Will keep the Fed in play of course For the USDJPY, the price moved lower on the headlines and dipped below the 200 hour MA at 110.468. The low reached 110.412. US yields are lower. The 2 year is down -1.6 bps. The 10 year is also down -1.6 bps.
Canadian trade balance data for May 2018 ForexLive
Manufacturing survey from Ivey The market doesn’t follow this report very closely. ForexLive
Comments by Riksbank deputy governor Cecilia Skingsley Following the dissent by Floden yesterday, the SEK is now posting further gains against the EUR with EUR/SEK now falling to below 10.24 now.
Further comments by BOJ board member Yutaka Harada Well, Japan’s unemployment rate has steadily fallen – now to 2.2%, the lowest in 25 years – but let’s be honest. That hasn’t translated to any increase in price pressures whatsoever, so to hope for CPI reaching 2% even if the jobless rate falls further is nothing…
I posted on Tuesday of the jawboning form the People’s Bank of China and the intervention to sell USD and buy yuan: This news is still making the rounds, Tuesday intervention being cited as a factor heling support the RMB again today.
Bank of Japan easing policy is having its intended effect – Need to continue with easing to hit the 2% inflation target – Further easing would be needed if inflation loses momentum
ECB Praet He adds<
Comments by the head of PBOC’s research institute As I said earlier, it’s hard not to believe that the recent weakness has nothing to do with the PBOC and as I’ve mentioned back it’s easy for them to brush aside any intentional devaluing to being part of the “yuan fixing mechanism”.
Riksbank governor Stefan Ingves speaks to Bloomberg TV The Swedish central bank earlier today but deputy governor Floden’s reservations on the interest rate path gave SEK a reason to post gains as the currency strengthens by more than 1% against the EUR on the day: