Forex news for Asia trading Friday 7 April 2017
US ships launched 59 missiles against Syria's Shayrat air base, targeting the airstrip, aircraft hangars and fuelling facilities. The strike came in response to the chemical weapon attack earlier this week.
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As it happened (read from the bottom up)
- US Sec. State Tillerson: Moscow was either complicit or incompetent
- Pentagon confirms US informed Russia ahead of missile strike on Syria airfield
- US President Trump address: Assad used deadly nerve agent
- US announce target list for just completed missile strike
- US official: US Military carries out cruise missile strike on airbase in Syria
- Yen, gold higher on news of US missile strikes on Syrian airfield
- US has launched cruise missiles in Syria
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Earlier ... in a 'heads-up'
- Australian PM Turnbull spoke with US after Syria gas: "Cries out for a response"
Market movements: the yen gained, as did gold, oil and US Treasuries. Equites fell:
- Market impact limited after US strike on Syria (so far)
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Other:
- China - More on the PBOC CNY fix & OMO skipping today
- Forex technical analysis: USDJPY moves toward the March low
- So, what else? German fin min Schäuble says expects IMF participation on Greece
- PBOC sets USD/CNY reference rate for today at 6.8949 (vs. yesterday at 6.8930)
- USD/JPY & EUR/JPY orders
- EUR/USD orderboard
- Russia Dep. UN envoy on possible US strikes in Syria: 'Negative consequences'
- Um ... while you were eating ... China fighter plane spotted on South China Sea island
- AUD and NZD orderboards
- Japan/US mini-me summit - Fin Min Aso says discussion on trade, FX, energy, infrastructure
- Japan wages data February: Labor Cash Earnings +0.4% y/y (0.5% expected)
- NFP - The WSJ on 5 Things to Watch in the March Jobs Report
- Australia - (March) Construction PMI: 51.2 (prior 53.1)
- ICYMI: Dovish Draghi drops da euro
- NFP is not the only big data point out today (OK ... just China foreign reserves too)
- ANZ issue a sell USD/JPY trade recommendation
- Trade ideas thread - NFP Day - Friday 7 April 2017
- Australian floods - economic impact
- Goldman Sachs preview of the Nonfarm payroll report
- Economic data due from Asia today
ICYMI: Forexlive Americas forex news wrap: One day closer to US employment
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The yen, gold, oil and UST moves are covered in the links at the top of the post.
Leading up to the missile strike news flow, data and market movement was fairly subdued. Japanese wages data for February and the Australian 'construction' PMI saw very little in the way of impact.
The BOJ bought JGBs again today, the amounts bought were the same as in the previous operation,. In past days there has been some movement in response to the BOJ buying less in the 1 to 3 year window but today purchase amounts were stable, as was any market response.
In other currency moves since the attack news hit,
- EUR/USD managed a very small gain but gave it all back (comments were reported from German Minister of Finance Wolfgang Schäuble. Bloomberg had the news from a media interview he had given, but it was lost in the military strike headlines really).
- USD/CHF popped very briefly above 1.0055 but soon slipped down to circa 1.0030.
- Cable is little changed on the session.
- AUD/USD lost ground as the missile news hit, but the move out of 'risk' (at least as far as AUD goes) was small, AUD/USD from around 0.7540 to lows under 0.7520 only.
- NZD slid a few points only.
Regional equities slid on the move out of 'risk' ... but :
- Nikkei fell from earlier highs but as of updating is still green for the day +0.22%
- Shanghai +0.25%
- HK -0.59%
- ASX -0.13%
Still to come ... Don't forget, it is nonfarm payroll day in the US:
- What is expected with the employment report(s) tomorrow?
- Goldman Sachs preview of the Nonfarm payroll report
- NFP - The WSJ on 5 Things to Watch in the March Jobs Report
More:
