FXstreet.com (Buenos Aires) - Majors remain quiet in early Asia opening except for Japanese Yen that open higher against major rivals, around the Y96.80 against American dollar with momentum in the pair accelerating leaving a technical gap around Y97.15/20.
G7 meeting in Washington bring no revelations or surprises: the released statement however, had a hope tone not expressed after last Rome meeting. Although the global economic outlook remains weak and downside risk persists, the recent data suggest that the pace of decline has slowed, and some signs of stabilization are emerging, in Bank of Japan Governor Shirakawa's personal opinion. Also, Axel Weber, President of German Bundersbank, affirmed he does not expect Germany or the euro zone economies to grow before mid 2010, in an interview with a local newspaper.
For more information, read our latest forex news.