The Wall Street Journal with a piece on what seems to be a push from the White House to re-join negotiations on the Trans-Pacific Partnership When Trump pulled out of negotiations the other 11 nations went ahead and concluded the , which is expected to be ratified in around 12 months.
A poll conducted by a Japanese media group, Kyodo News poll shows: – Public support for Prime Minister Shinzo Abe’s Cabinet has dropped 5.4 points to 37.0% The poll results were announced over the weekend, the fresh slide for Abe comes from revived allegations that he helped a friend secure government approval to open a new…
JPY hits fresh highs The yen is at fresh North American session highs as another round of risk aversion hits late. There were reports of an earthquake in Japan but it’s a small one. This is more about risk aversion as the S&P 500 rolls over late.
Quick move lower in USD/JPY No word on the strength of the earthquake but USD/JPY is down to 107.33 and flat on the day from 107.50 a few minutes ago. Nemuro is in the far northwest of Japan so the risks are lower.
McCarthy the front runner to take over House leadership Ryan says he will stay on through the November mid-terms so it’s premature to say who will get the role. McCarthy isn’t a favorite of the Tea Party.
The loonie led the way It was an impressive week for the Canadian dollar despite a setback on NAFTA. The currency rallied strongly at the start of the week on higher oil, better sentiment, Xi’s comments at Boao and domestic data.
McCabe was fired last month Former FBI deputy director Andrew McCabe wasn’t truthful with investigators, according to a Justice Department into his conduct during the election.
Forex news for North American trade on April 13, 2018: Markets: – Gold up $10 to $1344 – WTI crude up 23-cents to $67.29 – S&P 500 down 8 points to 2656 The US dollar and yen were both stronger to wrap up the week, with the commodity currencies particularly soft at the end.
Comey will speak about Trump There is a bit of hype around this interview with ABC saying he said things that “left people in the room stunned.” In my experience, this kind of thing is always overrated. It was with Stormy and it will be this time. Maybe there will be a bit of risk aversion…
Elon Musk regrets too much automation I’ve been reading some pretty compelling arguments that Tesla was mistaken in trying to overly automate is assembly line.