Forex news for Asia trading Friday 2 June 2017
- ANZ on Australia - negative expectation for GDP looks increasingly possible
- Is this the real reason Trump pulled the US out of the Paris Accord?
- Have you entered the ForexLive NFP competition yet? (ps. previews available to 'help')
- Chinese yak-nappers steal 2 yaks - stick 'em in the back of a van!
- More on the BOJ buying JGBs (more than in previous operation)
- PBOC sets USD/CNY central rate at 6.8070 (vs. yesterday at 6.8090)
- Australia data - HIA New Home Sales for April +0.8pct m/m (prior -1.1%)
- BOJ buying JGBs today - buys more than in previous operation
- BOJ JGB holdings grew at their slowest y/y pace since April 2015
- China press: Huge setback for global efforts against climate change as US quits
- USD/JPY on the move - pops 111.50 (Nikkei too, its above 20K)
- Goldman Sachs NFP preview (spoiler +170K, 4.4%, 0.2% m/m & 2.5% y/y)
- Australia Q1 GDP - National Australia Bank looking for a contraction
- HSBC's NFP preview (spoiler +155K, 4.4%, 0.1% m/m & 2.5% y/y)
- Uh-oh. New French President trolls the Donald
- Société Générale NFP preview (spoiler +160K, 4.4%, 0.2% m/m & 2.6% y/y, 34.4 hrs)
- Barclays NFP preview (spoiler +175K, 4.4%, 0.3% m/m & 2.7% y/y, 34.4hrs)
- Will there be a "Guess the NFP" thread? Here it is!
- US economy after Paris climate withdrawal - watch for trade sanctions on US emitters
- UK election poll aggregator has some better news for the Tories
- ICYMI: Forexlive Americas FX news wrap: ADP employment beats. Major stock indices at records. USD strongest.
- (Overnight oil headline) - Russia’s eco min says can live forever at $40 Oil
- Trade ideas thread - Friday 2 June 2017 (long sunscreen?)
- US Treas Sec Mnuchin: working with congress to raise debt limit "before there's an issue"
- German SPD ministers: In rejecting Paris climate deal the US blocks economic growth
- A quiet day on economic calendar in Asia today - here's what's coming up
The pre-NFP session in Asia brought few moves of note, yen weakness providing some activity. Japanese stock market index the Nikkei 225 popped above 20K for the first time since December 2015 in early trade and has since added to its gains.
The Bank of Japan was in the JGB market today buying, in the under 1 year maturity window they bought a larger amount than in the prior operation. The Bank had flagged that it would bump up its buying of government bonds in this maturity window during June, and they have been quick off the mark to do so.
USD/JPY jumped above 111.60 in morning trade and has since sat around that level.
There was little movement in other currencies, which translates to higher yen crosses with the stronger USD/JPY.
EUR, CHF, GBP, all little net changed against the USD. Cable traced out 20-odd points from top to bottom for the session.
AUD and NZD were little more active, AUD/USD ticking a tad higher for the day, as has NZD/USD. But overall not too much in these at all.
Gold lost ground, down around 5USD, while oil is little changed for the session.
The People's Bank of China left USD/CNY little changed at its mid-rate setting, the CNH (offshore yuan) has lost some ground against the USD:
Regional equities:
- Nikkei +1.8%
- Shanghai -0.26%
- HK +0.37%
- ASX +0.97%
India ... the BSE (Bombay Stock Exchange Index) hit an all-time high today
