- ING on oil - "no surprises from OPEC+"
- The IMF will release its World Economic Outlook a week later than planned
- Japan's Sony Group will establish a new electric vehicles company
- Bridgewater founder Dalio prefers China investments over US
- Fear the global semiconductor chip shortage could get even worse - fire in key factory
- Morgan Stanley on the FOMC Dec, meeting minutes - discussion of Fed balance sheet policy
- China Evergrande to hold meeting with bondholders on January 7-10
- PBOC sets USD/ CNY reference rate for today at 6.3779 (vs. estimate at 6.3753)
- Australian data - ANZ Job Advertisements for December -5.5% m/m (prior +9.9%)
- New York Fed researchers say global supply chain pressures may have peaked
- Japan December Monetary Base grows 8.3% y/y, below expected
- North Korea appear to have fired off a ballistic missile
- Société Générale are eyeing 1.1380 and 1.1230 in EUR/USD
- Nonfarm payroll forecast from BoA - see a significant acceleration in December job growth
- ICYMI - Kashkari expects 2 Federal Reserve rate hikes in 2022
- Nomura AUD/USD forecast is 0.78 by the end of 2023
- Trade ideas thread - Wednesday 05 January 2022
- Private oil survey data shows larger draw than expected in headline crude inventory
- Dow closes at another record
There was little to cause much movement across major FX rates during the session. Markets shrugged off the North Korean ballistic missile launch, the projectile was aimed at the East Sea (Sea of Japan) without overflying Japan nor landing in its economic zone.
Asian equity markets mainly softened and this has translated into some yen gains (minor only) on a haven bid.
Data flow was light, Australian job advertisement (not a top-tier release) fell in December after huge rises in October and November.
The minutes of the December Federal Open Market Committee policy meeting will be published Wednesday afternoon, US time. Preview and links to other previews in the bullets above.
USD/JPY lost a few tics:
