Forex news for Asia trading Friday 15 December 2017
- More on the BOJ Tankan - big manufacturers' sentiment to an 11-year
- The data of focus for Friday coming up from the US later
- OK, here we go, more on "BOJ Tweaks Message as Dissenter Calls for More Easing"
- BOJ headline - "said to tweak message as dissenter calls for more easing"
- HSBC on the PBOC rate hikes and where to for the yuan in 2018
- Japan chief cabinet secretary Suga - to implement further sanctions on North Korea
- PBOC sets USD/CNY reference rate for today at 6.6113 (vs. yesterday at 6.6033)
- South Korea new bitcoin measures to be imposed from January 1, 2018
- Heads up for Sth Korean bitcoin tax proposals today (other govmts to follow suit?)
- Goldman Sachs require a 100% margin on some bitcoin futures trades
- BOJ Q4 Tankan survey out now - positive outlook still
- UK Times reports PM May is expected to back down on Brexit date plan
- Here is the full transcript of Draghi's ECB press conference
- Lithuania's president - Leaders agree to move to next Brexit phase
- Russian media; Putin, Trump phone call today - discussed North Korea
- North Korea looking for ways to get its hands on more Bitcoin
- So which is the bigger focus: Bitcoin or Choco Pie?
- CBA on the AUD/USD - target 0.78 by end 2017
- Forexlive Americas FX news wrap: ECB raises growth forecast but not tightening soon
- BOJ Tankan report for Q4 due today - preview
- Friday 15 December 2017 trade ideas thread
- BOJ Tankan report for Q4 due today (survey of business)
- NZ manufacturing PMI for Nov. comes in at 57.7 (prior 57.2)
- The TGIF economic calendar due from Asia today (some BOJ)
- US stocks end the session with losses. No records today.
- BoC's Poloz says wants the economy to run hotter for a while
The fall in the EUR/USD was retraced just a little during the session here in Asia today. The initial move early was down to a fresh low (this was in the early Tokyo morning) to circa 1.1765 followed by a slow grind to around 1.1790 before a sideways shuffle in a tiny range as i update.
There was little in the way of fresh news for the EUR here today.
USD/JPY traded from highs around 112.40-odd towards 112.10. The BOJ Q4 Tankan showed decent results (an 11 year high in large manufacturers sentiment for example) ... more in the posts above.
The results have to raise the issue of why the BOJ continues to be so pedal to the metal on easing, but the answer (so far) is they are way off their inflation target os they keep on keeping on. As I said earlier, something's gotta give. Dunno what that might be though.
After the fall for the USD/JPY it had a sharp spike, here's the pic:
And the story:
- BOJ headline - "said to tweak message as dissenter calls for more easing"
- OK, here we go, more on "BOJ Tweaks Message as Dissenter Calls for More Easing"
Other currencies - it was a slowish sort of day but NZD/USD has managed to perfom OK, up 30+ points from its earlier low. The NZ fin min was reported as saying he was happy with the level of the NZD. Those looking for further falls will be disappointed the rhetoric from the new government is not more bearish.
