Author: Mike Paterson
12

So says the Jiji news agency 27 July 2016

  • JPY 13 trln will be on fiscal measures

These comments attributed to Abe himself now.

USDJPY back up to 105.64 from 105.13. Keep up at the back!

Kyodo saying part of stimulus to be funded by 2nd extra budget.

USDJPY still around 105.60

  • cabinet due to approve on 2 Aug
  • only JPY 2 trln earmarked for this calendar year

USDJPY 105.50 Nikkei 16689.86 down a tad but +1.94 on the day.

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Author: Mike Paterson
19

Abe to announce stimulus package next week

So says the Kyodo news agency 27 July 2016 USDJPY tumbles again to 105.12 As David Bowie famously screamed on the Diamond Dogs album  ,this ain't rock n roll this is genocide.

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Author: Mike Paterson
5

MOF official says Japan not considering 50 year bond

Ministry of Finance official out on the wires 27 July 2016 - issuing 50 year bond would destroy 40 year bond market The headline on Bloomberg further to  from someone who asked not to be named due to ministry policy.

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Author: Mike Paterson
7

Data coming up in this session 27 July

Your economic data/event calendar for today 27 July 2016 Not a busy calendar but UK GDP  and US Durable Goods should provide a spark and of course we have the FOMC decision at 18.00 GMT

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Author: Eamonn Sheridan

ForexLive Asia FX news wrap: Yen yo-yo

Forex news for Asia trading Wednesday 27 2016 It was Australian Q2 inflation data day, but it got upstaged  by Japan stimulus rumours and yen moves. OK, lets take it from the beginning of the session.

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Author: Eamonn Sheridan
18

Japan MoF says not considering issuing 50 year bonds

So, that confirms it then? ;-) Reuters headline reporting the Japanese Ministry of Finance says its not considering issuing 50 year bonds USD/JPY is completely nuts:

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Author: Eamonn Sheridan

Citi revise its RBA rate cut call, from August to November now

Citi responding to the CPI data earlier today Added: I've changed the title of the post, should be November not December. - Citi cite today's underlying inflation rate as being in line with RBA May forecasts. Citi says thus today's data is not a downside surprise for the RBA and will not prompt an August cut

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Author: Eamonn Sheridan
4

Japan PM Abe to speak today at 0400GMT

Speaking in Fukuoka No word if the speech will include details on the stimulus package though (h/t LiveSquawk for the news ... ) ps. free trial if you want one

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Author: Eamonn Sheridan
17

Today's Japan stimulus 'news': FNN says size to be 27tln yen

Also - Abe to announce details of stimulus package today (Bloomberg headlines) Also, via Reuters: - Japan considering issuing 50 year bonds as part of stimulus package (Reuters quoting WSJ) USD/JPY pops on the news:

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Author: Eamonn Sheridan

UBS' Gao China may cut RRR 1-2 times before end of 2016

 Gao Ting, chief China strategist at UBS: - China may cut RRR 1-2 times before end of 2016 - Sees limited room for yuan depreciation - Sees slower China real estate investment in Q4 via Bloomberg headlines

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Author: Eamonn Sheridan
1

Australia Q2 inflation data - responses

What do today's data mean for the Reserve Bank of Australia? Analysts respond: JPMorgan - Inflation is low enough to see the RBA provide further support to the economy BNP:

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Author: Eamonn Sheridan
7

Australia inflation data - impact on the Reserve Bank of Australia

The data is here In a nutshell, the q/q core inflation was higher than expected, but the y/y is still very low. More: - The RBA meet next on August 2 - Market pricing for a cut was around 70% prior to the inflation data Details of the data today show inflation is still very weak.

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Author: Eamonn Sheridan

China June Industrial profits 5.1% y/y (prior 3.7%)

Aussie CPI data out simultaneously Reuters take on the data: - Quickening from May and suggesting a government spending spree is helping steady the economy - Profits in the mining sector fell 83.6 percent in the first half from a year earlier, the National Bureau of Statistics (NBS) said -

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Author: Eamonn Sheridan
14

Australia Q2 CPI, headline 0.4% q/q (expected 0.4%)

Trimmed mean 0.5% q/q (0.4% expected) ... UP GOES THE AUD ON THIS HIGHER NUMBER (The trimmed mean is the measure the RBA pays most heed to, it is the 'core' inflation figure where the RBA target band is 2 - 3%)

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Author: Eamonn Sheridan
6

Stupid ad watch

Look what has popped up on my screen! OMG! Here is the crash so far this year: LOL Still, 5 months to go! And, maybe the will kick the crash off! CPI today Or maybe the doomtards will be wrong.

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Author: Eamonn Sheridan

FOMC preview - BoA ML expect no signals from the committee

BoA Merrill Lynch expect the Federal Reserve to stay 'data dependent' and give no signal on timing - Meeting is "unlikely to result in any policy changes" The bank expect the next hike to come in December

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Author: Eamonn Sheridan

More on PBOC academic wanting yuan to stop falling

A piece in the Shanghai Securities News, via MNI. A commentary piece from Wang Yong, professor at the PBOC's Zhengzhou training school: - China should manage cross-border capital flows to better stabilize market expectations of the yuan

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Author: Eamonn Sheridan
8

AUD and NZD both edging higher

Not a lot in either, but both ticking a little better. The big wait is on, Aussie Q2 CPI due at 0130GMT. I've posted a good few previews already: -   If that's all a bit TL;DR, here is the short version:

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