Forex trading headlines for Asia Friday 21 February 2014
- Bank of Japan minutes January 21-22: Need to clearly explain that QE not limited to 2 year frame
- Berkshire Hathaway’s Business Wire to stop providing press-release access to high-speed-trading
- China to allow companies in a pilot free trade zone to move renminbi funds freely
- Survey: Japanese companies confident earnings will grow in fiscal 2014, expect impact of tax hike to be limited
- Japan economy minister Amari: US and Japan remain far apart on TPP trade talks
- Deutsche Bank on the Australian dollar – may drop to mid, low 60 cents in 2015
- UK’s Osborne: Says British economy is growing faster than any in Europe
- Japan finance minister Aso: Japan will explain its own plan to boost growth at G20
- Australia: Hockey says will run out of money unless govt takes look at costs
- Royal Bank of Scotland to slash 20,000 jobs
- U.S. companies ramp up capex as confidence grows
- People’s Bank of China (PBOC) sets yuan reference rate at 6.1176 – yuan weakest in 3 months
- Bank of Japan (BOJ) Amamiya: Lending programs to strengthen QE transmission
- IMF advises India to ready emergency rupee plan in taper warning
- Gold price … can it drop another 50%?
- China foreign ministry asks US to cancel Obama’s planned meeting with Dalai Lama
EUR/USD as good as flat, minimal movement. Cable slightly lower as the session progressed, CHF ever so slightly slightly higher.
The yen weakened a little, with USD/JPY approaching 102.50 in the morning, dropping back 15-off points and then having another go in the afternoon. Yep … that’s me getting excited about the 15 point range. The Nikkei traded higher in the session. We saw the minutes from the BOJ’s January meeting today (see bullets, above), they didn’t have a big impact on the market.
NZD/USD was very quiet, sitting around 0.8310.
AUD/USD sold off 30 or so points, ‘leveraged funds’ said to be the sellers in the Aussie morning, taking it back below 0.9 again.
USD/CAD continued to grind higher during the Asian session … but only a small range.
