FXStreet (Bali) - Exceedingly slow Asian session, with all the focus concentrated now on the FOMC.
All G10 FX vs the USD traded in 10-20 pips ranges, with familiar levels kept ahead of the Fed's policy meeting, with the market now expecting a more hawkish tone by Yellen following Tuesday's US May CPI, which came at 2.1% vs 2.0% y/y expected.
On the fundamental front, Japan's Merchandise Trade Balancefor May came at ¥-909.0B vs ¥-1,172.7B exp, with exports (YoY) coming at 2.7% vs -1.2% exp and imports (YoY) at -3.6% vs 1.7% exp. Meanwhile, the BoJ minutes showed no surprises, with members unanimously voting to keep increasing the monetary base at an annual pace of about 60-70 trillion yen. In New Zealand, the current account met expectations and was no mover for NZD.
Main headlines in Asia
Japan's updated growth strategy exceeds expectations - Nomura
New Zealand's current account meets expectations
Japan Merchandise Trade Balance Total registered at ¥-909B above expectations (¥-1172.7B) in May
Japan Adjusted Merchandise Trade Balance down to ¥-862.2B in May from previous ¥-844.62B
Jun 17, 23:50 GMTJapan Imports (YoY) came in at -3.6% below forecasts (1.7%) in May
Jun 17, 23:50 GMTJapan Exports (YoY) below forecasts (-1.2%) in May: Actual (-2.7%)
BoJ minutes: QQE effects firmly taking hold
PBoC planning new monetary tool to guide rates - Reuters
China House Price Index dipped from previous 6.7% to 5.6% in May
Forex FundamentalsAs the world's second largest economy, China's challenge to America’s dominance includes a push to make the yuan (RMB), the world’s reserve currency. Whether it can do that now is unclear.
EconomicsOne particular barrier to trade that has received much attention of late and caused delays in negotiations of the TPP is exchange-rate manipulation, by which a country artificially devalues its ...
ForexBreaking news moves forex markets. Here are the top U.S. sites for tracking forex news.
InvestingAccess to financial information has grown with the expansion of digital news. Bloomberg and Thomson Reuters lead the pack, claiming a majority of the business information market.
EconomicsSouth Korea is the latest country to cut interest rates in an attempt to stimulate economic growth.
Forex EducationPeer-to-peer (P2P) currency exchange networks offer a viable and cheaper alternative for buying and selling currencies.
ForexHere is a simple breakdown of how to open an offshore forex account for US-based users, including legal requirements.
EntrepreneurshipA brief overview of the top apps that help forex traders with on time information, charts and more.
Investing BasicsVirtual currency is probably here to stay, but what about Bitcoin specifically? Does it have a first-to-market advantage? What are the risks involved?
Forex NewsWhen it comes to forex, some types of "fixes" are legal. But some really aren't.
- No results found.