Japan-South Korea coordinated currency intervention may need U.S. support
The U.S. last week acknowledged Japan and South Korea's "serious concerns" over the recent sharp depreciation in their currencies.
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The U.S. last week acknowledged Japan and South Korea's "serious concerns" over the recent sharp depreciation in their currencies.
Investors saw a flight to safety as gold hit an all-time high and the Japanese yen also strengthened. Oil jumped more than 3%, with Brent futures crossing $90.
Investors assessed economic data from Singapore and South Korea while awaiting China trade numbers.
Asian markets will be watching China's consumer inflation numbers for March, which slowed to a 0.1% gain year on year
Japan expects to see corporate inflation increase at a faster pace of 0.8% in March, while the RBNZ is expected to hold its rates at 5.5%.