The Traderszone Network

All things yen lower today.
I posted on the AUD earlier, here –
AUD/USD drifting lower – chatter of AUD/JPY stops hit
EUR/JPY falling through 133 now

I was looking at the daily chart earlier … here ’tis:

The Wall Street Journal on the outlook in South Korea:
South Korean Finance Minister Choi Kyung-hwan says the country has cut its growth forecast because of the risks from China’s slowdown. He was speaking with the Journal on the sidelines of the G20 meeeting

Bloomberg with a sobering article on the outlook for oil producers in Canada
Companies including Penn West Petroleum Ltd. are under pressure to sell assets to keep the money flowing

George Magnus, a senior independent economic adviser to UBS
– Says Chinese stocks are not close to bottoming
More here at the Sydney Morning Herald
If you can’t access the SMH, link to the same at

Submitted by Paul Craig Roberts,

America’s descent into totalitarian violence is accelerating. Like the Bush regime, the Obama regime has a penchant for rewarding Justice (sic) Department officials who trample all over the US Constitution. Last year America’s First Black President nominated David Barron to be a judge on the First US Circuit Court of Appeals in Boston.

read more

Japan shares fell on Friday as traders took cover ahead of the all-important U.S. employment report.

Hong Kong’s Nikkei Purchasing Managers’ Index (PMI) for August: 44.4
– 48.2 prior
44.4 … that can’t be an auspicious number, right?
Anyway … lowest since April 2009