Forex news for Asia trading Tuesday 13 June 2017
- Japan's finance minister Aso says he can see the USD higher in the Fed hikes rates
- More on the slowdown in BOJ's bond buying (as a result of stable yields)
- Politics ... this time its China, Taiwan, and ... Panama
- Australia - more on the NAB business survey - capacity utilisation rising
- CBA on the Australian dollar - what to watch his week
- Australia - (May) NAB Business conditions 12 (prior 14) & confidence 7 (prior was 13)
- PBOC sets USD/CNY central rate at 6.7954 (vs. yesterday at 6.7948)
- BOJ's Amamiya: Slowdown in BOJ JGB purchases a result of guiding rates appropriately
- China banking regulator does not see banking crisis in the country
- Qatar said to ask UN to resolve Gulf airspace row
- AUD and NZD ticking a little higher
- Japan - Q2 Business Sentiment Index: Large All Industry: -2.0 (prior was +1.3)
- Good morning Asia - ICYMI, the Bank of Canada flipped the switch overnight
- Data due from Australia - NAB business confidence and conditions - preview
- US AG Sessions - Administration disagrees with ruling disallowing Trump's travel ban
- US Treasury report suggests fewer restrictions on bank hedging and market-making
- Japan press - Mitsubishi to sell its interests in Australian coal mines
- UK press - Senior cabinet ministers, Labour MPs secret talks to secure soft Brexit
- Meanwhile in 21st century UK ... its all about the goats, innit?
- Trade ideas thread - Tuesday 13 June 2017
- More from Mnuchin - Can't imagine debt ceiling won't be raised
- Economic data due from Asia today
- Stocks end down, but well off lows...
- US Treasury Secretary Mnuchin: Sees 3% eco growth once program is in place
- ICYMI: ForexLive Americas FX news wrap: BOC drops a bombshell
USD/JPY edged a few points higher during the Tokyo morning. There was some data for it which was slightly weak (see bullets above), and comments from the BOJ dismissing (again) thoughts of 'stealth tapering', but yen weakness also seemed fix-related - once that passed it was pretty much sideways. USD/JPY is sitting just around 110 as I update after a nevertheless small range only.
EUR and CHF both seeped a little lower against the USD too, and both only with small ranges also and nothing in the way of news crossing wires to drive moves. Cable is little changed on the session, it had popped toward 1.2680 but gave the few points back.
AUD and NZD were outperformers, AUD/USD above 0.7560, helped by still-strong business conditions data (and shrugging off a plunge in business confidence from the same survey ... a plunge but nevertheless confidence is still above its longer-term average). Also seemingly of assistance to the AUD and NZD was the CAD strength overnight, comments from the Bank of Canada's Wilkins kicking the CAD higher (see the ICYMI link to the US wrap for Wilkins' comments). CAD found a touch more strength during the Asian session, down below 1.33, but nothing like the big move it had earlier.
Gold fell early but has recovered to be little changed.
Regional equities:
- Nikkei -0.03%
- Shanghai +0.36%
- HK +0.38%
- ASX +1%
