Forex and Bitcoin news for Asia trading Friday 16 February 2018
- Japan finance minister Aso now says he is watching stock market moves closely
- More previews for the US data due Friday - Housing Starts and Sentiment
- There goes the yen again, US/JPY under 106 (first time since Nov. 2016)
- Week not over yet ... another set of US data coming up Friday - what to watch for.
- GBP traders - here are a couple more previews for retail sales data due Friday
- Goldman Sachs on renomination of Kuroda as BOJ head - current policy to remain
- GBP traders heads up for retail sales data due Friday - previews
- A heads up for the big option expiries close and of size for Friday 16 February 2018
- EUR/USD a little higher
- Japan govmt nominates Kuroda for BOJ Governor
- Japan govt nominates two new Deputy BOJ governors
- More Aussie politics - dummy spit from Deputy PM
- BOJ's Kuroda - Maintaining easing for time being
- RBA's Lowe says bitcoin is a speculative mania and people should be careful
- RBA's Lowe says would prefer a lower AUD to higher
- RBA's Lowe (more): Energy prices an issue for Australia - having an effect on economy
- Rate hike from ECB expected ... in mid-2019 (poll of economists)
- Japan finance minister Aso says will conduct inspections at 15 cryptocurrency exchanges
- RBA's Lowe says the outlook for US budget deficits is very problematic
- Japan finance minister Aso: FX stability very important
- Asian FX market holidays today - expect a very thin liquidity Friday session
- Yen traders note - BOJ Gov Kuroda to speak today (from 0100 GMT)
- RBA's Lowe says a credit rating downgrade for Australia would not be a big deal
- Here are the "Four crazy market targets" from Citi - tail risk in EUR, oil, bonds
- Coinbase says will refund customers charged incorrectly - issue solution identified
- RBA's Lowe is speaking now - says more likely next interest rate move is up
- 'Assistant trader' charged (criminal charges) with stealing cryptocurrency
- Here's an ICYMI on the Japanese 'no intervention' comment on the yen
- Trade ideas thread – Friday 16 February 2018
- ForexLive Americas FX news wrap: Dollar sinks even lower
- New Zealand - BusinessNZ Manufacturing PMI (January): 55.6 (prior 51.2)
- AUD traders - RBA Governor Lowe speaks today – what to expect
- Economic calendar due from Asia today – RBA Gov speaking
Market holidays for Singapore, Hong Kong and China saw quiet activity in Asia today until the USD carried on its weakening trend, slipping slowly lower and then accelerating down.
Fresh news and data was light. Bank of Japan Governor Kuroda looks to have secured a second term, but there was little doubt on this. There were also two fresh deputy governors nominated; both of them will be supportive of current (and perhaps even more) easy monetary policy. So, yen negatives all round, right? Nope, not.
While the announcement passed with little yen movement it wasn't long before USD/JPY was shunted under 106, to its lowest since late 2016. Yen crosses moved down along with the sharp US/yen decline.
The USD was weaker elsewhere also. EUR/USD popped above its overnight high and ticked higher still, adding nearly 40 points from the break up. AUD, CAD, NZD, GBP were all beneficiaries of the weaker USD too. But yen was the star.
Oh, RBA Governor Lowe spoke (a lot) today ... nothing new really.
And yields on 10 yr UST higher ... hit 2.905% (closed in the US at 2.893%)
Still to come
UK data:
- GBP traders - here are a couple more previews for retail sales data due Friday
- GBP traders heads up for retail sales data due Friday - previews
US data:
- More previews for the US data due Friday - Housing Starts and Sentiment
- There goes the yen again, US/JPY under 106 (first time since Nov. 2016)
- Week not over yet ... another set of US data coming up Friday - what to watch for.
---
