- FX option expiries for Monday, 30 January 2023 at the 10am New York cut
- BOJ Gov Kuroda says possible to hit 2% inflation with wage growth and current easy policy
- Japan PM Kishida says hopes the BOJ and government continue to work closely on policy
- US President Biden administration's 'Roadmap to Mitigate Cryptocurrencies’ Risks"
- BoA on the FOMC, +25bp & guidance of more to come. BoA forecast EUR/USD lower.
- PBOC sets USD/ CNY reference rate for today at 6.7626
- UK business confidence in January hit a 6 month high
- PBOC is expected to set the USD/CNY reference rate at 6.7660 – Reuters estimate
- ICYMI - Former Treas Sec Summers urged the Fed to refrain from signaling its next move
- Oil futures (WTI) above $80US on reopening for the week - China back from holiday
- China's cabinet said it will promote consumption recovery, boost imports to drive economy
- Barclays on month-end USD trade
- Trade ideas thread - Monday, 30 January 2023
- WSJ's Timiraos says Federal Reserve officials uneasy that inflation could re accelerate
- NZ Dec. trade data: Exports NZD6.72bn (prior 6.68bn) & Imports NZD7.19bn (prior 8.54bn)
- Weekend: China to extend 3 lending tools for further targeted economic support
- Economic calendar in Asia for Monday, 30 January 2023 - a light one
- Explosions reported in several places in Iran
- Newsquawk Week Ahead: Highlights include FOMC, ECB, BoE, PMI data, US Jobs, EZ CPI
- Forexlive Americas FX news wrap: PCE data matches estimates
Mainland China markets resumed trading today after the long Lunar New Year holiday. Hong Kong stocks had opened mid-last week and surged higher, the mainland markets played catch-up today, jumping at the opening. The CSI300 opened around 2% higher and kicked back into a bull market, now being up 20% from the lows hit in October last year.
Hong Kong equities fell back today.
News and data flow was very light here during the session.
Major FX rates traded in limited ranges. It’s a huge week ahead for central bank policy decisions with the Federal Reserve, European Central Bank and Bank of England ahead. This is likely to dampen FX volatility in the Asia timezone.
Asian equity markets:
Japan’s Nikkei 225 +0.3%
China’s Shanghai Composite +0.7%
Hong Kong’s Hang Seng -1.2%
South Korea’s KOSPI -1.2%
Australia’s S&P/ASX 200 -0.05%
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USD/JPY continued its choppy trading around 130.00:
