ForexLive Asia FX news: Subdued session

Author: Eamonn Sheridan | Category: News

Forex news for Asia trading Friday 17 February 2017

ICYMI:

Subdued ranges prevailed again today in Asia, GBP a winner.

USD/JPY edged higher through much of the Tokyo morning, towards 113.50 before stabilising somewhat and dropping back under 113.30 as I update.

EUR and CHF are little changed on the session (against the USD), some early weakness (only a few points) pretty much reversed.

AUD popped back above 0.77 again, but only to around 0.7709 before coming back to the figure. Meanwhile NZD/USD moved to 0.7220 but has weakened since back towards 0.7200 (but not through). NZD had dropped earlier on some old news from a December 2016 RBNZ briefing note:

GBP/USD has gained, from circa 1.2480 its been as high as around 0.15210 and is just off there as I update.

Gold has done very little, oil also.

There was very little data today (two items from NZ, SG GDP final and some PBOC data (FX sales for January). News flow, too, very little indeed.

Regional equities:

  • Nikkei -0.66%  
  • Shanghai -0.46%
  • HK -0.40%
  • ASX -0.21%

Still to come:

  • Bank of Japan's Amamiya to appear before parliament from 4.40pm Tokyo time (0740GMT). Masayoshi Amamiya is in charge of the Monetary Affairs Department, Financial Markets Department, and Institute for Monetary and Economic Studies. He is a very big wheel at the bank, he acts for the Governor when the Governor and the first and second officers are prevented from attending to their duties, and performs the Governor's duties during a vacancy in the office of the Governor and the first and second officers.
  • US holiday coming up Monday, markets closed

More:

Politics just won't go away ....

  • Robert Harward, a retired U.S. Navy vice admiral, turned down the offer to become national security adviser, officials said. The FT broke the story, but its gated. More at Bloomberg here.