Fallout from earthquake does not come at a good time…
The USDJPY is surging in trading today and trades above the 200 bar MA on the 4 hour chart. The pair was boosted by talk of additional BOJ stimulation. Livesquawk is reporting now that GM will idle for 2-weeks due to supply disruptions. The news brings into focus additional headwinds in an already fragile economy.
GM to idle Japan production for 2-weeks due to disruption from earthquake
