ForexLive Asia FX news: Drip-feed yen buying weighs on USD/JPY
Forex news for Asia trading Friday 19 May 2017
- Citi on North Korea “risks are ratcheting higher now than in the past”
- New Zealand (April) Credit Card spending: +0.9% m/m (prior +0.8%)& +6.4% y/y (7.1%)
- ANZ - political turmoil easing, oil bid as OPEC continues talk up continuation of cuts
- RBNZ renews currency swap facility with PBOC (why, what for? ... etc.)
- Fitch ratings says Geopolitical tensions rise; China hard landing risk recedes
- Trumps Budget Said To Include Family Leave, 6 Weeks Paid Leave To New Mum & Dads
- PBOC sets USD/CNY central rate at 6.8786 (vs. yesterday at 6.8612)
- BOJ JGB buying operation in same amounts as prior
- Two Chinese fighter jets intercept US Air Force plane over the Yellow Sea
- Asia-Pacific trade talks this weekend. TPP and also US trade to be discussed
- US Navy moves second aircraft carrier near North Korea
- More on Greece approving pension cuts, tax hikes and a happy EU/IMF
- Is the PBOC using stronger yuan fixings to prevent panic from spreading?
- New Zealand data: Net migration in April 5780 (prior 6130)
- Citi on the USD: More room for it to fall
- Central Bank of Chile cuts benchmark rate
- New from ForexLive: Marital advice (AKA basics for traders)
- Tsipras: #Greece has done its part, lenders must fulfil commitments on debt relief
- ICYMI: Forexlive Americas FX news wrap: Dollar rebounds after yesterday's tumble.
- Westpac on the Australian dollar - watch 0.7410
- Trade ideas thread - Friday 19 May 2017
- Greek parliament approves reforms agreed with EU & IMF
- ICYMI - Japanese Q1 GDP data came out Thursday, here's the 10 second summary
- If you see a 70% Japan rate hike headline, relax, its not what you think
- Trump remarks on Comey, Russia crossing
Both new US politics news and data flow were very, very light indeed in Asia today. We did get a little 'geopolitical' news, with reports a second US carrier is being moved in close to North Korea for exercises and also reports on China 'intercepting' a US Air Force plane over the Yellow Sea (this is said to have happened on Wednesday).
USD/JPY slid from early highs circa 111.60 down to around 111.15/20 in a subdued manner. EUR/JPY fell on the session alongside, with EUR/USD not doing too much at all, a minor wiggle or two. USD/CHF, too has shown little movement while GBP/USD has edged up a handful of points or so.
A little AUD/NZD selling has seen AUD/USD pop just a few points while NZD/USD has slid a few points. Movement is very small indeed though.. USD/CAD dipped toward 1.3590 but is around 1.3600 as I update for another pair with little net movement for the session.
Gold is a tiny bit up, but oil has gained - an extension to OPEC production cuts cited again as a reason for the better tone.
A subdued session to round out what has been an active week in Asia.
- Nikkei -0.16%
- Shanghai -0.07%
- HK +0.21%
- ASX -0.30%
- The Fed's Bullard speaks during US time (1315GMT), and before that we get German PPI (0600GMT)