ForexLive Asia FX news wrap: Japan core CPI the lowest since June 2013 via ForexLive

Loading...
Loading...

Forex news for Asia trading Friday 30 January 2015

The focal point for Asian FX markets today was the Japanese CPI, with maybe the interview with an Aussie journalist on SkyNews a distant second.

The Japanese CPI data for December was a disappointing result yet again, with the core CPI (as measured in Japan, which excludes food but includes energy) at +0.5% y/y (after the sales tax hike is accounted for). Over the course of the session, though the yen found some strength. Check out the link to the data for more details and also BNP Tokyo economist, oil drop a positive for Japan, doesn't see further BOJ stimulus.

USD/JPY and yen crosses lost some ground overall, and it would seem some unwinding of the USD strength overnight was a contributor.

While EUR and GBP edged just a tiny bit higher (and USD/CHF lost some ground, but the CHF continues in a world of its own at present it seems), AUD and NZD both continued ther bounce that started mid-afternoon eastern US time.

AUD/USD is encountering solid offering interest ahead of 0.7800. though, which held its rise all day. NZD, similarly, offered for now ahead of 0.73.

Oil was more or less flat, gold edged back a few bucks higher (but not a lot in it).

posted via ForexLive

Loading...
Loading...
Posted In: ForexGlobalEconomics
We simplify the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.

Join Now: Free!

Loading...