Forex news for Asia trading Friday 25 August 2017
And, not quite all, these also:
- Is this one sentence preview for Yellen at Jackson Hole all you need?
- Citi preview Jackson Hole - Yellen may underpin the USD. (Also, Citi Brexit remarks)
And ...
- ANZ on the AUD/USD - stretched around 0.8, but USD uncertainty supporting
- Japan economy minister Motegi: Doesn't expect a supplementary budget yet
- Philippines central bank governor says definitely not in an FX crisis
- Ahead of Jackson Hole speeches - Economic data due from the US on Friday (previews)
- PBOC sets USD/CNY central rate at 6.6579 (vs. yesterday at 6.6525)
- BOJ buys 410bn yen in 5-10yr JGBS (vs. 440bn prior)
- USD/JPY pops above 109.70
- JP Morgan chair says there is more risk in the Fed delaying than hiking early
- Here is the full agenda for Jackson Hole - who is speaking, when
- More Japan data: PPI Services (July): 0.6% (prior 0.7% y/y)
- Citi preview Jackson Hole - Yellen may underpin the USD. (Also, Citi Brexit remarks)
- Japan headline CPI (for July): 0.4% y/y (expected 0.4%)
- EUR/USD technical analysis levels from BoA/ML
- Fed's Kaplan comments - has not lost faith inflation will bet back to 2%
- UK Q2 GDP data - "a larger-than-expected slowdown in consumption"
- Australia - constitutional crisis, even higher energy prices --> weak consumers
- ICYMI - Fed's Kaplan and George may as well have announced this new Fed mascot
- Is this one sentence preview for Yellen at Jackson Hole all you need?
- Markets - Mohamed El-Erian has 2 things he isn't worried about & 2 things that he is
- Trade ideas thread - for Friday 25 August 2017
Jackosn Hole seems to be the excuse du jour. Yellen and Draghi speeches still to come :
- Fed Chair Janet Yellen at 10am NY time (1400GMT)
- Mario Draghi, President of the European Central Bank at 3pm NY time (1900GMT)
As you'd expect, activity in Asia today was more subdued than usual (and usual is normally no great shakes anyway). USD/JPY popped into the Tokyo fix, some wags suggested on demand - nice one! It popped above 109.70 but has since stabilised below there. The pop on it didn't overflow into much else at all, sending yen crosses up a little alongside.
Since then EUR/USD has dribbled a few points lower but come back to be just a fraction under unchanged for the session. USD/CHF is a few pips lower also while cable has clawed its way to 10+ point gain. USD/CAD - little change, slightly down.
The local, AUD/USD slid to circa 0.7885 before coming back to approach 0.7900 and is barely net changed for the day. NZD/USD, on the other hand, has managed a small gain.
Ahead of Jackson Hole there is still data to come from the US:
Regional equities:
- Nikkei +0.63%
- Shanghai +1.16%
- HK +0.69%
- ASX -0.06%
