Forex news for Asia trading Friday 25 November 2016

The yen weakened again today here in Asia, with USD/JPY pushing higher through its overnight high and above 113.80 at one stage. Japanese inflation data came in, on balance, slightly higher than was expected and slightly ahead of the previous month, but it is still very low and today's data is unlikely to take any pressure off the Bank of Japan to maintain accommodative policy. (Oh, and stay tuned for more inflation data from Japan, the Bank of Japan's own measure will be announced at 0500GMT.)

As the session progressed, though, USD/JPY gave back much of its gain.

Gold, too, was heavy, it dropped under USD1180 and has since had only a small retracement.

EUR/USD gained a few points, as did AUD and the NZD against the USD. CHF, ditto.

Cable has been a bit of a laggard, though with such small ranges I am not drawing any firm conclusions as to its relative strength (or lack of).

USD/CNY was again set higher at the People's Bank of China central rate fixing.

Regional equities:

  • Nikkei +0.11%
  • Shanghai -0.13%
  • HK +0.36%
  • ASX +0.40%