Forex trading headlines for Asia Friday 3 October 2014
- Australia – AIG Performance of Services index for September: 45.4 (prior was 49.4)
- Federal Reserve Bullard: Jobless rate far better than expected in September and more from Bullard here and here
- Former BOJ dep gov Muto: Current rapid weakening of yen is negative for Japan
- China services PMI in at 54.0 (54.4 prior)
- Australia data – HIA New home sales rose 3.3% m/m in August
- Japan services and Composite PMI – details
- Preview of the upcoming RBA monetary policy meeting
- Japan PM Abe – comments on factors in deciding on sales tax hike
- Australian PM Abbott to send boots on ground in Iraq against ISIS
The movement today was concentrated in the yen, with USD/JPY (and yen crosses) higher throughout the Tokyo morning, running into sellers ahead of & around 108.90 that capped it going to lunch. There was no particular fresh news out (the session headlines are above), just a welcome tick higher in volatility during the Asian session of late continuing.
EUR, GBP, CHF AUD, NZD were all a little weaker against the USD, but as I said the move was mainly in the yen.
Oil continued to gain, ticking higher from early in the session. Gold wiggled it, just a little bit, but is net basically unchanged since where I walked in this morning.
Coming up soon – Bank of Japan (BOJ) Governor Kuroda to attend Japanese Diet, due at 0455GMT.
