Forex and Bitcoin news for Asia trading Friday 2 February 2018
- BOJ's increase in JGB buying adhering to policy of keeping 10-year yields near 0% - report
- AUD traders - Goldman Sachs bump their iron ore price forecast higher
- Japanese authorities want cryptocurrency industry to step up self-regulation
- All the nonfarm payroll previews in one place
- Japan regulator has asked all cryptocurrency exchanges to report on risk
- Australia - RBA meet for the first time in 2018 next week - preview
- US NFP report due Friday 1330 GMT - preview
- US NFP report due Friday - preview
- US nonfarm payroll report due Friday - preview
- USD/JPY below where it was when BOJ offered to buy JGBs in unlimited amounts
- PBOC sets USD/ CNY central rate at 6.2885 (vs. yesterday at 6.3045)
- BOJ increase its purchases of 5 to 10 year JGBs again today
- ANZ on the AUD ... set to turn lower once again - trade recommendation
- Westpac says AUD/USD likely to depreciate from the current level to USD0.72
- Two Australian banks out today with bear notes on the Australian dollar
- Australia - Q4 Producer Price Index +0.6% q/q (prior +0.2%)
- Some China press - yuan less predictable, interest rates likely stable
- In addition to crypto remarks, Japan's Aso also mentioned BOJ monetary policy
- FT on UK secretly considering a customs union deal (for goods trade) with the EU
- Japan fin min says regulator conducting spot inspection of Coincheck today
- Nonfarm payroll data due from the US Friday - preview
- The long (and growing) list of factors weighing on Bitcoin and cryptocurrency
- UBS on the main driver for markets, an inflection point & what to watch in the NFP
- Forexlive Americas FX wrap: Yields in US move higher. Dollar lower. Bitcoin plunges but rebounds into the close.
- Trade ideas thread – Friday 02 February 2018
- New Zealand Building permits for December -9.6% m/m (prior +10.8%)
- 5 things to watch in the January nonfarm payroll report
- Goldman Sachs preview of Friday’s US nonfarm payroll for January
- US stock end a volatile day with mixed results
- Economic calendar due from Asia today - BOJ JGB buying operation again
- New Zealand - ANZ Consumer Confidence for January +4.2% m/m (prior -1.5%)
- The Australian dollar ... "may finally be set for a correction"
- NZD - Heads up for some NZ data due at the top of the hour
BTC bounced from its huge sell off in US time, gaining nearly 10% from its low. As Asia progressed, though, the price bounce dissipated and then came back a little to be mid range as I update.
News of note for it during the session here was further regulation headlines, Japan's Financial Services Agency conducting inspections of cryptocurrency exchanges, asking for risk reports and so forth. More in the bullets above.
Over in FX land, yen was a swinger ... albeit within a small range. The Bank of Japan stamped its presence in the 10 year JGB market with a bid to buy JGBs in unlimited amounts (if needed ... it wasn't) to keep yields below target. Yields on the 10 year had spiked above 0.1% (the horror!) prior to the Bank bid.
USD/JPY popped from under 109.40 to over 109.60 before rapidly giving it all back. From lows circa 109.30 it did manage a recovery back to a fresh session high towards 109.70 and has tracked just under there as I update. Like I said, a small range only.
EUR, CHF, GBP are all little changed indeed on the session with an absence of news, large flows, and data, to impact.
AUD, NZD and CAD have all traded a few points down, perhaps ahead of the US data later today (NFP) in a 'risk off' wary move. Perhaps (two local banks issued bearish notes on the AUD today ... see bullets above).
Still to come ... All the nonfarm payroll previews in one place
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