Forex news from the European session 15 September
News:
BOJ's Kuroda says Japan's virtuous economic cycle is working
More from Kuroda: It's true that fx rate affects inflation
Kuroda declines to comment on US Fed decision
Japan's Suga says BOJ downgrade of economic view is not a major change
EU's Moscovici says Greece shows that governance of euro "not sustainable"
Riksbank's Jansson says intervention "definitely" a possibility
ECB's Visco says QE programme is positive for credit
ECB's Nowotny says ELA is a central bank's job
EU's Dombrovskis says "Grexit would have been failure"
ECB sees limited financial stability risk from house prices
Italy's Cannata says ECB is not jeopardizing secondary market liquidity
Hong Kong Monetary Authority intervenes on HKD again
North Korea says it's ready to cope with US hostility "with nuclear weapons any time"
Bloomberg survey sees most bank economists expecting first BOE rate hike in Q1 2016
Option expiries 10am NY cut today 15 Sept
August 2015 UK CPI 0.0% vs 0.0% exp y/y
September 2015 German ZEW economic sentiment 67.5 vs 64.0 exp
UK PPI input August mm SA -2.4% vs -2.4% exp
July 2015 Eurozone trade balance 31.4bn vs 28.0bn exp
Q2 2015 Eurozone employment 0.3% vs 0.1% prior q/q
France CPI August mm +0.3% as expected
Nikkei 225 closes up +0.34% at 18026.48
Another mixed bag of a session in the wake of the BOJ decision to keep rates on hold that also saw softer UK inflation and mixed German ZEW data
USDJPY started on the back foot as the Nikkei pared gains into the close and from clinging to 119.90 we were triggering stops through 119.85 and then Kuroda showed no hint of further easing in his presser which set the price falling again to 119.55
Yen pairs fell across the board and that helped push EURUSD down to 1.1285 from 1.1330 and cable to test support at 1.5400 from 1.5430
AUDUSD found sellers above 0.7150 as AUDJPY fell from 0.8560 to 84.95 and the pattern was similar across other pairs
Demand around 119.50 and EURPY at 135.00 has provided enough support to encourage a rally but sellers still lurk.
UK CPI came out on the softer side as expected but a relief rally ensued for cable to post 1.5458 before one again running into sellers, and EURGBP dipped to 0.7312. EURUSD had already found demand from the EURJPY support when a better ZEW headline helped it to rally to 1.1318 but tempered by softer expectations
USDCAD has been treading water again as has USDCHF/EURCHF but with the latter two both finding demand in the dips. Ditto NZDUSD into 0.6300
US retail sales data at 12.30 GMT is keenly anticipated to shake things up a little given the FOMC lurking. Adam has a preview here
