ForexLive Asia-Pacific FX news wrap: Major FX traded relatively small ranges only

[forex4you]

ForexLive Asia-Pacific FX news wrap:  Major FX traded relatively small ranges only

<ul><li><a href="https://www.forexlive.com/centralbank/japan-services-ppi-up-again-in-february-higher-labour-costs-will-encourage-the-boj-20230327/">Japan services PPI up again in February - higher labour costs will encourage the BOJ</a></li><li><a href="https://www.forexlive.com/centralbank/bank-of-england-governor-bailey-is-speaking-monday-27-march-2023-20230327/">Bank of England Governor Bailey is speaking Monday 27 March 2023</a></li><li><a href="https://www.forexlive.com/news/imf-md-georgieva-warned-of-risks-to-financial-stability-but-actions-so-far-calmed-markets-20230327/">IMF MD Georgieva warned of risks to financial stability, but actions so far calmed markets</a></li><li><a href="https://www.forexlive.com/centralbank/morgan-stanley-turn-neutral-on-usdjpy-awaiting-clarity-20230327/">Morgan Stanley "turn neutral" on USD/JPY awaiting clarity</a></li><li><a href="https://www.forexlive.com/news/china-january-february-industrial-profits-229-yy-vs-prior-40-20230327/">China January - February Industrial profits -22.9% y/y (vs. prior -4.0%)</a></li><li><a href="https://www.forexlive.com/centralbank/pboc-sets-usd-cny-reference-rate-for-today-at-68714-vs-estimate-at-68703-20230327/">PBOC sets USD/ CNY reference rate for today at 6.8714 (vs. estimate at 6.8703)</a></li><li><a href="https://www.forexlive.com/Orders/fx-option-expiries-for-monday-27-march-2023-at-the-10am-new-york-cut-20230327/">FX option expiries for Monday, 27 March 2023 at the 10am New York cut</a></li><li><a href="https://www.forexlive.com/news/japan-ppi-services-for-february-18-expected-17-prior-16-20230326/">Japan PPI services  for February  +1.8% (expected +1.7%, prior +1.6%)</a></li><li><a href="https://www.forexlive.com/news/anz-ceo-says-banking-crisis-has-the-potential-to-become-a-financial-crisis-20230326/">ANZ CEO says banking crisis has the potential to become a financial crisis</a></li><li><a href="https://www.forexlive.com/centralbank/mufg-looking-for-usdjpy-to-127-128-soon-20230326/">MUFG looking for USD/JPY to 127 - 128 soon</a></li><li><a href="https://www.forexlive.com/news/north-korea-has-fired-another-ballistic-missile-20230326/">North Korea has fired another ballistic missile</a></li><li><a href="https://www.forexlive.com/centralbank/ecb-vice-president-de-guindos-banking-sector-a-period-of-very-high-uncertainty-20230326/">ECB Vice President de Guindos: banking sector ... "a period of very high uncertainty"</a></li><li><a href="https://www.forexlive.com/centralbank/swedish-central-bank-head-flags-another-rate-hike-in-april-inflation-worse-than-thought-20230326/">Swedish central bank head flags another rate hike in April, inflation "worse than thought"</a></li><li><a href="https://www.forexlive.com/news/-could-extend-restrictions-on-fertiliser-exports-for-six-months-until-november-20230326/"> could extend restrictions on fertiliser exports for six months, until November</a></li><li><a href="https://www.forexlive.com/news/icymi-jp-morgan-says-market-getting-it-wrong-on-deutsche-bank-20230326/">ICYMI: JP Morgan says market getting it wrong on Deutsche Bank</a></li><li><a href="https://www.forexlive.com/news/trade-ideas-thread-monday-27-march-2023-20230326/">Trade ideas thread - Monday, 27 March 2023</a></li><li><a href="https://www.forexlive.com/centralbank/ecbs-schnabel-says-that-while-headline-inflation-has-begun-falling-core-is-sticky-20230326/">ECB's Schnabel says that while headline inflation has begun falling, core is sticky</a></li><li><a href="https://www.forexlive.com/centralbank/feds-kashkari-says-bank-stress-could-bring-the-us-closer-to-recession-via-a-credit-crunch-20230326/">Fed's Kashkari says bank stress could bring the US closer to recession via a credit crunch</a></li><li><a href="https://www.forexlive.com/news/monday-morning-open-levels-indicative-forex-rates-27-march-2023-20230326/">Monday morning open levels - indicative forex rates - 27 March 2023</a></li><li><a href="https://www.forexlive.com/centralbank/week-ahead-march-27-31st-highlights-include-us-pce-china-pmis-ez-cpi-aus-cpi-20230326/">Week Ahead March 27-31st: Highlights include US PCE, China PMIs, EZ CPI, Aus CPI</a></li><li><a href="https://www.forexlive.com/technical-analysis/where-do-i-start-with-so-many-events-and-releases-where-do-you-start-20230326/">Where do I start? With so many events and releases, where do you start?