Forex news for Asia trading Friday 5 December 2014
- Wall Street Journal – Federal Reserve simulations call for rate hikes soon
- Australia – AIG Performance of Construction index for November: 45.4 (prior was 53.4)
- Nomura says USD/JPY to 125 by year end 2015
- Japan MOF senior official: Yen depreciation a side effect of monetary policy
- PBOC flagging a reserve ratio cut?
Australia – Latest Bloomberg survey shows 6 of 23 economists expect RBA rate cut by June
It wasn’t your typical pre-NFP session in Asia today, and while movement wasn’t overly large at least we had some!
Cable was notably weak, off nearly 50 points from session highs. No specific news to account for the move, but GBP very weak compared to some of the other currencies.
USD/JPY ground its way back above 120.
AUD and Kiwi both lost ground, though neither were huge movers.
Asian stockmarkets … well my screen was like watching a set of traffic lights change from green to red to green to red to … well – you get the idea. Chinese stocks were notably volatile.
