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Forex news -forex broker review => Forex => Topic started by: forex4you on Dec 02, 2022, 12:41 pm

Title: ForexLive Asia-Pacific FX news wrap: Awaiting the US nonfarm payroll report
Post by: forex4you on Dec 02, 2022, 12:41 pm
ForexLive Asia-Pacific FX news wrap: Awaiting the US nonfarm payroll report

<ul><li><a href="https://www.forexlive.com/centralbank/ecb-speakers-coming-up-on-friday-2-december-2022-guindos-and-lagarde-again-20221202/">ECB speakers coming up on Friday, 2 December 2022 - Guindos and Lagarde (again)</a></li><li><a href="https://www.forexlive.com/centralbank/rba-gov-lowe-says-australian-inflation-expectations-are-still-well-anchored-20221202/">RBA Gov. Lowe says Australian inflation expectations are still well anchored</a></li><li><a href="https://www.forexlive.com/centralbank/ecb-president-lagarde-says-monetary-policy-is-complicated-by-uncertainties-20221202/">ECB President Lagarde says monetary policy is complicated by uncertainties</a></li><li><a href="https://www.forexlive.com/centralbank/pboc-gov-yi-gang-says-forecasts-for-inflation-in-china-in-2023-are-in-a-moderate-range-20221202/">PBOC Gov Yi Gang says forecasts for inflation in China in 2023 are in a moderate range</a></li><li><a href="https://www.forexlive.com/centralbank/ecb-president-lagarde-is-speaking-soon-live-link-20221202/">ECB President Lagarde is speaking soon - live link</a></li><li><a href="https://www.forexlive.com/centralbank/boj-gov-kuroda-says-inflation-rates-around-the-world-are-expected-to-slow-gradually-20221202/">BOJ Gov. Kuroda says inflation rates around the world are expected to slow gradually</a></li><li><a href="https://www.forexlive.com/news/chinese-finance-minister-promises-to-continue-with-policy-stimulus-generally-stable-yuan-20221202/">Chinese Finance Minister promises to continue with policy stimulus, generally stable yuan</a></li><li><a href="https://www.forexlive.com/centralbank/the-asian-development-bank-president-on-fed-aggressive-tightening-20221202/">The Asian Development Bank President on Fed aggressive tightening</a></li><li><a href="https://www.forexlive.com/centralbank/pboc-sets-usd-cny-mid-point-today-at-70542-vs-estimate-at-70563-20221202/">PBOC sets USD/ CNY mid-point today at 7.0542 (vs. estimate at 7.0563)</a></li><li><a href="https://www.forexlive.com/news/nfp-preview-nomura-says-increasing-uncertainty-is-affecting-hiring-activity-20221202/">NFP preview - Nomura says "increasing uncertainty is affecting hiring activity"</a></li><li><a href="https://www.forexlive.com/news/australian-housing-finance-data-for-october-slows-again-higher-rates-weighing-20221202/">Australian housing finance data for October slows again - higher rates weighing</a></li><li><a href="https://www.forexlive.com/centralbank/pboc-is-expected-to-set-the-usdcny-reference-rate-at-70563-reuters-estimate-20221202/">PBOC is expected to set the USD/CNY reference rate at 7.0563 - Reuters estimate</a></li><li><a href="https://www.forexlive.com/news/boa-is-forecasting-eurusd-back-to-parity-early-in-2023-20221202/">BoA is forecasting EUR/USD back to parity early in 2023</a></li><li><a href="https://www.forexlive.com/news/japan-finance-minister-suzuki-says-closely-watching-forex-levels-20221201/">Japan finance minister Suzuki says closely watching forex levels</a></li><li><a href="https://www.forexlive.com/centralbank/rbnz-governor-orr-will-be-speaking-today-but-not-on-monetary-policy-apparently-20221201/">RBNZ Governor Orr will be speaking today, but not on monetary policy apparently</a></li><li><a href="https://www.forexlive.com/news/south-korea-inflation-data-november-core-cpi-yy-up-at-its-fastest-since-december-2008-20221201/">South Korea inflation data November: Core CPI y/y up at its fastest since December 2008</a></li><li><a href="https://www.forexlive.com/centralbank/mufg-sees-scope-for-further-eurusd-rebound-20221201/">MUFG sees scope for further EUR/USD rebound</a></li><li><a href="https://www.forexlive.com/news/g7-official-says-very-very-close-on-us60-barrel-n-oil-price-cap-agreement-20221201/">G7 official says 'very, very close' on US$60 / barrel n oil price cap agreement</a></li><li><a href="https://www.forexlive.com/news/new-zealand-q3-terms-of-trade-falls-34-expected-16-import-prices-surged-20221201/">New Zealand Q3 terms of trade falls 3.4% (expected +1.6%) - import prices surged</a></li><li><a href="https://www.forexlive.com/centralbank/bojs-tamura-says-policy-should-be-reviewed-says-2-cpi-goal-may-be-too-high-for-japan-20221201/">BOJ's Tamura says policy should be reviewed, says 2% CPI goal may be too high for Japan</a></li><li><a href="https://www.forexlive.com/news/trade-ideas-thread-friday-2-december-2022-20221201/">Trade ideas thread - Friday, 2 December 2022</a></li><li><a href="https://www.forexlive.com/news/forexlive-americas-fx-news-wrap-dollar-sinks-bonds-surge-with-pce-inflation-in-line-20221201/">Forexlive Americas FX news wrap: Dollar sinks, bonds surge with PCE inflation in-line</a></li><li><a href="https://www.forexlive.com/centralbank/more-from-feds-barr-fed-has-more-work-to-do-on-rates-later-this-year-and-next-year-20221201/">More from Fed's Barr: Fed has more work to do on rates later this year and next year</a></li><li><a href="https://www.forexlive.com/technical-analysis/the-major-us-stock-indices-are-closing-mixed-20221201/">The major US stock indices are closing mixed</a></li></ul><p class="western">
FX
ranges were relatively subdued during the session today with the
excuse du jour being waiting on the NFP.
</p><p class="western">USD/JPY
had a swing or two though, from highs just over 135.50 to lows not
quite hitting 135.00. Early in the session a Bank of Japan policy
board member was reported in Japanese media, Asahi, as saying the
Bank's policy framework should be reviewed and this may involve
deciding if the 2% inflation target is too high. While there is no
change in Bank of Japan monetary policy imminent its difficult to
ignore the growing hints that its on the way.
</p><p class="western">In
data, South Korea headline inflation hit its lowest in 7 months, and
on the other hadn its core rate jumped to its highest since December
of 2008 (see bullets above).</p><p class="western">We
had central bank speak from Bank of Japan Governor Kuroda, Reserve
Bank of Australia Governor Lowe and European Central Bank
President Lagarde. None of the remarks were really new or fresh and
impact was limited.
</p>

                This article was written by Eamonn Sheridan at forexlive.com.

Source: ForexLive Asia-Pacific FX news wrap: Awaiting the US nonfarm payroll report (https://forexlive.com/news/forexlive-asia-pacific-fx-news-wrap-awaiting-the-us-nonfarm-payroll-report-20221202/https://forexlive.com/news/forexlive-asia-pacific-fx-news-wrap-awaiting-the-us-nonfarm-payroll-report-20221202/)

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