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Japan’s Aso calls for structural reforms

Japanese Finance Minister was on the wires stating the need for structural reforms as the economic continues to struggle despite multiple rounds of monetary and fiscal easing.

Key points

Personal consumption now strong in GDP reading

Q2 consumer spending and exports were weak

Government and Bank of Japan (BOJ) working to together to escape deflation, important for this to continue

 

NZD/USD trades below 0.72 as USD demand returns

NZD/USD pair stays below 0.72 handle as the US dollar recovery continues in Asia despite a big miss on retail sales figure on Friday. Monetary policy
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EUR/USD: Bears attacking 1.1150 support, targets 200-DMA

EUR/USD is seen testing the key 1.1150 support in post-China open, extending its sharp decline from weekly highs reached above 1.1220 last week.   EU
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