The forex trading headlines for Asia trading today: Thursday September 05, 2013
- Reminder: BOJ Governor’s Kuroda press briefing – scheduled for 0630GMT.
- The Bank of Japan policy meeting concluded, with policy left unchanged and the economic outlook upgraded. More here
- Australia: July trade balance: -765m (vs. expected +100m)
- Japan Buying Foreign Bonds Y -530.9 bn (previous week was Y -318.5 bn)
- Japan Buying Foreign Stocks Y 65.6bn (previous week was Y 9.6 bn)
- Foreign Buying Japan Bonds Y 201.5bn (previous week was Y -862.0 bn)
- Foreign Buying Japan Stocks Y -175.0bn(previous week was Y -89.5 bn) post here
- Federal Reserve Bank of Minneapolis President Kocherlakota spoke; he was his usual uber-dovish self – speech recap
- New Zealand finance minister English said the NZ dollar at 77 -78 cents ‘not a bad place’
- Indian rupee up over 1.5%
Plenty of comments from China:
- China finds county in Yunnan falsifying data
- China state researcher: China growth is trending slower
- China state researcher: Downward pressure on H2 growth is heavy
- China central bank vice governor says need policy coordination to curb policy risks
EUR/USD drifted ever so slowly off about 15 points today, mirroring USD/CHF.
GBP/USD in a very narrow range.
USD/JPY remained under the 99.80-100.00 sell orders throughout the session, and found buyers around 99.65 – for a very narrow range there also. The BOJ announcement had no discernable impact.
AUD/USD, too, was quiet, remaining overall bid. It dipped immediately on the trade defict data, but found bids below 0.9160 that saw it to 82/87. The headlines from China (in the bullets above) then saw it drift back to its lows, where buyers remained.
NZD/USD quiet , too, 7880/7905 more-or-less the range for it.
