The Traderszone Network

Forex news for Asia trading Wednesday 31 August 20
The last day in August was a relatively quiet affair here in the Asian morning. USD/JPY managed a pop to above 103.20, which came well after earlier data for preliminary industrial production in Japan (July) disappointed against estimates (see bullets above for the data, but it was a flat reading on the month and suggestive of stall in output again). USD/JPY has subsequently retraced its gain and is just above 103 as of updating.

South Korea plans to have Hyundai Merchant Marine Co.

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North Korea recently executed a vice premier, South Korea’s government said, a move that would be the latest in a series of high-level purges by dictator Kim Jong Un, if confirmed
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Magnitude 6.8 off Rabaul, Papua new Guinea
Nothing further at this stage – waiting to hear if there is a tsunami alert
Map from USGS:
More;
– Depth of 499 kms

Apple’s Irish tax bill could top $20 billion if it does not succeed in overturning an European Commission ruling, says expert.

A Bank of Japan official urged close attention to consumer spending Wednesday, an indication that continued sluggishness in the biggest part of the economy is worrying central bankers ahead of a policy meeting next month.
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says the Bank of Japan is stuck in the stone age
A columnist in the Japan Times
– History’s most ambitious monetary experiment hasn’t evolved, adapted or unleashed the Darwinian forces the world’s No. 3 economy so desperately needs
The piece argues: