taxes

taxes

Asia report: USD/JPY weakness

17m ago
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31 May 2016: IG analyst Angus Nicholson says USD/JPY has weakened to the 1.11 level, which could be down to the fact the Japanese prime minister will successfully be able to push back the implementation of a planned tax hike into 2019. Australian building approvals and the net exports contribution to Q1 GDP have both come in higher than market expectations, however the ASX remains down. Finally, in China, speculation has been abounding that the Chinese markets could be included in the MSCI’s Asia Index.