Products You May Like
Forex news for Asia trading on
Friday
28
May 2021
USD/JPY
has been relatively stable during the session here after its strong
rise Thursday. Highs were just over 109.90. Cable backed off just a
touch from its strong Thursday rally, back to circa 1.4185 as I post. EUR
and NZD have lost a few tics against the dollar, as has CAD.
News
flow was light; Japan will extend states of emergencies (official
announcement coming at an 11 GMT news conference from PM Suga); the
BOJ is speculated to be considering extending its support package for
6 month.
Data
flow, too, non-impactful. Tokyo area inflation data was today (see
bullets above).
The
People’s Bank of China set CNY stronger again, but not as strong
as surveys suggested. This is likely to be perceived as a signal the Bank would like to slow the appreciation of its currency.
Regional
equities advanced, led by a solid +2%
from the Nikkei. China’s
Shanghai index is barely changed.
Coming
up on Friday is important inflation data from the US, and also the
budget announcement. G7 finance ministers and central bankers meet
Friday also:
BTC down a touch: