ForexLive Asia FX news: Welcome to (another) Super Thursday!

Forex news for Asia trading Thursday 8 June 2017

A graphic look at what various UK election results mean for GBP
China trade balance for May (USD terms): $ +40.81bn(expected $47.8bn)
China trade balance for May (yuan terms): CNY 281.60bn (expected CNY 324.1bn)
Australia trade surplus result for April - analyst responses coming in
A quick outline of times to expect UK election results
BOJ dep gov Iwata - Easing is not to support government funding
Japan finance minister Aso: Want to raise the sales tax as planned
BOJ's Amamiya: BOJ still halfway to price target, will continue efforts to hit 2%
Still to come (timing uncertain) - China May trade balance
Australia - April Trade Balance: AUD +555 mln (expected +2000mln)
Japan's Suga comments yesterday - on what the next BOJ head must do
PBOC sets USD/CNY central rate at 6.7930 (vs. yesterday at 6.7858)
RBNZ says would not implement a debt-to-income policy in current mkt conditions
Japan official - Govt. view is economy remains in moderate recovery
Alternative UK election scenarios - what they mean for Brexit & gilts
UK election - a round up of the latest poll results
More Japan data - May Bank lending (ex trusts) % m/m (expected 3.0%)
Japan April BoP Current Account Balance: ¥ 1951.9bn (expected ¥ 1698.8bn)
Japan final GDP (Q1): 0.3% q/q (expected 0.6%)
More on Qatar increasing military activity
More on the North Korean missile test launches today
AUDUSD got above 0.7500 and stayed above 0.7500. Bizarre...
Qatar military placed on highest state of alert. Issue warnings on maritime borders
UK data: - RICS house price balance(May): 17% (expected 20%)
UK poll - Survation: Cons 41.3%, Lab 40.4%
North Korea has fired several projectiles (ground to ship missiles)
New Zealand - ANZ Truckometer (May): +4.1% m/m(prior -1.8% m/m)
Australia - CBA on the feedback loop that poses a risk to the Australian economy
UK election - YouGov poll: Cons 42%, Labour 35%
Trade ideas thread - Thursday 8 June 2017
ICYMI: ForexLive Americas FX news wrap: Dollar cheers Comey's opening statement
Economic data due from Asia today (and some UK election polls due also)
US stocks recover early losses. End the day higher despite sharply lower oil.
UK election poll - Kantor has Cons on 43, Labour on 38

Currency ranges were relatively subdued in Asia today, but there was plenty of news and data to be getting on with:

North Korea test fired more missiles,
Qatar moved its military to high alert,
final UK election polls hit the screens,
Japanese Q1 GDP (final) disappointed,
Australia's trade surplus fell hard,
Chines May exports jumped ... and imports to China in May surged, dragging down the trade surplus there.

Whew! See the bullets above for all the details on that lot.

The thing is, none of this had too big an impact on the currencies.

USD/JPY managed to gain a few points, the disappointing 'final' GDP for Q1 data (dropping dramatically from the preliminary estimates just a few short weeks ago) argued for a weaker yen, but the move from around 109.80 and thereabouts to barely tip 110 was about the extent of it.

Yen crosses remained subdued also, with EUR/USD confined to little more than a 12 point range, USD/CHF not much better.

Ahead of the general election today cable remained narrowly range-bound also.

USD/CAD is little changed on the session after a 15-odd point range. NZD/USD has done a little better, adding a few points to pop itself above 0.7200 (as I update its given some back, though). AUD/NZD sellers helped it along, the AUD took a bit of a (small) hit earlier on the release of April trade balance data. Slumping coal exports do seem very much weather-related and are expected to bounce in May. AUD/USD fell to circa 0.7525/30 but has come back to be little net changed on the session.

Regional equities: