Forex news for Asia trading Friday 23 June 2017

  • ANZ on the AUD (forecasts) & RBA
  • Here are 4 gold charts that offer something for everyone
  • Private equity big wig says Fed to continue with hikes, rises are not a problem
  • Bk of Mexico Carstens: MXN has room to appreciate, but less than before
  • Post for those holding JGBs: BoA/ML & Mizuho expect the whale to buy many less in 2018
  • PBOC sets USD/CNY mid-point today at 6.8238 (vs. yesterday at 6.8197)
  • Japan flash Nikkei / Markit June Manufacturing PMI: 52.0 (prior 53.1)
  • Soros on "Brexit In Reverse" - if all goes well UK & EU may remarry even before divorce
  • UBS on the yuan - "USDCNY to stay broadly stable for rest of the year"
  • Oil (this is another ICYNI): Barclays cuts its oil price forecasts
  • New Australian iron ore mine ... development deferred due to market conditions
  • The US is suspending imports of fresh beef from Brazil
  • ICYMI: Japan's government raised its overall view of the economy, first time in 6 months
  • Trade ideas thread (TGI) Friday 23 June 2017
  • EU responses to UK PM's generous offer not to deport EU citizens after Brexit
  • ICYMI: Forexlive Americas FX news wrap: Stronger retail sales send the loonie higher
  • North Korea fires off another rocket engine test
  • Add this to your diary - Federal Reserve Chair Yellen to speak June 27
  • Brexit plans - Morgan Stanley looks close to choosing Frankfurt for its new Europe HQ
  • US stocks end little changed

It was a small range day again for Asia FX, and there was little in the way of fresh news nor data. We got the preliminary reading for the Japanese manufacturing PMI (June), it slipped a little but remains in 'expansion' territory.

USD/JPY gained a few points' with a range not much greater than 15 points. EUR/JPY fared a little better range-wise (around 25 points); it was helped up by the EUR/USD gaining 10 or so points.

The CHF, too, added a little, a very little.

Cable slipped around 15 points in early Tokyo but soon recovered and has added to its US-time high to be just shy of 1.2700:

AUD/USD is a handful of points up, NZD/USD slipped a little early but is now barely changed on the session.

The People's Bank of China weakened the CNY against the USD again today, and refrained from OMOs citing high liquidity in the market due to fiscal spending.

All in all a subdued Asia Friday fro the currencies.

Gold is up a couple of dollars, oil a few cents.

Regional equities:

  • Nikkei +0.11%
  • Shanghai -0.74%
  • HK +0.07%
  • ASX -0.04%