Asia Market, BoJ and Asian Currencies
The research teams at the bank said the Asian stocks were mixed in early trade on Tuesday as investor’s awaited signals on further bond buying by the Bank of Japan after its policy meeting. They added Indonesian equities were down 4.3% while the Hang Seng was down 0.7% - Asian currencies were either flat or weaker against the dollar with the KRW depreciating up to 0.59% against the greenback. They suggested the key economic releases lined up later in the day include Malaysia industrial production and US wholesale inventories and sales data.
London Currency Market
They felt the London trading session would be set to trade busy taking cues from a mix of global factors and corporate news with 19 company earnings releases scheduled for today. Focus in EEMEA will be on April CPI in Hungary along with 1Q GDP, and April current account deficit in Turkey.
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.