- More on the US suspending 26 China carrier flights
- Oil is not a lot changed in Asia trade timezone
- Japan inflation data today ICYMI - Tokyo prices rose at the fastest pace in nearly 8 years
- Heads up for ECB, SNB, BoK speakers over the weekend
- PBOC sets USD/ CNY reference rate for today at 6.8486 (vs. estimate at 6.8551)
- The day before Fed Chair Powell is due the chorus of Fed speakers were universally hawkish
- USD ticking higher in Asia morning trade
- Federal Reserve Jackson Hole Economic Symposium - full agenda
- Japan inflation - Tokyo area headline CPI for August 2.9% y/y (expected 2.5%)
- South Korea's vice fin min says will stabilise FX market if needed (intervention threat)
- Elon Musk tweets a heads up on 'big news' in around an hour
- RBNZ Governor Orr says he thinks there will be at least two more rate hikes
- New Zealand consumer sentiment improves in August to 85.4 (prior 81.9)
- MUFG says the Chinese yuan is going even lower against the US dollar
- The US has suspended 26 Chinese carrier flights in response to China action
- Citi says GBP/USD chart is looking "truly awful' and it can possibly drop below parity
- Trade ideas thread - Friday, 26 August 2022
- NZD traders heads up - RBNZ Governor Orr will be speaking today
- Reduction in the ECB's balance sheet takes a back seat to rate hikes
- Major indices close at session highs ahead of Powell tomorrow
- Forexlive Americas FX news wrap: Risk trades cruise higher ahead of Powell
Markets once again settled in to wait for Federal Reserve Chair Powell to speak on Friday, US time. On Thursday during the US session we had a chorus of Fed speakers, all of them flagging more rate rises soon to come. This sets the tone for hawkish comments from Powell. Its difficult to think he could more hawkish than expected given the comments on Thursday which leaves a less hawkish than expected surprise front and centre? We’ll soon find out!
On the data agenda today were inflation indicators for Japan. Core CPI in the Tokyo area came in at its highest in nearly 8 years. The yen weakened on the session. Not by too much, USD/JPY rose around 35 or so points from its earlier lows.
Ranges for other major FX against the dollar were also limited. The USD is net a touch stronger pretty much across the board during the session so far.
Check out the posts above on the Jackson Hole schedule. Note there are ECB speakers coming up on Saturday. Also the Swiss National Bank Chair Thomas Jordan.
