ForexLive Asia FX news wrap: USD/JPY inches higher

Author: Eamonn Sheridan | Category: News

Forex news for Asia trading Tuesday 12 February 2019

12 February 2019 Van Rompuy Brexit deadlock

While we await the back half of the week and a more substantial flow of data and news (RBNZ, CPIs from the US and China, trade talks to name just a few) forex rates shuffled around in small ranges here in Asia.

AUD was a mover. We had housing finance data (another big drop) and business confidence and conditions (an improvement after a dreadful previous month for conditions) released during the session. In the immediate wake of the data AUD/USD popped a little, then dropped a little and subsequently gained a few points in the following hours. AUD/USD was helped along by a CNH that added a few points and some background AUD/NZD buying ahead of tomorrow's RBNZ policy announcement ... speaking of the RBNZ, previews are down the bottom of this post.

NZD/USD followed along with the AUD in a similar sort of pattern but in a reduced range.

USD/JPY added further points on the session. It managed above 110.50 in the Tokyo morning, gave a bit back when the BOJ bought fewer JGBs (10-25 year window) than previously but then ticked higher still, above 110.60 at one stage. Its not much off there as I update.

Cable, EUR/USD, USD/CHF are all very little changed on the session. There is an interesting Brexit item above, PM May seeking help from Van Rompuy. May is still seeking solutions as March 29 looms.

USD/CAD is back under 1.33 here in Asia today.

Still to come:

RBNZ Wednesday:

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