Forex news for Asia trading Friday 19 June 2020
- Twitter places a manipulation alert on a tweet (not about FX!)
- Australian dollar rises on encouraging retail sales data
- Australia preliminary retail sales figures, May: +16.3%
- PBOC sets USD/ CNY reference rate for today at 7.0913 (vs. yesterday at 7.0903)
- FX option expiries for Friday June 19 at the 10am NY cut
- New paradigm ahead for the Australian dollar?
- RBA board member Harper said it would be unhelpful if AUD/USD rose back above 0.70
- Australia to raise minimum wage by 1.75%
- Bank of Japan minutes (April) show policy board members heightened uncertainty
- Japan inflation data for May - headline CPI 0.1% y/y (expected 0.2%)
- Australian PM Morrison says organisations being cyber attacked by a state actor
- UK - GfK Consumer Confidence for June, preliminary: -30 (prior -36)
- USD/JPY: Continues To See 110 As A Near-Term Ceiling - Danske
- Trump administration is considering tougher visa restrictions for foreign workers
- Trade ideas thread for Friday 19 June 2020
- Flood of Japanese money rushing to USD assets
- Canada's fin min says economy is doing poorly, not considering a tax hike
- Fed's Kashkari says economic recovery is likely to be 'bumpy', 'muted'
- Updated NZD forecast - economic rebound slightly stronger than expected
- Texas coronavirus cases soar by a record 3,516 to near 100,000
- Pompeo-China talks in Hawaii - US says China's attitude was not forthcoming
- Updated forecast for AUD out to the end of September - faces some pressure
- Bridgewater warns of a lost decade ahead for stocks
- Trump says the US maintains an option of decoupling from China
There only very minor swings across major FX today during the session in Asia. News flow was non impactful.
For data we got a bounce for Australian retail sales in May. The Australian dollar had lost about 15 or so points in the hours ahead of this data point but recovered on the improved sales reading. Other currencies too had a small bounce against the USD.
USD/JPY traded in a circa 15 point also around 107.00.
The lack of activity may be related to the "quadruple witching" ahead on Friday US time:
- occurs on the third Friday of the month of every quarter (ie in March, June, September, and December)
- refers to the simultaneous expiration of single-stock options, single-stock futures, and stock-index options and stock-futures
AUD/JPY
