- Greece pushes back bank recapitalisation plan announcement - Govt sources
- Australian PM Gillard: Australia committed to budget surplus
- German economic institutes forecast German 2012 GDP +0.9%, 2013 GDP +2.0%
- EU Commission: Vital for Italy to maintain sound public finances beyond 2013
- Spain auction results
- French auction results. Some more French auction results
- BOJ’s Dep Gov Yamaguchi: Europe’s economy, commodities prices, Japan electricity situation pose uncertainties for Japanese economy
- This is the number you need to be watching in Spain – Business Insider
Japanese yen has seen some general weakness this morning, USD/JPY up at 81.65 from early 81.40, EUR/JPY up at 107.10 from around 106.75 and GBP/JPY at 131.00 from around 130.45.
Recent comments from BOJ officials Shirakawa (overnight) and Yamaguchi (in early Europe) suggest further BOJ monetary easing isn’t far down the road.
US treasury yields are also firmer this morning (really in longer end), which will be helping support USD/JPY. 30 year yielding 3.1443 from 3.1257 first thing.
EUR/USD unchanged at 1.3115. Rallied as high as 1.3164 in wake of Spanish auction, but once again no followthrough.
Cable little changed at 1.6035. Rallied hard early, continuing move started yesterday, before running into sovereign sell interest circa 1.6070 (as reported here on ForexLive) and that was that.
AUD/USD effectively unchanged at 1.0365.
