ForexLive Asia FX news wrap: AUD pop (a little one) on strong jobs report

Author: Eamonn Sheridan | Category: News

Forex and Bitcoin news for Asia trading Thursday 13 September 2018

AUD/JPY has had a decent session, as have many yen crosses, with USD/JPY gaining 20 odd points in Tokyo morning trade. 



Data from Japan today included very strong machinery orders (for July) which should be indicative of capex strength further down the track. But, Capital Economics is not sure on the figures, pointing out a third consecutive drop in core capital goods shipments in July as more reliable indication of capex slowing ahead. That is via a report in the FT (FT is gated)

Data also from Australia today, August jobs report with a well above expected 44K jobs added on the month and solid details elsewhere in the report (see bullets above). AUD/USD was marked up 25-odd points but has not managed to seriously challenge 0.7200. A subdued response to a good report.

Yen and AUD the movers, then, with other currencies more subdued on the session. CHF, EUR, both a bit better (we are talking small  moves though please note).Cable is little net changed, USD/CAD ditto after a bit of Nafta news during the session here, (again see bullets above). 

Still to come:

By continuing to browse our site you agree to our use of cookies, revised Privacy Notice and Terms of Service. More information about cookiesClose