</a></li><li><a href="https://www.forexlive.com/technical-analysis/bitcoins-rally-at-a-crossroads-watch-out-for-profit-takers-20230326/">Bitcoin's rally at a crossroads: Watch out for profit takers</a></li><li><a href="https://www.forexlive.com/news/the-best-thing-youll-watch-on-ai-this-weekend-20230326/">The best thing you'll watch on AI this weekend</a></li><li><a href="https://www.forexlive.com/technical-analysis/unlocking-the-sp-500s-trading-range-for-next-week-analyzing-the-volume-profile-20230326/">Unlocking the S&amp;P 500's trading range for next week: Analyzing the volume profile</a></li><li><a href="https://www.forexlive.com/news/stock-investors-and-traders-can-use-end-of-week-after-hours-trading-data-20230326/">Stock investors and traders can use end of week after hours trading data</a></li><li><a href="https://www.forexlive.com/Cryptocurrency/top-10-cryptocurrencies-by-trading-volume-20230326/">Top 10 cryptocurrencies by trading volume</a></li><li><a href="https://www.forexlive.com/news/get-ahead-of-the-game-top-7-stocks-with-high-option-volume-and-market-sentiment-20230326/">Get ahead of the game: Top 7 stocks with high option volume and market sentiment</a></li><li><a href="https://www.forexlive.com/Education/the-ultimate-video-guide-to-investing-in-gold-how-to-buy-and-store-gold-like-a-pro-20230326/">The ultimate video guide to investing in gold: How to buy and store gold like a pro</a></li><li><a href="https://www.forexlive.com/news/putin-announces--will-station-nuclear-weapons-in-belarus-20230325/">Putin announces  will station nuclear weapons in Belarus</a></li><li><a href="https://www.forexlive.com/news/reminder-europe-and-the-uk-switch-to-daylight-saving-time-this-weekend-20230325/">Reminder - Europe and the UK switch to daylight saving time this weekend</a></li><li><a href="https://www.forexlive.com/news/yellen-financial-stability-meeting-says-system-remains-sound-and-resilient-20230324/">Yellen financial stability meeting says system remains sound and resilient</a></li><li><a href="https://www.forexlive.com/news/us-stocks-closed-higher-for-the-day-and-for-the-week-20230324/">US stocks closed higher for the day and for the week</a></li></ul><p class="western">
It
was a fairly subdued day for major FX. Small gaps shown in very early
trade were soon covered and subsequent ranges were not large</p><p class="western">USD/JPY
was the most notable, trading to above 131.00 from early in the
session lows circa 130.50. We had February Services PPI data from
Japan, for February, which rose above the January pace. The Bank of
Japan noted in the release that wage gains seem to be broadening,
albeit only gradually.
</p><p class="western">The
other data of note were the profits
at industrial firms for
January - February (note that combined January and February data
are published for most Chinese economic indicators to flatten out
distortions from the shifting timing of the Lunar New Year) in
China plunged. Revenues
dropped, and
elevated costs weighed
on margins.
 
</p><p class="western">Thee
were a few central banker comments over the weekend; Kashkari from
the Federal Reserve, and the ECB's Schnabel and de Guindos. See
bullets above.</p><p class="western">Asian
equity markets:</p><ul>
<li><p class="western">
Japan's
Nikkei 225 +0.31%</p>
</li><li><p class="western">
China's
Shanghai Composite -0.96%</p>
</li><li><p class="western">
Hong
Kong's Hang Seng -1.62%</p>
</li><li><p class="western">
South
Korea's KOSPI -0.35%</p>
</li><li><p class="western">
Australia's
S&amp;P/ASX 200 +0.18%</p></li><li><p class="western"></p></li></ul><p class="western">Bank of England Governor Bailey is speaking Monday UK time:</p>

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

Source: ForexLive Asia-Pacific FX news wrap:  Major FX traded relatively small ranges only

forexlive.com