- Asian session: The yen weakened against most of its 16 major counterparts
Market news
Asian session: The yen weakened against most of its 16 major counterparts
01:30 Australia Unemployment rate July 5.2% 5.3% 5.2%
01:30 Australia Changing the number of employed July -27.0 +10.3 +14.0
01:30 China CPI y/y July +2.2% +1.7% +1.8%
01:30 China PPI y/y July -2.1% -2.6% -2.9%
03:00 Japan BoJ Interest Rate Decision - 0.10% 0.10% 0.10%
03:00 Japan BoJ Monetary Policy Statement -
05:00 Japan Consumer Confidence July 40.4 40.8 39.7
05:30 China Industrial Production y/y July +9.5% +9.8% +9.2%
05:30 China Retail Sales y/y July +13.7% +13.6% +13.1%
07:00 Japan BOJ Press Conference
The yen weakened against most of its 16 major counterparts as Asian stocks advanced and the extra yield on 10-year U.S. Treasuries over Japanese government bonds widened to the most in more than two months. The yen briefly pared declines after the Bank of Japan refrained from adding stimulus at a policy meeting today. The BOJ kept its asset-purchase fund at 45 trillion yen ($573 billion) and lending facility at 25 trillion yen, according to a statement released in Tokyo. All 22 analysts surveyed by Bloomberg News predicted no change.
The euro remained lower against the pound following a two-day decline before data forecast to show French industrial production fell. French industrial production probably fell 1.8 percent in June from a year earlier, when it dropped 3.5 percent, according to the median estimate of economists surveyed by Bloomberg before the statistics office Insee releases data tomorrow.
The Australian dollar strengthened against 14 of its 16 major counterparts. The number of people employed in the South Pacific nation rose by 14,000, the statistics bureau said today, exceeding the 10,000 increase predicted by the median economist estimate in a Bloomberg survey. The jobless rate fell to 5.2 percent from a revised 5.3 percent in June.
EUR/USD: during the Asian session the pair rose to $ 1.2385.
GBP/USD: during the Asian session the pair rose to a week's high of $1.5685.
USD/JPY: during the Asian session the pair was traded around Y78.45.
UK data at 0830GMT sees the Trade Balance data for June as well as BoE Quoted rates data for July, Vehicle Licensing Statistics for June and also Q2 CML Buy to Let/Repossessions data. The ECB publishes it's August Monthly Bulletin at 0800GMT. The EMU OECD leading indicator rounds off European data at 1000GMT. US data starts at 1230GMT with the weekly Jobless Claims data and also the International Trade Balance. US data continues at 1400GMT with Wholesale Inventories, followed at 1430GMT by the weekly EIA Natural Gas Storage data and then the later 2030GMT release of weekly M2 Money Supply.
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