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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.

 

WEEK AHEAD

  • JPY Bank of Japan Rate Decision
  • AUD Reserve Bank Board Minutes
  • GBP Bank of England Minutes
  • USD U. of Michigan Confidence
  • CAD Consumer Price Index
  • EUR Euro-Zone Gross Domestic Product
  • USD Consumer Price Index

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Alfonso Esparza

Alfonso Esparza [17]

Senior Currency Analyst at Market Pulse [18]
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