Article by Investazor.com
Another week passed by and a new chapter was written in the hate story between Russia and Ukraine. Of course, all the tensions favored safe haven assets and the Japanese yen appreciated in front of the US dollar pushing it towards 101.33. Throughout the week, the West has warned Russia that it could face economic sanctions if it continues the standoff in Crimea. They did not come to any understanding and in this weekend Crimeans are voting whether to secede from Ukraine.
The macroeconomic data for Japan was rather mixed. The GDP came in line with expectations; consumer confidence still suffers and right now hit a low of 38.3. On the other hand, Core Machinery Orders were almost double than the forecasted value and BSI Manufacturing Index was above expectations as well.
Economic Calendar
Trade Balance (7:50 GTM)-Tuesday. This indicator has a medium impact and it measures the difference in value between imported and exported goods during the reported month. Last month the trade balance was -1.82T and for this month it is expected -0.89T.
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