ForexLive Asia FX news: Subdued post-Yellen (& pre-Yellen!) session

Forex news for Asia trading Wednesday 15 February 2017

Still to come from Japan today - Economic policy council meeting briefing
More from Japan finance minister Aso on TPP, FX, Mnuchin
Weekly "Macro FX Idea" - Sell EUR/USD on continuation of the down move
The "Where are they now?" file: Ex RBA Stevens to advise on housing affordability
PBOC to provide funds via MLF today
Huge US session coming up - big data, Yellen, & other Fed speakers
Fed's Kashkari's plan to increase capital requirements on the biggest banks
US Treasury Secretary Mnuchin spoke with UK's Hammond on Valentine's Day
Japan PM Abe says the US understood why Japan needs monetary easing
Australian Business Economists say the economy is weaker than the RBA thinks
NAB scales back its expectations for RBA rate cuts in 2017
PBOC sets USD/CNY central rate at 6.8632 (vs. yesterday at 6.8806)
Australia data - January vehicle sales
USD/JPY & EUR/JPY orders
EUR/USD orderboard
Japan finance minister Aso wants to tell Mnuchin that can't call the yen weak now
Its not always true love - the Valentine's Day (oil) cheaters post!
Japan economic growth - a glass half empty view
Australia - Consumer Confidence Index (Feb): +2.3% m/m to 99.6 (prior +0.1% to 97.4)
ICYMI: China Aggregate financing hit a huge new record in January
Heads up for Australian data due at the bottom of the hour
Heads up for BOJ Governor Kuroda to appear in Diet today
China Securities Journal reports meeting to be held on SOE reforms
PIMCO on Australia - says a monetary to fiscal policy pivot not occurring
AUD and NZD orders
Trade ideas thread - Wednesday 15 February 2017
More from RBA's Heath: Says inflation is continuing to pick up
OIL - private inventory data shows US crude stocks build bigger than expected
US stocks end with new record gains (...again)
Economic calendar in Asia today (not much on it)
ICYMI: RBA's Heath says higher terms of trade mean upside risk to forecasts

ICYMI:

ForexLive Americas FX news wrap: Yellen keeps March in play

Asia FX responded to Yellen's testimony on Tuesday with a bit of a yawn. Follow through movement was limited. Long toothpicks (to prop open eyelids) was a popular trade. News and data flow was light, consumer confidence from Australia (an improvement m/m) and little else. Even US politics was boring.

USD/JPY edged higher early (just over 114.50) but dribbled back to under 114.30 as I update. EUR/JPY is up a little,

EUR/USD edged above 1.0580 but as I write there has been little added from there. USD/CHF is a tad lower on the session. Cable was a little more active, from Tokyo morning lows under 1.2450 it managed a 20 or so point bounce.

AUD/USD added a few points, following on from its US afternoon grind up. An early small slip toward 0.7650 and then a grind up again, finding some resistance on the session just ahead of 0.7680 and its not moved much from there as of writing. NZD/USD followed a similar pattern to the AUD.

Oil dropped on the inventory data in the late NY afternoon and hasn't recovered. Gold is down maybe a couple of dollars, not much in it.

All in all there wasn't a lot in the way of ranges as you can see.

China - the PBOC gave the CNY a boost against the USD today and carried on with OMO injections. They are alos looking to provide funds via MLF (although with 150bn odd rolling off of 6 month maturity funds today it may well be just on a roll over basis. Still awaiting details of amounts provided.

Regional equities a sea of green!

Nikkei +1.09%
Shanghai +0.31%
HK +1.26%
ASX +0.93%

Still to come:

A data- and central banker-heavy day coming up in the US on Wednesday: Huge US session coming up - big data, Yellen, & other Fed speakers
Still to come from Japan today - Economic policy council meeting briefing
Heads up for BOJ Governor Kuroda to appear in Diet today