Forex news for Asia trading Tuesday 22 November 2016
Japan earthquake:
Elsewhere:
A big earthquake off the east coast of Japan seconds before 6am (Tokyo time) stirred fears early. The earthquake was rated as a (revised higher) Magnitude 7.4, with tsunami alerts issued. USD/JPY fell away a little after the news hit, eventually to a low under 101.30. In the hours following the earthquake there were tsunami events (highest recorded was 140cms), but as I update many hours later there have been reports of minimal damage. Cooling systems at a reactor were offline for a period of time but were back within an hour or so. Along with pretty much no reports of damage there have been no (I haven’t heard of any) reports of injuries. Its hard to imagine a better result from a Japanese earthquake, what a relief.