM Shinzo Abe. One of the biggest issues in this election is China and Abe has a hard stance, which could impact Japan’s trading partnership. China on the other hand finished a 10 year cycle this week with the Communist Party Congress which transfered power from Hu Jintao to the known successor Xi Jinping.

• Japanese Elections – Impact on N225 and USD/JPY
• Weak Retail Sales push NZD lower: Charts
• BOJ may need rates below zero
• RBA may hold rates due to growth in Consumer Prices
• Japan PM Dissolves Parliament Fiscal Cliff Averted
• Singapore Gov slash GDP forecast to 1.5%, Business Outlook Gloomier
• Singapore Inflation to Slow Growth in 2013
• Singapore Home Sales Drop 26% in October
• Japan’s Abe wants BOJ to set negative interest rates
• SGD – CPF interest rate to remain at 2.5%
• Asia’s Bond Market Bubbling as Investors Chase Yields
• EUR/JPY Technicals – Bulls fail to break 104 resistance level

This article is for general information purposes only. It is not investment advice or a solution to buy or sell securities. Opinions are the authors; not necessarily that of OANDA Corporation or any of its affiliates, subsidiaries, officers or directors. Leveraged trading is high risk and not suitable for all. You could lose all of your deposited funds.