ForexLive Asia FX news wrap: Significant comments from Japan PM Abe

Author: Eamonn Sheridan | Category: News

Forex and Bitcoin news for Asia trading 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:

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