According to Hidenori Suezawa, the chief fixed-income strategist at SMBC Nikko Securities Suezawa says that if the US accuses the BOJ of guiding the yen lower, then there’s a risk that the central bank may need to alter its powerful easing monetary policy.
Xinhua News Agency in response to Trump’s proposal of $100 bn worth of additional tariffs to be levied against China Not official words from the government, but the response is pretty much what’d you expect to come out from the higher ups in China as well.
A preview of what’s to come in European trading later Howdy, everyone! Hope you’re all doing well as we close out the final trading day of the week. It’s been a bit of a lively one in Asian trading, with the key news being .
Forex and Bitcoin news for Asia trading Friday 6 April 2018 The session kicked off some volatility after a subdued early twilight zone with the US President saying he wants the US Treasury to consider a further $100bn in tariffs on Chinese imports to add to the $50bn already proposed.
Some comments by Moody’s in a statement A general overview of the situation a la Moody’s. Well, the reported measures up until now are not set in stone just yet – we have no exact dates. But no doubt that the uncertainty will already weigh in on companies and their contingency planning.
A soggy start to futures trading in Europe 6 April – UK FTSE futures -0.4% – German DAX futures -1.0% – French CAC 40 futures -0.9% Bund futures open +13 at 159.24
Latest data released by Destatis – 6 April 2018 Softer headlines, but better revision. Though not a major data point, it’s yet another one to feed into the headline misses in terms of recent Eurozone data.
Your daily thread to exchange ideas and thoughts – 6 April 2018 It’s Friday. Yeeeeey! There’s been some good jobbing opportunities again for those interested so are you taking advantage or waiting for different entry/exit levels?
According to Kyosuke Suzuki, director and head of FX sales at Societe Generale, Tokyo The one thing he’s not highlighting is that of equities, which has been a key driver of yen pairs this week. If you are looking for an indicator of sentiment in USD/JPY, be sure to keep an eye on equities too.
Further comments by China’s commerce ministry in a statement Pretty much reiterating the same rhetoric over the past few days. As mentioned, China will only announce their retaliatory measures once the US firms up on their additional $100 bn tariffs (they are the reactionary party in all of this). Otherwise, expect more verbal spat to…