Forex and Bitcoin news for Asia trading Friday 14 September 2018
- Hurricane Florence downgraded to category 1 storm
- More from Japanese PM Abe - will proceed with sales tax hike next year
- China stats bureau spokesman drops strong hints on more stimulus to come
- Japan PM Abe - never mind inflation, how about them jobs!
- China August activity data - retail sales, industrial production, investment
- Japan PM Abe speaking - comments on jobs market
- PBOC sets USD/ CNY reference rate for today at 6.8362 (vs. yesterday at 6.8488)
- Japan economy minister Motegi says a date yet to be set for trade talks with US
- Japan's Cabinet office - upgrades view on capex ahead
- ANZ on euro economy and ECB - ' a solid backdrop for the euro'
- At least 39 suspected gas explosions and fires in cluster of towns north of Boston
- New Zealand Manufacturing PMI for August: 52.0 (prior 51.2)
- Did you see the response to the chap posting his daily schedule? 2.30am wake up time
- Former Trump campaign chair Manafort has tentatively agreed to a plea deal with Mueller
- Michael Novogratz Calls a Bottom in the Crypto Market
- Trade ideas thread - Friday 14 September 2018
A day of lacklustre ranges in for forex in the Asian morning here, but there were significant comments from the Japanese PM Abe to be aware of.
In the post here:
Abe indicating that the BOJ can back off a little on the monetary stimulation despite inflation missing target. We've seen intimations on this in past months and they are is building. Don't expect any announcements etc in the near term, for example the BOJ meeting next week is not going to come up with anything big (or at all probably) but do be aware of these shifting views of Japanese authorities.
USD/JPY had tested above 112, without running away above, but on Abe's comments it gave back a little ground to under 111.90 for a small range on the session.
It was small ranges across the board really. NZD/USD has notable gained 25-odd points ... which isn't much but its about the most decent move. USD/CAD is off 15 or so points from its early high here. AUD/USD is barely net changed, as is euro. Cable, up a few tics.
We got a data dump from China today, with mixed results but putting 'em all together the implication is for more stimulus to come from China, especially in the face of trade tensions not being a positive for exports.
Still to come:
