Forex and Bitcoin news for Asia trading Friday 23 February 2018
- All the Canada January inflation data previews in the one place (& USD/CAD levels)
- Asia - regional stocks doing OK ... but AUD and NZD both slipping
- Going into today's Canada inflation report - support & resistance for USD/CAD
- More previews of Canada CPI data due Friday
- Fitch affirms its ratings of Australia's big 4 banks
- On EUR/USD ... short-term technicals
- Preview of Canada CPI data due Friday
- And ... another heads up - 'final' January EUR inflation data due today
- Heads up for Fed chair Powell coming up later (well, sort of)
- Japan finance minister Aso says its important the BOJ maintains current policy
- US def sec says supports action on steel, aluminium trade
- China authorities to take control of Anbang Insurance Group for 1 year
- Nasdaq wants to delist cryptocurrency renamer "designed to mislead investors"
- PBOC sets USD/ CNY reference rate for today at 6.3482 (vs. yesterday at 6.3530)
- China - Party meeting within days to select China’s next government (& PBOC head)
- FX option expiries for Friday 23 February 2018 10am NY cut
- US Treas Sec says Trump policies will raise wages without inflation
- A bunch of economists just said USD/JPY around 110-114 is best for Japan economy
- Japan finance minister Aso is speaking again on crypto exchange inspections
- "The rise of Bitcoin factories: Mining for the masses"
- More from ECB's Smets: strong euro is a "point of attention" for ECB
- Japan (Jan.) headline inflation 1.4% y/y (exp. 1.3%) & core-core 0.4% y/y (exp 0.3%)
- ECB's Smets: Euro strength and volatility are not yet a concern
- Goldman Sachs sees US 10 year yield much higher from here
- Japan inflation data due today – all the previews in one place
- Australia stock market: "'Fleeced': the Australian 'sucker' investors losing big"
- Japan inflation data due today – preview (& assessment of Abenomics on CPI)
- Fed's Kaplan (again): View of 3 2018 rate hikes as appropriate could change if ...
- Forexlive Americas FX news wrap: US dollar moves lower led by fall in USDJPY
- Trade ideas thread - TGIF 23 February 2018
- New Zealand - retail sales for Q4 +1.7% q/q (expected +1.4%)
- Even MOAR Kaplan: Watching for fin mkt volatility spillover into tightening conditions
- US stocks end mixed. Nasdaq down. S&P little changed. Dow does the best.
Not a huge day of movement in the forex, but some minor wiggles.
Today brought Japanese CPI data for January. The Japanese government is getting this data published a week prior to what it used to, kudos to them. The 'Tokyo' inflation data will come out next Friday. As for the data, the 'core-core' reading was a beat, in at +0.4% y/y (expected +0.3%) but still way below target and still plenty of work for the Bank of Japan to do.
The yen response was very limited indeed. USD/JPY is a few points higher on the session while EUR/JPY is barely changed.
EUR/USD has come down a few points. There was little in the way of news nor data for it, though we did get comments from ECB's Smets (see bullets above). Along with lower EUR the AUD/USD and NZD/USD are also down on the session. NZD is the biggest loser (against the USD as well as on crosses). We got some positive retails sales data for it early in the session, but the currency is down despite the news, cross sellers notably weighed. As I update it is on its session low, as is AUD/USD.
These two weaker 'risk' currencies stand in contrast to better signals from regional equities; Japan, China, HK, Singapore, Australia all up on the day.
News from China today ... Anbang group has been bailed out, government authorities stepping in to run the show (see bullets above).
Still to come
- And ... another heads up - 'final' January EUR inflation data due today
- FX option expiries for Friday 23 February 2018 10am NY cut
- Heads up for Fed chair Powell coming up later (well, sort of)
- All the Canada January inflation data previews in the one place (& USD/CAD levels)
Have a great weekend all!
