Kuroda might consider new open-ended asset buying prgram soon

The Yen has found some mild bids off 93.30 lows, where the 1 hour 20EMA crosses, after BoJ chief nominee Mr. Kuroda said he will consider a new era of open-ended asset buying soon.

Mar 4, 2013

China, Hing Kong markets hit on home sales tax hike

The Shangai Composite index is tumbling on Monday following the issuance of stricter property rules in China, in what seems a last-ditch effort to combat speculation on housing prices.

Forex: USD/JPY to session lows not too convinced on Kuroda's words

With local share markets deeply in the red but Nikkei index that prints fresh 4 year highs above the 11700 points mark, going against the current negative flow in equities, USD/JPY test session lows last at 93.33, off recent session highs at 93.73. BoJ nominee Kuroda is still talking to Japan parliament ahead of next March 11 vote, saying he will do “whatever it takes” to end deflation in the country.