Forex and Bitcoin news for Asia trading Monday 26 February 2018
- Unions at Japan's mega banks won't ask for pay increase - report
- Higher inflation could trigger recession, Deutsche Bank warns
- Goldman Sachs says that equities could tumble by 25% if 10-year yields touch 4.5%
- And ... coming up from the ECB on Monday - 3 speakers
- USD weakness spreading in Asia
- Coming up from the Federal Reserve on Monday - two speakers
- More (of the same) from BOJ Governor Kuroda - to continue current policy
- BOJ's Kuroda - BOJ will persistently continue powerful monetary easing
- Heads up for large FX option expiries in coming days (EUR/USD, AUD/USD)
- People’s Bank of China sets yuan reference rate at 6.3378 (vs. Friday at 6.3482)
- Yen update ... a return ticket from 107.30
- Add this to the calendar for today - BOJ Gov. Kuroda speaking
- ANZ on CFTC FX - leveraged and real money forex positioning
- FX option expiries for Monday 26 February 2018 - 10am NY cut
- “Depreciations work” says BoE. “Depreciations don’t work" says BoE. Yes, really.
- AUD/USD - views, levels, week ahead ...
- Here is a yen quiz (just one question, and its multiple choice!)
- Brexit - GBP risk mkt loses patience, depreciation spiral. Likelihood low, but not zero
- Bearish AUD? Bank says "expect the market to lean into it between 0.7840-60"
- Trade ideas thread - Monday 26 February 2018
- Barclay's trade for the week is short EUR/JPY
- W/e: Mexican President's trip to the US to visit Trump 'postponed' indefinitely
- BoE deputy governor Sir Dave Ramsden sees faster rate rises
- UK police are responding to a major incident
- Economic calendar due from Asia today – BOJ QE in action!
- Monday morning FX - 26 February 2018 - foreign exchange prices, early indications
- Blockchain case study and how to get involved
- Forexlive Americas FX news wrap: Good golly. Stocks end the week with strong gains
Early Asia opening trade was enlivened by a pop in yen crosses. USD/JPY led the brief charge, above 107 and then to just under 107.30. A large buyer in the pre-Tokyo thin liquidity saw stop loss buyers taken out above 107.10/15. There was a bit of a head-scratch for 'news' to drive to the move, but it really does not take much in the early hours of the week to move currencies. Nearby stops are often enough.
USD/JPY and yen crosses subsided over coming hours, with the lower USD spreading further to other currencies and gold. Gold has had a good opening session for the week, up around 10USD at one stage.
EUR, AUD, GBP .... well, across the board higher currencies against the USD. Not by too much (this is Asia, after all)
Bank of Japan Governor Kuroda spoke in parliament today, not adding to much at all to his well known views for more easing. The yen continued to climb during his testimony.
We await Europe/UK/US trade, with plenty still on the horizon, including ...
Still to come
