Forex news for Asia trading Thursday 19 March 2015
- Swiss Franc - Former Goldman Sachs traders want their broker to forgive $25 million losses
- Soc Gen says USD/JPY could break below 119 this week
- Japan economy minister Amari: Can see Japan real wages rising from around Summer
- Here is one investment bank not expecting easing in April!
- Japan Buying Foreign Bonds: Y 551.1bn (and the rest of this data)
- More from Greek deputy PM: Grexit not an option
- Greek deputy PM: Greece has liquidity problem
- New Zealand Q4 GDP : +0.8% q/q (expected +0.8%)
- Japan press - Toyota 'paves the way' for wage rises across Japan
Post-FOMC moves continued in Asia this morning, with EUR/USD gaining around 80 or so points from late NY levels and then promptly giving it all back. This is a good-size move for Asia, but of course was minor compared with the wild swings in the US time.
USD/JPY fell around 50 points before recovering.
GBP and CHF saw similar patterns, as did AUD and NZD.
The most significant news on the session was the NZ GDP, which grew on expectations, a reasonable 0.8% q/q and +3.5% y/y (a point above expected). Tempering the news, though, the growth was at the slowest pace for a year. The New Zealand economy faces more difficult times ahead as dairy prices have fallen.
In China today the yuan jumped to its best since January 16, a 0.5% gain (biggest move in nearly a year).
Regional equity indices were mainly higher ... Japan a stand-out, though, it lost ground on the session (as of writing).
Still to come:
- Bank of Japan Governor Kuroda to appear in parliament today - 0530GMT
- Still two more central banks to come today
