Forex news for Asia trading Friday 19 December 2014
- Nikkei: Japan to compile stimulus of around 3.5tln yen
- New Zealand data – migrant arrivals 2nd highest recorded
- UK PM Cameron: Says sanctions on Russia must be maintained
- Nigerian central bank’s FX trading restrictions
- French President Hollande: Might hope for lower EUR, but approaching equilibrium
- What’s Russian for “bail-out?”
- New Zealand ANZ Business confidence for December: 30.4 (prior was 31.5)
- UK data – GfK Consumer Confidence for December: -4 (expected is -1)
- Australian dollar: Nomura on what the RBA needs to see for a rate cut
- China revises 2013 GDP higher by 3.4%
- New Zealand Credit card spending +5.2% y/y (prior was +6.8%)
- BOJ announcement: No policy change
The yen weakened somewhat throughout the session in Asia today, most notably in the minutes following the release of the BOJ announcement. USD/JPY had settled around 119, and it popped to above 119.30 before settling sideways again. EUR/JPY was higher with it.
AUD and NZD were movers on the session, both gaining ground. there was chatter of a macro fund selling AUD/NZD, and with NZD/USD outperforming AUD/USD on the session this could certainly have been the case. The AUD/NZD decline, though, wasn’t large and what selling there was ran into decent size buyers.
I leave NZD/USD basically on its day’s high, and the AUD/USD a few ticks below its.
Asian equities finished the week strongly on the back of the enormous gains seen in the US overnight.
