forex forum binary options trade - Forex - ForexLive Asia-Pacific FX news wrap: Japan officials talk yen support, to no avail
  • Welcome to forex forum binary options trade. Please login or sign up.

ForexLive Asia-Pacific FX news wrap: Japan officials talk yen support, to no avail

Started by forex4you, Sep 02, 2022, 08:27 am

Previous topic - Next topic

0 Members and 1 Guest are viewing this topic.


ForexLive Asia-Pacific FX news wrap: Japan officials talk yen support, to no avail

<ul><li><a href="">People's Bank of China official comments on monetary policy, liquidity provision</a></li><li><a href="">China's SAFE (FX regulator) says cross border capital flows are generally stable</a></li><li><a href="">Assassination attempt on Argentina Vice President President Cristina Fernandez de Kirchner</a></li><li><a href="">US State Department says that Iran's response to nuclear deal 'not constructive'</a></li><li><a href="">Japn finmin Suzuki says will take action on FX if necessary</a></li><li><a href="">BoA like the yen (someone has to I guess) - forecast USD/JPY to 120</a></li><li><a href="">PBOC sets USD/ CNY mid-point today at 6.8917(vs. estimate at 6.9202)</a></li><li><a href="">Japan chief cabinet secretary Matsuno tries to talk up the yen</a></li><li><a href="">The estimate for the USD/CNY reference rate setting from the PBOC today is above 6.92</a></li><li><a href="">South Korea's central bank forecasts inflation staying at 5 to 6% for some time</a></li><li><a href="">Poll of analysts - RBA to hike its cash rate by 50bp on Tuesday 6 September</a></li><li><a href="">Non-Farm payroll (NFP) preview</a></li><li><a href="">BCC says the UK is already in a recession</a></li><li><a href="">South Korea core inflation (August data) is rising at its fastest since February 2009</a></li><li><a href="">NZ data - Q2 Terms of trade index  -2.4% q/q (expected -1.3%)</a></li><li><a href="">Iran says its submitted a constructive response to finalize revival of the nuclear deal</a></li><li><a href="">USD/JPY above 140, get ready for (ineffective) talking intervention out of Japan today</a></li><li><a href="">US non-farm payrolls data due Friday - Goldman Sachs' estimates</a></li><li><a href="">ICYMI on China COVID: Chengdu and its 21 million population enters lockdown</a></li><li><a href="">More on Goldman Sachs forecasting a 75bp rate hile from ECB next week</a></li><li><a href="">Trade ideas thread - Friday, 2 September 2022</a></li><li><a href="">Fed's Bostic says the Bank must slow down the economy</a></li><li><a href="">Forexlive Americas FX news wrap: ISM manufacturing hits a goldilocks note</a></li><li><a href="">Dow and S&P snap 4 day losing streak. Nasdaq not so lucky</a></li></ul><p class="western">
FX moved in small ranges during the timezone here today. The focus is
on getting the US non-farm payroll report out of the way, its due at
1230 GMT and there are previews in the points above. </p><ul><li>
snapshot from the ForexLive economic data calendar, <a href="">access
it here</a>.</li><li>
times in the left-most column are GMT. </li><li>
numbers in the right-most column are the 'prior' (previous
month/quarter as the case may be) result. The number in the column
next to that, where is a number, is the consensus median expected.</li></ul><p class="western">
--</p><p class="western">USD/JPY
dipped briefly under 140 but soon found a bid again. This came
despite multiple officials in Japan weighing in with statements
seeking to support the yen (again, in the points above). Traders just
shrugged these off.
</p><p class="western">Early
in the Asia morning we had reports out of Iran that they had sent in
what they said were constructive proposals to finalise the nuclear
deal talks. Later in the session we had the US State Department saying
no, the proposals were not constructive. Oil has net risen on the
session a little.
</p><p class="western">The
People's Bank of China set the reference rate for USD/CNY well
below the estimate again today (i.e. set the CNY stronger than
estimated). China is sweating on the risk of great capital outflow
from the country as they lower rates to deal with the numerous
headwinds for the economy:</p><ul><li>rolling
COVID outbreaks and associated shutdowns</li><li>a
deeply, deeply distressed property sector</li><li>power
shortages in key industrial hubs</li></ul><p class="western">In
response China's FX regulator the State
Administration of Foreign Exchange (SAFE) issued soothing words on
stable FX flows. These were accompanied by smooth-talking from the
PBoC also,  the usual 'provide ample liquidity', 'no
flood-like' stimulus. More in the points above.

This article was written by Eamonn Sheridan at

Source: ForexLive Asia-Pacific FX news wrap: Japan officials talk yen support, to no avail
Forex4you offers wide range of trading accounts with DDE, NDDE and STP executions including more than 100 instruments. Forex4you is based on MetaTrader 4 trading platform. Clients have the advantage of daily technical and fundamental analysis, one-click trading, economic calendar, mobile trading applications, news and forecasts from Dow Jones (UK) and signals from Trading Central (US). In addition, Forex4you offers Forex dictionary, educational materials and lot of "How to" guides about Forex. Forex  beginners-guide-to-iq-option-complete-review forex4you review forex4you Forex4you Review - One of the Best Forex Brokers Forex4you Review - One of the Best Forex Brokers forex4you - PAMM forex broker review and feedback from traders  Affiliate programs  Forex4you Affiliate programs