Apart from the Australian GDP report and drop in the AUD this session is a bit of a fizzer.
Here's something from Bloomberg to tide us over to the Europe session or China FX Reserves data, whichever comes first.
Hakubun Shimomura, a senior member of Japan's ruling Liberal Democratic Partys says the fast-falling yen could go to far
- "If the yen weakens too much, import prices go up," Shimomura said in an interview in Tokyo on Monday. With most of the nation's nuclear reactors offline and Japan importing more energy, he said this was "even more the case."
- Also says higher import prices could also hurt small businesses that rely on materials from overseas.
- "I hope the yen doesn't get much cheaper than its current level"
