- China planning to set up a real estate fund (up to US$44bn) to prop up property developers
- Why to watch the Bank of Japan press conference at 0800 GMT - new 'hawk' on Board
- Bank of Japan announce a press conference to introduce new Board members, 5pm Tokyo time
- PBOC sets USD/ CNY reference rate for today at 6.7543 (vs. estimate at 6.7500)
- ICYMI - UBS cut its gold price forecast
- More from ECB's Holzmann - may have to accept a moderate recession to fight inflation
- NZD week ahead - will be driven by the FOMC and Australian CPI
- The two big US events this week are GDP data and the FOMC rate hike - Preview of both
- US FOMC meeting this week, +75bp no longer feels so significant
- ECB Holzmann says the Bank will take the economy into consideration when hiking rates
- Weekend - Australian PM repeated his call for China to remove its trade sanctions
- A technical overview of the major currency pairs as the new trading week begins
- ICYMI - Russia won't supply oil to countries that decide to impose a price cap on its oil
- ECB Lagarde says will raise interest rates for as long as it takes
- Barclays has scooped a stake in $2bn cryptocurrency firm Copper
- US Treas Sec Yellen says economy shows no signs of recession
- Monday morning open levels - indicative forex prices - 25 July 2022
- China reports 982 new covid cases vs 817 a day ago
- Euro still unbuyable despite the ECB 50bps hike - SocGen
- Bitcoin technical anlalysis & managing a profitable bitcoin short trade
- Newsquawk week ahead - 25-29 July - Highlights: FOMC, EZ & Australian CPI, US PCE
- The next UK Prime Minister - if its Truss, and not Sunak, BoE rates will rise faster
As a headline item on what is ahead there is a potentially interesting news conference coming up from the BOJ at 0800 GMT.
Newly appointed members of the Bank of Japan policy board Takata and Tamura are speaking.
Takata has raised questions about the adverse effects of years of monetary easing and has written a book on how to exit the accommodative policy. There is more in the points above.
News flow was light over the weekend and into the week's opening here in Asia.
Data flow was zero, there was nothing of relevance to major forex rates at all on the data calendar.
The week opened with a bid for the US dollar across the majors board. USD/JPY moved to mid-136 (just over 136.50) before dropping (briefly) back under 136.00. The lower USD/JPY move was accompanied by the USD losing a little ground more broadly, but the USD/JPY drop was more noticeable. The BOJ press conference news played a role in this. As I noted in an earlier post, Takata will be worth listening too, if he expresses his views on dialling bak on ultra-loose BOJ policy. And, he then follows up at a Board meeting its likely he will be in dissent, perhaps in a minority of just one. Still, worth keeping an eye out for this presser to come.
