- The BOJ meet next week - but this week is an even bigger one for them (wage talk results)
- Weak consumption data from Japan - is it enough to hold Bank of Japan action until April?
- No Fed speakers scheduled today, or the next two weeks! The Blackout period has begun
- PBOC sets USD/ CNY reference rate for today at 7.0969 (vs. estimate at 7.1869)
- China Ambassador to Australia says review into tariffs on Australian wine progressing well
- Does Elon Musk hate gold up here?
- Trading CME futures? Don't forget the roll this week.
- Japan (final) Q4 GDP +0.1% q/q (preliminary was -0.4%)
- Support for Japan's PM Kishida has collapsed to 1% in latest opinion poll
- Weekend report - Bank of Japan is considering scrapping its yield curve control program
- Australia to abolish almost 500 tariffs from 1 July 2024
- ICYMI - China’s CPI rose last month for the first time since August 2023
- The week ahead in Australia and New Zealand - RBA and economic data events
- ICYMI from the US: Tech stocks see biggest weekly outflow on record
- Trade ideas thread - Monday, 11 March, insightful charts, technical analysis, ideas
- Monday morning open levels - indicative forex prices - 11 March 2024
- Weekly Market Outlook (11-15 March)
- A year ago today, JPMorgan had one of the all-time research blunders
- Newsquawk Week Ahead: US CPI & Retail Sales, UK GDP & Jobs data and Japan Rengo 1st tally
- China February CPI +0.7% y/y (expected +0.3%) PPI -2.7% y/y (expected -2.5%)
- Forexlive Americas FX news wrap: US unemployment rate rises, hot stocks reverse
From Japan over the weekend was a JiJi report saying the Bank of Japan will drop its YCC policy at the March 18 and 19 meeting, replacing it with a program indicating in advance the amount of Japanese Government Bonds it plans to purchase. From Japan today we had revised Q4 GDP data. The country averted a recession, with revised official data showing the economy expanded 0.4% in the October-December period last year, the preliminary figures had shown a contraction.
USD/JPY fell to just under 146.60 before recovering to be little changed on the session.
From China over the weekend were inflation data for February. The y/y CPI jumped back into positive territory, the first month of inflation after four months of deflation. The PPI, though, fell into deeper deflation.
Movement across major FX rates was subdued. Ranges have been small only.
Asia-Pacific equity markets were mixed after Wall Street traded softer again on Friday. Japan’s Nikkei 225 dropped more than 2%, being beaten down by the stronger yen and losses for chip stocks. China’s Shanghai Composite is down small while Hong Kong’s Hang Seng rose.
