Forex and Bitcoin news for Asia trading Thursday 15 February 2018
- If you're a lawyer, you'd better start reading up on cryptocurrencies too
- Aussie politics - Deputy PM placed 'on leave'
- In addition to PPI we get industrial production data (& more) from US on Thursday - previews
- Australian jobs report - more responses coming in
- Australian jobs report - responses coming in
- US inflation data, more to come ... this time its PPI, due Thursday
- Bank of Japan Governor Kuroda says will continue with policy
- Japan finance minister Aso says has no comment on the yen level ... see here for his no intervention comments
- USD/JPY flows in Asia so far - bear trap for shorts?
- US yields continue higher in Asia - 10yr UST yield to a 4 year high
- Heads up - the big option expiries for Thursday (and Friday too)
- Australia January jobs report: Employment Change +16.0K (vs. expected 15.0K)
- Australia - consumer inflation expectations for February: 3.6% (prior 3.7%)
- Japan - Core Machine Orders for December -11.9% m/m (expected -2%)
- USD/JPY cracking to fresh lows
- Heads up for data coming up - Japan, Australia
- Heads up for China market holidays, today and many next
- Westpac updates to AUD and NZD views
- More bitcoin news - Australian bank bans buying 'em on credit card
- Forexlive Americas FX news wrap: Dollar tanks as growth projections fall
- Trade ideas thread – Thursday 15 February 2018
- All the Australian jobs report previews in one place
- Australia January employment report due soon – previews
- Australia January employment report due soon – more preview
- Charlie Munger says Bitcoin is noxious poison
- Economic calendar due from Asia today – Aussie jobs report & BOJ wants your JGBs
It does not come much clearer than this folks. Japanese finance minister Aso said today:
- Yen's strength not enough to require intervention
- Yen strength is not abrupt enough now to intervene
USD/JPY had fallen prior to these comments, hitting below 106.50 before a bounce to 106.85-odd. But Aso's remarks in parliament took USD/JPY back down again ,to a fresh session low and easy meat for traders.
Prior to all this we had data from Japan today, machinery orders fell by the most in nearly 4 years. While the data series is a volatile one it is very difficult to make a case the numbers were yen positive, but the market did not care.
Also on the agenda today were monthly jobs numbers from Australia, with strong headline results (a 16th consecutive month of job gains - longest run on record) but some concerns over the split between full and part-time results (full time down, part time up), more details in the bullets above.
AUD/USD dipped a few pints on the announcement of the result (not much at all) but since popped to a new session high, following on from a big surge in US trade (getting benefit for a weak USD pretty much everywhere). NZD/USD edged up a litle thorught the session but is back to little changed as I update.
After a big, big overnight session the Asian markets today took a breather. EUR, GBP, CHF, CAD, gold, all little changed here on the session.
China is on holidays today and through to next Wednesday. Markets reopen there Thursday 22 Feb. happy Lunar New Year!
Still to come
- In addition to PPI we get industrial production data (& more) from US on Thursday - previews
- US inflation data, more to come ... this time its PPI, due Thursday
- Heads up - the big option expiries for Thursday (and Friday too)
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