Bank of England Governor Bailey, other officials, appear in parliament committtee TuesdayFX option expiries for 19 November 10am New York cutSEK traders heads up – Riksbank First Deputy Governor Anna Breman speaks TuesdayFederal Reserve Bank of Kansas City President Jeffrey Schmid speaking Tuesday“BOJ to bid farewell to stimulus era, justify rate hikes in policy review”MUFG says Japan rate increases will accelerate, due to more inflation pressureChina state planner says has ample room and tools to support economic recoveryJapan finance minister Kato – will continue to take action on excessive FX movesJapanese Economic Revitalisation Minister Akazawa says crucial to boost payMore on US DoJ to ask judge to force Google to sell off ChromePBOC sets USD/ CNY central rate at 7.1911 (vs. estimate at 7.2305)Bank of America says US stock mkt statistically expensive, raises 2025 price target anywayRBA minutes: Vigilant to upside inflation risks, policy must remain restrictiveChinese state media outlet says further RRR cuts are expected this yearUSD/JPY 160 level – potential BOJ intervention, rate hikeGoldman Sachs forecasts Gold higher amid Trump tariffs risksANZ forecast a 50bp interest cut from the RBNZ next weekBank of America with 3 reasons for GBP to strengthen in 2025Australian Consumer Confidence, weekly survey, comes in at 86.8 (prior 86.7)US DoJ to pressure Google to sell Chrome – break monopolyTD expect EUR/USD to barely avoid parity, forecast a drop to 1.01Forexlive Americas FX news wrap 18 Nov: USD corrects lower as yields reverse.Stocks mixedICYMI – Citi base case is for no USD/JPY intervention before 160Impact of immigration restrictions on US economy and forecasts for EUR/USD and USD/CNYMixed ending for US stocks to start the new trading weekAUDUSD rebounds into a swing area resistance target. What next?Trade ideas thread – Tuesday, 19 November, insightful charts, technical analysis, ideas
USD/JPY
lost ground during Tokyo morning trade, falling to lows of 154.00 and
just under.
There
was little news nor data to point to as a catalyst. We did get plenty
of info from Japan including verbal intervention comments from
finance minister Kato. However, these came after the fall.
From
the Reserve Bank of Australia today we had minutes of the November
meeting. The Bank said it was vigilant to upside inflation risks, has
“minimal tolerance” for inflation above forecasts, and that
policy must remain restrictive. It did canvas what would be needed
for the Bank to consider easing, such as:
weak
consumptionsharp
deterioration in the labour market or forward-looking data
but
gave no indication this was imminent.
AUD
tracked a small range only, as did other major FX against the dollar
(all were lower against the yen, of course).
The
Philippine central bank signalled it’d be cutting interest rates
further this year and next.
This article was written by Eamonn Sheridan at www.forexlive.com.
