Forex news for Asia trading Friday 13 November 2015

  • Japan data - Industrial production (September, final) +1.1% m/m (prelim +1.0%
  • World’s biggest aluminum producer cuts demand growth forecast, raises surplus forecast
  • FX liquidity declining, more patchy, undependable, erratic, volatile, spreads wider
  • Comments from Federal Reserve vice chair Fischer - recap
  • Barclays says SNB CHF intervention 'Nuclear Option' is now the base case
  • PBOC weakens CNY again after very poor China credit data
  • People’s Bank of China (PBOC) sets yuan reference rate at 6.3655
  • Japan finance minister Aso: Not considering extra budget
  • ABN: Message from Draghi is loud and clear - new ECB measures in December
  • Preview of the US Retail Sales data for October due Friday
  • BOE's Haldane: Rate rise a long way off based on current data
  • Fed's Fischer: Downward pressure on inflation related to energy will fade
  • If its Friday then that means its CPI day in Japan! No? Ok, this'll have to do then
  • Former PBOC dep gov: China lacks investor confidence
  • Trade ideas thread for Friday 13 November 2015
  • The top 10 trades coming up for 2016. What are yours?

A subdued FX session here in Asia on Friday the 13th, with activity in equities as overnight falls were reflected on local markets

We did get a speech from Vice Chair of the Federal Reserve, Stanley Fischer, which passed without appreciable impact on currencies (see bullets, above).

EUR/USD drifted a little lower from late US session highs, EUR/JPY following a similar drift lower path. Cable, too, was a very similar story, while USD/CHF, was the inverse of that lot.

USD/JPY had a move up from its circa 122.50 low, bouncing 25 points in mid-morning Tokyo time before retracing much of it.

AUD and NZD are more or less flat for the session, AUD up maybe a few tics.

FX not where it was happening today.

Asian equites opened lower for a down day in the wake of the falls overnight. Any signs of recoveries in local indices were not sustained.

Regional equities with Shanghai closed for the lunch break:

  • Shanghai -0.9%
  • Nikkei -0.68%
  • HK -2.07%
  • ASX -1.30%

Still to come:

  • Preview of the US Retail Sales data for October due Friday