- Japan expects an increase in debt-service costs by 25% by 2028
- Trump says he has been briefed on 'terrible accident' - helicoper and plane collide
- RBA looks at how changes in monetary policy flow through to the economy, impact inflation
- Reserve Bank of Australia Brad Jones, Assistant Governor (Financial System) speaking soon
- Goldman Sachs still expect June and December Federal Reserve rate cuts
- If you hear of an incident at DCA airport in Washington - there is an aircraft down
- Nissan to cut worker numbers at Tennessee and Mississippi plants
- Bank of Japan Deputy Governor Ryozo Himino is speaking soon
- Yen finding strength, USD/JPY around 154.50
- Goldman Sachs CEO sees narrow range of 2025 Federal Reserve rates amid inflation concerns
- National Australia Bank forecasting a February Reserve Bank of Australia interest rate cut
- Australian export prices rise in Q4 2024
- Trump to rescind rule requiring states to set declining targets 4 greenhouse gas emissions
- New Zealand January business confidence 54.4 (prior 62.3)
- Canadian Foreign Minister Joly says 'cautiously optimistic' about tariff talks with Rubio
- Arrangements for a meeting between Trump and Japan PM Ishiba close to being finalised
- Bank of Canada Governor Macklem says tariff threat weighing on CAD
- Subtle shift in the FOMC statement language indicates why rate cuts have been put on hold
- Goldman Sachs says Federal Reserve is waiting for further inflation progress to cut again
- Reserve Bank of Australia to cut interest rates say ANZ, Commonwealth Bank and Westpac
- Forexlive Americas FX news wrap 29 Jan. The BOC cuts rates by 25 bps. Fed remains steady.
- New Zealand data - December 2024 trade balance surplus (exports up, imports weaker)
- Markets in Asia will be disrupted by holidays again today
- Trump speaking - he is really upset the Federal Reserve didn't cut interest rates
- Microsoft and Tesla shares lower after earnings
- Trade ideas thread - Thursday, 30 January, insightful charts, technical analysis, ideas
JPY was the notable mover on the session. USD/JPY traded from an early session high around 155.20 to lows circa 154.30 before stabilising somewhat (its poking 154.60 as I update).
There was no major fresh news for either the USD or JPY. One item I did note was that plans have firmed up for a meeting between Japan's Prime Minister Shigeru Ishiba and President Trump in Washington on February 7. In the post to let everyone know, I speculated that there might be some currency discussion between the two, a lower dollar and a higher yen would be a win for each of them. I thought perhaps such a discussion would be unlikely, but maybe there was something in it. I can’t find anything else that may have catalysed the move down for the pair today.
One thing I will add is that liquidity was thinner than normal with Hong Kong and Singapore markets out for holidays (mainland China too).
Elsewhere major FX was relatively subdued. As I post the USD is gaining a few tics.
In non-market news, there was a horrendous collision in Washington DC between a military helicopter and a commercial passenger plane. There are multiple fatalities.
