Forex news for Asia trading Tuesday 15 September 2015

BOJ announcement

  • BOJ leaves policy unchanged
  • Some quick BOJ responses

BOJ previews

  • What To Expect From BoJ? - Views From 12 Major Banks
  • Goldman Sachs sees further BOJ easing (in October), and further yen weakness
  • BOJ announcement due today ... 'no change' is the consensus outlook

Japan

  • Japan's Yamamoto: Steps must be taken on economy
  • Reuters Tankan: Japan Manufacturing Index +9 in September (prior was +17)

China

  • People's Bank of China sets the USD/CNY mid-point reference rate at 6.3665
  • More from BoA/ML: China leading indicator rebounds, but downward economic pressure remains
  • BoA/ML: "We do not think China is facing a big risk of hard landing"
  • BoCom: China economy may rebound slightly in Q4

Australia, New Zealand & RBA Minutes

  • CBA on the RBA Minutes today: Policy bias is neutral
  • Australian Financial Review says "RBA warns of darkening global outlook"
  • RBA September Minutes: Will review upcoming data to judge appropriateness of rates
  • Aussie press: Chinese retreat from Australian property as capital controls bite
  • Citi on AUD/USD, says to watch today's Minutes for 'hawkish tone'
  • ANZ Roy Morgan weekly Consumer Sentiment: 105.3 (prior was 106.7)
  • Technical analysis: What is an outside day reversal?
  • Oil-Moody's on a 'persistent oversupply of rigs combined with low oil prices
  • The Swiss National Bank meet this week; how is EUR/CHF looking in the lead-up?I
  • Authorities close Russian bank, searched vaults and found gold bars were just painted lead
  • Goldman Sachs EUR/USD Elliot Wave technical analysis
  • Trade ideas thread for Tuesday 15 September 2015
  • PIMCO CIO says Fed decision this week will be close, less than 50% chance of hike

USD/JPY was an active mover today, up around 50 points through to early Tokyo ahead of the BOJ announcement today. there was little in the way of news or catalysts for the move and from the morning and then through the announcement it gave back pretty much all of its gains.

AUD and NZD both traded higher also. Some stops noted above 0.7150 in the AUD/USD were taken out, but the move ran out of puff above 0.7160. The release of the RBA Minutes saw 20 points wiped off the AUD, though they had little new or exciting in them. They've been taken as slightly dovish, though the bias for the RBA going forward seems somewhat in the eye of the beholder at present (CBA, for example, say they are neutral).

Cable was more or less flat, the CHF has found a little strength as has the EUR.

China stocks are more or less unchanged from their opening as I update, albeit opening weaker again today.

Still to come

  • Bank of Japan (BOJ) Governor Kuroda's press conference at 0630GMT
  • New Zealand - dairy auction during London time
  • FOMC - Federal Reserve Board; who is a hawk, who is a dove? Handy chart to stick to the fridge!